Texas Real Estate Principles 1 - Unit 1 Exam.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%20
Texas Real Estate Principles 1 - Unit 1 Exam
Questions & Answers
1. The Committee has members appointed by the Commission.
Answer 12
2. The is a statute that is administered and enforced by the Texas Real
Estate Commission (TREC), which is a state agency.
Answer Real Estate LicenseAct
3. A successful career in real estate requires someone to
Answer be a self-started.
4. A peak is characterized as the turning point of a business
cycle.
Answer upper
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,Texas Real Estate Principles 1 - Unit 1 Exam.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%20
5. To be eligible to get a Texas real estate sales agent or broker license, aperson must
Answer All of the choices apply
6. Which of the following is not a duty ofTREC?
Answer Creates state laws, statues, andrules
7. What are changes in business and economic activity that occur within theyear?
Answer Short-term fluctuations.
8. The majority of new licensees begin their careers with a to help
homeowners sell and homebuyers purchase homes.
Answer residential brokerage
9. Which of the following statements is true regarding NAR andTAR?
Answer All of thechoices apply.
10. Any person who wants to engage in the real estate business and act as a real estate
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,Texas Real Estate Principles 1 - Unit 1 Exam.pdf file:///C:/Users/HP/Desktop/New%20fl/Texas%20Real%20Estate%20
broker or real estate sales agent within the state of Texas mustobtain a license from the
Answer Texas Real Estate Commission.
11. The Education Standards Advisory Committee is responsible for reviewingand revising
Answer All of the choices apply.
12. A(n) is a rule issued by an administrative agency to enforce oramplify a
statute.
Answer regulation
13. 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.
Answer tradeassociation
14. Which of the following is true regarding the employee tax status for realestate sales
agents or broker-sales agents?
Answer All of the choices apply.
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