Trec laws - Study guides, Class notes & Summaries

Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ The TREC residential contract forms are: Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: Enter into a Seller's Temporary Residenti...

What year did the state enact the Tennessee real estate Broker License Act? correct answer: 1973 What is the purpose of the Tennessee real estate broker license Act? correct answer: to create rules for real estate professionals to protect the public against harmful actions by licenses What does TREC stand for? correct answer: Tennessee real estate commission aka the commission What does the TREC (the commission) do? correct answer: -Administer and enforce laws regarding licensed rea...

TEXAS REAL ESTATE STATE EXAM 2024 WITH 100% ACCURATE SOLUTTIONS When was TREC created? - correct answer 1947 TREC has the authority to.. - correct answer make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? - correct answer 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. - correct answer subpoena books, records, and witnesses and issue and revoke real estate licenses ...

Promulgated Contracts (Course 6) Questions with 100% Correct Answers Which of these materials would be considered part of a property's mineral estate? - answerOil What information does the Disclosure of Relationship with Residential Service Company form convey? - answerthat it is a violation of RESPA for license holder to receive a referral fee for passing on a name to service provider A seller is selling a property that is under a lease. When does the seller have to deliver a copy of t...

Law of Contracts - CHAMPIONS TEST|Latest Update Graded A+ The TREC residential contract forms are: Drafted by the Broker Lawyer Committee Wrongful or criminal deception intended to result in financial or personal gain is called: fraud Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. goods If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: Enter into a Seller's Temporary Residenti...

LAW OF CONTRACT CHAMPIONS WITH QUESTION AND CORRECT ANSWERS // DOWNLOAD AND PASS '1101' laws are associated with... - ANSWERTRELA '535' laws are associated with... - ANSWERTREC TRELA was established in... - ANSWER1939 TREC was established in... - ANSWER1949 The Real Estate Recovery Trust Account is used to... - ANSWERProtect aggrieved individuals who suffer a monetary loss due to illegals acts of license holders. The maximum amount per transaction for Real Estate Recovery is... -...

'1101' laws are associated with... correct answersTRELA '535' laws are associated with... correct answersTREC TRELA was established in... correct answers1939 TREC was established in... correct answers1949 The Real Estate Recovery Trust Account is used to... correct answersProtect aggrieved individuals who suffer a monetary loss due to illegals acts of license holders. The maximum amount per transaction for Real Estate Recovery is... correct answers$50,000 The maximum amount...

Promulgated Contracts (Course 6) Questions with 100% Correct Answers Which of these materials would be considered part of a property's mineral estate? - answerOil What information does the Disclosure of Relationship with Residential Service Company form convey? - answerthat it is a violation of RESPA for license holder to receive a referral fee for passing on a name to service provider A seller is selling a property that is under a lease. When does the seller have to deliver a copy of t...

The Tennessee Human Rights Commission (THRC) enforces fair housing laws in the state. Exemptions to Tennesse's Human Rights Act are: 1. Rental of one housing unit when the building contains no more than two independent units, if the owner or a family member lives in one of the units. 2. Rental of a room or rooming unit in a housing accommodation that shares a common bath (and only in regards to sex as a protected class). 3. Sale, rental, or preference of a dwelling owned, operated, or ...

Principles of Real Estate 1 Exam With 100% Correct Answers Texas Real Estate Agent - answerA person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? - answerNo. There are two types of licenses: - answerbroker's and salesperson's license What is the most popular division of the real estate market? - answerResidential real estate because there are more transactions in r...