Texas auctioneer license Study guides, Class notes & Summaries

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...

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...

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 ...

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 ...

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 ...

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...

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...

Texas Auctioneer License-Part 1 graded A+ by Experts 2024/2025

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...

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...