LEVEL 1 STUDY GUIDE - FLASH CARDS TO REVIEW
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Texas Occupations Code
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| show | a sales agent
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| show | FALSE
Why? The role of professional organizations in the real estate industry is to provide EDUCATION & GUIDANCE to improve the practice of their members.
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| show | a realtor must belong to at least one board in Texas.
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| show | A multiple listing service (MLS) is a database established by cooperating real estate brokers to provide data about properties for sale.
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| Which choice describes “rubber hits the road” education that meets the education requirements for license renewal? Graduate, REALTOR® Institute National Association of REALTORS® REALTORS® Land Institute Council of Real Estate Brokers Managers | show 🗑
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| What does "rubber hits the road" mean? | show 🗑
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| show | 6 months or more
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| TRUE or FALSE? A seller is more likely to want to work with an agent who uses the words “price reduction” rather than “price adjustment.” | show 🗑
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| The NAR® Code of Ethics is reviewed and updated ____________. | show 🗑
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| show | A client has an agency relationship with you or your broker and a customer does not.
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| show | No
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| To avoid _______-, a license holder should only give factual information from reputable sources, avoid speculation, and point potential buyers to the resources that can help with questions that you shouldn't answer. | show 🗑
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| Commingling happens when: | show 🗑
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| Is it wrong if both the buyer and seller pay the commission? | show 🗑
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| show | TRUE
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| If your sponsoring broker dies, lets their license get expired, or if they terminate your sponsorship, does your license still stay active? | show 🗑
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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