Trec national exam Study guides, Class notes & Summaries
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TREC Home Inspector National Exam - 
HVAC complete solution
![121 Principles of Real Estate Latest Final Exam Review.](/docpics/3634448/652d965276e62_3634448_121_171.jpeg)
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121 Principles of Real Estate Latest Final Exam Review.
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121 Principles of Real Estate Latest Final Exam Review. 
1. The listing is always taken in the name of the _________ and becomes 
the property of the 
___________. 
A. Broker—salesperson 
B. Salesperson—seller 
C. Broker—broker 
D. Broker—seller 
(Ans- C. Broker- broker 
A deed is used to transfer ownership of real estate. A bill of sale would be 
used to transfer ownership 
of: 
A. A mortgage 
B. Personal property 
C. A deed of trust 
D. A house and 2 acres of land 
(Ans- B. Personal pr...
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Texas Real Estate Exam-State Portion Questions and Answers Already Passed
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Texas Real Estate Exam-State Portion Questions and Answers Already Passed Who is responsible for the acts of a salesperson? 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, or that he should be furnished with a policy of title insurance shall: d. preclude payment of, or recovery of, any commission agreed to be paid on the sale 
An example...
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AYPO Real Estate Promulgated contracts actual exam questions and answers 2024
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AYPO Real Estate Promulgated contracts actual 
exam questions and answers 2024 
"Psychological stigmas," which involve violent or catastrophic events on a property, fall 
under which category of disclosure? 
a. Required disclosures 
b. Prohibited disclosures 
c. Permitted disclosures 
d. None of these -Answer-c. Permitted disclosures 
If there is a field in a promulgated form for which you have no information to include, 
your safest option is which of the following? 
a. Run a line through it ...
![Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest.](/docpics/3637127/652e4042aa38f_3637127_121_171.jpeg)
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest.
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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 ...
![TN Test 2024 All Questions With 100% Correct Answers](/docpics/5352620/6648ffa0d01d7_5352620_121_171.jpeg)
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TN Test 2024 All Questions With 100% Correct Answers
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TN Test 2024 All Questions With 100% Correct Answers 
 
TN real estate rules and regulations are enforced by? - Answer -TREC 
 
MLS stands for - Answer -Multiple Listing Service 
 
How many hours for pre-licensing affiliate brokers in TN is required - Answer -90 
 
You have ___ many days to cancel a timeshare contract - Answer -15 
 
In TN, whose licenses must be displayed in businesses office - Answer -principal broker and all affiliate brokers 
 
A housing discrimination in TN should be filed ...
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Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers
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Principles 1 Aceable Practice Tests Exam 
Questions with 100% Correct Answers 
What is the money in the Recovery Trust Account used for? 
A) To pay an aggrieved party who has won a judgment against a licensee for damages from a 
real estate transaction 
B) To pay commission that agents were wrongfully deprived of 
C) For taxes for the state of Texas 
D) For TREC to recover the funds to keep their computer systems up to date - answerA) To 
pay an aggrieved party who has won a judgment against a l...
![Champions Real Estate - Principles 1 Exam 2023 (Principles of Real Estate I class study cards) A+ Graded](/docpics/5285839/664213c9169e0_5285839_121_171.jpeg)
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Champions Real Estate - Principles 1 Exam 2023 (Principles of Real Estate I class study cards) A+ Graded
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Champions Real Estate - Principles 1 Exam 2023 (Principles of Real Estate I class study cards) A+ Graded 
brokerage 
the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships 
 
 
The role of a property manager 
Generally responsible for the day to day operations of the property, maintenance, and tenant relations 
 
 
How are home inspectors licensed? 
Home inspect...
![Principles of Real Estate 1- study guide Austin Inst questions and answers](/docpics/3370118/64f60e130b34d_3370118_121_171.jpeg)
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Principles of Real Estate 1- study guide Austin Inst questions and answers
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Texas Real Estate Agent 
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? 
No. 
 
 
 
There are two types of licenses: 
broker's and salesperson's license 
 
 
 
What is the most popular division of the real estate market? 
Residential real estate because there are more transactions in residential in other forms of real estate. 
 
 
 
Residential brokerage in...
![Aceable Law of Agency Review Exam Questions and Answers 100% Solved!!](/docpics/4664123/65e61420794d3_4664123_121_171.jpeg)
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Aceable Law of Agency Review Exam Questions and Answers 100% Solved!!
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TREC's purpose is to -ANSWER- regulate 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 -ANSWER- Satisfy to the commission (TREC) that the candidate meets and exceeds their character standards (honesty, trustworthiness, and integrity). 
 
Competence -ANSWER- Demonstrate competence by passing the licensing exam. 
 
Broker: -ANSWER- An individual licens...
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