Exam (elaborations)
Texas Real Estate Law QUESTIONS AND ANSWERS RATED A+ 2024/2025
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Texas Real Estate Law QUESTIONS AND ANSWERS RATED A+ 2024/2025
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Texas Real Estate LawWhat are thepurposes of TRELA(Texas Real Estate License Act)? - ANSProtect the public,
minimal requirements for licensing,preserve excessive requirements, protect licensees from
unfair competition.
What is the number one motive of TRELA? - ANSProtect the general public
Can a real property salesperson pay a finder's price to anybody who presents a certified lead? -
ANSNo he can not
TRELA does now not require licensing for those promoting: - ANSBusiness possibilities:
example franchises, mall espresso save
Name 4 corporations that don't need real property license to sale actual estate - ANSAttorney,
lawyer in truth, sheriff, auctioneer
If you're the executor of a will do you need a actual property license to conduct a actual estate
transaction? - ANSNo
If you offer to promote,change,purchase, or rent actual property do you need a actual property
license ? - ANSYes you ought to
Do you want a actual estate license to do an appraisal? - ANSYes
Do on-web site apartment managers want a real property license? - ANSNo
How many participants does TREC have? - ANS9
The governor appoints a presiding officer over TREC. What have to this character be? - ANSA
certified broking
What is the TREC administer for? - ANSManages all TREC subordinates
Who appoints the TREC administrator? - ANSThe Texas Real Estate Commission
Which entity adopts and enforces rules important to administer TRELA? - ANSTREC
What does TREC require be prominently displayed in a place of business of one regulated
beneath TRELA - ANSConsumer Information Form 1-1
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