Texas Principles of Real Estate 1 questions with verified answers graded A+, bundles with good package deals

A condominium would be considered as investment property if it is - non-occupant owned. Do real estate trade organizations influence the real estate industry? - The trade organizations influence the real estate industry through the use of codes of ethical conduct How many members does the Texas R...

- A respondent of a HUD fair housing complaint has how many days to submit a response...? 5 10 15 30 - The 'C' in the acronym C.O.A.L.D. stands for which fiduciary duty...? Consideration Co-sign Care Conditional - Which of the following property descriptions is not used in the State of T...

A partnership or limited liability partnership - Acting as a broker or salesperson through a partner who is a licensed broker A person employed by an owner - In the sale of structure and land on which structures are located, if the structures are erected by the owner in the course of the owners b...

"disparate impact", in legal terms, essentially means which of the following? - A set of criteria which are not directly targeted at a specific group but will disproportionality affect that group. "modifications" in real estate terms are also referred to as which of these? - improvements "pr...

"Time is of the essence" - A condition of a contract expressing the essential nature of performance of the contract by a party in a specified period of time. Acre - Equal to 43,560 sq. ft. or 160 rods Agent - A person authorized to act on behalf of another. Air Rights - The rights in real prop...

1988, the Fair Housing Amendments Act did what? - added handicap and familial status. A commission member would be removed from office under what conditions? - • Does not have the required qualifications at the time of appointment • Does not maintain the required qualifications during service...

10 - A respondent of HUD fair housing complaint has how many days to submit a response? 13 - The Texas real estate broker lawyer committee consists of how many members? 1974 - The equal credit opportunity act was enacted in? 1974 - The housing and community development act was enacted in? 1977 -...

________________ of the Commission members are brokers. A. Two B. Three C. Six D. Seven - C _________________ of the Commission members represent the public. A. Two B. Three C. Six D. Nine - B ___________________________ is a form of ownership between married couples that is based upon Sp...

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. - Limited Liability Company (LLC) A category of real property created as a result of combining the land and its improvements for a single highest and b...

A C.L.U.E. report advises a customer on: - up to seven years of claims history on a property A licensee is liable for a misrepresentation or concealment of a material fact made by a party to a real estate transaction in which of these circumstances? - The licensee knew of the concealment or misre...

A C.L.U.E. report advises a customer on: - up to seven years of claims history on a property A licensee is liable for a misrepresentation or concealment of a material fact made by a party to a real estate transaction in which of these circumstances? - The licensee knew of the concealment or misre...

A - A _____ relationship exists when one person acts on behalf of another person from whom he has derived authority. (a) Agency (b) Principal (c) Client (d) Broker A - A ______ determines legal property boundaries for property ownership (a) Land survey (b) Topographic survey (c) Seismic sur...

All of the above - Which of the following is a type of contract used between brokers and sellers...? -Exclusive Right to Sell Agreement -Open Listing -Exclusive Agency Agreement -All of the above All of the above - Which of the following is an example of an addendum found in a listing contract....