When was trec created - Study guides, Class notes & Summaries
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Champions Real Estate - Principles 1 Exam 2023 (Principles of Real Estate I class study cards) A+ Graded
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Champions Real Estate - Principles 1 Exam 2023 (Principles of Real Estate I class study cards) A+ Graded 
brokerage 
the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships 
 
 
The role of a property manager 
Generally responsible for the day to day operations of the property, maintenance, and tenant relations 
 
 
How are home inspectors licensed? 
Home inspect...
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Texas Real Estate State Exam 2023/2024 with 100% correct answers
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When was TREC created? - correct answer 1947 
 
TREC has the authority to.. - correct answer make rules and regulations. It's rules and laws govern license holders 
 
TREC has how many commission members? - correct answer 9 members, 3 represent the general public and 6 are real estate brokers 
 
TREC has the power to.. - correct answer subpoena books, records, and witnesses and issue and revoke real estate licenses 
 
If your license is revoked by TREC... - correct answer You can appe...
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LAW OF AGENCY Exam 2024 Questions & Answers 100% Correct!
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Fiduciary: - ANSWERSan individual upon whom is placed the highest levels of trust and confidence when acting on behalf of another; specific fiduciary duties include obedience, loyalty, disclosure, confidentiality, accountability, and reasonable care 
 
An agency relationship: - ANSWERS"a fiduciary relationship created wherein one party (the client or principal) authorizes another party (the agent) to represent their best interests and that second party (the agent) accepts the responsibility g...
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Champions School of Real Estate: Law of Contracts|208 Questions & Answers 100% Correct!.
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Champions School of Real Estate: Law of Contracts|208 Questions & Answers 100% Correct!.Texas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA 
 
Unauthorized Practice of Law - ANSWER-When license holders add provisions to contracts that go beyond the factual business details they are engaging in.. 
 
Deceptive Trade practices act - ANSWER- 
 
Real Estate Recovery Trust account - ANSWER-Administered by TREC, the purpose of the account is to ...
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Texas Real Estate State Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
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When was TREC created? - 1947 
TREC has the authority to.. - make rules and regulations. It's rules and laws govern license holders 
TREC has how many commission members? - 9 members, 3 represent the general public and 6 are 
real estate brokers 
TREC has the power to.. - subpoena books, records, and witnesses and issue and revoke real estate 
licenses 
If your license is revoked by TREC... - You can appeal the decision to the district court 
Who writes promulgated contract forms? - The Broker ...
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Champions School: Law of Contracts exam 2024 with 100% correct answers
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unlawful practice of law correct answersWhen license holders 
add provisions to contracts that go beyond factual business details. 
 
Texas Real Estate Commission correct answersTexas Real Estate Commission (TREC) was created by the Legislature in 1949. It is a 
nine-member commission whose primary purpose is to carry out the provisions of the License Act. Commission members are appointed by the governor and approved by the Senate. Each serves for a six-year term, except the chairman of the Comm...
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Champions Real Estate - Principles 1 Exam Questions and Answers Best rated A+ Guaranteed Success Latest Update
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brokerage - the aspect of the real estate business that pertains to overseeing the needs of the 
parties and completing a transaction; a brokerage transaction may or may not involve agency 
relationships 
The role of a property manager - Generally responsible for the day to day operations of the 
property, maintenance, and tenant relations 
How are home inspectors licensed? - Home inspectors are licensed in Texas by TREC. 
Real Estate Development - most often involves the acquisition of land for...
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Texas Real Estate State Exam Questions With Complete Solutions
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When was TREC created? correct answer: 1947 
 
TREC has the authority to.. correct answer: make rules and regulations. It's rules and laws govern license holders 
 
TREC has how many commission members? correct answer: 9 members, 3 represent the general public and 6 are real estate brokers 
 
TREC has the power to.. correct answer: subpoena books, records, and witnesses and issue and revoke real estate licenses 
 
If your license is revoked by TREC... correct answer: You can appeal the dec...
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Law of Agency - Champions School of Real Estate Exam 2024
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The principal is also known as - client 
 
fiduciary relationship - a relationship founded on trust and confidence 
 
Agency Relationship - Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
 
the principal - is the one who hires and gives authority to the agent 
 
Texas Real Estate License Act TRELA - Was passed 1939. The purpose is to protect the public against unscrupulous brokers and sales agents. 
 
Texas Real Estate Commission TREC - Was created ...
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Texas Real Estate State Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024
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When was TREC created? - 1947 
TREC has the authority to.. - make rules and regulations. It's rules and laws govern license holders 
TREC has how many commission members? - 9 members, 3 represent the general public and 6 are 
real estate brokers 
TREC has the power to.. - subpoena books, records, and witnesses and issue and revoke real estate 
licenses 
If your license is revoked by TREC... - You can appeal the decision to the district court 
Who writes promulgated contract forms? - The Broker ...
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