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TRELA Quiz

Authored by Saul Hernandez

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TRELA Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does TRELA stand for?

Texas Real Estate Lease Agreement

Texas Real Estate Law Association

Texas Real Estate License Act

Texas Real Estate Licensing Agency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the licensing requirements under TRELA?

Obtaining a letter of recommendation from a licensed real estate broker

Completing a background check and fingerprinting

The licensing requirements under TRELA include completing pre-licensing education, passing the state exam, submitting an application, and paying fees.

Completing a minimum number of supervised transactions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different agency relationships defined by TRELA?

Listing agent, Dual agent, Transaction broker, Facilitator

Principal agent, Facilitator, Dual agent, Transaction broker

Landlord's agent, Tenant's agent, Facilitator, Dual agent

Seller's agent, Buyer's agent, Intermediary, Subagent

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the disclosure requirements under TRELA?

The disclosure requirements under TRELA include providing a detailed history of the property, disclosing any personal information about the seller, and disclosing any pending lawsuits related to the property.

The disclosure requirements under TRELA include providing a list of potential buyers, disclosing any previous offers on the property, and disclosing any plans for future development in the area.

The disclosure requirements under TRELA include providing a copy of the seller's credit report, disclosing any repairs or renovations made to the property, and disclosing any upcoming changes to zoning regulations in the area.

The disclosure requirements under TRELA include providing written information about agency representation, disclosing any material facts about the property, and disclosing any conflicts of interest.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some disciplinary actions that can be taken under TRELA?

temporary license suspension

mandatory training

fines, license suspension, license revocation, and probation

warning letters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: TRELA stands for Texas Real Estate Licensing Act.

TRELA stands for Texas Real Estate Law.

TRELA stands for Tennessee Real Estate Licensing Act.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: TRELA requires real estate agents to be licensed.

True

False

TRELA does not require real estate agents to be licensed.

TRELA only requires real estate agents to be licensed in certain states.

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