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TX-Real Estate Principles I-Exam Prep-TRELA, MREP, and Terms questions with actual answers. $9.39   Add to cart
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TX-Real Estate Principles I-Exam Prep-TRELA, MREP, and Terms questions with actual answers.
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  • Texas Principles of Real Estate 1
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  • Texas Principles Of Real Estate 1

TX-Real Estate Principles I-Exam Prep-TRELA, MREP, and Terms questions with actual answers.

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Document information

  • September 13, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • tx real estate principles i exam prep trela mrep

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  • Texas Principles of Real Estate 1
  • Texas Principles of Real Estate 1

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TX-Real Estate Principles I-Exam Prep-
TRELA, MREP, and Terms questions with
actual answers.
Broker ANS -A person who, for a commission or other valuable consideration, performs specific real
estate-related acts for another person; these acts include but are not limited to helping someone in the
selling, exchanging, buying, leasing, auctioning, and/or listing of real estate.



Business entity ANS -Either a domestic entity or a foreign entity.



Certificate holder ANS -A person registered as a real estate certificate holder in Texas; not the same as a
real estate license holder



The commission ANS -The Texas Real Estate Commission; also known as TREC



License holder ANS -A broker or sales agent licensed under The Texas Real Estate License Act



Real estate ANS -Any interest in real property, including a leasehold located in or outside of Texas



Residential rental locator ANS -A person who offers to locate a unit in an apartment complex for lease
to a prospective tenant for consideration



Sales agent ANS -A person who is associated with a licensed broker for the purpose of performing an act
for which a real estate license is required



Sub-agent ANS -A license holder who represents a principal through cooperation with and the consent
of a broker representing the principal, and who is not sponsored by or associated with the principal's
broker



Party ANS -A prospective buyer, seller, landlord, or tenant, or the authorized representative of any of
those parties; does not include license holder representing a party in the transaction

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