Chapter 7 Texas Real Estate License Act Flashcards by Revyn Douglas | Brainscape

Q

What year was the Texas real estate act passed?

A

1939

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Q

True or false: the designated officer of a licensed real estate corporation, or the designated manager of a licensed real estate limited liability company must be licensed as a broker

A

True

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Q

True or false: out-of-state attorneys must have a real estate license in order to have real estate transactions in Texas

A

True

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Q

What year was the Texas real estate commission created?

A

1949

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Q

What is a nonmember commission whose primary purpose is to carry out the provisions of the Texas real estate license act

A

TREC

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Q

TREC MAY

A

Issue, sales agent, and broker licenses and also revoke or suspend licenses

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