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