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| An individual who lists or offers or attempts to list real estate for sales, rental, lease, exchange, or trade is exempt from having a real estate license T/F? |
F |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| A person may be removed from inactive status on proof of attendance of at LEAST how many classroom hours of continuing education during the two-year period preceding the filing of application? |
15 |
0 |
gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| A listing contract must include a provision informing the parties to the contract that real estate commissions are negotiable T/F? |
T |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| Which entity may draft and revise standardized contract forms for use by real estate licensees? |
Texas Real Estate Broker-Lawyer Committee |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| The Texas Real Estate License Act prescribes a maximum amount for each fee collected by TREC T/F? |
F |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| The commission may issue or renew a license for a period NOT to exceed 24 months T/F? |
T |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| A member may be removed from the commission if he or she is absent for more than how many of the regularly scheduled meetings? |
One-Half |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| The License Act is administered by the Texas Real Estate Commission T/F? |
T |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| Courses for the renewal of a salesperson license during the first year after licensing are referred to as |
Salesperson Annual Education (SAE) |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| If a position filled by a State Bar appointee to the Texas Real Estate Broker-Lawyer Committee is vacated, that position may be filled by either a State Bar appointee or a Real Estate Commission appointee T/F? |
F |
0 |
gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| An attorney-at-law who is involved in real estate transactions is exempt from having a real estate license T/F? |
T |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| The commission may NOT prohibit a license holder from using for the sale, exchange, option, or lease of an interest in real property a contract form that is prepared by an attorney and required by the property owner or prepared |
By the property owner |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| To be eligible for a license, an applicant must be a resident of Texas |
At the time of filing the application |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| A person is NOT eligible for appointment as a public member of the commission if that person owns more than how much of an interest in an entity regulated by or receiving funds from the commission? |
10% |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| An individual conducting a real estate transaction under a court order or under the authority of a will or trust instrument is required to have a real estate license T/F? |
F |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| The commission may NOT restrict competitive bidding or advertising by individuals who are regulated by the commission T/F? |
T |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| Mandatory Continuing Education (MCE) courses are required each year before a real estate license can be renewed T/F? |
F |
0 |
gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| Members of the Texas Real Estate Broker-Lawyer Committee hold office for staggered terms of how many years? |
6 yrs |
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gettarb Tue, 26 Oct 2010 18:13:10 GMT |
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| To be eligible to receive a real estate license in Texas, a person must have a high school diploma or its equivalent (GED) T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| MCE renewal hours must contain 15 hours of legal topics T/F? |
F |
0 |
gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| Once appointed to the Texas Real Estate Commission, a member may not be removed if he or she does NOT maintain the required qualifications for membership so long as the individual was qualified at the time of appointment T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| The commission is NOT authorized to subpoena witnesses and/or require production of books, accounts, records, correspondence, or documents relevant to the investigation of alleged violations of the Texas Real Estate License Act T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| The Texas Broker-Lawyer Committee must develop and implement policies that separate the policymaking responsibilities of the commission from the management responsibilities of the administrator and staff T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| A licensee may be investigated on the grounds of an anonymous complaint received by the commission T/F? |
F |
0 |
gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| A person licensed as a broker in another state may receive a nonresident broker's license from Texas through a reciprocity agreement with all other states T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| A partnership or limited liability partnership acting as a broker or real estate salesperson through a partner who is a licensed broker is exempt from having a real estate license T/F? |
T |
0 |
gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| As soon as a salesperson applicant has passed the state exam, he or she may begin listing, selling, or managing real property for others for compensation T/F? |
F |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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| Each applicant for renewal of license must disclose in license application whether applicant has entered plea of guilty or nolo contendere to a felony T/F? |
T |
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gettarb Tue, 26 Oct 2010 16:42:28 GMT |
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