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Texas Real Estate Principles Tests Compilation Bundle $30.49   Add to cart

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Texas Real Estate Principles Tests Compilation Bundle

Texas Real Estate Principles Tests Compilation Bundle

22 items

Principles of Real Estate II Final Exam| 70 questions | with complete solutions

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1. The ______________ is the most active in the regulation of real estate licensees. correct answer: d) state government 2. Which of the following is necessary for a deed of conveyance to be valid? correct answer: b) The deed must be in writing 3. The primary distinction between the legal co...

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Texas Principles of Real Estate II| 305 questions| with complete solutions

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Mixed Numbers correct answer: A number containing both a whole number and a fraction (examples: 1⅓; 9⅞) Improper Fractions correct answer: a fraction with its numerator equal to or greater than its denominator Commission Calculation correct answer: Sales price X rate of commission = tot...

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Texas Real Estate Principles 1| 129 questions| with complete solutions

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Trec Commision Membership correct answer: 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee correct answer: 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC cor...

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RealEstateU: Texas Real Estate Principles Part 1 Final Exam| 90 questions| with complete solutions

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3x sold

The amount of goods offered for sale within a given market at a given price during a given time period. correct answer: supply A property manager is an example of what type of agent? correct answer: General Agent A real estate agent is an example of what type of agent? correct answer: Speci...

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Texas Principles of Real Estate 2| 227 questions| with complete solutions

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Amortization correct answer: The liquidation of a financial obligation on an installment basis; also, recovery over a period of cost or value. Area correct answer: Two dimensional surface of an object Interest and how its calculated correct answer: Total loan value * interest rate = Total I...

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Texas Principles of Real Estate 1| 131 questions| with complete solutions

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A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee. correct answer: Real Estate Broker A person performing any of the acts included in the definition of real estate broker but while associated with and s...

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Texas Pre-License-Principles of Real Estate 1| 1018 questions| with complete solutions

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Apartment Locator correct answer: a real estate license holder who locates dwelling units for prospective tenants Tenant correct answer: one who possesses a property under lease without ownership Broker correct answer: someone who assists in buying and selling to receive a commission Cli...

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Texas Principles of Real Estate 1: Mini-Quizzes | 240 questions | with complete solutions

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The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate is known as...? Agency Brokerage Trading Appraising correct answer: Brokerage Property that produces rental income or that is used in business is known as...? Commerci...

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RealEstateU - Texas Principles of Real Estate - Part 1 – 107 questions – with complete solutions

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1x sold

Salesperson's Sponsoring Broker correct answer: a real estate salesperson closes on a transaction, who pays the salespersons commission? General Agent correct answer: An agent with full authority over one property of the principle. EX: Property Manager. Supply correct answer: Te amount of ...

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Texas Principles of Real Estate 2 KGO| 158 Questions | With Complete Solutions

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The approach used as the best indicator of value for existing properties. a. functional obsolescence b. sales comparison c. highest and best use d. market value e. external obsolescence correct answer: B Refers to the loss in desirability of the style, layout, or function of an element of...

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Texas Principles of Real Estate 1| 324 questions| With Complete Solutions

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The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. correct answer: brokerage A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee corre...

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Texas Principles of Real Estate 1| 145 QUESTIONS| WITH COMPLETE SOLUTIONS

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Under what conditions can a supervising broker appoint a license holder associated with the broker to represent one party to a real estate transaction? correct answer: With written consent of all parties When must a seller's agent provide a written statement about brokerage services to a party?...

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Principles of Real Estate 1 Final Exam| 63 QUESTIONS| WITH COMPLETE SOLUTIONS

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If a real estate salesperson closes on a transaction, who pays the salesperson their commission? correct answer: The salesperson's sponsoring broker A means of comparing similar type properties, which have recently sold, to the subject property is known as the? correct answer: Market Compariso...

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Principles of Real Estate II - Real Estate Express Texas- 163 QUESTIONS- WITH COMPLETE SOLUTIONS

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Which act was passed to regulate appraisal? correct answer: in 1989, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) in response to the savings and loan crisis. What does Title XI of FIRREA require? correct answer: competent individuals whose professiona...

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Texas Real Estate Principles 1 (Practice Exam) QUESTIONS WITH COMPLETE SOLUTIONS

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Courses for the renewal of an active real estate broker or sales agent license are called correct answer: continuing education (CE) What is the maximum amount that the Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has...

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Texas Real Estate Principles 2 (Allied) – 163 QUESTIONS- WITH COMPLETE SOLUTIONS

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1. Real property can be acquired or conveyed via correct answer: transfer wills and trust intestate succession adverse possession by natural causes The transfer of the title to real property and possession of lands, tenements, or other things, from one person to another. correct answer: Ali...

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Texas Principles of Real Estate - Part 2 – 334 QUESTIONS – WITH COMPLETE SOLUTIONS

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The liquidation of a financial obligation on an installment basis is referred to as...? Buy-down Discounting Amortization None of the above correct answer: Amortization Which of the following is used by lenders to increase the lender's yield on the loan without increasing the annual interes...

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Texas Real Estate Principles II Questions With Complete Solutions

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Simple Interest Formula correct answer: = principal x rate x time Example: interest on $3k loan at 7% for one year = 3000 x .07 x 1 Simple Interest correct answer: Simple interest is money that is paid only for the amount of principal the borrower still owes. When the money is repaid to the l...

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Texas Real Estate Principles II quiz| 141 questions| with complete solutions

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A mixed number has both a fraction and a: correct answer: whole number Which of the following must be prorated or divided proportionately between the buyer and the seller? correct answer: Taxes, insurance, utilities Convert fractions to decimals when doing a real estate math problem by corre...

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Texas real estate principles of real estate 2| 174 questions| with complete solutions

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Which of the following is an area of a real estate brokers job that requires mathematics A. Commissions from Property Sales B. Mortgage interest C. All of these are correct D. Property Taxes correct answer: All of the following If the base side of the triangular play measures 45' and th...

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Texas Principles of Real Estate II| 208 questions| with complete solutions

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What does the denominator show? correct answer: Tells how many total parts there are What should you do to convert fractions to decimals? correct answer: Divide the numerator by the denominator Landlords base rents on what criteria? correct answer: Landlords decide what their rents will be,...

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PRINCIPLES OF REAL ESTATE 2 (TEXAS) QUESTIONS WITH COMPLETE SOLUTIONS

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Appraiser must be aware of? correct answer: market cycles economic force political actions The principle of appraisal that states "value is influenced by the cost of acquiring a comparable replacement" is: correct answer: principle of substitution The presence of a higher-priced property i...

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