Texas real estate state - Study guides, Class notes & Summaries

Who has the authority to make rules and regulations? - Answer TREC (not the state) What does TREC stand for? - Answer Texas Real Estate Commission - power to issue or revoke real estate licenses 1949 to administer License act Authority to make rules and regulations TREC has how many members? - Answer 9 3 represent the general public, 6 are real estate brokers All are appointed by the governor and approved by the Senate They serve for 6 yr terms subpoena - Answer basica...

Texas Real Estate State Exam Questions and Answers 100% Verified Real Property - Answer- land, Improvements attached to the land, and the rights to use them Personal Property - Answer- right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE Fixture - Answer- Personal Property attached in such a way to make it real property. Annexation - Answer- Process of attaching personal property to real property making it a fixture Sev...

Which of the following has the authority to suspend or revoke a Texas real estate license? - correct answer TREC Which of the following is an element of a listing agreement? - correct answer the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - correct answer salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the br...

Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation of independent contractor status? - salesperson is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker the TAR buyer representation agreement in or te...

When was TREC created? 1947 TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen 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 ...

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...

Texas Real Estate State Exam with 100% Correct Answers |Latest Release| Real Property *Ans* land, Improvements attached to the land, and the rights to use them Personal Property *Ans* right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE Fixture *Ans* Personal Property attached in such a way to make it real property. Annexation *Ans* Process of attaching personal property to real property making it a fixture Severed ...

Texas Real Estate State Exam | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024

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...

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...