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Rules and Laws. Our license holders are governed by the The Real Estate License Act, the Inspector Act, and the Timeshare Act. These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas.
- Instructor Manual Guidelines for Qualifying Real Estate and Real Estate Related Courses
Instructor Manual Guidelines for Qualifying Real Estate and...
- Classroom Course Evaluation Form
Classroom Course Evaluation Form - Rules and Laws - TREC
- Distance Education Reporting Form
Distance Education Reporting Form - Rules and Laws - TREC
- Real Estate Or ERW Ce Secondary Course Application
Real Estate Or ERW Ce Secondary Course Application - Rules...
- Inspector QE Course Application
Inspector QE Course Application - Rules and Laws - TREC
- Real Estate QE Course Application
My real estate application was filed with a name that is...
- Inspector Ce Course Application
Inspector Ce Course Application - Rules and Laws - TREC
- Classroom Ce Course Completion Roster
Classroom Ce Course Completion Roster - Rules and Laws -...
- Instructor Manual Guidelines for Qualifying Real Estate and Real Estate Related Courses
In a construction progress report for loan disbursement, the appraiser overstated the degree of completion or failed to identify problems with the construction. Example language: This construction progress report is for the use and benefit of the lender to assist in making loan disbursements.
For estate planning, financial planning, or sale price decisions, individuals or a trusted advisor usually orders an appraisal. When an appraisal is used to obtain an opinion of value of a property for loan purposes, federal regulation requires the lender or its agent to place an appraisal order.
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appraisal. A real estate license holder may not perform an appraisal of, or provide an opinion of value for, real property unless the license holder is licensed or certified (as an appraiser) under the Texas Occupations Code. Rule 535.17(a). A BPO or CMA differs from an appraisal and is not intended to serve the same purpose as an appraisal. A BPO
Mar 7, 2022 · The Texas Real Estate Commission (TREC) Addendum Concerning Right to Terminate Due to Lender’s Appraisal is used to modify the base TREC contract regarding contract termination rights based upon the appraised value of the purchased property.
Work product submitted for review must fall within one of the approved categories of experience credit described in §153.15 of this title and meet the definition of real estate appraisal experience in §153.1 of this title.
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Unless one is a real estate license holder, there is no required form for a residential real estate contract in Texas. The use of TREC promulgated forms is mandatory only for brokers and agents.