Unless otherwise exempt, to renew a license in Texas a broker must
A) have completed hours of acceptable continuing education in the last 2 years.
B) be actively participating in the real estate business.
C) have completed 15 hours of continuing education in the last 2 years, including 3 hours in legal and 3 hours in ethics.
D) pay a fee and send back the expiring license.
Answer: C) have completed 15 hours of continuing education in the last 2 years, including 3 hours in legal and 3 hours in ethics.
Any license holder who is not subject to the annual education requirement of TRELA must show that she has attended during the term of the current license at least 15 classroom hours of acceptable continuing education. Brokers who sponsor salespersons must take a 6 hour broker responsibility course regardless of when they became brokers.
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The purpose of the departmental overhead cost report is to
a) control indirect labor costs. b) control selling expense. c) determine the efficient use of materials. d) control overhead costs.
________ is pay stated as a percentage of a sale amount
A) Salary B) Wage C) Commission D) Bonus