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Real Estate Finance Practice Test
This test is still under development and will be completed shortly. Thank you for your patience.
TREC has a Real Estate Recovery Trust Account. What is NOT true about the account?
All of the following are necessary to obtain a real estate license EXCEPT
TREC may assess an administrative penalty of up to $5,000 per day for violation of the License Act by:
TREC may suspend or revoke a license for any of the following reasons EXCEPT:
TREC will investigate the actions of a licensee if they receive:
A contract that meets all the requirements of the law is
Which of the following is required for a lot and block description of a property?
The Broker-Lawyer Committee:
The Broker-Lawyer Committee drafts and revises contract forms for use by real estate licensees.