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

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

1. A broker may do which of the following for an individual without actually representing the individual? A. Obtain financing B. Assist in locating a property C. Prepare a contract or lease D. All of the above - Answer Answer: D. A broker may obtain financing, assist in locating a property, and prepare a contract or lease for an individual without representing the individual

TEXAS REAL ESTATE STATE EXAM 2024 WITH 100% ACCURATE SOLUTTIONS 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 ...

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 - Correct Answer D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these - Correct Answer D.) All of these The least important factor affecting demand for real esta...

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...

#1 Texas Real Estate State Exam |LATEST RELEASE| 100% Correct 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 or Severanc...

TEXAS REAL ESTATE FINANCE ACTUAL EXAM TEST BANK , PRACTICE EXAM , STUDY GUIDE,AND REVIEW ALL IN ONE SET ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK | NEW AND REVISED

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 ...

Texas Real Estate State Exam

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...