ACEABLE AGENT-TEXAS REAL ESTATE COMPILATION BUNDLE

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occ...

supply The amount of goods offered for sale within a given market at a given price during a given time period. General Agent A property manager is an example of what type of agent? Special Agent A real estate agent is an example of what type of agent? Residential, Commercial,...

emblements are best described by which of the following? Harveststable plants what states that a party, or parties, associated with a contract will cover certain losses or expenses incurred by another party under the contract? An indemnification clause which of these is NOT one of th...

The purpose of the TRELA is to... protect the public against unscrupulous brokers and salespersons. What is required to obtain a license in Texas? be a resident of Texas at least 18 yrs of age at the time of application, be of good moral character, must show competency by passing the exam ...

1. The listing is always taken in the name of the _________ and becomes the property of the ___________. A. Broker—salesperson B. Salesperson—seller C. Broker—broker D. Broker—seller C. Broker- broker A deed is used to transfer ownership of real estate. A bill of sale would be...

A broker's license is suspended for one year. His salespeople: Send the license back to TREC and wait for it to be reinstated. A report of all the insurance claims made on a property is called a: Clue The government receives the authority to take the property of one who dies without...

brokerage The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a f...

Encumbrance A claim, charge, or liability that attaches to and is binding on real property? Title VIII of the Civil Rights Act of 1968 and Fair Housing Amendments Act of 1988 The two pieces of legislation that comprise the Fair Housing Act commission Agreement A contract between a c...

The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climat...

Why have the states passed laws that require real estate brokers and sales agents to be licensed? to protect the public What year was the TRELA passed? 1949 What is the potential fine for acting as a sales agent or broker in Texas without a license? 4,000 Who may be a Realtor...

The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climat...

What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? T...

Which of the following is an example of a limited common element? Parking Space A married couple buys a home for $400,000. Five years later, they sell it for $550,000. How much of their sale is taxable capital gain? $0. They get a $500,000 capital gains tax exclusion, and they made $150,...

Real Estate Broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee. Real Estate Salesperson A person performing any of the acts included in the definition of real estate broker but while associat...