Trec texas - Study guides, Class notes & Summaries
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Aceable Law of Agency Review Exam Questions with 100% Correct Answers
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Aceable Law of Agency Review Exam 
Questions with 100% Correct Answers 
Here are the four major types of agency acts: - answerListing 
Buying 
Leasing 
Property Management 
TREC's purpose is to - answerregulate educational and licensing programs that maintain 
standards AND interpret legislation that affects the real estate profession — primarily the Texas 
Real Estate License Act (TRELA). 
Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds 
their characte...
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Champions Law of Agency – exam 2024 with 100% correct answers
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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...
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Exam: Law of Agency – Champions | 60 Questions with 100% Correct Answers | Latest Update 2024 | Verified
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Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC 
Which of the following is an element of a listing agreement? - 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? - salesperson 
is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
the TAR buyer representation agreement in or te...
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TREC Promulgated Contract Forms #351 Final Exam 2023
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In the State of Texas who is allowed to use a customized real estate contract? 
The real estate brokerage company 
The salesperson 
The broker 
Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas 
 
Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. 
Offer and acceptance issue 
Competency issue 
Consideration iss...
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Exam: Law of Agency – Champions/60 Questions and Answers
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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 broke...
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions
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Champion School of Real Estate-Law of Contracts Exam with Complete Solutions 
 
Texas Real Estate Commission - ANSWER TREC-created by the Legislature in 1949. 9 member commission whose primary purpose is to carry out the provision of the License Act 
 
Real Estate Recovery Trust Account - ANSWER administered by TREC. the purpose of the account is to protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders 
 
unlawful practice of law - ANSWER license holder is...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023. 
 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
B 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilateral 
 
(...
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Aceable Agent Texas Real Estate Principles I questions and answers
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Broker's Price Opinion (BPO) 
A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property 
 
 
 
Closing 
The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount 
 
 
 
Comparative Market Analysis (CMA) 
A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... 
 
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 brok...
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Real Estate U Texas Law of Agency(5)
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The acronym TRELA stands for which of the following...? 
Texas Real Estate License Association 
Texas Real Estate License Act 
Texas Real Estate Legal Act 
Texas Real Estate Legislation Act - Answer- Texas Real Estate License Act 
 
The rules and regulations regarding real estate licenses in Texas are described in which of the following...? 
Texas Real Estate License Act 
Texas Real Estate Law 
Texas Bureau of Real Estate 
Article 12-A of the State Real Estate Law - Answer- Texas Real Estate Lic...
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