A licensee who draws an earnest money contract instead of using a form promulgated for a specific purpose
A) will have the licensee's license revoked or suspended.
B) may do so provided proper disclosure is made to all parties.
C) may have the licensee's license revoked or suspended.
D) is acting in the best interest of the seller if no commission is charged.
Answer: A) will have the licensee's license revoked or suspended.
The Commission shall suspend or revoke a license of a person who drafts an instrument that transfers or affects an interest in real property if the license holder is not a licensed attorney. Completing a contract form promulgated by TREC for use in a specific transaction does not constitute the Unauthorized Practice of Law.
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The training programs of both small and large marketing firms should incorporate three dimensions. One of them is knowledge of the product line, company marketing strategies, territory information, and business trends. What are the other two?
A) knowledge of personal selling skills; in-field sales training with supervision B) knowledge of personal selling skills; knowledge of self and others C) knowledge of company policies, procedures and benefits; stress management D) explanation of compensation methods; in-field sales training with supervision E) attitudes toward the company, its products, and its customers; application of personal selling principles and practices
A ________ is the easiest and least expensive way to create a business organization
A) sole proprietorship B) general partnership C) public corporation D) limited liability company