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Commission Duties And Powers
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Standards Of Conduct
Agency / Brokerage
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The Key To Passing The Texas State Exam Is Understanding The Topic Areas
Wednesday's Free Key Points
Key Point's are important bullet points that relate to Texas state exam topic areas.
Commission Duties And Powers | The TREC develops and implements policies that benefit the real estate industry and protect consumers. |
Licensing | A real estate licensee may operate under an assumed name, also known as a "dba" (doing business as), as long as they comply with the rules and regulations. |
Standards Of Conduct | If an agent's name is used in an advertisement, it should be the name registered with TREC, ensuring accurate identification and preventing misleading practices. |
Agency / Brokerage | If the compensation agreement was made orally, the general statute of limitations for breach of oral contracts in Texas is four years. |
Contracts | The seller of residential real estate must provide the buyer with a disclosure notice if the property is located within a floodplain or a flood pool. |
Special Topics | The eviction process in typically involves providing the tenant with written notice to vacate, followed by filing an eviction lawsuit if the tenant does not comply. |