Principles of Real Estate Ch 1 and 2

What does TREC stand for?

• Texas Real Estate Court

• Texas Real Estate Commission

• Texas Real Estate Club

• Texas Realtor Exchange Club

The Education Standard Advisory Committee was enacted when?

(a)  

Does a property inspector require a real estate license?

• yes

• no

Are mortgage brokers regulated by the TREC?

• yes

• no

What is a "REALTOR"?

(a)  

I am selling my own home, do I need a real estate license?

• yes

• no

What is the primary purpose of the TREC?

• To regulate real estate professionals

• To provide legal advice

• To manage property listings

• To offer home loans

Which of the following must you complete to become an active real estate agent?

• Pass the real estate exam

• Pay the licensing fee

• Find a sponsoring broker

• Get fingerprints

• All of the above

An apartment manager must be a licensed realtor

• True

• False

The subsurface owner is the (a)   estate