Texas home inspector Study guides, Class notes & Summaries

Home inspector - ANSWER-A professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWER-(Physical durability) Land is permanent. It can not be destroyed. Fixity - ANSWER-Land can not be moved. Geographic characteristic. situs - ANSWER-Desirability of a location. Economic preference for a location. Real Estate Law basis - ANSWER-All RE law begins with ...

TREC Home Inspector Exam 2023-2024 Questions and Answers 100% CorrectTREC Home Inspector Exam 2023-2024 Questions and Answers 100% CorrectTREC Home Inspector Exam 2023-2024 Questions and Answers 100% CorrectTREC Home Inspector Exam 2023-2024 Questions and Answers 100% Correct What is the maximum TREC will pay? - ANSWER-$12,500 per transaction; $30,000 for each licensee Number of members on TREC? - ANSWER-9; 6 Brokers / 3 Public. The each serve staggered years. How many members are on the ...

Texas Pre-License - Principals of Real Estate I (Aceable) Exam 2023/2024 commercial property - ANSWER-A real estate specialty. Commercial property includes: Office buildings, Retail Stores, gas stations Industrial property - ANSWER-Includes commercial property used for: manufacturing, storage, distribution centers, research, warehousing Home inspector - ANSWER-A professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a bu...

Home Inspector Professional Liability Insurance Requirement Section - Answer 535.211 Real Estate Inspectors Sub chapter - Answer R TREC Standards of Practice Location - Answer 535.227 - 535.332 How many members are on the Texas Real Estate Committee? - Answer 9 How many members of the Texas Real Estate Inspector Committee may be Professional Inspectors? - Answer 6 Inspector Members of the Texas Real Estate Inspector committee may serve how long? - Answer staggered six-year terms ...

Principles of Real Estate #1 Questions 2024. Texas Real Estate Agent - ANSWER A person who is licensed through TREC. Texas Real Estate Commission Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? - ANSWER No. There are two types of licenses: - ANSWER broker's and salesperson's license What is the most popular division of the real estate market? - ANSWER Residential real estate because there are more transactions in residen...

Top 3 Most Common Home Defects CORRECT ANSWER 1. Moisture Damage/ Drainage 2. Roofing 3. Heating/Cooling Defects True or False: Licensed real estate inspectors have continuing education requirements. CORRECT ANSWER True True or False: TREC has the authority to fine, suspend or revoke the license of an inspector. CORRECT ANSWER True True or False: Real estate inspectors in Texas are not required to carry errors and omissions insurance CORRECT ANSWER False True or False: Inspectors i...

commercial property - ANSWERSA real estate specialty. Commercial property includes: Office buildings, Retail Stores, gas stations Industrial property - ANSWERSIncludes commercial property used for: manufacturing, storage, distribution centers, research, warehousing Home inspector - ANSWERSA professional (that requires their own licensing) who performs a visual assessment of a property's physical condition for a buyer or seller. Prepares report of findings. Indestructibility - ANSWERS(P...

Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Correct Answers 2024 Deficiency - Answer -A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection - Answer -Process of examining accessible items, and reporting their condition RESPA - Answer -Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consu...

Top 3 Most Common Home Defects 1. Moisture Damage/ Drainage 2. Roofing 3. Heating/Cooling Defects True or False: Licensed real estate inspectors have continuing education requirements. True True or False:TREC has the authority to fine, suspend or revoke the license of an inspector. True True or False:Real estate inspectors in Texas are not required to carry errors and omissions insurance False True or False:Inspectors in the state of Texas are allowed to give wa...