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Texas Real Estate Exam Question and answers verified to pass R248,23   Add to cart
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Exam (elaborations)

Texas Real Estate Exam Question and answers verified to pass
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Texas Real Estate Exam Question and answers verified to pass TREC purpose - correct answer to protect general public in dealing with licensees TREC Composition - correct answer 1) 9 members appointed by governor with advice and consent of Senate 2) 6 must be licensed brokers; 3 must be me...

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  • July 20, 2024
  • 63
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • texas real estate exam
  • texas real estate exam question and answers verifi

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  • Real Estate Brokerage
  • Real Estate Brokerage

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Texas Real Estate Exam - State
Texas Real Estate Exam - State
2024/2025 TREC purpose - correct answer ✔to protect general public in dealing with licensees
TREC Composition - correct answer ✔1) 9 members appointed by governor with advice and consent of Senate
2) 6 must be licensed brokers; 3 must be members who represent the public; all must be voters
3) Public members may not generally be associated with the Commission or the entities it regulates
4) Commissioners serve staggered 6-year terms
TREC Duties and Powers - correct answer ✔1) Fulfill the purpose of, administer, and adopt rules to enforce Chapter 1101 and 1102
2) Adopt rules and standards for rental locator advertising
3) Establish standards of conduct and ethics for licensees
4) Charge and collect business-related fees
5) Adopt rules requiring the use of standard contract forms
6) Manage prelicense and CE education
7) Regulate business activities of licensees 8) Discipline violators of license law
9)Can reprimand, censure licensees and suspend or revoke licenses
TREC DOES NOT - correct answer ✔1) mediate disputes among and between licensees
2) involve itself with compensation disputes among licensees
3) recommend certain licensees to the public
Real Estate Advisory Committees(ESAC) - correct answer ✔1) TREC may appoint advisory committees to perform various advisory functions
2) Non-commission members cannot be paid for committee participation
3) The TREC-established Education Standards Advisory Committee reviews and revises real estate education standards, content, delivery and faculty certification
TREC - handling complaints; investigatory procedures - correct answer ✔1) Any complaint against a sales agent also constitutes a claim against the sponsoring broker: both will be investigated as to any violation
2) If the complaint is against sales agent, the broker will be investigated as to whether the broker's responsibilities were properly upheld 3) Similarly, any complaint naming an entity or a sales agent working for the entity also becomes a complaint against the designated broker
4) Once a complaint is filed, Commission considers, investigates, and decides
whether to take action. The complaint cannot be withdrawn without Commission consent
5) If an inquiry leads to the likelihood of additional infractions, the Commission
may investigate those as well, regardless of any accusations or complaints
TREC - handling complaints, suspension or revocation implications - correct answer ✔1) The Commission has the authority to suspend or revoke a license and monitor compliance with any order against the licensee
2) Licensees with suspended licenses may not perform or advertise to perform brokerage activities
3) Licensees who will be suspended must - no later than the third day before the suspension -
Notify their broker in writing of the suspension, if a sales agent
4) Notify their sponsored agents that: a) The license will be suspended b) Brokerage activity will be suspended
5) Licensees with impending suspensions must also notify parties to any service contract or transaction, including other brokers, that all brokerage activity will cease during the suspension period

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