Trecs purpose is to Study guides, Class notes & Summaries
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RealEstateU: Texas Real Estate Principles Part 1 Final Exam Questions and Answers well Explained Latest 2024/2025 Update 100% Correct.
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A seller's broker is required to tell their client any relationship they may have with the buyer. This is an 
example of what fiduciary duty? - disclosure 
The prohibition of fair housing discrimination by a licensee is described as which of the following... - 
Texas Real Estate License Act 
A real estate broker is authorized to perform which of the following? - Deal or sell options on real 
estate; identify properties for purchase or lease; auction off real estate. 
A broker will work for a cl...
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Aceable Law of Agency Review (Q & A) Rated 100% Correct!!
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Aceable Law of Agency Review (Q & A) Rated 100% Correct!!
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Aceable Law of Agency Review Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)
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Aceable Law of Agency Review Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)
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Aceable Law of Agency Review Questions & Answers 100% Correct!
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Here are the four major types of agency acts: - ANSWERSListing 
Buying 
Leasing 
Property Management 
 
TREC's purpose is to - ANSWERSregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). 
 
Integrity - ANSWERSSatisfy to the commission (TREC) that the candidate meets and exceeds their character standards (honesty, trustworthiness, and integrity). 
 
Competen...
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Texas Principles of Real Estate 1: | Questions and Answers with complete
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Texas Principles of Real Estate 1: Quiz 
Questions 
Special Agent - A real estate agent is an example of what type of agent...? 
Universal Agent 
General Agent 
Special Agent 
Specific Agent 
Market Comparison Approach - A means of comparing similar type properties, which have recently 
sold, to the subject property is known as the...? 
Cost Approach 
Assessment Approach 
Income Approach 
Market Comparison Approach 
Listing Contract - A contract in which a property owner employs a real estate br...
And that's how you make extra money
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Aceable Law of Agency Review exam Questions and Answers 2024
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QUESTIONS AND ANSWERS
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Real Estate U: Texas Real Estate Principles Part 1 Final Exam
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Real Estate U: Texas Real Estate Principles Part 1 Final Exam 
 
 
supply - Correct answer The amount of goods offered for sale within a given market at a given price during a given time period." 
 
"General Agent - Correct answer A property manager is an example of what type of agent?" 
 
"Special Agent - Correct answer A real estate agent is an example of what type of agent?" 
 
"Residential, Commercial, and Industrial - Correct answer The general uses of real property include the follow...
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Texas Real Estate Principles 1 - Unit 1 Exam Questions and Asnswers.
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Texas Real Estate Principles 1 - Unit 1 Exam Questions and Asnswers. 
 
 
The Committee has _____ members appointed by the Commission. - Correct answer 12" 
 
"The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - Correct answer Real Estate License Act" 
 
"A successful career in real estate requires someone to: - Correct answer be a self-started." 
 
"A peak is characterized as the __________ turning point of a...
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FINAL AICE PSYCH EXAM WITH COMPLETE SOLUTIONS
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If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - answer-The salesperson's sponsoring broker 
 
A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - answer-Market Comparison Approach 
 
The market comparison approach is commonly used for this property type? - answer-Residential 
 
The amount of goods offered for sale within a given market at a given price during a given time period is ...
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