Trec board - Study guides, Class notes & Summaries

DEED - ANSWERSThe legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. DEED OF TRUST - ANSWERSA security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. TRUSTEE VS TRUSTOR - ANSWERSA trustee is an individual person given control of property in trust with a legal obligation to administer it solely for the p...

TREC Question and answers rated A+What state agency is responsible for the licensing of real estate appraisers? - correct answer Texas Appraiser Licensing and Certification Board A broker or salesperson who fails to give the statutory title notice to the buyer at or before closing A) will have the license suspended without reinstatement for two years. B) must forfeit the entire commission on the subject transaction but in so doing is absolved of any other liability. C) may have the li...

When may the meaning of law be expanded? A. Only by means of referendum B. After government voting C. When the president signs the law D. When a court hands down a decision regarding a particular law D. When a court hands down a decision regarding a particular law What type of payment may a broker receive in exchange for delivery of services? A. A fee B. A salary C. A retainer D. Any of them D. Any of them What action is often used to define specific aspects of newly created l...

Champions School of Real Estate1 Principles Questions 2024.3 Physical Characteristics of Land - ANSWER Indestructibility or durability Immobility Non homogeneity Mortgage Lending - ANSWER business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - ANSWER Residential Mortgage Lenders Originator Property Management - ANSWER Management of residential and commercial properties on behalf of owner/...

real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023 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 ...

real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023 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 ...

Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property ...

real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023 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 ...

Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property ...

Texas Real Estate Exam; STATE portion questions and answers 100% guaranteed success. How many members in TREC? - correct answer. 9: 3 general public, 6 brokers Who appoints, confirms TREC members? - correct answer. Governor appoints, senate approves How many members on the Broker-Lawyer Committee? - correct answer. 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members? - correct answer. Brokers/TREC, Lawyers/Pres of State Bar...