Texas Real Estate Exam (State) Exam Study Guide with Complete Solutions
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Module
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Exam (State) Exam
Study Guide with Complete Solutions
Texas Real Estate Commission (TREC) - Answer️️ --created in 1949
-purpose: to administer the provisions of the License Act
-authority to make rules and regulations
-9 members (3 represent the general public, 6 are real...
2.auctioneers involved in a real estate transaction
3.apartment locators
4.real estate salespeople
5.the designated officer of a licensed real estate corporation or the designated manager
of a licensed Real Estate Limited Liability Company (the designated one is a broker)
1-4 MUST BE SPONSORED BY A BROKER AND RECEIVE COMMISSIONS ONLY
FROM THAT BROKER
steps in obtaining a real estate license - Answer✔️✔️-1. meet the educational
requirements
2. submit an application with or without a sponsoring broker
3. submit the required fees
4. pass the state exam
5. demonstrate integrity
licensing requirements - Answer✔️✔️--18 years of age
-resident of Texas at the time of application
-comply with legal residency requirements (not an illegal alien)
educational requirements - Answer✔️✔️-180 classroom hours with a minimum of 120 in
core real estate courses
-60 hours in Principles of Real Estate, 30 hours in Law of Contracts, 30 hours in the
Law of Agency are mandatory
TREC Consumer information form 1-1 - Answer✔️✔️--notifies the public of the recovery
fund
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