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ICA > Module 5 Section 1 > Flashcards

Module 5 Section 1 Flashcards

1
Q

a person who is training under the direct supervision of a professional inspector or real estate inspector to become qualified to perform real estate inspections.
a. professional inspector
b. licensed inspector
c. apprentice inspector

A

apprentice inspector

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2
Q

a person who, in exchange for a commission or other valuable consideration, performs for another person one of the following acts: sells, exchanges, purchases, or leases real estate, etc.
a. broker
b. agent
c. banker

A

broker

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3
Q

Texas Real Estate Commission, also known as:
a. Texas Real Estate
b. Commission
c. Agency

A

Commission

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4
Q

Texas Real Estate Inspector Committee also known as:
a. Committee
b. Agency
c. Brokerage

A

Committee

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5
Q

educational course approved by the commission that relates to real estate inspection, including a course on structural items, electrical, mechanical systems, plumbing, roofing, business law, standards of practice, report writing, appliances, or ethics:
a. Core Inspection Training
b. Core Inspectors Training Program
c. Core Real Estate Inspection Course

A

Core Real Estate Inspection Course

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6
Q

person who holds a license under this chapter
a. Inspector
b. Broker
c. Real Estate Agent

A

Inspector

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7
Q

apprentice inspector license, real inspector license, or professional inspector license
a. License
b. Certified
c. Official

A

License

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8
Q

person who represents to the public that the person is trained & qualified to perform a real estate inspection & who accepts employment to perform a real estate inspection for a buyer or seller of real property
a. Agent
b. Broker
c. Professional Inspector

A

Professional Inspector

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9
Q

written or oral opinion as to the condition of the improvements to real property, including structural items, electrical items, mechanical systems, plumbing, or equipment
a. Conditions Inspection
b. Real estate inspection
c. Contractual agreement

A

Real estate inspection

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10
Q

person who represents to the public that the person is trained & qualified to perform a real estate inspection under the indirect supervision of a professional inspector & who accepts employment to perform a real estate inspection for a buyer or seller of real property
a. Real estate broker
b. Real estate professional
c. Real estate inspector

A

Real estate inspector

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11
Q

a person who is sponsored by a licensed broker for the purpose of performing an act described by Subdivision (1)
a. Mortgager
b. Salesperson
c. Broker Representative

A

Salesperson

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12
Q

Are legible fingerprints required by the commission to apply or renew a license under the chapter?
Yes/No

A

Yes

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13
Q

Liability insurance must be maintained at a minimum limit per occurrence of what amount?
a. $100,00
b. $150,000
c. $200,000

A

$100,000

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14
Q

Who can recommend rules for licensing inspectors in the state including rules to examination, education, & continuing education?
a. Texas governing commission
b. The Committee
c. Real Estate Inspectors Group

A

The Committee

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15
Q

Does Chapter 1102 outline license requirements for professional inspectors?
Yes/No

A

Yes

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16
Q

Can the commission refuse to issue a license or renew the license of a person who does not comply with the requirements?
Yes/No

A

Yes

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17
Q

Minimum frequency of exams offered by commission
a. once every 2 weeks
b. once every month
c. once every 2 months

A

once every 2 months

18
Q

time length granted to satisfy examination requirements once an application is submitted
a. before the 1st anniversary
b. 1.5 years
c. 2 years

A

before 1st anniversary

19
Q

What date will the commission notify results to an examinee after they took the exam?
a. 1 weeks
b. 2 weeks
c. 30th day

A

30th day

20
Q

By what date will the commission notify results to an examinee after the commission receives the results from a national service?
a. 7 days
b. 14 days
c. 21 days

A

14th day

21
Q

How much does a person pay to renew a license that has been expired for less than 90 days?
a. .5 times the fee
b. 1 times the fee
c. 1.5 times the fee

A

1.5 times the fee

22
Q

How much does a person pay to renew a license that has been expired for more than 90 days, but less than 6 months?

A

2 times the fee

23
Q

May a license be renewed if it has been expired for 6 months or more?
Yes/No

A

No

24
Q

If license has lapsed for more than 6 months, what must the licensee do?

A

submit to requirements for obtaining an original license, and/or re-examination

25
Q

At the renewal, an applicant for a license must disclose what?

A

plea of guilty or conviction of a felony

26
Q

required amount of continuing education per year of the license period preceding the renewal
a. 10 hours
b. 16 hours
c. 25 hours

A

16 hours

27
Q

The _________collects & charges fees necessary to cover the cost of applications for licensing & examinations

A

The commission

28
Q

An inspector may not perform a real estate inspection in what kind of manner?

A

negligent or incompetent manner

29
Q

Can the fee for an inspection be contingent on reporting a specific, predetermined condition of the improvements to real property? Yes/No

A

No

30
Q

Can specific findings other than those that the inspector knows to be true reported for a fee? Yes/No

A

No

31
Q

What does the commission maintain in order to reimburse aggrieved persons who suffer damages from an inspector’s act in violation of Subchapter G?
a. Real Estate Inspector Recovery Fund
b. Commission Recovery Fund
c. TREC Recovery Fund

A

Real Estate Inspector Recovery Fund

32
Q

The dollar amount to not be exceeded in payment by a person who passes a license examination
a. $100
b. $200
c. $300

A

$200

33
Q

The amount in which additional payments from inspectors are required to bring the balance back to $450,000

A

$300,000

34
Q

Can the Real Estate Inspector Recovery Fund be invested as long as it doesn’t impact the ability to make payment for claims? Yes/No

A

Yes

35
Q

Who must notify the commission in writing when an aggrieved person brings an action for judgment against an inspector in which the fund may make payment?
a. Broker
b. Inspector
c. Commissioner

A

Inspector

36
Q

Who orders the commission to make payment for the fund?

A

the court, once a judgment is ruled upon

37
Q

Max amount paid from the fund for a single claim inclusive of court costs & attorney fees, regardless of the number of claimants
a. $12,500
b. $15,000
c. $20,000

A

$12,500

38
Q

Max amount paid from fund for a single inspector’s judgment
a. $10,000
b. $20,000
c. $30,000

A

$30,000

39
Q

The ____________ may investigate the actions of an inspector & reprimand the inspector?

A

The commission

40
Q

Can an administrative penalty be imposed on an inspector for violating rules adopted under Chapter 1102 or Chapter 1101? Yes/No

A

Yes

ICA (52 decks)

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