Free TREC Regulation Questions and Answers
What is the maximum administrative penalty that TREC can impose on a licensee for a single violation?
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TREC can impose an administrative penalty of up to $5,000 per violation.
Under TREC regulations, which of the following actions is a violation of the Texas Real Estate License Act?
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Licensees must disclose any known material defects to potential buyers, as failing to do so is considered a violation of TRELA.
How long does a Texas real estate licensee have to notify TREC of a change of address?
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TREC requires that any changes to a licensee’s contact information be reported within 30 days.
What is the primary purpose of the Texas Real Estate Commission (TREC)?
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TREC’s main objective is to safeguard the public by ensuring that real estate professionals adhere to legal and ethical standards.
Which of the following is NOT required to obtain a Texas real estate sales agent license?
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While you must be a U.S. citizen or a lawfully admitted alien, you do not need to be a resident of Texas to obtain a real estate license.