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TEXAS REAL ESTATE PRINCIPLES 1 EXAM 1
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Trec Commision Membership - ANSWER: 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - ANSWER: 13 Members (6
brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - ANSWER: 18 years
old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - ANSWER: buying, selling
or leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - ANSWER: ensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - ANSWER: acting
negligently or incompetently, comingling money and soliciting or selling offers for
the sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - ANSWER: it must be
taken to the district court in the county where the administrative hearing was held.
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When dealing with a client it is mandatory to give them - ANSWER: A copy of
the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
ANSWER: Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - ANSWER: That
agent has to join the "NAR" National Association of Realtors to be called a
"Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - ANSWER:
FEDERAL LAW that where the only protected class was Race. No one can
discriminate because of RACE.
Civil Rights Act of 1968 - ANSWER: Amended the Civil Rights Act of 1866 to
include race, color, national origin, religion,
Civil Rights Act of 1974 - ANSWER: Amended to include Sex (Male or Female)
Civil Rights Act of 1988 - ANSWER: Amended to include Handicap and Familial
status
Define Handicapped - ANSWER: having a physical or mental disability
(including hearing, mobility, visual impairment, chronic mental illness and AIDS)
that substantially limits one or more major life activities.
TEXAS REAL ESTATE PRINCIPLES 1 EXAM 1
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Trec Commision Membership - ANSWER: 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - ANSWER: 13 Members (6
brokers, 6 lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - ANSWER: 18 years
old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - ANSWER: buying, selling
or leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - ANSWER: ensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - ANSWER: acting
negligently or incompetently, comingling money and soliciting or selling offers for
the sale of real estate by means of a lottery
An appeal can be made on a decision by the commission - ANSWER: it must be
taken to the district court in the county where the administrative hearing was held.
, 2|Page
When dealing with a client it is mandatory to give them - ANSWER: A copy of
the "Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
ANSWER: Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - ANSWER: That
agent has to join the "NAR" National Association of Realtors to be called a
"Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - ANSWER:
FEDERAL LAW that where the only protected class was Race. No one can
discriminate because of RACE.
Civil Rights Act of 1968 - ANSWER: Amended the Civil Rights Act of 1866 to
include race, color, national origin, religion,
Civil Rights Act of 1974 - ANSWER: Amended to include Sex (Male or Female)
Civil Rights Act of 1988 - ANSWER: Amended to include Handicap and Familial
status
Define Handicapped - ANSWER: having a physical or mental disability
(including hearing, mobility, visual impairment, chronic mental illness and AIDS)
that substantially limits one or more major life activities.
