100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Texas Principles of Real Estate 1- study guide Austin Institute (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass$12.99
Add to cart
Texas Principles of Real Estate 1- study guide Austin Institute (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass
0 view 0 purchase
Course
Texas Real Estate Principles
Institution
Texas Real Estate Principles
Texas Principles of Real Estate 1- study guide Austin Institute (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass Texas Real Estate Agent
AnswerA person who is licensed through TREC.Texas Real Estate
Commission
2. Does a person who manages, buys, sells, leases, or rents th...
Texas Principles of Real Estate 1- study guide Austin Institute.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Princi
Principles of Real Estate 1- study guide
*Austin Inst. Questions & Answers
1. Texas Real Estate Agent
Answer A person who is licensed through TREC.Texas Real Estate
Commission
2. Does a person who manages, buys, sells, leases, or rents their own property
have to be licensed through TREC?
Answer No.
3. There are two types of licenses
Answer broker's and salesperson's license
4. What is the most popular division of the real estate market?
Answer Residential real estate because there are more transactions in residential in
other forms of realestate.
1 of 65 11/18/2024, 3:36
,Texas Principles of Real Estate 1- study guide Austin Institute.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Princi
5. Residential brokerage involves
Answer helping a person buy or sell a house, condo,or duplex. Agents must be
knowledgeable in finance, real estate law, and contracts.
6. Apartment locators
Answer are involved in residential real estate and must have a realestate license.
7. Farm Brokerage
Answer involves the sale of a home as well as a business including afarm. Ag business
experience. Typically in small towns.
8. Property managers
Answer manage residential or commercial properties and maybebe required to
have a real estate license.
9. Types of careers in real estate
Answer Farm brokerage, finance, real estate instruc-tor, apartment locators,
residential, property management, appraisal, inspection, finances, education, full
2 of 65 11/18/2024, 3:36
,Texas Principles of Real Estate 1- study guide Austin Institute.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Princi
time investigating.
10. Does an appraiser require a RE license?
Answer No. Appraisers gathers informationabout property and determines the value
of the property.
11. Does an inspector have to maintain a RE license?
Answer Yes, inspects property and makes a report of the property condition. Home
is inspected during the optionperiod of the contract.
12. Loan officer
Answer works in finance, with buyers and lenders is a mortgage brokerand must
have a loan officer's license. Loan officer arranges financing for buyer.
13. Is a real estate instructor required to have a license?
Answer No, the instructor mustprove to TREC that they are qualified in the subject
that they are teaching.
14. Is a full time investor required to have a RE license?
3 of 65 11/18/2024, 3:36
,Texas Principles of Real Estate 1- study guide Austin Institute.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Princi
Answer No as long as that person is buying and selling for themselves. If they are
helping someone else theyhave to be licensed.
15. 1949 was the year that TREC was created.T of F?
Answer True
16. Real Estate Licensing act or 'TRELA' is administered by the TX Real Estate
Commission. How many members is the commission made of?
Answer 9 members intotal. 6 brokers and 3 are members of the public.
17. How many years are appointees terms for TREC for?
Answer appointed by thegovernor for 6 year terms.
18. What education is required to obtain for a salesperson license?
Answer Completeeducation requirement from TRELA. 12 semester hours, or
equivalent classroom
4 of 65 11/18/2024, 3:36
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseFerian. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
