Texas principles of real estate Questions and CORRECT Answers

Fraction - A fraction is part of the whole. You'll need to convert fractions to decimals doing real estate math problem Profit - The result of selling something for more than what it cost to purchase it. Interest - The money earned or received from a loan investment. Simple interest - The mone...

TRELA Texas Real Estate License Act - -law that governs all real estate licensees and sets powers for TREC TREC Texas Real Estate Commission - -three prong test to determine if license required (Is activity or dealing in real property for compensation for others?) -Lists, Leases, Buys, Exchan...

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 - B Refers to the loss in desirability of the style, layout, or function of an element of a property over ...

Samantha is a real estate licensee. She's showing her client a property. The client asks about some spots on the ceiling and wonders if they're an indication of a roof leak. What should Samantha do? - Suggest that her client contact a roofing expert to make a determination. Buying and selling...

brokerage - The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker - 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 f...