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Texas Real Estate Principles 1 Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 ExamWith 100% Correct And Verified Answers
Trec Commision Membership - Correct Answer-9 Members (6
brokers, 3 public) appointed by governor. They serve 6 year
staggered term.
Texas Real Estate Borker Lawyer Committee - Correct Answer-13
Members (6 brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - Correct
Answer-18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - Correct
Answer-buying, selling or leasing an easement pertaining to
telecommunicaton, utility, railroad or pipeline services.
Payments into Trust Account - Correct Answer-ensures the
availibility of a sufficient amount to pay on anticipated claims on the
trust account
A commission may suspend or revoke a license for - Correct
Answer-acting negligently or incompetently, comingling money and
soliciting or selling offers for the sale of real estate by means of a
lottery
An appeal can be made on a decision by the commission - Correct
Answer-it must be taken to the district court in the county where the
administrative hearing was held.
When dealing with a client it is mandatory to give them - Correct
Answer-A copy of the "Information about brokerage services" form
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, The three Canons for professional ethics and conduct for Real
Estate Licensees - Correct Answer-Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" -
Correct Answer-That agent has to join the "NAR" National
Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 -
Correct Answer-FEDERAL LAW that where the only protected
class was Race. No one can discriminate because of RACE.
Civil Rights Act of 1968 - Correct Answer-Amended the Civil Rights
Act of 1866 to include race, color, national origin, religion,
Civil Rights Act of 1974 - Correct Answer-Amended to include Sex
(Male or Female)
Civil Rights Act of 1988 - Correct Answer-Amended to include
Handicap and Familial status
Define Handicapped - Correct Answer-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.
Steering - Correct Answer-Illigal practice of directing home seekers
to a particular neighborhood based on fair housing protected
classes. An agent cannot steer even if asked to by their client.
If a seller asks agent to discriminate - Correct Answer-agent must
refuse to take the listing
ADA Americans with Disabilities Act - Correct Answer-enacted in
1992 deals with commercial property only
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