texas sae real estate brokerage, Real Estate: Brokerage Final Exam

TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019,

texas sae real estate brokerage, Real Estate: Brokerage Final Exam

Questions/Answers, Real Estate: Practice Exam (Questions/Answers),

Real Estate: Agency Exam Questions/Answers, Real Esta...

Flashcards FBNFictitious Business Name Does a link to the IABS Form in my email signature satisfy the representation disclosure required by TRELA

§1101.558?

No. Rule 531.20(d) states that providing a link to the IABS Form in a footnote or signature block of an email is insufficient Before a business selects its name, it should make sure that no one else is using the DBA by performing a search through its _____ County clerk's office or online system Real estate _____ offer buyers a packaged business operation and built-in name recognition, as well as national advertising paid for by the franchiser.Franchises Instructors must pass the test with a grade of ____ or higher to be able to teach the course 80% Once you have met all the requirements to get your license, TREC will send an active broker license to you via Email If the designated broker owns ____ or more of the entity, proof of the designated broker's ownership 10% When obtaining a Real Estate Broker's License, normally a real estate licensee must have ____ or more years of experience as an active salesperson, completed a required number of classroom hours (specified by each state), and successfully mastered the Real Estate Broker's License Examination.2 SRS-Seller's Representation Specialist S Corps are restricted to no more than ____ shareholders.100 Most good economies have a GDP of about _____ 3% The ____ duties a broker owes to his or her client are obedience, loyalty, confidentiality, good faith, honesty, refraining from self-dealing, integrity, fair and honest dealing, and disclosure of anything that may have an effect on the client's decision.General fiduciary TREC Qualifications to obtain a Broker's license: Citizen of the United States or lawfully admitted alien, 18

years of age or older, Resident of Texas, unless you: were

licensed in Texas as a sales agent or broker in the last two years; or you are licensed as a broker in another state, Meet TREC's qualifications for honesty, trustworthiness,

and integrity The broker has a few choices on how to obtain funding; a broker can get a business loan or use her or his own

______

Personal funds

Licensees must be faithful and observant to the trust placed in them, as well as scrupulous and meticulous in performing task.Fidelity The Real Estate Brokerage course must be completed not more than ____ years before the application date.2 A rule or principle or standard of conduct adopted by a professional organization to guide the conduct of its members Cannons CRS-Certified Real Estate Specialist The _____ is the newsletter from TREC and often contains information regarding changes in rules, contracts, etc.Advisor Allows a company to separate and protect multiple assets without the need to form additional entities.Series LLC NEVER delete a message from _____ without reading it carefully. It may contain information that you and your sponsored sales people need to know.

TREC Purchasing or starting a new brokerage business is exciting and _____ Risky Brokers can operate under an assumed name as long as the assumed name is registered with _____ TREC Candidates for a broker license must also meet the

following experience requirements:

Have at least four years' active experience as a licensed real estate sales agent or broker during the 60-month period preceding the filing of the application, Your experience must total 3600 points and be reported on the Qualifying Experience Report for a Broker License. You must also include a transaction identification list for each transaction claimed on the experience report CRE-Certified Real Estate Counselor The _______ indicates the strength of the economy.Gross domestic product or GDP A broker owes the highest ____ obligation to the principal and is obliged to convey to the principal all information known to the agent that may affect the principal's decision, unless prohibited by other law Fiduciary The Broker will become both the Leader and the _____Manager As the broker, it will be your job to gather and ___ information Disseminate (spread) There is NO requirement that a _____ included in an advertisement belong to the broker Phone number or email address Each active real estate broker shall provide this notice by (1) displaying it in a readily noticeable location in each place of business the broker maintains and (2) providing a link to it labeled "Texas Real Estate Commission Consumer Protection Notice", in at least a 10 point font The Consumer Protection Form (CN 1-2) CRB-Certified Real Estate Broker

The new broker will want to consider three possibilities.Purchasing an existing real estate business, purchasing a franchise office or a start up from scratch The Rules of the Texas Real Estate Commission require that a Broker have a_______ before you start hiring agents Policy and Procedures Manual Recruitment of a salesperson by a broker is not regulated with the exception that instructors or other persons associated with a ___ may NOT recruit or solicit prospective salespersons or brokers in a classroom during class time School ALC-Accredited Land Consultant "Doing business as" nameDBA S Corps cannot be ____ by a C Corp, LLCs, partnerships, or many trusts.Owned Limitation or discrimination based on race, color, religion, sex, national origin, ancestry, familial status or handicap of an owner, previous or current occupant, potential purchaser, lessor or potential lessee of the property.Discriminatory Practices Two good resources for finding past statistic for the real estate industry are The National Association of REALTORS® and the Real Estate Center at Texas A&M University.An individual with a bachelor's or master's degree from an accredited college or university, members of the state bar, and licensed attorneys are eligible to take the _______ without completion of classroom work and real estate sales experience Real Estate Broker's License Examination Builders do NOT have to be _____, in Texas Licensed GRI-Graduate of the REALTOR® Institute Both C and S Corps offer limited ______Liability protection A broker may only _____ another license holder to withdraw or transfer money from any trust account, but the broker remains responsible and accountable for all trust money received by that broker and all deposits to or disbursements from the trust account.Authorize REALTOR® members agree to submit commission disputesbetween Brokers to arbitration through their _____ Association of REALTORS®.C Corps are subject to _____ taxationDouble The DBA should be registered with the _____ and be approved before it can be used.County clerk's office The law prohibits _____ money a license holder holds for another with a license holder's own funds.Commingling Policy and Procedures Manual must include Agent's Authorized Activity, Advertising, Compensation, Records Management, Trust Accounts SRES-Senior Real Estate Specialist C Corps have NO restriction on ____, they have unlimited growth potential Ownership