Texas auctioneer license Study guides, Class notes & Summaries
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Texas Auctioneer License-Part 2 100% CORRECT SOLUTIONS
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Texas Auctioneer 
License-Part 2 100% 
CORRECT SOLUTIONS 
Name some persons that are exempt from needing an auctioneer license. - ANSWER 
1. U.S. court ordered sale 
2. A government sponsored or conducted sale. 
3. A charitable organization as long as no compensation 
4. A sale of real property by a trustee under a security instrument. 
5.A sale of real property by an owner with an interest or employee (unless he/she is a 
licensed auctioneer by trade) and all property is under a security i...
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest.
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. 
What kind of professionals manage the legal aspects of a development project? 
Real Estate attorneys, title companies, surveyors, property insurance companies and 
government regulatory officials 
What types of professionals are involved in the transfer of rights and interest in Real 
Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, 
Mortgage Bankers, Appraisers, Insurers 
Property...
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest.
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. 
What kind of professionals manage the legal aspects of a development project? 
Real Estate attorneys, title companies, surveyors, property insurance companies and 
government regulatory officials 
What types of professionals are involved in the transfer of rights and interest in Real 
Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, 
Mortgage Bankers, Appraisers, Insurers 
Property ...
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Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest.
- Exam (elaborations) • 22 pages • 2023
- Available in package deal
-
- $12.99
- + learn more
Texas Principles of Real Estate Express Exam Questions & Answers Updated Latest. 
What kind of professionals manage the legal aspects of a development project? 
Real Estate attorneys, title companies, surveyors, property insurance companies and 
government regulatory officials 
What types of professionals are involved in the transfer of rights and interest in Real 
Estate? Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, 
Mortgage Bankers, Appraisers, Insurers 
Property ...
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Texas State Exam questions fully solved & updated 2024
- Exam (elaborations) • 11 pages • 2024
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TREC 
9 members all appointed by govorner 
-6 broker members 
-3 non-licensed members with no financial interest in real estate 
 
 
 
TREC Functions 
-Enforce TRELA 
-Adopt and enforce rules of real estate practice 
-deals with licensing(issuing, revoking, reinstating) 
-protect consumers from fraudulent activity of license holders 
 
 
 
 
Broker-Lawyer Committee 
13 members 
-6 attorneys appointed by bar 
-6 brokers appointed by TREC 
-1 public member 
creates, edits, and recommends contract ...
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TEXAS REAL ESTATE PREP EXAM AND ANSWERS GRADED A+ 2024.
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List the 15 classifications/persons that are EXEMPT from Real Estate Licensing. - Answer Texas Licensed Attorneys; Court Appointed Receivers, Trustees, Guardians and Sheriffs; Administrators & Executors of a will; On-site-Apartment Managers; New Home Sales Persons working for ONE builder or owner; Cemetery Lot Salesperson; FSBO; An Employee leasing or renting property for the owner; Hotel/Motel Personnel; An Attorney-In-Fact; An Auctioneer CALLING in a Real Estate Auction; Anyone selling a Mo...
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Texas Real Estate Exam; STATE portion questions and answers 100% guaranteed success.
- Exam (elaborations) • 10 pages • 2024
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Texas Real Estate Exam; STATE portion questions and answers 100% guaranteed success. 
 
 
 
 
 
 
 
 
 
 
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...
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Texas Auctioneer License-Part 1 graded A+ by Experts 2024/2025
- Exam (elaborations) • 5 pages • 2024
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Texas Auctioneer License-Part 1 graded A+ by Experts 2024/2025
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Certified General Appraiser Exam Test Questions and Answers
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Attorneys Must have a real estate license to participate in a commission split. 
 
Attorneys can handle a real estate transaction for a client for a fee as long as they do not participate in broker to broker commission split. Any attorney licensed in a state other than Texas will need to be licensed in Texas (as a attorney) to handle a real estate transaction for a client for a fee in Texas. 
An Attorney-in-fact 
 
Auctioneers Must have license if involved in any part of a real estate transacti...
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Texas Real Estate State Test Questions Fully Solved 2024.
- Exam (elaborations) • 13 pages • 2024
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Who has the authority to make rules and regulations? - Answer TREC (not the state) 
 
What does TREC stand for? - Answer Texas Real Estate Commission 
- power to issue or revoke real estate licenses 
1949 to administer License act 
Authority to make rules and regulations 
 
TREC has how many members? - Answer 9 
3 represent the general public, 6 are real estate brokers 
All are appointed by the governor and approved by the Senate 
They serve for 6 yr terms 
 
subpoena - Answer basica...
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