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TREC State. 4 - Agency/Brokerage. Questions and answers. Graded A+. VERIFIED.

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TREC (State Exam) Questions and answers, VERIFIED.

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TREC (State Exam) Questions and answers, VERIFIED. When was TREC Created? - -1939 What Does TREC have the authority to do? - -Make rules and regulations How many members are in TREC - -9 Members 6 Brokers 3 General Public How are TREC members appointed? - -By the governor or senate...

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TREC State Exam Practice questions & Answers, 100% Accurate. Graded A+

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TREC State Exam Practice questions & Answers, 100% Accurate. Graded A+ 1. 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?...

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TREC Exam Questions and answers, 100% Accurate. Rated A+

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TREC Exam Questions and answers, 100% Accurate. Rated A+ What year was the License Act passed? And when was TREC created? - Passed: 1939 Created: 1949 How many members does TREC consist of? - 9; 6 commission, 3 represent gen public T/F Only TREC has the power to issue or revoke Real Esta...

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TREC, Top Exam Questions and answers, 100% Accurate. Graded A+

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TREC, Top Exam Questions and answers, 100% Accurate. Graded A+ TREC Purpose - To protect general public in dealing with licensee TREC composition - 9 members appointed by the governor, 6 must be licensed brokers, 3 must be members who represent the public, all must be voters, public members ...

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TREC National Exam Questions and answers, 100% Accurate. Graded A+

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TREC National Exam Questions and answers, 100% Accurate. Graded A+ A lead paint disclosure is required for all properties built before what year? - -1978 For how many years must a seller keep a copy of the lead paint disclosure he provided to the buyer? - -3 years Civil Rights Act Of 1866...

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TREC tEST Questions and answers, Graded A+

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TREC tEST Questions and answers, Graded A+ Under the Texas Real Estate License Act, persons required to hold a license include a(n) - -real estate broker operating out of her home. The Texas Real Estate Commission (TREC) is composed of how many members? - -Nine A brokerage firm works wit...

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TREC Exam Questions and answers, graded A+. latest update

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TREC Exam Questions and answers, graded A+. latest update CHAPTER 1 - -INTRODUCTION TO MODERN REAL ESTATE Difference between a real estate broker and a real estate salesperson - -A broker acts as agent of buyer/seller negotiating sale/purchase rental of real property Salesperson conducts ...

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TREC Licensing Test Questions and answers, 100% Accurate. Rated A+

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TREC Licensing Test Questions and answers, 100% Accurate. Rated A+ Abstract of Title - -The condensed history of a title to a particular parcel of real estate, consisting of a summary of the oringial grant and all subsequent conveyances and encumbrances affecting the property and a certificatio...

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TX Real Estate Exam - TREC & Licensing Exam Questions and answers. Graded A+

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TX Real Estate Exam - TREC & Licensing Exam Questions and answers. Graded A+ C - Which of the following is true regarding the Texas Real Estate Commission? A) Commissioners serve staggered 3-year terms. B) Nine members are elected to 6-year terms. C) Three members must represent the pu...

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TREC Top Exam Questions and answers, 100% Accurate. Rated A+

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TREC Top Exam Questions and answers, 100% Accurate. Rated A+ License Act of 1973 - -Governs RE practice in TN What does trec stand for - -Tennessee real estate *commissiion* What department is the TREC in - -department of commerce and insurance develop rules & regulations to enforce Li...

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TREC Texas, Exam Questions and answers, rated A+

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TREC Texas, Exam Questions and answers, rated A+ TREC - -Texas Real Estate Commission (1949) - 6 broker members and 3 public members - created to administer the provisions of the TRELA - they promulgate contract forms for the licensees. TRELA - -The Texas Real Estate License Act - passed in ...

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TREC State Questions & Accurate answers, graded A+

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TREC State Questions & Accurate answers, graded A+ An individual is exempt from being required to have a real estate license in Texas when performing which one of the following activities? - -Offering an employer's property for rent The Texas Real Estate Commission is composed of - -six bro...

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TREC-State Portion Study Guide-Complete Terms List. Questions and answers. Rated A+

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TREC-State Portion Study Guide-Complete Terms List. Questions and answers. Rated A+ I. Commission Duties and Powers (Sale Agent-2, Broker-3 Questions) A. General Powers: Composition, Duties, and Powers; Real Estate Broker-Lawyer Committee B. Investigations and Subpoena Power: Investigations...

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TREC FAQ, Top Exam Questions and answers, rated A+

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TREC FAQ, Top Exam Questions and answers, rated A+ How do I request inactive status for my sales agent license? - -Request inactive status online at no cost by following the instructions below: *Log into our Online Services *Choose to Manage my Sponsorship (Sales) *Proceed to "Terminate" t...

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TREC Law of Agency. Top Exam Questions and answers, rated A+

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TREC Law of Agency. Top Exam Questions and answers, rated A+ A broker is not allowed to commingle funds. Commingle means: - -To place the client's money in the broker's account (An agent may have his license suspended because he commingles funds.) The relationship that exists between the ...

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Texas Real Estate Commission (TREC), Questions and answers, 100% Accurate.

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Texas Real Estate Commission (TREC), Questions and answers, 100% Accurate. TREC was created in ______ to: - -1949 - administer the provisions of the License Act TREC has the authority to: - make rules and regulations, and can advise with reference to its rules and laws that govern license h...

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TREC-State Exam Prep Questions and answers, 100% Accurate. VERIFIED.

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TREC-State Exam Prep Questions and answers, 100% Accurate. VERIFIED. 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 appear...

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TREC vocabulary Exam Review questions sections.

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TREC vocabulary Exam Review questions sections. code of ethics - TRELA - The Texas Real Estate License Act- passed by legislation to protect the public REALTOR® - A license holder who is a member of the National Association of REALTORS® (NAR) Sunset Act - a law establishing a proce...

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TREC Legal I update Exam Questions & Answers. Graded A+

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TREC Legal I update Exam Questions & Answers. Graded A+ Mario is the buyer under a purchase contract. Mario may advertise the property for sale without a real estate license__________ - -b. if he discloses that he is selling an equitable interest in the property. Which of the following could...

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Course 1: TREC LEGAL UPDATE 1 #33796, Top Exam Questions and answers, rated A+

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Course 1: 2020-2021 TREC LEGAL UPDATE 1 #33796, Top Exam Questions and answers, rated A+ As a result of TREC's 2019 Sunset Review... - -TREC is required to dismiss a complaint if it determines the complaint is inappropriate or without merit. The amendments to Rule §535.148 (Receiving an Un...

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TREC form 1 Questions and answers, 100% Accurate. Graded A+

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TREC form 1 Questions and answers, 100% Accurate. Graded A+ When is the TREC form one used for - 1. report a licensee's or firm's change of name or address 2. release an affiliate broker 3. report a transfer to a new firm 4. change of license status (active, inactive, or retired) ...

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TREC- Promulgated Contracts, Top Exam Questions and answers, VERIFIED.

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TREC- Promulgated Contracts, Top Exam Questions and answers, VERIFIED. Owner-Provided Contract Forms - -There is, however, one exception to this rule. When it comes to contracts for property sales or leases, license holders must use the appropriate TREC-promulgated form UNLESS another contract ...

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TREC - FAQ Study. Questions and answers, 100% Accurate. GRADED A+

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TREC - FAQ Study. Questions and answers, 100% Accurate. GRADED A+ Does TREC consider a logo that contains the broker's full name sufficient for the broker name requirement? - -Yes, as long as the size of the broker's name itself (not the whole logo) is at least ½ the size of the largest cont...

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TREC Laws, Rules, and Policies, Top Exam Questions and answers, RATED A+

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TREC Laws, Rules, and Policies, Top Exam Questions and answers, RATED A+ Expired license reinstatement policy-- - -allows avoidance of late penalties with a medical excuse; establishes penalties ranging from $50 per month up to $1500; must reapply as a new licensee after one year. Lapsed Err...

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TREC State Exam 3, Top Questions and answers, rated A+

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TREC State Exam 3, Top Questions and answers, rated A+ An unlicensed assistant prospects for leads for their agent employer. Who could be fined and/or have a licensed suspended or revoked by TREC? - The unlicensed assistant, agent and sponsoring broker When is the termination option fee in the...

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TREC Commission Duties and Powers. Top Exam Questions and answers, rated A+

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TREC Commission Duties and Powers. Top Exam Questions and answers, rated A+ General Powers - -1. Make & Enforce Regulations 2. Standard of Conduct & Ethics 3. Admin. & Enforce License Law & Levy Fines 4. Issue License & Collect Money for Licenses 5. Conduct Investigations 4 YEARS OF INCIDEN...

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TREC State Chapt. 4 - Agency/Brokerage. Questions and answers. Graded A+

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TREC State Chapt. 4 - Agency/Brokerage. Questions and answers. Graded A+ TREC - Texas Real Estate Commission How many members does TREC have? - Nine (six brokers, with at least five years of real estate experience, and three members of the public) What are TREC's duties? - Administers TR...

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TREC State Chapt. 4 - Agency/Brokerage. Questions and answers. Graded A+

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TREC State Chapt. 4 - Agency/Brokerage. Questions and answers. Graded A+ TREC - Texas Real Estate Commission How many members does TREC have? - Nine (six brokers, with at least five years of real estate experience, and three members of the public) What are TREC's duties? - Administers TR...

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