Principles of Real Estate Practice Exam 1 EXAM QUESTIONS AND ANSWERS 100% correct!
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Course
Principles of Real Estate PRAC
Institution
Principles Of Real Estate PRAC
Which of the following does not need a license? - ANSWER a person who offers to sell her own property
The Texas Real Estate Commission consists of ______. The commission members
serve for _______ terms - ANSWER 9 members --- 6 year
When a broker discharges a salesperson, he should: - ANSWE...
, Principles of Real Estate Practice Exam
1 EXAM QUESTIONS AND ANSWERS
100% correct!
Which of the following does not need a license? - ANSWER a person who offers to sell
her own property
The Texas Real Estate Commission consists of ______. The commission members
serve for _______ terms - ANSWER 9 members --- 6 year
When a broker discharges a salesperson, he should: - ANSWER return the license to
the Texas Real Estate Commission
A real estate salesperson may elect to remain inactive for: - ANSWER indefinitely
TRELA states: An applicant must satisfy the examination requirements not later than
one year after the date the license application is filed. - ANSWER True
The Texas Real Estate Recovery Fund is funded - ANSWER by real estate license fees
The Texas Real Estate Commission may suspend or revoke a license or take other
disciplinary action authorized by Chapter 1101 if the license holder, while acting as a
broker or salesperson: - ANSWER all of the above
The term "Realtor" applies to any - ANSWER member of the National Association of
REALTORS®
The owner of a single-family house in which he lives wants to sell. If he does not use
discriminatory language in advertising, has not sold any other house within the past two
years, and does not employ an agent, may he discriminate on the basis of race in
selecting a purchaser? - ANSWER No, because this would be prohibited by the Civil
Rights Act of 1866.
All of the following are prohibited by the Fair Housing Act of 1968, as amended,
EXCEPT - ANSWER discrimination on the basis of age
The practice of directing home seekers to particular neighborhoods based on race,
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