Trec state exam prep - Study guides, Class notes & Summaries

State Prep Exam I Questions And Answers Updated TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder for up to $4,000. (b) TREC can immediately revoke the license of the license holder without a hearing. (c) TREC can file a suit with the Attorney Gener...

Champions Exam Prep: State Questions And Answers Graded A+ TREC was created in what year? 1949 to administer the provisions of the license act License Act passed in what year? 1939. first the Act (law) then commission that *enforces* the law TREC penalties for unlicensed activity Subject to $4,000 or imprisonment up to 1 year or both. Held in the county court Administrative penalty fee $5,000 per day. AMDIN=5 LETTERS "$5K" Recovery Trust Account limits max payment $10...

Texas Real Estate Exam PREP Questions and Answers 100% Solved An unlicensed assistant is showing property for her broker. Which of the following penalties would apply and to whom? Both the broker and the unlicensed assistant would be subject to fines by TREC The listing presentation went welland the seller has agreed to list with the broker. The listing agreement has not been signed but the broker has an appointment with the sell The broker must wait for the written permission to place the sig...

T2. According to TREC rules, when MUST you inform a seller about the market value of their home? A. When the offer is presented B. When the listing is taken C. Upon first face-to-face meeting with the seller D. TREC rules don't require you to inform the seller of the market value. - ANSWERSB. When the listing is taken. A licensee is required to tell the seller the value of their property when they take the listing on the property. The licensee will do a Comparative Market Analysis (CMA) a...

Business should be conducted in a manner which: (a) Maintains maximum profitability to the inspector (b) Assures the client of the inspector's independence from outside influences (c) Presents a neat and clean appearance (d) Compromises the inspector's ability to render fair and impartial opinions - Answer Assures the client of the inspector's independence from outside influences All advertising distributed by real estate inspectors must include: (a) The name of the inspecto...

Champions Exam Prep: State Questions | 100% Correct Answers | Verified | Latest 2024 Version TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) TREC has 30 days to complete the background check (c) TREC has 30 days to notify Mary of a decision to disapprov...

Champions School of Real Estate - Exam Prep | 177 Questions and Answers 100% Verified | TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) TREC has 30 days to complete the background check (c) TREC has 30 days to notify Mary of a decision to dis...

TEXAS State Real Estate Exam Prep (Champions School Of Real Estate Chapters 1-6) Questions And Answers With Verified Solutions 100% Correct!!!

Champions Exam Prep: State | 68 Questions and Answers 100% correct | Latest Update 2023-2024

Champions Exam Prep: State Questions And Answers Graded A+ TREC was created in what year? 1949 to administer the provisions of the license act License Act passed in what year? 1939. first the Act (law) then commission that *enforces* the law TREC penalties for unlicensed activity Subject to $4,000 or imprisonment up to 1 year or both. Held in the county court Administrative penalty fee $5,000 per day. AMDIN=5 LETTERS "$5K" Recovery Trust Account limits max payment $10...