texas state practice Flashcards
An example of a TREC promulgated contract is:
the Farm and Ranch Contract
What is the statute of limitations for the submission of consumer complaints to the Texas Real Estate Commission?
four years
Who can brokers only authorize to withdraw or transfer money from a trust account?
license holders
In addition to onsite apartment managers, homeowners selling their own property, and licensed attorneys in the state, which of the following would also be exempt from TRELA’s requirement for licensure to practice real estate?
an auctioneer taking bids on a property
Which of these does NOT qualify as an exemption to the requirement that license holders provide a copy of the IABS Notice to a person with whom they have a “substantive dialogue”?
a license holder talks to their neighbor about the possibility of helping them sell their home
The Seller’s Disclosure Notice meets the requirement of the:
Texas Property Code
How many years’ active experience as a Texas license holder must an applicant have in order to be eligible for consideration for a broker’s license?
four years
TREC’s Canons of Professional Ethics and Conduct are:
not laws but rules of conduct
How many TREC promulgated amendment forms are there?
one
Unless given written consent from their sponsoring broker, which of these people can a salesperson receive payment from?
their sponsoring broker
