Texas Real Estate Law - Sae Champions School Of Real Estate Exam

When changing brokerage happens, what happens to your license? {Ans: It goes inactive until you have submitted a new principal broker sponsorship application and required fee.}Puffing- {Ans: Making a statement anyone should understand as an exageration (best view in teh world)}Can licensees draft documents that transfers or otherwise affects an interest in real property? {Ans: NO!}Penatlies taht can happen to use by TREC? {Ans: - revoke - Cancel (trec admits its wrong) - Suspend License.}can a salesperson ever receive commissions from another broker or brokerage? {Ans: No, it has to be paid by the salesperson's broker.}Who administers? {Ans: Testing service}USPAP= {Ans: Uniform standsards of professional appraisal practice}What is the law that governs all real estate licensess? {Ans: Texas Real Estaet License Act, and sets the powers of TREC.}when punishes by a court, what may a court do? {Ans: 1-3 times the amount of compensation earned while practicing without a license}What test taker may not do: {Ans: - get questions or answers - remove or attempt to remove questions or answers from the exam site - Provide or attempt to provide exam questions to another person}Recovery may include what? {Ans: