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AYPO Real Estate Principles Of Real Estate 1 Newest 2025 Actual Exam Complete Questions And Correct Answers(Verified Answers)|Already Graded A+
Who determines the salaries of the executive director, officers, and employees of the commission? - CORRECT ANSWER -The commission.
A subpoena may be issued throughout the state and may be
served by: - CORRECT ANSWER -any person designated by the
commission.
The commission shall assign priorities and investigate complaints using a risk-based approach based on any of these
except: - CORRECT ANSWER -Length of time a licensee has
been in practice
The Texas Real Estate Broker-Lawyer Committee consists of 13
members appointed as follows: - CORRECT ANSWER -six
members appointed by the commission; six members of the State Bar of Texas appointed by the president of the state bar; and one public member appointed by the governor
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An educational institution shall maintain a corporate surety bond or other security acceptable to the commission that is in the
amount of: - CORRECT ANSWER -$20,000
When the relationship of a sales agent with the sales agent's sponsoring broker terminates, the terminating party shall
immediately notify: - CORRECT ANSWER -in writing both the
other party and the commission.
The commission shall waive the examination requirement for an
applicant for a broker or sales agent license if: - CORRECT
ANSWER-Both of these are required
The commission by rule may: - CORRECT ANSWER -prescribe
the title, content, and duration of continuing education courses that a license holder must attend to renew a license
A person may not sell, buy, lease, or transfer an easement or right-of-way for another, for compensation or with the expectation of receiving compensation, for use in connection with telecommunication, utility, railroad, or pipeline service
unless the person: - CORRECT ANSWER -1. Holds a license
issued under this chapter
- Holds a certificate of registration issued under this subchapter 2 / 3
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When must a broker report a change of address to the commission? - CORRECT ANSWER -Not later than the 10th day after the date a broker moves from the address designated on the broker's license
The commission shall maintain a real estate recovery trust account to reimburse aggrieved persons who suffer actual damages caused by an act described by Section 1101.602
committed by: - CORRECT ANSWER -1. A certificate holder.
- a license holder.
- a person who does not hold a license or certificate and who is
an employee or agent of a license or certificate holder.
The executive director shall give notice of the commission's
order to the person. The notice must: - CORRECT ANSWER -1.
inform the person of the person's right to judicial review of the order
- state the amount of any penalty imposed
- include the findings of fact and conclusions of law, separately
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stated