100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Texas Real Estate Exam (State Portion): Commission Duties and Powers. Exam Questions With Revised Answers $10.49   Add to cart

Exam (elaborations)

Texas Real Estate Exam (State Portion): Commission Duties and Powers. Exam Questions With Revised Answers

 5 views  0 purchase
  • Course
  • Texas Real estate
  • Institution
  • Texas Real Estate

Texas Real Estate Exam (State Portion): Commission Duties and Powers. Exam Questions With Revised Answers 1939 - answerTexas Real Estate (Dealers) License Act makes it illegal to sell real estate without a license 1949 - answerTRELA (Texas Real Estate Licensing Act) was passed creating TREC (T...

[Show more]

Preview 1 out of 3  pages

  • September 8, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Real estate
  • Texas Real estate
avatar-seller
Brightstars
©THEBRIGHTSTARS 2024




Texas Real Estate Exam (State Portion):
Commission Duties and Powers. Exam
Questions With Revised Answers

1939 - answer✔✔Texas Real Estate (Dealers) License Act makes it illegal to sell real estate
without a license

1949 - answer✔✔TRELA (Texas Real Estate Licensing Act) was passed creating TREC (Texas
Real Estate Commission)

TREC (Texas Real Estate Commission) - answer✔✔Created in 1949 consisting of 9
commissioners:
6 brokers with 5+ years experience, 3 general public
Appointed by the Governor for 6 years
Approved by 2/3 of the Senate
Coded TRELA as Title 7 of Occupational Code:
Chapter 1101- activities of brokers and sales assoc.
Chapter 1102- license and law of RE inspectors

TREC duties/ powers - answer✔✔make rules and regulations, full force and effect of law,
protect public, inspect/accredit education programs, advise with reference to laws administered,
NOT mediate between disputes, NOT recommend licensees, conduct hearings/final decisions in
contested cases, suspend/revoke licenses in violation of Act or rule

Real Estate Broker Lawyer Committee - answer✔✔draft/revise TREC promulgated contracts
13 members: 6 by commission, 6 state bar appointed by Pres., 1 public member appointed by
Governor
staggered 6 year terms: 2 commission appointees, 2 state bar appointees (expires every 2 years)

Advisory Committee - answer✔✔may not receive compensation for but may be reimbursed for
actual and necessary expenses

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart