Texas real estate state Study guides, Class notes & Summaries

Texas Real Estate State Exam

TEXAS REAL ESTATE BROAKERAGE SAE FINAL EXAMS AND PRACTICE EXAMSAND STUDY GUIDE EXAMS WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALE ANSWERS 2024 (NEWEST) ALREADY GRADED A+

Chapter 2 Licensing correct answer: Sales Exam 2 questions Person who is exempt from Real Estate license in Texas correct answer: 1. Texas licened attorney who will not get comission split 2. Court apppointed receiver, Trustee, Guardian, and Sherifs any who is in charge for foreclosure 3. Administrator and executor of a will 4. Onsite apartment managaer 5. New home sale agent working for one builder or owner 6. Cemetery Lot agent 7. FSBO 8. Employee who lease or rent for owner 9. Co...

TEXAS REAL ESTATE STATE EXAM 2024 WITH 100% ACCURATE SOLUTTIONS 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 ...

Texas Real Estate State Exam

Texas Auctioneer License Part 1 Exam With Verified Solutions 2023/2024. Does an auc*oneer need a federal firearms license? Yes AND No; if estate sale then no, consignment sale then yes If an auc*oneer sales a firearm away from their business loca*on, how do they transfer to buyer? It must be returned to their business loca*on before transferring. Who determines the auc*oneers fee in federal bankruptcy court? The court sets the fee. Who must obtain a firearms license? Persons in the busi...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Texas Real Estate State Exam

Broker (Ans- a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts, including helping another person to conduct a real estate transaction TRELA (Ans- The Real Estate License Act (TRELA), a broker is the agent for the buyer or the seller, or in some cases, both parties, in negotiating the sale, purchase, or renting of property. A brok...

Texas Real Estate State Exam