ACEABLE AGENT PRINCIPLES OF REAL ESTATE II 2026 FINAL COURSE ASSESSMENT PREPARATION MATERIAL HIGH YIELD NOTES

ACEABLE AGENT PRINCIPLES OF REAL
ESTATE II 2026 FINAL COURSE
ASSESSMENT PREPARATION MATERIAL
HIGH YIELD NOTES

◉ Home Mortgage Disclosure
Answer: Federal act that requires lenders to disclose specific lending
information, which HUD then uses to map lending patterns


◉ Texas Real Estate License Act (TRELA)
Answer: A law that governs the licensing, education, and activities of
real estate license holders practicing brokerage in this state


◉ Texas Real Estate Commission (TREC)
Answer: A group of nine people appointed by the governor and
confirmed by the state senate that are to set policy and rules from
the real estate license act


◉ Texas Occupation Code
Answer: The Texas Real Estate License Act is Chapter 1101 of the:


◉ TREC's purpose

, Answer: oversee the licensing, education requirements, and ethical
standards of practice for real estate sales professionals and real
estate inspectors within the State of Texas


◉ TREC's authority
Answer: adopt and enforce rules for governing real estate
practitioners.


◉ Chapter 1101
Answer: The law which imposes a code of ethics and standard of
conduct on members of the commission


◉ Commisioners
Answer: responsible for informing employees of their conduct
expectations and responsibilities


◉ Annually
Answer: How often will real estate professionals be formally
evaluated in the workplace?


◉ Bilateral Contract
Answer: An agreement in which both parties give consideration and
promise to perform the actions specified in a contract