Under the dtpa - Study guides, Class notes & Summaries

Law of Agency – Champions Exam Questions and Answers 100% Solved Which of the following has the authority to suspend or revoke a Texas real estate license? TREC Which of the following is an element of a listing agreement? the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing f...

RELE 2201 CHAPTER 11 REVIEW RATED A All of the following are essential elements to a cause of action for fraud except mistake As originally written, the DTPA did not cover real estate transactions. True Consumers are protected under DTPA from A. false, misleading and deceptive practices. B. unconscionable actions. C. breaches in warranty. ALL OF THE ABOVE One of the advantages of DTPA to consumers is that they may recover more than just actual damages. True Punitive damages are punishing da...

Which regulatory body handles violations of related insurance issues only? correct answersTexas Insurance Code (TIC) What license carries the minimum requirements to handle homeowner's claims? correct answersProperty, Casualty & Surety 30% of the questions on the license exam are considered "Knowledge-based" questions. What are the remaining 70% considered? correct answersApplication-based Most Workers' Compensation policies have what type of policy limit? correct answersNone Whi...

In a residential lease with a "right of first refusal" provision: o :# The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: o :# 1) Scarcity 2) Modification 3) Situs 4) Fixity GIVES LAND ITS VALUE The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: o :# 90 days A contract that is said to lack mutuality becau...

Champions Commercial Real Estate- SAE Latest Update Graded A+ Buffer Zone an area of land separating one land use from another Variance permission to violate the rules Police Power the right of the government to regulate and control the way land is used Downsizing Changing the zoning of a property to lower the value use Zoning the most common example of police power Texas Property Code arranges Texas Statute Law into a logical order, making it more accessible and understandab...

Which of the following has the authority to suspend or revoke a Texas real estate license? - Answer- TREC Which of the following is an element of a listing agreement? - Answer- the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - Answer- salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer repre...

Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. Fcebook Live - CORRECT ANSWER Video streaming through facebook. CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...

In a residential lease with a "right of first refusal" provision: o :# The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: o :# 1) Scarcity 2) Modification 3) Situs 4) Fixity GIVES LAND ITS VALUE The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: o :# 90 days A contract that is said to lack mutuality becau...

Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer representation agreement in o...

In a residential lease with a "right of first refusal" provision: correct answersThe tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: correct answers1) Scarcity 2) Modification 3) Situs 4) Fixity GIVES LAND ITS VALUE The Buyer and Seller Temporary Residential Lease forms may be used for a lease period not to exceed: correct answers90 days A contract that ...