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Texas Real Estate Principles 1 - Unit 1 Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 - Unit 1 Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 - Unit 1Exam With 100% Correct And Verified
Answers
The Committee has _____ members appointed by the Commission. -
Correct Answer-12
The __________ is a statute that is administered and enforced by the
Texas Real Estate Commission (TREC), which is a state agency. - Correct
Answer-Real Estate License Act
A successful career in real estate requires someone to: - Correct Answer-
be a self-started.
A peak is characterized as the __________ turning point of a business
cycle. - Correct Answer-upper
To be eligible to get a Texas real estate sales agent or broker license, a
person must: - Correct Answer-All of the choices apply
Which of the following is not a duty of TREC? - Correct Answer-Creates
state laws, statues, and rules
What are changes in business and economic activity that occur within the
year? - Correct Answer-Short-term fluctuations.
The majority of new licensees begin their careers with a __________ to
help homeowners sell and homebuyers purchase homes. - Correct
Answer-residential brokerage
Which of the following statements is true regarding NAR and TAR? -
Correct Answer-All of the choices apply.
Any person who wants to engage in the real estate business and act as a
real estate broker or real estate sales agent within the state of Texas must
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, obtain a license from the: - Correct Answer-Texas Real Estate
Commission.
The Education Standards Advisory Committee is responsible for reviewing
and revising: - Correct Answer-All of the choices apply.
A(n) __________ is a rule issued by an administrative agency to enforce or
amplify a statute. - Correct Answer-regulation
A __________ is a voluntary nonprofit organization of independent and
competing business units engaged in the same industry or trade, formed
to help solve industry problems, promote progress, and enhance service. -
Correct Answer-trade association
Which of the following is true regarding the employee tax status for real
estate sales agents or broker-sales agents? - Correct Answer-All of the
choices apply.
Which of the following gives buyers the best opportunity to purchase real
estate? - Correct Answer-Trough
In addition to the legal and ethical requirements, to be eligible to get a
Texas real estate sales agent or broker license, the applicant must: -
Correct Answer-both complete the required courses of study and pass the
state licensing examination.
Real estate agents who do not comply with the duties and obligations
required by law may be subject to: - Correct Answer-All of the choices
apply.
Any form of online presence that allows end users to engage in multi-
directional conversations in or around the content on the website is
referred to as: - Correct Answer-Social Media
Advertisements must include a designation, such as __________,
that identifies the advertiser as a real estate agent. - Correct
Answer-all of the choices apply
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