Texas Real Estate Principles 1 Practice Questions and Answers | 100% Pass
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Course
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Principles 1 Practice
Questions and Answers | 100% Pass
Trec Commision Membership - Answer️️ -9 Members (6 brokers, 3 public) appointed
by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - Answer️️ -13 Members (6 brokers, 6
lawyer...
Texas Real Estate Principles 1 Practice
Questions and Answers | 100% Pass
Trec Commision Membership - Answer✔️✔️-9 Members (6 brokers, 3 public) appointed
by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - Answer✔️✔️-13 Members (6 brokers, 6
lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - Answer✔️✔️-18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - Answer✔️✔️-buying, selling or
leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - Answer✔️✔️-ensures the availibility of a sufficient amount
to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - Answer✔️✔️-acting negligently or
incompetently, comingling money and soliciting or selling offers for the sale of real
estate by means of a lottery
An appeal can be made on a decision by the commission - Answer✔️✔️-it must be taken
to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - Answer✔️✔️-A copy of the
The three Canons for professional ethics and conduct for Real Estate Licensees -
Answer✔️✔️-Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - Answer✔️✔️-That agent
has to join the "NAR" National Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - Answer✔️✔️-FEDERAL
LAW that where the only protected class was Race. No one can discriminate because
of RACE.
Civil Rights Act of 1968 - Answer✔️✔️-Amended the Civil Rights Act of 1866 to include
race, color, national origin, religion,
Civil Rights Act of 1974 - Answer✔️✔️-Amended to include Sex (Male or Female)
Civil Rights Act of 1988 - Answer✔️✔️-Amended to include Handicap and Familial status
Define Handicapped - Answer✔️✔️-having a physical or mental disability (including
hearing, mobility, visual impairment, chronic mental illness and AIDS) that substantially
limits one or more major life activities.
Steering - Answer✔️✔️-Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - Answer✔️✔️-agent must refuse to take the listing
ADA Americans with Disabilities Act - Answer✔️✔️-enacted in 1992 deals with
commercial property only
Personal Property - Answer✔️✔️-Things not attached to the land
Chattel - Answer✔️✔️-also known as Personal Property
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