Real Estate License Class 1 => Chapter 9 Complete Exam Questions With Correct Detailed Answers.
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Course
NA 701
Institution
NA 701
The Texas Real Estate Commission (TREC) is a group of ____ appointed people who regulate real estate activity and licensees in Texas to ensure laws are followed and consumers are protected. - correct answer nine
____ enforces the rules and regulation...
The Texas Real Estate Commission (TREC) is a group of ____ appointed people who regulate real estate
activity and licensees in Texas to ensure laws are followed and consumers are protected. - correct
answer nine
____ enforces the rules and regulations laid out in ____ . - correct answer
TREC
TRELA
The ____ is a law that governs the licensing, education, and activities of real estate license holders
practicing brokerage in Texas. - correct answer Texas Real Estate License Act
(TRELA)
In ____ , the Texas Legislature passed the Texas Real Estate License Act to govern the licensing and
practice of real estate in Texas. - correct answer 1939
Today, TRELA is a part of the ____ , Chapter 1101. - correct answer Texas
Occupations Code
In order to enforce the provisions of TRELA, the Texas Legislature created the Texas Real Estate
Commission (TREC) in ____ - correct answer 1949 (10 years later)
TREC's purpose is to oversee the ____ - correct answer licensing, education
requirements, and ethical standards
TREC has the authority to adopt and enforce ____ - correct answer rules for
governing real estate practitioners.
, TREC regulates all of the following individuals:
____ - correct answer Real estate inspectors 🔎
Easement/right-of-way agents 🛣
Education providers for real estate & inspection courses 📚
Developers of timeshares ⛱
Residential service companies 🏠
Real estate brokers and sales agents 🕵️
"Broker": (A) means a person who,____ - correct answer in exchange for a
commission or other valuable consideration or with the expectation of receiving a commission or other
valuable consideration
"Real estate" means ____ - correct answer any interest in real property,
including a leasehold, located in or outside this state.
"Sales agent" means ____ - correct answer a person who is sponsored by a
licensed broker for the purpose of performing an act described by Subdivision (1).
A person is not engaged in real estate brokerage, regardless of whether the person is licensed under this
chapter, based solely on engaging in the following activities: - correct answer
(1) constructing, remodeling, or repairing a home or other building;
(2) sponsoring, promoting, or managing, or otherwise participating as a principal, partner, or financial
manager of, an investment in real estate; or
(3) entering into an obligation to pay another person that is secured by an interest in real property.
A person who is employed to rent land by the owner needs a real estate license T/F - correct answer
FALSE. A person who is employed to sell or rent land and/or structures by the owner does not need a
real estate license.
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