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Texas Real Estate Bundle Package

Texas Real Estate Bundle Package

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Texas Principles of Real Estate 1 questions with correct answers

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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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Texas Real Estate Principles 1 questions with correct answers

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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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Texas Principles of Real Estate 2 |224 questions with correct answers

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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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Texas Pre-License-Principles of Real Estate 1 |1018 questions| with correct answers

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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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Texas Real Estate Principles 1 questions with 100% correct answers

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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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Texas "Principles 1" (study & HW) Champions School of Real Estate study guide questions with correct answers

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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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Texas Real Estate State Exam State Exam Prep Material questions with correct answers

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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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Texas Real Estate Salesperson Exam practice questions with correct answers

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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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Texas State Portion Real Estate Exam|185 questions| with correct answers

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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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Texas Real Estate State Exam |102 questions| with correct answers

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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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