Trec consists - Study guides, Class notes & Summaries

Residential Inspection for Real Estate Agents - Champions School of Real Estate 100% Pass A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Deficiency Process of examining accessible items, and reporting their condition Inspection Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services...

Texas Real Estate Exam Questions with complete solution TREC - correct answer - consists of 9 commission members: 3 represent the general public and 6 are real estate brokers. - has the power to subpoena books, records, and witnesses. If a licensee fails to respond to a subpoena, they can file suit with the attorney general to enforce it - ONLY TREC has the power to revoke or issue real estate licenses - hearing for the revocation/suspension of a license automatically takes place in Austin...

Regulatory Powers correct answer: Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers correct answer: Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers correct answer: Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the...

Enable the agency to pass specific regulations and rules to support the administration of the license law correct answer: Regulatory Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations correct answer: Judicial Powers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves correct answer: Administrative Powers Protect the pu...

Who is responsible for the acts of a salesperson? correct answer: The sponsoring broker Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, or that he should be furnished with a policy of title insurance shall: correct answer: d. preclude payment of, or recovery of, any commission agreed to be paid on the sale An example of gratuitous agency is: correct an...

Texas State Home Inspector Exam Latest Update Graded A+ Home Inspector Professional Liability Insurance Requirement Section 535.211 Real Estate Inspectors Sub chapter R TREC Standards of Practice Location 535.227 - 535.332 How many members are on the Texas Real Estate Committee? 9 How many members of the Texas Real Estate Inspector Committee may be Professional Inspectors? 6 Inspector Members of the Texas Real Estate Inspector committee may serve how long? staggered six-ye...

Regulatory Powers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Tennessee Real Estate Commission Protect the public ...

'1101' laws are associated with... correct answersTRELA '535' laws are associated with... correct answersTREC TRELA was established in... correct answers1939 TREC was established in... correct answers1949 The Real Estate Recovery Trust Account is used to... correct answersProtect aggrieved individuals who suffer a monetary loss due to illegals acts of license holders. The maximum amount per transaction for Real Estate Recovery is... correct answers$50,000 The maximum amount...

Regulatory Powers correct answers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers correct answers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers correct answers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Te...

Appointed by governor. Consists of 9 commission members- 3 for general public, 6 for real estate brokers. - correct answer -TREC Created in 1949; Has the authority to make rules and regulations. Has the power to subpoena books, records, and witnesses. - correct answer -TREC If a license holder fails to respond to a TREC subpoena, TREC can file suit with - correct answer -The Attorney General Writes promulgated contract forms - correct answer -Broker Lawyer Committee 13 members: 6 are...