Trec state - Study guides, Class notes & Summaries

TREC STATE EXAM QUESTIONS AND ANSWERS

TX-Brokerage (SAE) Questions with correct Answers 2024 The _____ is required to ascertain that Brokers are aware of all of their responsibilities. Texas Real Estate Commission The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker's responsibilities and obligations under 22 TAC §535.2. Broker Responsibility MCE Who Must Ta...

Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...

1. TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder for up to $4,000. (b) TREC can immediately revoke the license of the license holder without a hearing. (c) TREC can file suit with the Attorney General to enforce the subpoena. (d) TREC can ...

1. TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder for up to $4,000. (b) TREC can immediately revoke the license of the license holder without a hearing. (c) TREC can file suit with the Attorney General to enforce the subpoena. (d) TREC can ...

When was TREC Created? - Answer- 1939 What Does TREC have the authority to do? - Answer- Make rules and regulations How many members are in TREC - Answer- 9 Members 6 Brokers 3 General Public How are TREC members appointed? - Answer- By the governor or senate What happens if a License Holder fails to respond to a subpoena - Answer- TREC can file a suit with the attorney general Who writes promulgated contract forms - Answer- The broker Lawyer Committee How many members are o...

TREC State Exam Practice questions with correct answers

An individual is exempt from being required to have a real estate license in Texas when performing which one of the following activities? - Answer- Offering an employer's property for rent The Texas Real Estate Commission is composed of - Answer- six brokers and three public members appointed by the governor with senate approval All of the following are true about discount points EXCEPT: - Answer- Discount points must be part of all contracts A real estate licensee must use a TREC prom...

Deficiency A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection Process of examining accessible items, and reporting their condition RESPA Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. Departure Provision The inspector may not inspect an item if the ...

Which of the following has the authority to suspend or revoke a Texas real estate license? - correct answer TREC Which of the following is an element of a listing agreement? - correct answer the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - correct answer salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the br...