Trela s - Study guides, Class notes & Summaries

John is an unlicensed real estate assistant. His boss, Broker Ben, is out of town. John holds an open house on Ben's behalf. Evaluate John's actions. - ANSWERSIt is a violation of TREC's rules for an unlicensed assistant to hold an open house What, if known, could cause a buyer or seller of real estate to take a different course of action or make a different decision regarding the property purchase? - ANSWERSMaterial Facts Which of the following is NOT true about brokerage office ...

Here are the four major types of agency acts: - ANSWERSListing Buying Leasing Property Management TREC's purpose is to - ANSWERSregulate educational and licensing programs that maintain standards AND interpret legislation that affects the real estate profession — primarily the Texas Real Estate License Act (TRELA). Integrity - ANSWERSSatisfy to the commission (TREC) that the candidate meets and exceeds their character standards (honesty, trustworthiness, and integrity). Competen...

T4. When is an agent required to present a prospective seller with the Information About Brokerage Services (IABS) form? A. When the property is sold B. At the first substantive discussion about a specific property C. When the seller receives the first offer on the property D. At the closing of the sale - ANSWERSB. At the first substantive discussion about a specific property. The Texas Real Estate Licensing Act requires the Information About Brokerage Services be given at the first substant...

Law of Agency-Final Exam Review Questions And Answers What are the minimum services an agent must offer; - ANS According TRELA subchapter 1101.557b states a broker representing a party or listing real estate for sale is the party's agent and 1. May not instruct another broker to directly or indirectly violate the sub chpt-1101.65b22, 2.Must inform the party if the broker Receives material information related to the transaction to list, buy, sell, or lease the parties real estate, includ...

T4. When is an agent required to present a prospective seller with the Information About Brokerage Services (IABS) form? A. When the property is sold B. At the first substantive discussion about a specific property C. When the seller receives the first offer on the property D. At the closing of the sale - ANSWERSB. At the first substantive discussion about a specific property. The Texas Real Estate Licensing Act requires the Information About Brokerage Services be given at the first substant...

Champions Real Estate Exam Prep (Texas) | 100% Correct Answers | Verified | Latest 2024 Version In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - 1949 TREC has only _______ promulgated lease forms. - 2 promulgated form 공포된 양식 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. ...

The purpose of the TRELA is to... protect the public against unscrupulous brokers and salespersons. What is required to obtain a license in Texas? be a resident of Texas at least 18 yrs of age at the time of application, be of good moral character, must show competency by passing the exam If the licensee pays a commission to any unlicensed person, places a sign offering a property without the written permission of the owner, sells real estate by lottery this can happen.... A license can be...

Law of Contract Final Exam Questions and Answers 100% Solved This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation.

Law of Agency-Final Exam Review Questions With Correct Answers What are the minimum services an agent must offer; - answerAccording TRELA subchapter 1101.557b states a broker representing a party or listing real estate for sale is the party's agent and 1. May not instruct another broker to directly or indirectly violate the sub chpt-1101.65b22, 2.Must inform the party if the broker Receives material information related to the transaction to list, buy, sell, or lease the parties real es...

What are the minimum services an agent must offer; - ANSWERSAccording TRELA subchapter 1101.557b states a broker representing a party or listing real estate for sale is the party's agent and 1. May not instruct another broker to directly or indirectly violate the sub chpt-1101.65b22, 2.Must inform the party if the broker Receives material information related to the transaction to list, buy, sell, or lease the parties real estate, including the receipt of an offer by the broker; and 3. Sha...