Video Which of the following is the real estate Commissioner not responsible for Quizlet

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Which of the following professionals is not regulated by the Texas Real Estate Commission?What is a main function of the Texas Real Estate Commission quizlet?What is the role of the broker quizlet?What is a real estate broker quizlet?Recommended textbook solutions

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Section 10163 - Brokers maintaining more than one place of business must first procure branch office license(s).

Section 10165 - Failure to make licenses available for inspection and failure to maintain a place of business.

Section 10167 - Requires the licensing of individuals, other than real estate licensees, engaged in prepaid rental listing services and makes a willful violation of the law a misdemeanor.

Section 10176.5 - Violation of any of the Civil Code Sections (1102, et seq.), which giảm giá with use of the Real Property Transfer Disclosure Statement.

Section 10177.1 - Suspension without hearing if license procured by fraud, misrepresentation, deceit, or by the making of any material misstatement of fact in the application for license.

Section 10177.2 - Violations while performing acts under

Section 10131.6 (mobile home sales).

Section 10177.4 - Compensation for referring customers to escrow, pest control, home warranty, title insurer, or underwritten title company or controlled escrow company.

Section 10177.5 - Final judgment in a civil action against a licensee upon the grounds of fraud, misrepresentation, or deceit.

Section 10178 - Broker terminates a salesperson for cause and then fails to notify the Commissioner.

$119,047.
1) 75,000 ? 75% = $100,000 (annual commission included broker portion)
2) 100,000 ? 7% = $1,428,571 (annual sales volume)
3) 1,428,571 ? 12 months = $119,047 (monthly sales volume) His monthly dollar volume of sales was $119,047.

4.4%

1) 1,100,000 * 6% = $66,000 commission on first.
2) 97,000 - 66,000 = $31,000 remaining commission earned.
3) 1,800,000 - 1,100,000 = $700,000 remaining property value not paid commission on yet. 4) 31,000 / 700,000 = 0.044 (or 4.4%) if the answer is in the form of a percent divide little number by big number.

$12,350 (Capital Gain)

1) 189,500 + 2,700 + 30,000 = 222,200 (Adjusted Basis)
2) 249,000 * 95% = 236,550 (Sales price minus commission of 5%)
3) 236,550 - 2,000 = 234,550 (Adjusted sales price)
4) 234,550 - 222,200 = $12,350 (Capital Gain) Adj. sales - Adj. basis = cap. gain or loss

Which of the following professionals is not regulated by the Texas Real Estate Commission?

Which of the following professions is NOT regulated by TREC? The answer is appraisers. Appraisers and Appraisal Management Companies (AMCs) are regulated by the Texas Appraiser Licensing and Certification Board (TALCB).

What is a main function of the Texas Real Estate Commission quizlet?

TREC has two main functions: To enforce all real estate-related statutes (TRELA) and to adopt and enforce new rules.

What is the role of the broker quizlet?

A BROKER USES A CLIENTS MONEY OR COMMINGLED FUNDS FOR HIS OR HER OWN PURPOSES. A BROKER MIXES CLIENT MONEY WITH HIS OR HER FUNDS, EITHER BUSINESS OR PERSONAL. REAL ESTE BROKERS CAN PROTECT THEMSELVES AND THEIR CLIENTS FROM ANY LOSS OF RECORDS DUE TO THEFT, VANDALISM, FIRE OR FLOOD.

What is a real estate broker quizlet?

What is a Real Estate Broker? An individual or company licensed by the state to help a seller find a buyer or sometimes help a buyer locate the right property. Tải thêm tài liệu liên quan đến nội dung bài viết Which of the following is the real estate Commissioner not responsible for Quizlet