LCN301 LAW OF CONTRACT ASSIGNMENT QUESTIONS WITH CORRECT WELL EXPLAINED ANSWERS 100% VERIFIED AS CORRECT LATEST UPDATE 2024 GRADED A+

LCN301 LAW OF CONTRACT ASSIGNMENT QUESTIONS WITH CORRECT WELL EXPLAINED ANSWERS 100% VERIFIED AS CORRECT LATEST UPDATE 2024 GRADED A+ 1. How many commissioners are on the Texas Real Estate Commission? a. 9 b. 6 c. 12 d. 13 A 2. Who appoints the TREC commissioners? a. House of representatives b. Senate c. Lt. governor D. governor D 3. What is the term for a TREC commissioner? a. Staggered two-year terms b. Members are on staggered four-year terms with the chairperson appointed to a ten-year term c. Staggered six-year terms d. Staggered four-year terms C 4. What is one of the purposes of the Texas Real Estate License Act? a. All of these b. Regulation of licensed real estate inspectors c. Regulation of licensed real estate brokerage practitioners d. Regulation of residential service companies A 5. Which of the following real estate-related entities has rule-making authority in the state of Texas? a. Attorneys b. The Real Estate License Act c. All of these d. The commission D 6. What effect do the rules made by the commission have on license holders? a. The rules have full force and effect of law. b. Any violation of the rules must be turned over to the state attorney general for investigation. c. Any violation of the rules results in license revocation. d. Any violation of the rules results in administrative fees. A 7. What is the main purpose of the Texas Real Estate Commission? a. All of these b. To protect REALTORS® c. To protect the public