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Texas Principles 1 (study & HW) Champions School of Real Estate study guide Questions and Answers Latest (2023 / 2024) (Verified Answers)$11.99
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Texas Principles 1 (study & HW) Champions School of Real Estate study guide
1.Trec Commision Membership: has 9 Members (6 bro- kers, 3 public) appointed by governor. They serve 6 year staggered
term.
2.Texas Real Estate Borker Lawyer Committee: has 13 Members (6 brokers, 6 lawyers, 1 public)
3.Licensed by TREC: -18 years old
-a US citizen or lawfully admitted
alien resident of the state
Above are general Eligibility Requirements to be...
4.buying, selling or leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline services.: A certificate is required separate of the license when...
5.Payments into Trust Account: ensures the availability of a sufficient amount to pay on anticipated claims on the trust account.
6.acting negligently or incompetently, commingling money and soliciting or selling offers for the sale of real estate by means of a lottery: A commission may suspend or revoke a license for...
7.the district court in the county where the administrative hearing was
held.: - In order for an appeal to be made on a decision by the
commission, it must be taken to...
8."Information about brokerage services" form: When dealing with a
client it is mandatory to give them a copy of the...
9.Fidelity, Integrity, Competency: The three Canons for professional
ethics and conduct for Real Estate Licensees are...
10.That agent has to join the "NAR" National Association of Realtors: Under what circumstances can a person be called a "Realtor?"
11.FEDERAL LAW where the only protected class was Race. No one can discriminate because of RACE.: What was the Fair Housing Laws or Civil Rights Act of 1866?
12.Civil Rights Act of 1968: What amended the Civil Rights Act of 1866 to
include race, color, national origin, and religion?
13.Civil Rights Act of 1974: What amended to include Sex (Male or Female)?
14.Civil Rights Act of 1988: What amended to include Handicap and Familial status? .Handicapped: having a physical or mental disability (including
hearing, mobility, visual impairment, chronic mental illness and AIDS)
that substantially limits one or more major life activities is defined as...
16.Steering: Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. .refuse to take the listing: If a seller asks agent to discriminate, the agent must...
18.ADA Americans with Disabilities Act: Enacted in 1992 and deals with com- mercial property only
19.Personal Property: Things not attached to the land are considered...
20.Chattel: also known as Personal Property
21.Bill of Sale: How is Personal Property sold?
22.Personal Property: Plants (Annual or fructus industrials or emblements) are classified as...
23.Appurtenances: right or privilege to land that goes with the land when owner- ship changes such as parking lot spaces, easements, right
or ways
24.Fixture: was personal property but then became real estate because it has been attached to the land
25.Tests of a fixture: method of attachment (annexation) Fitness or adaptation to property
Intention of the parties
26.Trade fixture: attached to the property under a commercial lease
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