Texas real estate state Study guides, Class notes & Summaries

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

Texas Real Estate State Exam Questions and Answers 100% Pass When was TREC created? 1947 TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. subpoena books, records, and witnesses and issue and revoke real estate licenses If your license is revoked by TREC... You can appeal the decision to the district court Who...

When was TREC created? 1947 TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen TREC has how many commission members? 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. subpoena books, records, and witnesses and issue and revoke real estate licenses ...

How many members in TREC? correct answer: 9: 3 general public, 6 brokers Who appoints, confirms TREC members? correct answer: Governor appoints, senate approves How many members on the Broker-Lawyer Committee? correct answer: 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members? correct answer: Brokers/TREC, Lawyers/Pres of State Bar, Public Member/Governor Where is the Real Estate Advisory Committee? correct answer: Texas A & M Who is on the...

In the State of Texas who is allowed to use a customized real estate contract? The real estate brokerage company The salesperson The broker Lawyers licensed to practice in Texas - Answer- Lawyers licensed to practice in Texas Marcy is 17 and married. Her spouse is stationed in the Middle East. She purchased a home shortly before Stan, her husband returns to the United States. Select a problem that exists with this situation. Offer and acceptance issue Competency issue Consideration iss...

When was TREC created? correct answer: 1947 TREC has the authority to.. correct answer: make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? correct answer: 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. correct answer: subpoena books, records, and witnesses and issue and revoke real estate licenses If your license is revoked by TREC... correct answer: You can appeal the dec...

TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE. Which of the following is not a characteristic of value of land? (type out the answer) -Demand -Utility -Scarcity -Taxes -Transferability? taxes  How do you calculate Tax? tax rate x assessed value  form of ownership used by married couples who do not live in a state with community property-has downer and curtesy rights? Tenancy by entirety  two or more people acquire property but ownership is not equal? Tenants in common ...

Texas Real Estate Exam STATE portion Questions And Answers.

Designated Agent correct answer: A licensee appointed by a broker in a dual agency situation to work with either the buyer or the seller in the transaction Appointed Associate correct answer: A licensee appointed by a broker in Texas in an intermediary situation to work with either the buyer or the seller in the transaction. Open Listing correct answer: A listing where a seller reserves the right to list with as many brokers as he chooses- he also reserves the right to sell the property...

When was TREC created? - correct answer 1947 TREC has the authority to.. - correct answer make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? - correct answer 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. - correct answer subpoena books, records, and witnesses and issue and revoke real estate licenses If your license is revoked by TREC... - correct answer You can appe...