TREC STATE Study guides, Class notes & Summaries

TREC STATE EXAM Questions with 100% correct answers 2024

TREC STATE EXAM Questions with 100% correct answers 2024

1. TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do? (a) TREC can assess an administrative penalty against the license holder for up to $4,000. (b) TREC can immediately revoke the license of the license holder without a hearing. (c) TREC can file suit with the Attorney General to enforce the subpoena. (d) TREC can ...

When was TREC Created? - correct answer 1939 What Does TREC have the authority to do? - correct answer Make rules and regulations How many members are in TREC - correct answer 9 Members 6 Brokers 3 General Public How are TREC members appointed? - correct answer By the governor or senate What happens if a License Holder fails to respond to a subpoena - correct answer TREC can file a suit with the attorney general Who writes promulgated contract forms - correct answer ...

An individual is exempt from being required to have a real estate license in Texas when performing which one of the following activities? - Answer- Offering an employer's property for rent The Texas Real Estate Commission is composed of - Answer- six brokers and three public members appointed by the governor with senate approval All of the following are true about discount points EXCEPT: - Answer- Discount points must be part of all contracts A real estate licensee must use a TREC prom...

When was TREC Created? - Answer- 1939 What Does TREC have the authority to do? - Answer- Make rules and regulations How many members are in TREC - Answer- 9 Members 6 Brokers 3 General Public How are TREC members appointed? - Answer- By the governor or senate What happens if a License Holder fails to respond to a subpoena - Answer- TREC can file a suit with the attorney general Who writes promulgated contract forms - Answer- The broker Lawyer Committee How many members are o...

TREC-State Exam Prep 2023-2024 with Complete SolutionsTREC-State Exam Prep 2023-2024 with Complete SolutionsTREC-State Exam Prep 2023-2024 with Complete Solutions Business should be conducted in a manner which: (a) Maintains maximum profitability to the inspector (b) Assures the client of the inspector's independence from outside influences (c) Presents a neat and clean appearance (d) Compromises the inspector's ability to render fair and impartial opinions - ANSWER-Assures the cl...

Business should be conducted in a manner which: (a) Maintains maximum profitability to the inspector (b) Assures the client of the inspector's independence from outside influences (c) Presents a neat and clean appearance (d) Compromises the inspector's ability to render fair and impartial opinions Assures the client of the inspector's independence from outside influences All advertising distributed by real estate inspectors must include: (a) The name of the inspector or...

Business should be conducted in a manner which: (a) Maintains maximum profitability to the inspector (b) Assures the client of the inspector's independence from outside influences (c) Presents a neat and clean appearance (d) Compromises the inspector's ability to render fair and impartial opinions - Answer- Assures the client of the inspector's independence from outside influences All advertising distributed by real estate inspectors must include: (a) The name of the inspect...