Texas Real Estate Principles 1 -
Unit 1 Exam Questions and
Answers 100% Pass
The Committee has _____ members appointed by the Commission. -
CORRECT ANSWER-12
The __________ is a statute that is administered and enforced by the Texas Real
Estate Commission (TREC), which is a state agency. -
CORRECT ANSWER-Real Estate License Act
A successful career in real estate requires someone to: -
CORRECT ANSWER-be a self-started.
A peak is characterized as the __________ turning point of a business cycle. -
CORRECT ANSWER-upper
To be eligible to get a Texas real estate sales agent or broker license, a person must:
-
CORRECT ANSWER-All of the choices apply
, Which of the following is not a duty of TREC? -
CORRECT ANSWER-Creates state laws, statues, and rules
What are changes in business and economic activity that occur within the year? -
CORRECT ANSWER-Short-term fluctuations.
The majority of new licensees begin their careers with a __________ to help
homeowners sell and homebuyers purchase homes. -
CORRECT ANSWER-residential brokerage
Which of the following statements is true regarding NAR and TAR? -
CORRECT ANSWER-All of the choices apply.
Any person who wants to engage in the real estate business and act as a real estate
broker or real estate sales agent within the state of Texas must obtain a license
from the: -
CORRECT ANSWER-Texas Real Estate Commission.
The Education Standards Advisory Committee is responsible for reviewing and
revising: -
CORRECT ANSWER-All of the choices apply.
A(n) __________ is a rule issued by an administrative agency to enforce or amplify
a statute. -
CORRECT ANSWER-regulation
Unit 1 Exam Questions and
Answers 100% Pass
The Committee has _____ members appointed by the Commission. -
CORRECT ANSWER-12
The __________ is a statute that is administered and enforced by the Texas Real
Estate Commission (TREC), which is a state agency. -
CORRECT ANSWER-Real Estate License Act
A successful career in real estate requires someone to: -
CORRECT ANSWER-be a self-started.
A peak is characterized as the __________ turning point of a business cycle. -
CORRECT ANSWER-upper
To be eligible to get a Texas real estate sales agent or broker license, a person must:
-
CORRECT ANSWER-All of the choices apply
, Which of the following is not a duty of TREC? -
CORRECT ANSWER-Creates state laws, statues, and rules
What are changes in business and economic activity that occur within the year? -
CORRECT ANSWER-Short-term fluctuations.
The majority of new licensees begin their careers with a __________ to help
homeowners sell and homebuyers purchase homes. -
CORRECT ANSWER-residential brokerage
Which of the following statements is true regarding NAR and TAR? -
CORRECT ANSWER-All of the choices apply.
Any person who wants to engage in the real estate business and act as a real estate
broker or real estate sales agent within the state of Texas must obtain a license
from the: -
CORRECT ANSWER-Texas Real Estate Commission.
The Education Standards Advisory Committee is responsible for reviewing and
revising: -
CORRECT ANSWER-All of the choices apply.
A(n) __________ is a rule issued by an administrative agency to enforce or amplify
a statute. -
CORRECT ANSWER-regulation
