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principles of real estate 1 texas unit 7 questions & answers.
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principles of real estate 1 texas unit 7questions & answers.
Which is NOT a violation for which the Texas Real Estate Commission (TREC) may suspend or revoke a
license or take other disciplinary action? ANS -failing to advise a buyer or a seller regarding the validity
of title to real estate. Unless a real estate license holder is also a Texas-licensed attorney, the
Commission will suspend or revoke a license for the unauthorized practice of law. The unauthorized
practice of law includes drafting an instrument that transfers or otherwise affects an interest in real
property or advising a person regarding the validity or legal sufficiency of an instrument or the validity of
title to real property.
Which notice or disclosure is NOT required by the Texas Real Estate Commission (TREC)? ANS -a written
notice to a purchaser that a death occurred on a property by natural causes, suicide, or accident
unrelated to the condition of the property
also not required to inquire about, disclose, or release information relating to whether a previous or
current occupant of real property had, may have had, has, or may have AIDS, an HIV-related illness, or
an HIV infection.
When a broker-level license holder moves from another state to Texas, can that broker become a broker
in Texas? ANS -yes, the new-to-the-state broker may become a Texas broker if the originating state has
education requirements comparable with Texas requirements
If the Texas Real Estate Commission (TREC) determines that the facts revealed in the investigation of a
complaint against a license holder do not warrant disciplinary action but, if not corrected, could lead to
further complaints and ultimately to potential disciplinary action, what may TREC do? ANS -Issue an
advisory letter
Aside from a criminal background check, what other check may the Commission make—even before
someone applies for a license? ANS -Moral character, to make sure the prospective license holder has
satisfied any outstanding conflicts with the law
The Texas Real Estate License Act is administered by ANS -the Texas Real Estate Commission
Brokers are required to maintain, and to place all money received from clients in, which of the
following? ANS -Escrow or trust account
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