Texas Real Estate Principles 1 Exam Questions
and 100% Correct Answers
Terms in this set (129)
, ensures the availibility of a sufficient amount to pay on anticipated
Payments into Trust Account
claims on the trust account
A commission may suspend acting negligently or incompetently, comingling money and
or revoke a license for soliciting or selling offers for the sale of real estate by means
of a lottery
An appeal can be made on a it must be taken to the district court in the county where the
decision by the commission administrative hearing was held.
WhenCommision
dealing with a client it is 9A Members (6"Information
copy of the brokers, 3 public)
aboutappointed
brokerageby governor.
services" They
form
Trec Membership
mandatory to give them serve 6 year staggered term.
Texas RealCanons
The three Estate Borker
for 13 Members
Fidelity, (6 brokers,
Integrity, 6 lawyers, 1 public)
Competency
Lawyer Committee
professional ethics and
conduct for Real Estate 18 years old
General Eligibility
Licensees a US citizen or lawfully
Requirements to be
Under what admitted
That agentalien
has resident
to join theof"NAR"
the National Association of
Licensed bycircumstances
TREC can a
person be called a "Realtor?" state
Realtors to be called a "Realtor"
A certificate
What was theis required
Fair Housing buying,
FEDERAL selling
LAWorthat
leasing
where an the
easement pertainingclass
only protected to was Race.
seperate of the
Laws or Civil license
Rights Actwhen
of telecommunicaton, utility, railroad
No one can discriminate because or
of pipeline
RACE. services
1866
Civil Rights Act of 1968 Amended the Civil Rights Act of 1866 to include race, color, national
origin, religion,
Civil Rights Act of 1974 Amended to include Sex (Male or Female)
Civil Rights Act of 1988 Amended to include Handicap and Familial status
having a physical or mental disability (including hearing, mobility,
Define Handicapped visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Illigal practice of directing home seekers to a particular
Steering
neighborhood based on fair housing protected classes. An agent
cannot steer even if asked to by their client.
If a seller asks agent to agent must refuse to take the listing
discriminate
ADA Americans with Disabilities enacted in 1992 deals with commercial property only
Act
Personal Property Things not attached to the land
Chattel also known as Personal Property
How is Personal Property sold Bill of Sale
Classification of plants (Annual or Personal Property
fructus industrials or
and 100% Correct Answers
Terms in this set (129)
, ensures the availibility of a sufficient amount to pay on anticipated
Payments into Trust Account
claims on the trust account
A commission may suspend acting negligently or incompetently, comingling money and
or revoke a license for soliciting or selling offers for the sale of real estate by means
of a lottery
An appeal can be made on a it must be taken to the district court in the county where the
decision by the commission administrative hearing was held.
WhenCommision
dealing with a client it is 9A Members (6"Information
copy of the brokers, 3 public)
aboutappointed
brokerageby governor.
services" They
form
Trec Membership
mandatory to give them serve 6 year staggered term.
Texas RealCanons
The three Estate Borker
for 13 Members
Fidelity, (6 brokers,
Integrity, 6 lawyers, 1 public)
Competency
Lawyer Committee
professional ethics and
conduct for Real Estate 18 years old
General Eligibility
Licensees a US citizen or lawfully
Requirements to be
Under what admitted
That agentalien
has resident
to join theof"NAR"
the National Association of
Licensed bycircumstances
TREC can a
person be called a "Realtor?" state
Realtors to be called a "Realtor"
A certificate
What was theis required
Fair Housing buying,
FEDERAL selling
LAWorthat
leasing
where an the
easement pertainingclass
only protected to was Race.
seperate of the
Laws or Civil license
Rights Actwhen
of telecommunicaton, utility, railroad
No one can discriminate because or
of pipeline
RACE. services
1866
Civil Rights Act of 1968 Amended the Civil Rights Act of 1866 to include race, color, national
origin, religion,
Civil Rights Act of 1974 Amended to include Sex (Male or Female)
Civil Rights Act of 1988 Amended to include Handicap and Familial status
having a physical or mental disability (including hearing, mobility,
Define Handicapped visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Illigal practice of directing home seekers to a particular
Steering
neighborhood based on fair housing protected classes. An agent
cannot steer even if asked to by their client.
If a seller asks agent to agent must refuse to take the listing
discriminate
ADA Americans with Disabilities enacted in 1992 deals with commercial property only
Act
Personal Property Things not attached to the land
Chattel also known as Personal Property
How is Personal Property sold Bill of Sale
Classification of plants (Annual or Personal Property
fructus industrials or
