Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
1. TREC has received an application False: TREC has 30 days to complete the
background
for a Texas Real Estate Sales License check.
from Mary.
to activate the license.
Mary has completed all her
edu-cational requirements, and What will he have to do?
passed the state exam. At
this point TREC will begin the
background check.
What is FALSE?
(a) TREC has no time limit for
deter-mining integrity
(b)TREC has 30 days to
complete the background
check
(c)TREC has 30 days to notify
Mary of a decision to
disapprove her ap-plication
(d)Mary has 10 days to
appeal a denial of her
application
2. Marcos was a TX licensed Real
Es-tate Sales agent for some
time. He then chose to
become inactive and TREC has
been holding his license in
inactive status. He now wishes
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
DEF: TREC has no limit on days to review your
applica-tion or complete your background check.
They have 30 days to notify you of their decision and
you have 10 days to appeal that decision.
Apply through a broker, pay *$50* and take a *18-
hour* continuing education course
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
3. A license holder has defaulted *Refuse to renew the license*, unless and until, the
on his student loans. loan payments are brought up to date.
As a result of this TREC will?
4. Does the IABS disclose
Agency Interest
agency or personal interest?
5. When a license holder markets
Inform the buyer that he is a license holder, and
his own property he should?
the owner of the property.
DEF: Per TRELA you must always disclose self,
spouse, parent or child is involved in a real estate
transaction.
The IABS discloses agency not personal interest.
There is no TREC promulgated form solely
intended for this disclosure although paragraph
4 of the TREC contracts are now used for this.
6. A Texas broker may pay a Not mentioning your personal interest in a
commis-sion to? transaction is illegal.
A foreign broker who doesn't negotiate in Texas.
DEF: Any licensed broker outside of Texas is
considered
(a) A foreign broker who doesn't ne- a foreign broker and may be paid a
referral fee out of
gotiate in Texas (d)Any unlicensed person for
a re-ferral
(b)A licensed attorney in Texas
(c)An in-house employee of a
prin-cipal
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
our commission.
Attorneys must also have a real estate license. In-house
employees must have a license.
Only licensed brokers in Texas can receive a real estate
commission in Texas.
Verified Answers |Latest Version |Already Graded A+
1. TREC has received an application False: TREC has 30 days to complete the
background
for a Texas Real Estate Sales License check.
from Mary.
to activate the license.
Mary has completed all her
edu-cational requirements, and What will he have to do?
passed the state exam. At
this point TREC will begin the
background check.
What is FALSE?
(a) TREC has no time limit for
deter-mining integrity
(b)TREC has 30 days to
complete the background
check
(c)TREC has 30 days to notify
Mary of a decision to
disapprove her ap-plication
(d)Mary has 10 days to
appeal a denial of her
application
2. Marcos was a TX licensed Real
Es-tate Sales agent for some
time. He then chose to
become inactive and TREC has
been holding his license in
inactive status. He now wishes
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
DEF: TREC has no limit on days to review your
applica-tion or complete your background check.
They have 30 days to notify you of their decision and
you have 10 days to appeal that decision.
Apply through a broker, pay *$50* and take a *18-
hour* continuing education course
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
3. A license holder has defaulted *Refuse to renew the license*, unless and until, the
on his student loans. loan payments are brought up to date.
As a result of this TREC will?
4. Does the IABS disclose
Agency Interest
agency or personal interest?
5. When a license holder markets
Inform the buyer that he is a license holder, and
his own property he should?
the owner of the property.
DEF: Per TRELA you must always disclose self,
spouse, parent or child is involved in a real estate
transaction.
The IABS discloses agency not personal interest.
There is no TREC promulgated form solely
intended for this disclosure although paragraph
4 of the TREC contracts are now used for this.
6. A Texas broker may pay a Not mentioning your personal interest in a
commis-sion to? transaction is illegal.
A foreign broker who doesn't negotiate in Texas.
DEF: Any licensed broker outside of Texas is
considered
(a) A foreign broker who doesn't ne- a foreign broker and may be paid a
referral fee out of
gotiate in Texas (d)Any unlicensed person for
a re-ferral
(b)A licensed attorney in Texas
(c)An in-house employee of a
prin-cipal
, Champions Exam Prep: State Questions with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
our commission.
Attorneys must also have a real estate license. In-house
employees must have a license.
Only licensed brokers in Texas can receive a real estate
commission in Texas.
