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Commission Duties And Powers
Licensing
Standards Of Conduct
Agency / Brokerage
Contracts
Special Topics
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The Key To Passing The Texas State Exam Is Understanding The Topic Areas
Tuesday's Free Key Points
Key Point's are important bullet points that relate to Texas state exam topic areas.
Commission Duties And Powers | Engaging in fraudulent or deceptive practices, including forging signatures, altering documents, or misleading clients may result in penalties and disciplinary actions. |
Licensing | If a licensee owes delinquent taxes, the Comptroller of Public Accounts may report the delinquency to TREC and recommend that the licensee's renewal be denied until the taxes are paid. |
Standards Of Conduct | Unexplained trust account overages are trust funds and unless the broker can establish the ownership of such funds, the funds must be maintained in the brokers trust fund account or in a separate trust fund account established to hold such funds. |
Agency / Brokerage | Agents must be loyal to their clients and avoid any conflicts of interest that could compromise their ability to represent the client's interests faithfully. |
Contracts | The buyer then has three days to terminate the contract if they do not wish to proceed with the purchase due to the presence of the utility easements. |
Special Topics | Community property refers to property acquired by either spouse during the course of the marriage, except for certain exceptions. |