Law of contracts quiz

TRELA was enacted in 1939 to protect real estate sales agents from unscrupulous brokers

• true

• false

The Texas Real Estate Commission was created in 1939 to administer the provisions of the License Act.

• false

• true

The Texas Real Estate Commission will investigate a complaint from a broker about another broker that failed to pay a commission

• ture

• false

engaging in real estate services w/o 1st obtaining a license is a Class A Misdemeanor in TX

• true

• false

The real estate center is funded by TREC through the collection of administrative penalties

• true

• false

to obtain a sales agent license in TX, the applicant must be at least 21 yrs old at the date of application

• true

• false

the real estate center was created in the 1970s to house data and publications that are available to all

• true

• false

the Broker-Lawyer Committee _____ promulgated forms

• monitors

• initiates

• drafts

• defends

when a license holder adds provisions to contracts that go beyond factual business detail, the agent is engaged in:

• something that requires a broker to do

• an impromptu

• a legal activity

• the unauthorized practice of law

unauthorized practice of law includes:

• using a contract form from a government agency

• recommending a client to seek the advice of an attorney

• advising a person regarding the validity or sufficiency of an instrument or of title to real property

• using a contract form promulgated by TREC