Trec purpose Guías de estudio, Notas de estudios & Resúmenes

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...

The inspector is not required to determine ____ ___ of any system or component. - Answer- -Years of age -Life expectancy -Make model Horizontal waste pipe should slope ____ inch per foot - Answer- 1/4" per foot if < 3 inch pipe. 1/8" per foot if > or = to 3 inch pipe Drip screed - Answer- Also called weep screed. Used at the base/bottom of stucco walls to release moisture. Pressure Vacuum Breaker (PVB) - Answer- Used for Backflow Prevention. Lawn Irrigation systems: install...

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years b What is the purpose and mission of TREC? a) to license and regulate real estate brokers and ...

unlawful practice of law correct answersWhen license holders add provisions to contracts that go beyond factual business details. Texas Real Estate Commission correct answersTexas Real Estate Commission (TREC) was created by the Legislature in 1949. It is a nine-member commission whose primary purpose is to carry out the provisions of the License Act. Commission members are appointed by the governor and approved by the Senate. Each serves for a six-year term, except the chairman of the Comm...

What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of rent is inseparable from the duty to maintain the premises. Anyon...

Purpose of the Tennessee Real Estate Commission aka. TREC Their mission is to protect the public. The commission may enact and enforce bylaws, rules and regulations that are reasonably necessary. Number of Members in TREC 9 Required Member Demographics The governor appoints 7 members who are brokers and/or affiliate brokers. 2 non-licensee members are selected to serve on the commission who must be from different divisions (i.e. east, west, or middle). Also must have at least 1 ...

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 ...

Law of Agency - Champions School of Real Estate Latest Update Graded A+ The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents...

Champions School of Real Estate Law of Agency – Questions and Answers Already Passed The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscr...

The principal is also known as - correct answer client fiduciary relationship - correct answer a relationship founded on trust and confidence Agency Relationship - correct answer Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal - correct answer is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA - correct answer Was passed 1939. The purpose is to protect the public against unscr...