Texas Real Estate Sales Agent

Which state agency licenses and regulates real estate sales agents and brokers in Texas?

1. AThe Texas Real Estate Commission (TREC)Đúng
2. BThe Texas Department of Housing and Community Affairs
3. CThe Texas Association of Realtors (TAR)
4. DThe Texas Real Estate Research Center

Vì sao: TREC is the state agency created to administer the Real Estate License Act and regulate license holders. Private trade groups such as the Texas Association of Realtors set membership rules but do not issue licenses. Specifics of TREC rules can change over time.

Which of the following is NOT one of the essential elements required for a valid, enforceable real estate contract?

1. ALegal capacity of the parties
2. BConsideration
3. CNotarization of all buyer signaturesĐúng
4. DOffer and acceptance (mutual assent)

Vì sao: A valid contract requires offer and acceptance, consideration, legal capacity, legal purpose, and (for real estate) a writing. Notarization is not required to form a valid contract, though it may be needed to record certain documents.