20 Hour Texas Law Module Exam with 100% correct answers 2024 Who appoints the Real Estate Inspector Committee? - answer The Commission (TREC)
What are some power & duties of the committee? - answer Recommend:
-rules relating to aspects of inspections (education, experience, exams, CE, etc.) -required rules -reasonable fees -SOP rules -code of professional conduct What's the difference between direct & indirect supervision? - answer Sponsoring inspector is physically present Previous license holders eligible if: - answer Held level of license in 24 month period preceding date of application filing & sponsored (if needed) What's required for eligibility of a sponsoring inspector? - answer 200 inspections as a professional inspector What level of insurance is required for issuance of a license? - answer Liability w/ minimum $100,000 What does insurance protect against? - answer Subchapter G (prohibited acts) What is the term of expiration of a license? - answer Period not to exceed 24 months (renew every 2 years) What is necessary for license renewal? - answer -pay renewal fee -provide proof of insurance 1 / 2
What are CE requirements for license renewal? - answer 16 course hours per year (32 hours every renewal period) How much does an application cost for an apprentice license? - answer $60 How much does an application cost for a real estate inspector license? - answer $100 How much does an application cost for a professional inspector license? - answer $120 What other fees are included for a license? - answer -renewal -exam fees -request of change of address -replace lost/destroyed license Describe specific report & dishonesty of an inspector. - answer -accepting inspection if employment contingent of reporting of specific, predetermined condition or findings inspector knows not to be true -acting in a dishonest, fraudulent, deceitful, or misrepresentative manner Describe conflicting capacities. - answer Inspector acting in dual capacity as a salesperson, undisclosed principal, or broker in a transactioin When can an inspector not perform repairs/maintenance? - answer When in connection under an earnest money contract, lease or exchange of real property Describe some powers of the commission in disciplinary action. - answer -investigate action of inspector -reprimand inspector -place license on probation -suspend or revoke license
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