Trec board - Study guides, Class notes & Summaries

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 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 comme...

Aceable Agent - Law of Contracts Question and answer 2023 verified DEED The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. DEED OF TRUST A 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 A trustee is an individual person given control of property in trust with a...

Champions School of Real Estate-Principles of Real Estate I Exam with 100% correct solutions 3 Physical Characteristics of Land - answerIndestructibility or durability Immobility Non homogeneity Mortgage Lending - answerbusiness of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - answerResidential Mortgage Lenders Originator Property Management - answerManagement of residential and commercial pr...

Principles of RE 1- TEXAS| Q&A 2024 A person appointed to the TREC is - ️️ - entitled to reimbursement for the travel expenses incurred in attending required training programs. - Which of the following statements best defines the concept of procuring cause? - ️️ - The party who initiated and carried through the sequence of events that leads to a successful transaction How do ethical questions influence on arbitration hearings? - ️️ - they are irrelevant According to the most s...

TREC contract forms & their uses - These contract forms expedite real estate transactions and reduce controversies while containing safeguards adequate to protect the interest of the principals to the transaction TREC has promulgated sales contract forms for most residential properties, including: 1. One-to-Four Family Contract (Resale) 2. New Home Contract (Incomplete Construction) 3. New Home Contract (Completed Construction) 4. Unimproved Property Contract 5. Residential Condominium Contr...

Promulgated Contracts Exam 2023 (Answered) Accessories in the real estate contract - definition, features, disposition PARAGRAPH 2.(C) Describes accessories, which, while not necessarily permanently installed or built-in, are commonly conveyed to the buyer in the sale Window air conditioning units, stove, fireplace screen, curtains and rods, blinds, window shades, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, artificial fireplace logs, an...

Professional Home Inspector Exam NHIE / TREC #2 Questions and Answers Rated A What type of roof requires on interlayment of felt between courses? a. Wood shakes b. Roll roofing c. Wood shingles d. Slate shingles a. Wood shakes In an older home, a forced hot air furnace is replaced by a heat pump. The heat coming out of the register is: a. Hotter b. Cooler c. Same d. Depends on the air duct layout Cooler When inspecting kitchen cabinets: a. Observe that they are securely attached...

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 license suspended or revoked and cannot ...

a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these D.) All of these The least important factor affecting demand for real estate is: A.) Population Growth...

Law of Agency Unit 1 Questions and Answers 100% Pass If a buyer hires a broker under a buyer representation agreement, the principal is the: buyer. If a seller signs a listing agreement with a broker, the ________ is the listing agent. broker There is no third party customer in ________ representation. intermediary The role each party (client, broker, or customer) has in the agency relationship is determined by the type of ________ used. employment agreement Listing Agents must: work with a...