Trec composition Study guides, Class notes & Summaries

What is the primary purpose of TRELA and TREC? Correct Answer Protect the public of the State of Texas What is TRELA? Correct Answer TRELA is the law that governs all real estate license holders and sets the powers for TREC. What is the composition of TREC? Correct Answer 9 members, 6 brokers and 3 members of the public How are members of TREC selected? Correct Answer They are appointed by the governor with the advice and consent of the state senate (with staggered 6 year terms) One bro...

The Real Estate License Act (TRELA) Exam 1 Quiz Questions Part 2 Already Passed Which of these IS NOT covered in The Real Estate License Act (TRELA) described above? 1. Requirements for establishing and maintaining a real estate business 2. Activities prohibited for licensees, disciplinary processes, and disciplinary actions 3. Structure and purpose of the Texas Real Estate Commission Which of these IS NOT a subchapter subject matter addressed by TRELA? The confidentiality of infor...

TREC Purpose - Answer- To protect general public in dealing with licensee TREC composition - Answer- 9 members appointed by the governor, 6 must be licensed brokers, 3 must be members who represent the public, all must be voters, public members may not be associate with the commission, they serve six year staggered terms TREC does not - Answer- Mediate disputes among and between licensees, involve itself with compensation disputes among licensees, recommend certain licensees to the public ...

Pearson Vue Texas Real Estate Review Stu TRELA Texas Real Estate License Act - Law that governs real estate licensees and sets the power for TREC TREC Texas real estate commission TREC Composition Nine Members - 6 brokers - 3 members of the general public Appointed by the governor, with advice and consent of state senate, to staggered six-year terms One broker designated by the governor as chairperson TREC Duties 1) Make and enforce rules and regulations 2) Establish Sta...

REAL ESTATE EXAM REVIEW | QUESTIONS & ANSWERS| ALREADY PASSED| VERIFIED & UPDATED | 2024 • Commission Duties and Powers o Texas Real Estate Commission (TREC) ▪ Nine Member – six brokers and three members of the general public ▪ Appointed by the governor to staggered six-year terms ▪ One broker designated by the governor as chairperson o Duties and Powers ▪ Protect the public ▪ Make and enforce rules and regulations ▪ Establish standards of conduct and ethics for licens...

TRELA ☑: Texas Real Estate License Act - Law that governs real estate licensees and sets the power for TREC TREC ☑: Texas real estate commission TREC Composition ☑: Nine Members - 6 brokers - 3 members of the general public Appointed by the governor, with advice and consent of state senate, to staggered sixyear terms One broker designated by the governor as chairperson EXCELLENCE 2 TREC Duties ☑: 1) Make and enforce rules and regulations 2) Establish Standards of Conduct and ...

TREC General Powers, Composition, Duties, and Powers: Real Estate Advisory Committees -TREC was created in 1949 to administer the provisions of the License Act which was passed in 1939. The primary purpose of both the License Act and TREC is to protect the public. -TREC has the authority to make rules and regulations. TREC can advise with reference to its rules and the laws that govern license holders. -TREC consists of 9 commission members, 3 represent the general public and 6 are real estate...

Pearson Vue Texas RE Study Guide 2024 with 100% Complete Solutions TRELA - Answer- Texas Real Estate License Act - Law that governs real estate licensees and sets the power for TREC TREC - Answer- Texas real estate commission TREC Composition - Answer- Nine Members - 6 brokers - 3 members of the general public Appointed by the governor, with advice and consent of state senate, to staggered six- year terms One broker designated by the governor as chairperson TREC Duties - Answer- 1) Ma...

The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climate, views, access to natural recreation, good schools and job opportunities are some factors that contribute to the desirability of land in particular locations. These factors best describe: A. Scar...

Pearson Vue Texas Real Estate Review Stu TRELA Texas Real Estate License Act - Law that governs real estate licensees and sets the power for TREC TREC Texas real estate commission TREC Composition Nine Members - 6 brokers - 3 members of the general public Appointed by the governor, with advice and consent of state senate, to staggered six-year terms One broker designated by the governor as chairperson TREC Duties 1) Make and enforce rules and regulations 2) Establish Sta...