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Texas Real Estate Bundle Package
Texas Real Estate Bundle Package
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[Show more]brokerage CORRECT ANSWER The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. 
 
real estate broker CORRECT ANSWER A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or o...
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Add to cartbrokerage CORRECT ANSWER The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. 
 
real estate broker CORRECT ANSWER A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or o...
Trec Commission Membership CORRECT ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) 
 
General Eligibility Requirements to be Licensed by TREC CORREC...
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Add to cartTrec Commission Membership CORRECT ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) 
 
General Eligibility Requirements to be Licensed by TREC CORREC...
Amortization CORRECT ANSWER The liquidation of a financial obligation on an installment basis; also, recovery over a period of cost or value. 
 
Area CORRECT ANSWER Two dimensional surface of an object 
 
Interest and how its calculated CORRECT ANSWER Total loan value * interest rate = Total Interes...
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Add to cartAmortization CORRECT ANSWER The liquidation of a financial obligation on an installment basis; also, recovery over a period of cost or value. 
 
Area CORRECT ANSWER Two dimensional surface of an object 
 
Interest and how its calculated CORRECT ANSWER Total loan value * interest rate = Total Interes...
Apartment Locator CORRECT ANSWER a real estate license holder who locates dwelling units for prospective tenants 
 
Tenant CORRECT ANSWER one who possesses a property under lease without ownership 
 
Broker CORRECT ANSWER someone who assists in buying and selling to receive a commission 
 
Client CO...
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Add to cartApartment Locator CORRECT ANSWER a real estate license holder who locates dwelling units for prospective tenants 
 
Tenant CORRECT ANSWER one who possesses a property under lease without ownership 
 
Broker CORRECT ANSWER someone who assists in buying and selling to receive a commission 
 
Client CO...
Trec Commission Membership CORRECT ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) 
 
General Eligibility Requirements to be Licensed by TREC CORREC...
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Add to cartTrec Commission Membership CORRECT ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) 
 
General Eligibility Requirements to be Licensed by TREC CORREC...
Trec Commission Membership CORRECT ANSWER ___________________ has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER ________________ has 13 Members (6 brokers, 6 lawyers, 1 public) 
 
Licensed by TREC ...
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Add to cartTrec Commission Membership CORRECT ANSWER ___________________ has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. 
 
Texas Real Estate Broker Lawyer Committee CORRECT ANSWER ________________ has 13 Members (6 brokers, 6 lawyers, 1 public) 
 
Licensed by TREC ...
Real Property CORRECT ANSWER land, Improvements attached to the land, and the rights to use them 
 
Personal Property CORRECT ANSWER right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE 
 
Fixture CORRECT ANSWER Personal Property at...
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Add to cartReal Property CORRECT ANSWER land, Improvements attached to the land, and the rights to use them 
 
Personal Property CORRECT ANSWER right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE 
 
Fixture CORRECT ANSWER Personal Property at...
The fact that an individual must go to the land describes which of the characteristics of land? CORRECT ANSWER IMMOBILITY 
 
John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? CORRECT ANSWER TENANCY...
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Add to cartThe fact that an individual must go to the land describes which of the characteristics of land? CORRECT ANSWER IMMOBILITY 
 
John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? CORRECT ANSWER TENANCY...
Who is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? CORRECT ANSWER The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency...
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Add to cartWho is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? CORRECT ANSWER The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency...
When was TREC created? CORRECT ANSWER 1947 
 
TREC has the authority to.. CORRECT ANSWER make rules and regulations. It's rules and laws govern license holders 
 
TREC has how many commission members? CORRECT ANSWER 9 members, 3 represent the general public and 6 are real estate brokers 
 
TREC has...
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Add to cartWhen was TREC created? CORRECT ANSWER 1947 
 
TREC has the authority to.. CORRECT ANSWER make rules and regulations. It's rules and laws govern license holders 
 
TREC has how many commission members? CORRECT ANSWER 9 members, 3 represent the general public and 6 are real estate brokers 
 
TREC has...
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