Trec board - Study guides, Class notes & Summaries

Texas Real Estate Exam; STATE portion questions and answers 100% guaranteed success. How many members in TREC? - correct answer. 9: 3 general public, 6 brokers Who appoints, confirms TREC members? - correct answer. Governor appoints, senate approves How many members on the Broker-Lawyer Committee? - correct answer. 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members? - correct answer. Brokers/TREC, Lawyers/Pres of State Bar...

Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. What kind of professionals manage the legal aspects of a development project? Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property ...

Principles of Real Estate Champions School of Real Estate 1 Exam with Correct Solutions 2024 3 Physical Characteristics of Land - Answer -Indestructibility or durability Immobility Non homogeneity Mortgage Lending - Answer -business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - Answer -Residential Mortgage Lenders Originator Property Management - Answer -Management of residential and comme...

Principles of RE 1- TEXAS| Q&A 2024 A person appointed to the TREC is - ️️ - entitled to reimbursement for the travel expenses incurred in attending required training programs. - Which of the following statements best defines the concept of procuring cause? - ️️ - The party who initiated and carried through the sequence of events that leads to a successful transaction How do ethical questions influence on arbitration hearings? - ️️ - they are irrelevant According to the most s...

Champions School of Real Estate-Principles of Real Estate I Exam with 100% correct solutions 3 Physical Characteristics of Land - answerIndestructibility or durability Immobility Non homogeneity Mortgage Lending - answerbusiness of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt RMLO - answerResidential Mortgage Lenders Originator Property Management - answerManagement of residential and commercial pr...

Aceable Agent - Law of Contracts Question and answer 2023 verified DEED The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. DEED OF TRUST A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. TRUSTEE VS TRUSTOR A trustee is an individual person given control of property in trust with a...

TREC contract forms & their uses - These contract forms expedite real estate transactions and reduce controversies while containing safeguards adequate to protect the interest of the principals to the transaction TREC has promulgated sales contract forms for most residential properties, including: 1. One-to-Four Family Contract (Resale) 2. New Home Contract (Incomplete Construction) 3. New Home Contract (Completed Construction) 4. Unimproved Property Contract 5. Residential Condominium Contr...

Promulgated Contracts Exam 2023 (Answered) Accessories in the real estate contract - definition, features, disposition PARAGRAPH 2.(C) Describes accessories, which, while not necessarily permanently installed or built-in, are commonly conveyed to the buyer in the sale Window air conditioning units, stove, fireplace screen, curtains and rods, blinds, window shades, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, artificial fireplace logs, an...

Professional Home Inspector Exam NHIE / TREC #2 Questions and Answers Rated A What type of roof requires on interlayment of felt between courses? a. Wood shakes b. Roll roofing c. Wood shingles d. Slate shingles a. Wood shakes In an older home, a forced hot air furnace is replaced by a heat pump. The heat coming out of the register is: a. Hotter b. Cooler c. Same d. Depends on the air duct layout Cooler When inspecting kitchen cabinets: a. Observe that they are securely attached...

What state agency is responsible for the licensing of real estate appraisers? Correct Answer Texas Appraiser Licensing and Certification Board A broker or salesperson who fails to give the statutory title notice to the buyer at or before closing A) will have the license suspended without reinstatement for two years. B) must forfeit the entire commission on the subject transaction but in so doing is absolved of any other liability. C) may have the license suspended or revoked and cannot ...