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Exam (elaborations)

Texas Real Estate Law QUESTIONS AND ANSWERS RATED A+ 2024/2025

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Texas Real Estate Law QUESTIONS AND ANSWERS RATED A+ 2024/2025

Institution
Texas RE Law SAE
Course
Texas RE Law SAE








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Institution
Texas RE Law SAE
Course
Texas RE Law SAE

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Uploaded on
September 21, 2024
Number of pages
3
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • texas re law sae

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Texas Real Estate Law

What are thepurposes of TRELA(Texas Real Estate License Act)? - ANSProtect the public,
minimal requirements for licensing,preserve excessive requirements, protect licensees from
unfair competition.

What is the number one motive of TRELA? - ANSProtect the general public

Can a real property salesperson pay a finder's price to anybody who presents a certified lead? -
ANSNo he can not

TRELA does now not require licensing for those promoting: - ANSBusiness possibilities:
example franchises, mall espresso save

Name 4 corporations that don't need real property license to sale actual estate - ANSAttorney,
lawyer in truth, sheriff, auctioneer

If you're the executor of a will do you need a actual property license to conduct a actual estate
transaction? - ANSNo

If you offer to promote,change,purchase, or rent actual property do you need a actual property
license ? - ANSYes you ought to

Do you want a actual estate license to do an appraisal? - ANSYes

Do on-web site apartment managers want a real property license? - ANSNo

How many participants does TREC have? - ANS9

The governor appoints a presiding officer over TREC. What have to this character be? - ANSA
certified broking

What is the TREC administer for? - ANSManages all TREC subordinates

Who appoints the TREC administrator? - ANSThe Texas Real Estate Commission

Which entity adopts and enforces rules important to administer TRELA? - ANSTREC

What does TREC require be prominently displayed in a place of business of one regulated
beneath TRELA - ANSConsumer Information Form 1-1

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