According to trec rules - Study guides, Class notes & Summaries
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Principles of Real Estate 1- Champions School of Real Estate
- Exam (elaborations) • 17 pages • 2023
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a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of 
A.) scarcity 
B.) Fixity 
C.) Situs 
D.) Modification 
D.) Modification 
 
 
 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these 
D.) All of these 
 
 
 
The least important factor affecting demand for real estate is: 
A.) Population Growth...
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Texas Promulgated Contract Forms & Addenda Final Exams Verified 100% Correct!!
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Texas Promulgated Contract Forms & Addenda Final Exams Verified 100% Correct!! 
 
Which of the following is an example of a Bilateral contract? 
A Promise in exchange for a promise - Purchase Contract. 
Unilateral Contracts - Listing Agreement, Buyer's Rep, Option Contract 
Who is responsible for filling in the effective date, who, when & what? 
Broker. Between the buyer and the seller, The date on which the communication was made. The date of initialing and signing of the parties. The last par...
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Principles of Real Estate 1- study guide Austin Inst questions and answers
- Exam (elaborations) • 33 pages • 2023
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Texas Real Estate Agent 
A person who is licensed through TREC. 
Texas Real Estate Commission 
 
 
 
Does a person who manages, buys, sells, leases, or rents their own property have to be licensed through TREC? 
No. 
 
 
 
There are two types of licenses: 
broker's and salesperson's license 
 
 
 
What is the most popular division of the real estate market? 
Residential real estate because there are more transactions in residential in other forms of real estate. 
 
 
 
Residential brokerage in...
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real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023
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real estate Tennessee State Exam Questions And Answers, Over 200 Questions And Answers, Complete Solution 2023 
 
What is the name of the Tennessee real estate regulatory body? 
a) Division of the Tennessee Real Estate 
B) Tennessee Real Estate Commission 
C) Board of Real Estate Regulators 
D) Tennessee Real Estate Board 
B 
How many members are on the Tennessee Real Estate Commission? 
A) 10 
B) 9 
C) 5 
D) 15 
B 
How many years may they serve? 
a) 3 years 
b) 5 years 
c) 6 years 
d) 4 years 
...
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Exam: Law of Agency – Champions Questions and Answers 100% Pass
- Exam (elaborations) • 10 pages • 2024
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Exam: Law of Agency – Champions Questions and Answers 100% Pass 
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 ...
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champions school of real estate law of agency chapter quiz Questions and Correct Answers 2024
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champions school of real estate law of agency 
chapter quiz Questions and Correct Answers 
2024 
An agency relationship exists when one person, the ______________ acts for, or on the behalf of 
another person, the _____________________. - Answer -Agent, principal 
Which of the following is ground for suspension or revocation of license by TREC? - Answer -Splitting 
commission with a person other than a license holder 
The commission can deny licensure to an applicant based on the applicants? - A...
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Law of Agency - Champions Questions And Answers Graded A+
- Exam (elaborations) • 6 pages • 2024
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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 t...
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Texas Real Estate STANDARDS OF CONDUCT Questions and Answers Latest 2024/2025 with complete solutions
- Exam (elaborations) • 10 pages • 2024
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If a real estate broker maintains a trust account, how many years must that broker retain records of all 
deposits and withdrawals from the account? - four. 
A licensee maintaining a trust account must retain a documentary record of each deposit or withdrawal 
from the account for a period of four years. 
Which Canon of Professional Ethics requires that the broker or salesperson employ prudence and 
caution in the discharge of her duties to avoid misrepresentation? - integrity. The Canons of 
Pr...
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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
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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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TN Real Estate State Test Questions and Answers Already Passed
- Exam (elaborations) • 18 pages • 2023
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TN Real Estate State Test Questions and Answers Already Passed What Tennessee law covers landlord-tenant relations? Tennessee has the Uniform Landlord and Tenant Act for residential rentals. This law is designed to simplify, clarify, modernize, and revise the laws governing the rental of dwelling units and the rights and obligations of both landlords and tenants and to encourage them to maintain and improve the quality of housing. In addition, the law ensures that the right to the receipt of ren...
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