Texas Real Estate Exam (State)Correct Questions & Solutions(Rated A+)(COMTexas Real Estate Exam (StPLETE SOLUTIONS PACK!!!)EXAM BUNDLETexas Real Estate Exam (State)Correct Questions & Solutions(Rated A+)(COMPLETE SOLUTIONS PACK!!!)EXAM BUNDLETexas Real Estate Exam (State)Correct Questions & Solutio...
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Real Property - ANSWER land, Improvements attached to the land, and the rights to use them Personal Property - ANSWER right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE Fixture - ANSWER Personal Property attached in such a w...
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Add to cartReal Property - ANSWER land, Improvements attached to the land, and the rights to use them Personal Property - ANSWER right or interest in things of a temporary or movable nature chattel personalty. Ownership transferred by a BILL OF SALE Fixture - ANSWER Personal Property attached in such a w...
Texas Real Estate Commission (TREC) - ANSWER -created in 1949 -purpose: to administer the provisions of the License Act -authority to make rules and regulations -9 members (3 represent the general public, 6 are real estate brokers) -all appointed by the governor and approved by the Senate -serv...
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Add to cartTexas Real Estate Commission (TREC) - ANSWER -created in 1949 -purpose: to administer the provisions of the License Act -authority to make rules and regulations -9 members (3 represent the general public, 6 are real estate brokers) -all appointed by the governor and approved by the Senate -serv...
Who is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? - ANSWER The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency agree...
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Add to cartWho is responsible for any wrongs done by a salesperson while acting within the scope of the agency agreement? - ANSWER The broker is liable for the wrongdoing of his or her salespersons. The principal is liable for any wrongs committed by the broker while acting within the scope of the agency agree...
A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements - ANSWER B A property owner has a waterfront lot on a stre...
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Add to cartA property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements - ANSWER B A property owner has a waterfront lot on a stre...
When was TREC created? - ANSWER 1947 TREC has the authority to.. - ANSWER make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? - ANSWER 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. - ...
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Add to cartWhen was TREC created? - ANSWER 1947 TREC has the authority to.. - ANSWER make rules and regulations. It's rules and laws govern license holders TREC has how many commission members? - ANSWER 9 members, 3 represent the general public and 6 are real estate brokers TREC has the power to.. - ...
A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. - ANSWER...
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Add to cartA farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoilage. The coolers would be considered which of the following? a) Trade fixtures that are real property. b) Trade fixtures that are personal property. c) Temporary real property. d) Emblements. - ANSWER...
The fact that an individual must go to the land describes which of the characteristics of land? - ANSWER IMMOBILITY John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? - ANSWER TENANCY IN COMMON ...
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Add to cartThe fact that an individual must go to the land describes which of the characteristics of land? - ANSWER IMMOBILITY John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? - ANSWER TENANCY IN COMMON ...
Agent - ANSWER A person who accepts a designation of authority by agreeing to act for the principal. Broker - ANSWER A Texas real estate licensee who is authorized by law to sell, exchange, purchase, lease real estate or perform other related acts in exchage for a commission or other valuable con...
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Add to cartAgent - ANSWER A person who accepts a designation of authority by agreeing to act for the principal. Broker - ANSWER A Texas real estate licensee who is authorized by law to sell, exchange, purchase, lease real estate or perform other related acts in exchage for a commission or other valuable con...
An attorney licensed to practice law The answer is an attorney licensed to practice law. Only licensed attorneys may prepare legal documents such as deeds, mortgages, deeds of trust, and notes. - ANSWER In Texas, who is authorized to draft deeds, mortgages, deeds of trust, and notes? A) A licens...
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Add to cartAn attorney licensed to practice law The answer is an attorney licensed to practice law. Only licensed attorneys may prepare legal documents such as deeds, mortgages, deeds of trust, and notes. - ANSWER In Texas, who is authorized to draft deeds, mortgages, deeds of trust, and notes? A) A licens...
Personal property may become real property by - ANSWER Attachment If a property generates a negative cash flow, in order to be an attractive investment to a purchaser - ANSWER there must be a substantial increase in property value The closed sales price of an income property divided by its gro...
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Add to cartPersonal property may become real property by - ANSWER Attachment If a property generates a negative cash flow, in order to be an attractive investment to a purchaser - ANSWER there must be a substantial increase in property value The closed sales price of an income property divided by its gro...
Appurtenance - ANSWER Describes rights, privileges or improvements that belong to and pass with land. Improvements - ANSWER Man's additions to the land such as buildings and landscaping. Air rights - ANSWER Right to use open space above your land. Sold or leased; can be transferred by easemen...
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Add to cartAppurtenance - ANSWER Describes rights, privileges or improvements that belong to and pass with land. Improvements - ANSWER Man's additions to the land such as buildings and landscaping. Air rights - ANSWER Right to use open space above your land. Sold or leased; can be transferred by easemen...
If an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine or jail c. is following standard operating procedures d. is ineligible for a license for 2 years ...
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Add to cartIf an applicant for a sales license engages in a brokerage transaction, the applicant: a. may be paid for the transaction, after he gets his license b. may face criminal charges resulting in fine or jail c. is following standard operating procedures d. is ineligible for a license for 2 years ...
abandonment - ANSWER The voluntary surrender of relinquishment of possession of real property With the intention of terminating one's possession or interest but Without the vesting of this interest in any other person, such as when a person moves and abandons leased property before the lease term h...
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Add to cartabandonment - ANSWER The voluntary surrender of relinquishment of possession of real property With the intention of terminating one's possession or interest but Without the vesting of this interest in any other person, such as when a person moves and abandons leased property before the lease term h...
TRELA - ANSWER 1939 Texas Real Estate License Act 9 commission member. 3 General Public & 6 Real Estate Brokers serves 6 terms TREC - ANSWER 1949 Texas Real Estate Commission To protect the public Broker Lawyer Committee - ANSWER writes promulgated contracts 13 members 6 are brokers 6 law...
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Add to cartTRELA - ANSWER 1939 Texas Real Estate License Act 9 commission member. 3 General Public & 6 Real Estate Brokers serves 6 terms TREC - ANSWER 1949 Texas Real Estate Commission To protect the public Broker Lawyer Committee - ANSWER writes promulgated contracts 13 members 6 are brokers 6 law...
Abandonment - ANSWER The voluntary surrender or relinquishment of possession of real property with the intention of terminating ones possession or interest but without the vesting of this interest in any other person, such as when a person moves and abandons leased property before the lease term has...
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Add to cartAbandonment - ANSWER The voluntary surrender or relinquishment of possession of real property with the intention of terminating ones possession or interest but without the vesting of this interest in any other person, such as when a person moves and abandons leased property before the lease term has...
What are the various brokerage specializations within real estate? - ANSWER residential, commercial, industrial, agricultural, and mixed-use. Price - ANSWER the amount paid for a property (sales price) Value - ANSWER based on objective and subjective factors. Subjective value is affected by th...
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Add to cartWhat are the various brokerage specializations within real estate? - ANSWER residential, commercial, industrial, agricultural, and mixed-use. Price - ANSWER the amount paid for a property (sales price) Value - ANSWER based on objective and subjective factors. Subjective value is affected by th...
How many members in TREC? - ANSWER 9: 3 general public, 6 brokers Who appoints, confirms TREC members? - ANSWER Governor appoints, senate approves How many members on the Broker-Lawyer Committee? - ANSWER 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members...
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Add to cartHow many members in TREC? - ANSWER 9: 3 general public, 6 brokers Who appoints, confirms TREC members? - ANSWER Governor appoints, senate approves How many members on the Broker-Lawyer Committee? - ANSWER 13: 6 brokers, 6 lawyers, 1 public member Who appoints Broker-Lawyer committee members...
In order for a tenant to claim relief for constructive eviction: - ANSWER the landlord must have intentionally withheld required repairs or maintenance A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's ownership of the furniture is a: -...
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Add to cartIn order for a tenant to claim relief for constructive eviction: - ANSWER the landlord must have intentionally withheld required repairs or maintenance A buyer purchases a furnished condominium apartment as an investment. The document that evidences the buyer's ownership of the furniture is a: -...
If an applicant for a sales license engages in a brokerage transaction, the applicant: - ANSWER may face criminal charges resulting in fine or jail An unlicensed assistant is hired to increase an agent's listing inventory. The assistant may: - ANSWER create marketing flyers and distribute the fl...
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Add to cartIf an applicant for a sales license engages in a brokerage transaction, the applicant: - ANSWER may face criminal charges resulting in fine or jail An unlicensed assistant is hired to increase an agent's listing inventory. The assistant may: - ANSWER create marketing flyers and distribute the fl...
Who is responsible for the acts of a salesperson? - ANSWER The sponsoring broker Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, or that he should be furnished...
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Add to cartWho is responsible for the acts of a salesperson? - ANSWER The sponsoring broker Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, or that he should be furnished...
To determine the value of a highly specialized building, like a museum, an appraiser would most likely use and heavily weight which of the following appraisal methods? - ANSWER The cost approach is a great approach to value for appraisers to use on new construction and highly specialized buildings, ...
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Add to cartTo determine the value of a highly specialized building, like a museum, an appraiser would most likely use and heavily weight which of the following appraisal methods? - ANSWER The cost approach is a great approach to value for appraisers to use on new construction and highly specialized buildings, ...
Trec Commision Membership - ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee - ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC - ANSWER 18 years o...
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Add to cartTrec Commision Membership - ANSWER 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee - ANSWER 13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC - ANSWER 18 years o...
appurtenance - ANSWER term used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWER man's additions to the land such as building and landscaping personal property - ANSWER also called chattel or personalty; a right or interest in smiting ...
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Add to cartappurtenance - ANSWER term used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWER man's additions to the land such as building and landscaping personal property - ANSWER also called chattel or personalty; a right or interest in smiting ...
real property - ANSWER the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property - ANSWER a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -t...
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Add to cartreal property - ANSWER the tangible real estate and intangible rights associated with the ownership of real estate -transfers by deed or will personal property - ANSWER a right or interest in things of a temporary or movable nature; anything not classed as real property (chattel, personalty) -t...
Personal property may become real property by the process of: a. devise. b. reliction. c. attachment. d. alienation. - ANSWER C. Attachment If a property generates a negative cash flow, in order to be an attractive investment to a prospective purchaser: a. there must be a substantial ...
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Add to cartPersonal property may become real property by the process of: a. devise. b. reliction. c. attachment. d. alienation. - ANSWER C. Attachment If a property generates a negative cash flow, in order to be an attractive investment to a prospective purchaser: a. there must be a substantial ...
A) Notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission. - ANSWER When terminating the sponsorship of a salesperson, the broker must A) notify the salesperson in writing of the termination and immediately return t...
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Add to cartA) Notify the salesperson in writing of the termination and immediately return the salesperson's license to the Texas Real Estate Commission. - ANSWER When terminating the sponsorship of a salesperson, the broker must A) notify the salesperson in writing of the termination and immediately return t...
A property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - ANSWER b) improvements A property owner has a waterfront l...
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Add to cartA property owner has decided to do some landscaping work on his yard. he has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a) encroachments b) improvements c) surface rights d) emblements - ANSWER b) improvements A property owner has a waterfront l...
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