100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
TREC State Exam Practice Questions 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts $12.99   Add to cart

Exam (elaborations)

TREC State Exam Practice Questions 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

 12 views  0 purchase
  • Course
  • TREC STATE
  • Institution
  • TREC STATE

TREC State Exam Practice Questions 2024 Actual Questions and Verified Answers (2024 / 2025) A+ Grade 100% Guarantee Verified by Experts

Preview 4 out of 60  pages

  • September 16, 2024
  • 60
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • TREC STATE
  • TREC STATE
avatar-seller
BESTGOODIES
TREC State Exam Practice questions.pdf file:///C:/Users/HP/Desktop/New%20folder/TREC%20State%20Ex




TREC State Exam Practice Questions & Verified

Answers



1. 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?


(a) TREC can assess an administrative penalty against the license holder for up to

$4,000.


(b) TREC can immediately revoke the license of the license holder without a hearing.


(c) TREC can file suit with the Attorney General to enforce the subpoena.


(d) TREC can file charges of felony against the license holder, based on fraud.

Answer (c) TREC can file suit with the Attorney General to enforce the subpoena.









1 of 60 9/13/2024, 5:13

,TREC State Exam Practice questions.pdf file:///C:/Users/HP/Desktop/New%20folder/TREC%20State%20Ex




2. 2. A license holder in violation of the TRELA has received a summons from TREC that a

hearing will be held regarding the possible revocation or suspension of his license.The

license holder fails to respond to the summons. What will TREC do?


(a) Schedule a hearing in the county court where the license holder practices real estate


(b) Schedule a hearing at the TREC office in Austin


(c) Schedule a hearing in the district court serving the license holder


(d) Schedule a hearing at the main office or business address of the license holder

Answer (b) Schedule a hearing at the TREC office in Austin




3. 3. With the knowledge and consent of her broker/employer, an unlicensed assistant is

showing property to prospective buyers. What is true about this situation?


(a) The broker and unlicensed assistant are both guilty of a third degree felony


(b) Both the broker and unlicensed assistant can be fined an administrative penalty of

$5,000 per day







2 of 60 9/13/2024, 5:13

,TREC State Exam Practice questions.pdf file:///C:/Users/HP/Desktop/New%20folder/TREC%20State%20Ex




(c) Only the unlicensed assistant can be fined by TREC for this activity









3 of 60 9/13/2024, 5:13

,TREC State Exam Practice questions.pdf file:///C:/Users/HP/Desktop/New%20folder/TREC%20State%20Ex




(d) Only the broker can be fined by TREC for this activity

Answer (b) Both the broker and unlicensed assistant can be fined an administrative penalty of

$5,000 per day



4. 4. TREC has received an application for a Texas Real Estate Sales License from Mary.

Mary has completed all her educational requirements, and passed the state exam. At this

point TREC will begin the background check.Which of the following statements is FALSE?


(a) TREC has no time limit for determining integrity


(b) TREC has 30 days to complete the background check


(c) TREC has 30 days to notify Mary of a decision to disapprove her application


(d) Mary has 10 days to appeal a denial of her application

Answer (b)TREC has 30 days to complete the background check


TREC has no limit on days to review your application or complete your background check. They

have 30 days to notify you of their decision and you have 10 days to appeal that decision.









4 of 60 9/13/2024, 5:13

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 BESTGOODIES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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
$12.99
  • (0)
  Add to cart