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Texas Real Estate Principles 1 Questions and Answers 100% Correct

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2023/2024 Written for academic year
Institution Texas Real Estate Principles
Course Texas Real Estate Principles
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Trec Commision Membership 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC 18 years old a US citizen or lawfully admitted alien resident of the state A certificate is required seperate of the license when buying, selling or leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline services. Payments into Trust Account ensures the availibility of a sufficient amount to pay on anticipated claims on the trust account A commission may suspend or revoke a license for acting negligently or incompetently, comingling money and soliciting or selling offers for the sale of real estate by means of a lottery An appeal can be made on a decision by the commission it must be taken to the district court in the county where the administrative hearing was held. When dealing with a client it is mandatory to give

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