360 Training Texas Real Estate Principle 1 Question and answers rated A+

360 Training Texas Real Estate Principle 1 Question and answers rated A+Do it or Don't: Use only those contract forms promulgated by the Texas Real Estate Commission for that kind of transaction. - correct answer Do it Do it or Don't: Give advice or opinions as to the legal effect of any contracts or other instruments that affect the title to real estate. - correct answer Don't Do it or Don't: Fill in the blanks in TREC-promulgated forms and add factual statements and business details desired by the principals. - correct answer Do it Do it or Don't: Disclose to consumers and contract parties whom you represent. - correct answer Do it Do it or Don't: Keep material information and latent defects confidential. - correct answer Don't Do it or Don't: Commingle brokerage funds with client funds. - correct answer Don't Physical or Economic Characteristic: Uniqueness - correct answer Physical Physical or Economic Characteristic: Immobility - correct answer Physical Physical or Economic Characteristic: Fixity - correct answer Economic Physical or Economic Characteristic: Situs - correct answer Economic Physical or Economic Characteristic: Scarcity - correct answer Economic Salesperson Or Broker: Sponsored by another license holder - correct answer Salesperson