Trec law of contracts - Study guides, Class notes & Summaries
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TREC Promulgated Contract Forms #351 Final Exam 2023
- Exam (elaborations) • 13 pages • 2023
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In the State of Texas who is allowed to use a customized real estate contract? 
The real estate brokerage company 
The salesperson 
The broker 
Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas 
 
Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. 
Offer and acceptance issue 
Competency issue 
Consideration iss...
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 19 pages • 2024
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONSLaw of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONSLaw of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONSLaw of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONS 
The TREC residential contract forms are: - ANWER-Drafted by the Broker Lawyer Committee 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: - ANWER-fraud 
 
Under the Deceptive Trade Practices Act, __________...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...
- Exam (elaborations) • 128 pages • 2023
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... 
 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brok...
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Texas Law of Contracts Exam Study Guide: Questions & Answers: Latest Updated
- Exam (elaborations) • 32 pages • 2024
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Describe at least two requirements under TRELA. 
(Ans- Act created by Texas Congress 1) All professionals are licensed 2) Use same policy, procedures, and forms. Providing correct documentations and forms during a transaction. TREC wanted to get things standardized. TREC was created in 1949 and that's when it began administrating TRELA. Real Estate Dealers license Act was enacted in 1939 for salesperson and brokers. TRELA is the present act which is active and administered until present day. 
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 75 pages • 2023
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...
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Champions Powerhouse Training SAE 146 Questions with Verified Answers,100% CORRECT
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Champions Powerhouse Training SAE 146 Questions with Verified Answers 
 
An area of neighborhoods or sub divisons that 
is serviced by your firm. - CORRECT ANSWER Geographic Farm 
 
A plan by which you develop to gain name 
recognition - CORRECT ANSWER Marketing Plan 
 
Becoming different in your approach through 
growth and development - CORRECT ANSWER differentiate 
 
All the properties in a particular price range, 
in the area your firm services - CORRECT ANSWER economic farm 
 
Words or cont...
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Champion School of Real Estate-Law of Contracts Latest Update 100% Pass
- Exam (elaborations) • 26 pages • 2024
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Champion School of Real Estate-Law of 
Contracts Latest Update 100% Pass 
 
Texas Real Estate Commission TREC-created by the Legislature in 1949. 9 member 
commission whose primary purpose is to carry out the provision of the License Act 
 
Real Estate Recovery Trust Account administered by TREC. the purpose of the account is to 
protect aggrieved individuals who suffer monetary loss due to illegal acts of license holders 
 
unlawful practice of law license holder is not qualified to add provisi...
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers,100% CORRECT
- Exam (elaborations) • 37 pages • 2023 Popular
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers 
 
Search Engine Optimization (SEO) - CORRECT ANSWER The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
Fcebook Live - CORRECT ANSWER Video streaming through facebook. 
 
CoStar Database - CORRECT ANSWER Functions much like a residential MLS, connecting commercial agents with brokerages,...
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE SOLUTIONS((Rated A+).
- Exam (elaborations) • 19 pages • 2024
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Law of Contracts - CHAMPIONS TEST 2024 WITH COMPLETE 
The TREC residential contract forms are: - ANWER-Drafted by the Broker Lawyer Committee 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: - ANWER-fraud 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - ANWER-goods 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: - ANWER-Enter into a Seller's Te...
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Law of Contracts - CHAMPIONS School of Real Estate
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Law of Contracts - CHAMPIONS School of Real Estate 
THE PURPOSE AND FOCUS OF THE LICENSE ACT, AND OF TREC, IS TO PROTECT THE __________________. 
PUBLIC 
 
 
TREC ESTABLISHED THE _____________________________________ TO WRITE THE RESIDENTIAL CONTRACT FORMS THAT ARE THEN PROMULGATED BY TREC. 
BROKER LAWYER COMMITTEE 
 
 
___________________________ MEANS PUBLISHED, OR MADE OF PUBLIC RECORD, AND THESE FORMS ARE THEN MANDATORY FOR AGENTS TO USE, WITH JUST A FEW EXCEPTIONS. 
PROMULGATED 
 
 
FAILURE...
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