Free TREC Education Questions and Answers

TREC has 9 members

6 TREC members are public and 3 TREC members are brokers

TREC has subpoena power

TREC can advise with reference to its rules and the laws that govern license holders

Correct! Wrong!

The Short Sale Addendum

The Third Party Financing Addendum

The 1-4 Family Resale Contract

The Notice Regarding Coastal Area Property

Correct! Wrong!

If they have a written complaint no more than 5 years old

If they have an oral complaint no more than 4 years old

If they have a written, signed complaint no more than 4 years old

If they have a substantiated complaint

Correct! Wrong!

determine if the deceased committed suicide

determine if the deceased had an administrator

obtain the signatures of all heirs

obtain the signature of the executor named in the will

Correct! Wrong!

A fine of up to $5,000 per day

Triple damages

A fine of not more than $4,000

Imprisonment for up to 2 years

Correct! Wrong!

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