Trec board - Study guides, Class notes & Summaries
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TREC (State Exam) Questions and answers, VERIFIED.
- Exam (elaborations) • 15 pages • 2023
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TREC (State Exam) Questions and answers, VERIFIED. 
 
 
When was TREC Created? - -1939 
 
What Does TREC have the authority to do? - -Make rules and regulations 
 
How many members are in TREC - -9 Members 
6 Brokers 
3 General Public 
 
How are TREC members appointed? - -By the governor or senate 
 
What happens if a License Holder fails to respond to a subpoena - -TREC can file a suit with the attorney general 
 
Who writes promulgated contract forms - -The broker Lawyer Committee 
 
How man...
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Texas Principles of Real Estate 2 Compiled Questions and Correct Answers
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Samantha is a real estate licensee. She's showing her client a property. The client asks about 
some spots on the ceiling and wonders if they're an indication of a roof leak. What should 
Samantha do? - Suggest that her client contact a roofing expert to make a determination. 
Buying and selling homes is Samantha's area of expertise, not identifying roof leaks. She 
shouldn't offer an opinion about whether the roof leaks, but she should suggest contacting an 
expert in this field. 
Not w...
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Real Estate Brokerage SAE - Champion's School of Real Estate 291 Questions with Verified Answers,100% CORRECT
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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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Champions School of Real Estate-Principles of Real Estate I Exam with 100% correct solutions
- Exam (elaborations) • 14 pages • 2024
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Champions School of Real Estate-Principles 
of Real Estate I Exam with 100% correct 
solutions 
3 Physical Characteristics of Land - answerIndestructibility or durability 
Immobility 
Non homogeneity 
Mortgage Lending - answerbusiness of providing money to individuals or corporations for 
the conditional transfer or pledge of real estate as security for payment of a debt 
RMLO - answerResidential Mortgage Lenders Originator 
Property Management - answerManagement of residential and commercial pr...
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TEXAS PRINCIPLES CHAMPIONS SCHOOL OF REAL ESTATE EXAM QUESTIONS AND ANSWERS | LATEST 2023/2024 (GRADED A+)
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Statute of Frauds: law that requires some documents (deeds included) to be in writing and 
signed in order to be enforceable by law 
 Illegal practice of directing home seekers to a particular neighborhood based on fair 
housing protected classes? Steering 
 Taking buyers to or away from a particular area based on any of the protected categories 
under Fair Housing Laws is called...? steering or channeling 
 When a buyer purchases a property and takes over the payments and liability on ...
Too much month left at the end of the money?
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Aceable Agent Questions and ready answers 2023/2024
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Aceable Agent Questions and ready answers 2023/2024 
 
DEED - correct answer The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. 
 
DEED OF TRUST - correct answer A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. 
 
TRUSTEE VS TRUSTOR - correct answer A trustee is an individual person given cont...
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Champions BROKERAGE SAE - CH 1 |222 questions with 100% correct answers
- Exam (elaborations) • 36 pages • 2023
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CoStar 
Commercial real estate website similar to a residential MLS 
 
 
 
Augmented Reality 
Enhances the user's current perception and experience of reality 
 
 
 
Artificial Intelligence 
intelligence exhibited by machines 
 
 
 
Analytics 
Collect and track digital data from websites, apps 
and offline repositories 
 
 
 
MLS 
The long-standing gold standard in data collection 
for real estate agents 
 
 
 
Virtual Reality 
following trends in real estate brokerage gives buyers the opportun...
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Texas Real Estate Exams Questions & Answers 2023 Update A+ RATED
- Exam (elaborations) • 69 pages • 2023
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Statutory laws passed by the Texas Legislature: 
A) Set precedent for future court decisions 
B) Authorize administrative agencies to carry out provisions of the law 
C) Are not designated for penalties and violations assessed against an agent 
D) Designate the civil penalties and punitive damages enforced and collected by TREC - ANSWER -B) authorize administrative agencies to carry out provisions of the law 
 
In Texas, the real estate license law is administered by the: 
A) Texas Real Estat...
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Law of Contracts Exam Study Guide: Guaranteed A+ Score
- Exam (elaborations) • 13 pages • 2024
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Default of contract and types of damages (pg 137) 
(Ans- 
 Liquidated Damages - The seller can choose to accept the buyer's earnest money as liquidated damages, releasing all parties from any further obligation under the contract. Liquidated damages are damages that are established in the contract. 
Monetary Damages - The injured party may "seek such other relief as may be provided by law." This would be an award of monetary damages by the court. Because monetary damages are awarded by the ...
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Champions School of Real Estate-Principles of Real Estate I Exam Questions and Answers
- Exam (elaborations) • 14 pages • 2023
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Champions School of Real Estate-Principles of Real Estate I Exam Questions and Answers 
3 Physical Characteristics of Land - ANSWER Indestructibility or durability 
Immobility 
Non homogeneity 
 
Mortgage Lending - ANSWER business of providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for payment of a debt 
 
RMLO - ANSWER Residential Mortgage Lenders Originator 
 
Property Management - ANSWER Management of...
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