Texas Real Estate Law - SAE Champions School
Of Real Estate Exam
1). Trela-
Ans: Texas Real Estate Licensing Act
2). Purpose of trec and trela-
Ans: to protect the public of the state of texas
3). What is the law that governs all real estate licensess?
Ans: Texas Real Estaet License Act, and sets the powers of TREC.
4). How do you know if a real estate license is required?
Ans: Three prong test
Activity or Dealing in Real Property
For Compensation
for Others
5). Acronym to determine if you need a license?
Ans: LL BEANS. Required if any of the following are done for compensation:
Lists
Leases
Buys
Exchanges
Auctions
Negotiations
Sells
6). What is the charge for practicing without a license?
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, Ans: Class A Misdemeanor
7). What is practicing without a license punishment?
Ans: 4000 Fine
And or Up to one year in Jail
8). When punishes by a court, what may a court do?
Ans: 1-3 times the amount of compensation earned while practicing without a license
9). Trec recognizes what two levels in the responsibilities of licenses?
Ans: SalesPerson License
10). Salesperson license-
Ans: No experience Required
- 18 years old
- Must be a resident of Texas at time of filing
- work under supervision of a principal or sponsoring broker.
11). What are complete requirements of a salesperson?
Ans: 12 semester or 180 hours
1- 4 semesters of 60 hours of principles of real estate
2- 2 Semesters or 30 hours each of agency, contracts, contract forms and addenda, and
real estate finance
12). Delegated licensee-
Ans: A licensee/broker who manages one or more licenses for 6 months or longer.
13). Certification of registration-
Ans: A person who receives compensation for selling, buying, transferring, or leasing
rights of ways in connection with telecommunication, utility, railroad or pipeline
companies
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, 14). What must a certificate of registration holder must have?
Ans: Active sales license
Certificate of Registration
15). How long is certificate of registration?
what education is required?
can it be revoked?
Ans: 2 years
no education
Can be revoked
16). What happens if trec declines a notice?
Ans: - Trec must immediately give written notice and
- appeals are allowed
- probationary period may be used.
17). Licensees with inactive or expired license, you are prohibited form what?
Ans: Practicing Real Estate
18). Who administers?
Ans: Testing service
19). What test taker may not do:
Ans: - get questions or answers
- remove or attempt to remove questions or answers from the exam site
- Provide or attempt to provide exam questions to another person
20). What are two portions of exam?
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Of Real Estate Exam
1). Trela-
Ans: Texas Real Estate Licensing Act
2). Purpose of trec and trela-
Ans: to protect the public of the state of texas
3). What is the law that governs all real estate licensess?
Ans: Texas Real Estaet License Act, and sets the powers of TREC.
4). How do you know if a real estate license is required?
Ans: Three prong test
Activity or Dealing in Real Property
For Compensation
for Others
5). Acronym to determine if you need a license?
Ans: LL BEANS. Required if any of the following are done for compensation:
Lists
Leases
Buys
Exchanges
Auctions
Negotiations
Sells
6). What is the charge for practicing without a license?
PaperStoc.com Page 1 of 18
, Ans: Class A Misdemeanor
7). What is practicing without a license punishment?
Ans: 4000 Fine
And or Up to one year in Jail
8). When punishes by a court, what may a court do?
Ans: 1-3 times the amount of compensation earned while practicing without a license
9). Trec recognizes what two levels in the responsibilities of licenses?
Ans: SalesPerson License
10). Salesperson license-
Ans: No experience Required
- 18 years old
- Must be a resident of Texas at time of filing
- work under supervision of a principal or sponsoring broker.
11). What are complete requirements of a salesperson?
Ans: 12 semester or 180 hours
1- 4 semesters of 60 hours of principles of real estate
2- 2 Semesters or 30 hours each of agency, contracts, contract forms and addenda, and
real estate finance
12). Delegated licensee-
Ans: A licensee/broker who manages one or more licenses for 6 months or longer.
13). Certification of registration-
Ans: A person who receives compensation for selling, buying, transferring, or leasing
rights of ways in connection with telecommunication, utility, railroad or pipeline
companies
PaperStoc.com Page 2 of 18
, 14). What must a certificate of registration holder must have?
Ans: Active sales license
Certificate of Registration
15). How long is certificate of registration?
what education is required?
can it be revoked?
Ans: 2 years
no education
Can be revoked
16). What happens if trec declines a notice?
Ans: - Trec must immediately give written notice and
- appeals are allowed
- probationary period may be used.
17). Licensees with inactive or expired license, you are prohibited form what?
Ans: Practicing Real Estate
18). Who administers?
Ans: Testing service
19). What test taker may not do:
Ans: - get questions or answers
- remove or attempt to remove questions or answers from the exam site
- Provide or attempt to provide exam questions to another person
20). What are two portions of exam?
PaperStoc.com Page 3 of 18
