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Exam (elaborations)

TREC Top Exam Questions and answers, 100% Accurate. Rated A+

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TREC Top Exam Questions and answers, 100% Accurate. Rated A+ License Act of 1973 - -Governs RE practice in TN What does trec stand for - -Tennessee real estate *commissiion* What department is the TREC in - -department of commerce and insurance develop rules & regulations to enforce License Act TREC can revise statutory law How many TREC members - -9 3 in each region TREC membership appointed by? serving time? - -governor serve 5 years & may be reappointed once How to ensure minority within trec members - -1 must be 60 or older 1 must be of racial minority What is the membership composition - -7 are license must be licensed: 5 year experience 2 public members What are the public member requirements - -no license and can't be in in RE business What is TREC responsible for? - -1. licensing and regulating real estate practice 2. enforcing License Act

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