Under trela Study guides, Class notes & Summaries

What are the real estate rights above ground surface called? correct answers Air Space An item that is attached to, and made part of the land is an correct answers Appurtenance What information does a broker or sales agent typically market? correct answers Market Conditions A broker or sales agent that is qualified to answer questions about specific real estate is said to be correct answers Competent According to the Interstate Land Sales Full Disclosure Act (ILSFDA) a ( ) occurs whe...

Law of Agency-Final Exam Review (2024/2025) Already Graded A What are the minimum services an agent must offer; According TRELA subchapter 1101.557b states a broker representing a party or listing real estate for sale is the party's agent and 1. May not instruct another broker to directly or indirectly violate the sub chpt-1101.65b22, 2.Must inform the party if the broker Receives material information related to the transaction to list, buy, sell, or lease the parties real estate, including th...

AYPO Real Estate Principles of Real Estate I Exam Study Guide Questions and Answers 100% Solved TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. The...

The purpose of the TRELA is to... protect the public protect real estate brokers from unscrupulous salespeople keep the cost of real estate services under control protect real estate license holders - correct answer--protect the public The DPTA is a consumer protection law which protects the public from false or misleading acts deceptive acts unconscionable acts all of these - correct answer--all of these Which action might leave a license holder open to ...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - Answer c. Permitted disclosures If there is a field in a promulgated form for which you have no information to include, your safest option is which of the following? a. Run a line through it b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's agent...

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...

AYPO Real Estate Principles of Real Estate I Exam Study Guide 2024 with 100%Correct Answers. TREC has the authority under TRELA to suspend or even revoke a broker's license if: - correct answer They conduct the unlawful practice of law ESAC stands for: - correct answer Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - correct answer Situs. Which amendment guarantees that a citizen will not be deprived of property witho...

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 ...

AYPO Real Estate Principles of Real Estate I Exam Study Guide 2024 with 100%Correct Answers. TREC has the authority under TRELA to suspend or even revoke a broker's license if: - correct answer They conduct the unlawful practice of law ESAC stands for: - correct answer Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - correct answer Situs. Which amendment guarantees that a citizen will not be deprived of property witho...

Broker A Properly Licensed party who serves a principal in an agency relationship Agency A fiduciary relationship between a broker and a principal or a broker and a client Fiduciary A Party acting for another in a position of trust-a broker or agent Fiduciary Relationship The relationship based on trust-the relationship governed by the law of the agency between a broker and a principal Principal A party represented by a broker in an agency relationship-also calle...