Statutory laws passed by the Texas Legislature:
A) Set precedent for future court decisions
B) Authorize administrative agencies to carry out
... [Show More] provisions of the law
C) Are not designated for penalties and violations assessed against an agent
D) Designate the civil penalties and punitive damages enforced and collected by TREC - ANSWER -B) authorize administrative agencies to carry out provisions of the law
In Texas, the real estate license law is administered by the:
A) Texas Real Estate Commission (TREC)
B) Texas Commission on Human Rights
C) Texas Association of REALTORS (TAR)
D) Texas Real Estate License Act (TRELA) - ANSWER -A) Texas Real Estate Commission (TREC)
The Texas Real Estate Commission (TREC) is responsible for:
A) Adopting rules and enforcing real estate licensing laws.
B) Protected the public.
C) Governing the real estate agencies
D) Creating license law - ANSWER -A) adopting rules and enforcing real estate licensing laws
The Texas Real Estate Broker-Lawyer Committee consists of:
A) 3 brokers and 6 lawyers.
B) 6 brokers and 6 lawyers.
C) Board certified real estate lawyers and real estate agents
D) 6 brokers, 6 lawyers, and 1 public representative - ANSWER -D) 6 brokers, 6 lawyers, and 1 public representative
When a private citizen files a complaint with TREC, what is required when it is submitted?
A) The charges must be submitted anonymously
B) After a Commission hearing, the Enforcement Division recommends the appropriate charges against the agent.
C) The complaint must be made submitted in writing and signed by the complainant
D) After a complaint is brought to Enforcement Division of the Commission, the license is on probationary status - ANSWER -C) The complaint must be made submitted in writing and signed by the complainant.
The commission is authorized to:
A) Demand the appearance of an unlicensed person for a commission hearing
B) Promulgated contracts for attorneys
C) Enact real estate laws in Texas
D) Revoke the license of an out-of-state broker - ANSWER -A) demand the appearances of an unlicensed person for a commission hearing
When a license holder fails to comply with a subpoena, the Commission may:
A) Revoke the original subpoena and file a new writ against the sponsoring broker
B) Enforce the subpoena through the Texas Attorney General
C) Refuse to renew the individual's license
D) Order the appropriate county sheriff to place the person in jail - ANSWER -B) enforce the subpoena through the Texas Attorney General
When an individual engages in a real estate brokerage activity without holding a real estate license TREC:
A) Has no authority over an unlicensed individual
B) May impose a $1,000 fine for each day of unlicensed activity
C) May impose a $1,000 fine as well as treble damages
D) has authority over an unlicensed individual unless he or she was previously licensed by TREC - ANSWER -B) may impose a $1,000 fine for each day of unlicensed activity
The practice of real estate without a license is a:
A) Civil suit
B) Felony
C) Class a felony
D) Criminal offense - ANSWER -D) criminal defense [Show Less]