Texas Principles of Real Estate 1
A condominium would be considered as investment property if it is - ✔✔non-occupant owned.
Do real estate trade organizations influence the real estate industry? - ✔✔The trade organizations
influence the real estate industry through the use of codes of ethical conduct
How many members does the Texas Real Estate Commission (TREC) consist of? - ✔✔9
Real estate professionals perform which of the following functions? - ✔✔Management and
maintenance
Salespersons not associated with NAR are known as - ✔✔real estate licensees or agents.
The Texas Real Estate Commission does NOT have authority to - ✔✔amend real estate laws.
TREC, as a state agency, is a member of which organization? - ✔✔ARELLO
Typically, brokers and agents do NOT specialize along which one of the following business lines? -
✔✔Property type
Geographical area
Futures xxx
Type of relationship
What are the principal types of transaction in brokerage activity? - ✔✔Sales, leases and subleases,
exchanges, and options
What are the surveyors required to identify? - ✔✔possible nature risks
What are the two types of real estate managers? - ✔✔Property managers and Asset managers
A condominium would be considered as investment property if it is - ✔✔non-occupant owned.
Do real estate trade organizations influence the real estate industry? - ✔✔The trade organizations
influence the real estate industry through the use of codes of ethical conduct
How many members does the Texas Real Estate Commission (TREC) consist of? - ✔✔9
Real estate professionals perform which of the following functions? - ✔✔Management and
maintenance
Salespersons not associated with NAR are known as - ✔✔real estate licensees or agents.
The Texas Real Estate Commission does NOT have authority to - ✔✔amend real estate laws.
TREC, as a state agency, is a member of which organization? - ✔✔ARELLO
Typically, brokers and agents do NOT specialize along which one of the following business lines? -
✔✔Property type
Geographical area
Futures xxx
Type of relationship
What are the principal types of transaction in brokerage activity? - ✔✔Sales, leases and subleases,
exchanges, and options
What are the surveyors required to identify? - ✔✔possible nature risks
What are the two types of real estate managers? - ✔✔Property managers and Asset managers
