State Prep Exam I Questions And Answers Updated
TREC has the power to order witnesses to appear and/or produce records of documents for its investigations and hearings. This is called subpoena power. If a license holder fails to respond to a subpoena, what can TREC do?
(a) TREC can assess an ad...
State Prep Exam I Questions And Answers
Updated
TREC has the power to order witnesses to appear and/or produce records of
documents for its investigations and hearings. This is called subpoena power. If a
license holder fails to respond to a subpoena, what can TREC do?
(a) TREC can assess an administrative penalty against the license holder for up
to $4,000.
(b) TREC can immediately revoke the license of the license holder without a
hearing.
(c) TREC can file a suit with the Attorney General to enforce the subpoena.
(d) TREC can file charges of felony against the license holder, based on fraud.
c
A license holder in violation of the TRELA has received a summons from TREC
that a hearing will be held regarding the possible revocation or suspension of his
license. The license holder fails to respond to the summons. What will TREC do?
(a) Schedule a hearing in the county court where the license holder practices real
estate
(b) Schedule a hearing at the TREC office in Austin
(c) Schedule a hearing in the district court serving the license holder
(d) Schedule a hearing at the main office or business address of the license
holder
b
With the knowledge and consent of her broker/employer, an unlicensed assistant
is showing property to prospective buyers. What is true about this situation?
(a) The broker and unlicensed assistant are both guilty of a Class A misdemeanor
(b) Both the broker and unlicensed assistant can be fined an administrative
penalty of $5,000 per day
(c) Only the unlicensed assistant can be fined by TREC for this activity
, (d) Only the broker can be fined by TREC for this activity
b
TREC has received an application for a Texas Real Estate Sales License from
Mary. Mary has completed all her educational requirements, and passed the state
exam. At this point, TREC will begin the background check. Which of the
following statements is false?
(a) TREC has no time limit for determining integrity
(b) TREC has 30 days to complete the background check
(c) TREC has 30 days to notify Mary of a decision to disapprove her application
(d) Mary has 10 days to appeal a denial of her application
b
Marcos was a Texas licensed Real Estate agent for some time. He then chose to
become inactive and TREC has been holding his license in inactive status. He
now wishes to activate the license. What will he have to do?
(a) Apply through a broker, pay $50 and take a 30-hour continuing education
course
(b) Apply through a broker, pay $200 and take a 30-hour continuing education
course
(c) Apply through a broker, pay $50 and take a 18-hour continuing education
course
(d) Apply through a broker, pay $200 and take a 15-hour continuing education
course
c
A license holder has defaulted on his Texas State Student loans. As a result of
this TREC will:
(a) require the license holder to pay a $200 penalty to renew his license
(b) revoke the license of the license holder immediatly
(c) refuse to renew the license of this individual unless and until the loan
payments are brought up to date
(d) require the license holder to move his license to inactive status
c
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LIXAN. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.99. You're not tied to anything after your purchase.
