2025/2026 Update) 160
Comprehensive Questions &
Answers | Certified Solutions | 100%
Correct | Graded A
Quiz_________________?
When was TREC Created? -
Answer☑️
1939
Quiz_________________?
What Does TREC have the authority to do? -
Answer☑️
Make rules and regulations
Quiz_________________?
How many members are in TREC -
Answer☑️
9 Members
6 Brokers
3 General Public
Quiz_________________?
How are TREC members appointed? -
1
, Answer☑️
By the governor or senate
Quiz_________________?
What happens if a License Holder fails to respond to a subpoena -
Answer☑️
TREC can file a suit with the attorney general
Quiz_________________?
Who writes promulgated contract forms -
Answer☑️
The broker Lawyer Committee
Quiz_________________?
How many members are on the Broker Lawyer Committee? -
Answer☑️
13 Members
6 Brokers - appointed by TREC
6 Lawyers - appointed by state bar association
1 public member appointed by the governor
Quiz_________________?
Where is the Real Estate Center? -
Answer☑️
Texas A&M
Quiz_________________?
2
,How many members are on the Texas A&M advisory Committee? -
Answer☑️
10 appointed by the governor
6 are brokers licensed for 5 years
3 representing the public
1 ex-official representing TREC
Quiz_________________?
How long does a individual have to file a complaint with TREC? -
Answer☑️
4 years from the effective date of contract, or the date of the incident
Quiz_________________?
What does TREC have the power to do? -
Answer☑️
Issue or revoke a Real Estate License
Quiz_________________?
Where are TREC hearings held? -
Answer☑️
Austin, unless a license holder requests the hearing be held in their county
Quiz_________________?
What happens if a license holder fails to respond to a summons from TREC -
Answer☑️
TREC will automatically schedule a revocation/suspension hearing
Quiz_________________?
What can you do if you license is revoked by TREC? -
3
, Answer☑️
You can appeal the decision to the district court
Quiz_________________?
What happens if a person engages in real estate brokerage without having a secured license from TREC?
-
Answer☑️
Guilty of a class A misdemeanor, subject to a fine not more than 4K or imprisonment in the country jail
The broker who profited is liable for 3x's the amount recieved
Quiz_________________?
What is the penalty for violation of the License Act? -
Answer☑️
$5,000 per day for violation of the license act by any person; licensed or unlicensed
Quiz_________________?
What is the Real Estate Recovery Trust Account -
Answer☑️
Created by TREC to pay aggrieved persons who suffered a monetary due to acts of a license holder
Quiz_________________?
How much money can an aggrieved person receive from the recovery trust account? -
Answer☑️
3x's the amount of money lost
Quiz_________________?
What happens if the recovery trust account is less than 1 million? -
Answer☑️
4