Trec state exam - Study guides, Class notes & Summaries

Champions real estate principles of real estate 1 in 2022 latest updatebrokerage - correct answer A business that pertains to overseeing the needs of the parties and completing a transaction they may or may not involve agency relationships Real Estate Development - correct answer Involves the acquisition of land for development into residential subdivisions, retail centers and other commercial uses. immobility - correct answer It's a physical characteristic of land that cannot be moved ...

Texas Real Estate State Exam Questions and Answers 100% Pass When was TREC created? 1947 TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. subpoena books, records, and witnesses and issue and revoke real estate licenses If your license is revoked by TREC... You can appeal the decision to the district court Who...

What is the name of the Tennessee real estate regulatory body? a) Division of the Tennessee Real Estate B) Tennessee Real Estate Commission C) Board of Real Estate Regulators D) Tennessee Real Estate Board B How many members are on the Tennessee Real Estate Commission? A) 10 B) 9 C) 5 D) 15 B How many years may they serve? a) 3 years b) 5 years c) 6 years d) 4 years b What is the purpose and mission of TREC? a) to license and regulate real estate brokers and ...

Purpose of the Tennessee Real Estate Commission aka. TREC Their mission is to protect the public. The commission may enact and enforce bylaws, rules and regulations that are reasonably necessary. Number of Members in TREC 9 Required Member Demographics The governor appoints 7 members who are brokers and/or affiliate brokers. 2 non-licensee members are selected to serve on the commission who must be from different divisions (i.e. east, west, or middle). Also must have at least 1 ...

Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 1. a: Townhomes and single-family homes differ in that a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not o...

AYPO Law of Agency 2024 ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT) | A+ GRADE ASSURED The Original Legislation: The Real Estate Dealers Act of 1939 main piece of Texas law governing the licensing and behavior of real estate professionals in the state. The Real Estate License Act (TRELA) Licensing Duties were added in: 1955 Broker license was changed from 2 years in the 36 month before the application to: 4 Years in the 60 months before application TREC is the ag...

TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) TREC has 30 days to complete the background check (c) TREC has 30 days to notify Mary of a decision to disapprove her application (d) Mary has 10 days to appeal a denial of her application - False: TREC has ...

TREC-State Exam Prep 2023-2024 with Complete SolutionsTREC-State Exam Prep 2023-2024 with Complete SolutionsTREC-State Exam Prep 2023-2024 with Complete Solutions Business should be conducted in a manner which: (a) Maintains maximum profitability to the inspector (b) Assures the client of the inspector's independence from outside influences (c) Presents a neat and clean appearance (d) Compromises the inspector's ability to render fair and impartial opinions - ANSWER-Assures the cl...

Champions Texas RE Study Questions and Answers Graded A 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? TREC can file suit with the Attorney General to enforce the subpoena. A license holder in violation of the TRELA has received a summons from TREC that a hearing will be held regarding the possible revocation or su...

Texas Real Estate Exam STATE Portion Already Graded A How many members in TREC? 9: 3 general public, 6 brokers Who appoints, confirms TREC members? Governor appoints, senate approves How many members on the Broker-Lawyer Committee? 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members? Brokers/TREC, Lawyers/Pres of State Bar, Public Member/Governor Where is the Real Estate Advisory Committee? Texas A & M Who is on the Real Estate Advisory Committee? 10 membe...