Chp 1 and 2

TOC

• Texas Occupations Code

• Texas Observation Code

Real Estate Brokers and Salesperson

• Chapter 1101

• Chapter 1102

may adopt rules in the public's best interest that require license holders to use contract forms prepared by the Texas Real Estate Broker-Lawyer Committee and adopted by the commission.

• The commission

• The committee

How many members are there in TREC?

• 10

• 9

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 the property owner

• prepared by an attorney and required by the property owner

• both a and b

A form adopted by the commission that relates to the contractural obligations between a seller of real estate and a license holder acting as an agent for the seller.

• sales contract

• listing contract

• music contract

• none of the above

A listing contract must include

• a provision informing the parties to the contract that real estate commissions are negotiable

• a provision explaining the availability of Texas coastal natural hazards information important to coastal residents, if that information is appropriate

• both a and b

• none of the above

In the subchapter, _______ means the Texas Real Estate Broker-Lawyer Committee

• committee

• commitment

• constant

• all of the above

The Texas Real Estate Broker-Lawyer Committee consists of 13 members appointed as follows:

• six members appointed by the commission

• six members of the State Bar of Texas appointed by the president of the state bar

• one public member appointed by the governor

• all of the above

________ to the committee shall be made without regard to the race, creed, religion, or national origin of the appointee.

• Appointments

• Abstract

• Apple

• None of the above