Exam Prep - State Portion I - Trebs 2024(Questions & Answers 100% Correct)
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Course
Trebs 2024
Institution
Trebs 2024
T1. The six non-public members of the Texas Real Estate Commission are:
A. Licensed salesmen
B. Appointed by the Senate and approved by the Governor
C. Are not actively engaged in real estate and serve the purpose of protecting the public
D. Licensed brokers - ANSWERSD. Licensed brokers. The Te...
Exam Prep - State Portion I - Trebs
2024(Questions & Answers 100%
Correct)
T1. The six non-public members of the Texas Real Estate Commission are:
A. Licensed salesmen
B. Appointed by the Senate and approved by the Governor
C. Are not actively engaged in real estate and serve the purpose of protecting the public
D. Licensed brokers - ANSWERSD. Licensed brokers. The Texas Real Estate Commission is made up of nine
members. Six are licensed brokers and three are members of the public. They are appointed by the
Governor.
T1. Which of the following is true of the rules and regulations of the Texas Real Estate Commission?
A. They must be approved by a district court.
B. They are approved by the attorney general
.C. They must be approved by the senate.
D. They have the full force and effect of law. - ANSWERSD. They have the full force and effect of law.
Texas Real Estate Licensee Act is law. The Texas Real Estate Commissions administers the Texas Real
Estate Licensing Act.
T1. If a licensee violates the Texas Real Estate License Act, TREC is permitted to:
A. Suspend the person's license
B. Place the person's license on probation
C. Revoke the person's license
D. All of the above - ANSWERSD. All of the above. The Texas Real Estate Commission may suspend a
license, place the person's licenses on probation, and revoke the license.
T1. The Texas Real Estate Commission is made up of 9 members. The members are:
A. Hired by a state employment agency
, B. Elected by the public
C. Appointed by the governor
D. Appointed by the president - ANSWERSC. Appointed by the governor. The commissioners are
appointed by the governor with the advice and consent of the Senate.
T1. The broker-lawyer committee consists of:
A. 9 members
B. 10 members
C. 21 members
D. 13 members - ANSWERSD. 13 members. The Broker-Lawyer Committee writes the contracts and forms
adopted by TREC. The committee consists of 13 members 6 brokers, 6 lawyers, and 1 member of the
public.
T1. If a license holder fails to comply with a subpoena, what can TREC do?
A. Contact the broker's attorney directly
B. File a suit through the Lt. Governor's office
C. File a complaint with the Better Business Bureau
D. File a suit through the Attorney General's office - ANSWERSD. File a suit through the Attorney
General's office. A subpoena is a written legal order summoning a witness or requiring evidence to be
submitted. TREC has the power of subpoena. The Attorney General's office will enforce the subpoena.
T1. Broker Bob and Broker Jim both claim to be entitled to the commission from the sale of a property
located in Texas. They have asked TREC to decide who is entitled to the commission. Will TREC make the
decision?
A. No, TREC does not become involved in commission disputes between licensees.
B. Yes, TREC will hear the case.
C. No, only a salesperson can collect a commission.
D. Yes, if the brokers complete the correct forms. - ANSWERSA. No, TREC does not become involved in
commission disputes between licensees. TREC will not become involved in commission disputes between
brokers. If the brokers are both members of TAR, the brokers may take the case to arbitration before the
TAR board.
T1. The maximum payment from the Real Estate Recovery Trust Account for one transaction is
___________ and the maximum payment for any one license holder is ___________.
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