Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score.

Texas Real Estate Principles 1 - Unit 1 Exam questions and answers latest top score. The Committee has _____ members appointed by the Commission. - correct answers.12 The __________ is a statute that is administered and enforced by the Texas Real Estate Commission (TREC), which is a state agency. - correct answers.Real Estate License Act A successful career in real estate requires someone to: - correct a self-started. A peak is characterized as the __________ turning point of a business cycle. - correct To be eligible to get a Texas real estate sales agent or broker license, a person must: - correct answers.All of the choices apply Which of the following is not a duty of TREC? - correct answers.Creates state laws, statues, and rules What are changes in business and economic activity that occur within the year? - correct answers.Short-term fluctuations. The majority of new licensees begin their careers with a __________ to help homeowners sell and homebuyers purchase homes. - correct ential brokerage Which of the following statements is true regarding NAR and TAR? - correct answers.All of the choices apply. Any person who wants to engage in the real estate business and act as a real estate broker or real estate sales agent within the state of Texas must obtain a license from the: - correct answers.Texas Real Estate Commission. The Education Standards Advisory Committee is responsible for reviewing and revising: - correct answers.All of the choices apply. A(n) __________ is a rule issued by an administrative agency to enforce or amplify a statute. - correct ation A __________ is a voluntary nonprofit organization of independent and competing business units engaged in the same industry or trade, formed to help solve industry problems, promote progress, and enhance service. - correct association Which of the following is true regarding the employee tax status for real estate sales agents or broker-sales agents? - correct answers.All of the choices apply. Which of the following gives buyers the best opportunity to purchase real estate? - correct answers.Trough In addition to the legal and ethical requirements, to be eligible to get a Texas real estate sales agent or broker license, the applicant must: - correct complete the required courses of study and pass the state licensing examination. Real estate agents who do not comply with the duties and obligations required by law may be subject to: - correct answers.All of the choices apply. Any form of online presence that allows end users to engage in multi-directional conversations in or around the content on the website is referred to as: - correct answers.Social Media Advertisements must include a designation, such as __________, that identifies the advertiser as a real estate agent. - correct of the choices apply The two main types of real estate licenses are the: - correct r's license and sales agent's license. __________ is written law enacted by state (or federal) legislative bodies. - correct answers.Statutory law What encompasses the activities a sales agent performs in order to seek out potential clients? - correct answers.Prospecting The Education Standards Advisory Committee was created in: - correct answers.2012. If a real estate salesperson closes on a transaction, who pays the salesperson their commission? - correct answers.The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? - correct answers.Market Comparison Approach The market comparison approach is commonly used for this property type? - correct answers.Residential The amount of goods offered for sale within a given market at a given price during a given time period is known as? - correct answers.Supply A real estate agent is an example of what type of agent? - correct answers.Special agent