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BUNDLE OF Texas Real Estate ExamS with Questions and Correct Answers Verified Solutions
BUNDLE OF Texas Real Estate ExamS with Questions and Correct Answers Verified Solutions
[Show more]BUNDLE OF Texas Real Estate ExamS with Questions and Correct Answers Verified Solutions
[Show more]Tenant Improvement Allowance - Answer Agreement from the landlord to compensate 
the tenant for all of a portion of the funds required to construct the commercial space 
Abandonment - Answer Release and responsibility and/ or ownership 
Assignment - Answer Giving responsibility and/ or ownership to ...
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Add to cartTenant Improvement Allowance - Answer Agreement from the landlord to compensate 
the tenant for all of a portion of the funds required to construct the commercial space 
Abandonment - Answer Release and responsibility and/ or ownership 
Assignment - Answer Giving responsibility and/ or ownership to ...
Fixture - Answer Personal property that has been installed or attached to become real 
property 
Annexation - Answer The process of attaching personal property so that it becomes real 
property thus creating a fixture 
Severance - Answer Real property becomes personal property when it is "severed"...
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Add to cartFixture - Answer Personal property that has been installed or attached to become real 
property 
Annexation - Answer The process of attaching personal property so that it becomes real 
property thus creating a fixture 
Severance - Answer Real property becomes personal property when it is "severed"...
In 1939, the first regulation for real estate was passed, called - Answer Texas Real Estate 
Dealers Act 
The act was renamed The Real Estate License Act in 1955 
The purpose of the US Constitution and the individual state constitutions is - Answer to 
establish the rights of the citizens of the Uni...
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Add to cartIn 1939, the first regulation for real estate was passed, called - Answer Texas Real Estate 
Dealers Act 
The act was renamed The Real Estate License Act in 1955 
The purpose of the US Constitution and the individual state constitutions is - Answer to 
establish the rights of the citizens of the Uni...
Unilateral Contract - Answer A one-sided agreement. Only one party makes a promise. 
The second party does not have to act, but if they do, the first party must keep the 
promise. Paragraph 23 is a unilateral contract within the bilateral contract. 
Bilateral Contract - Answer Both parties to the co...
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Add to cartUnilateral Contract - Answer A one-sided agreement. Only one party makes a promise. 
The second party does not have to act, but if they do, the first party must keep the 
promise. Paragraph 23 is a unilateral contract within the bilateral contract. 
Bilateral Contract - Answer Both parties to the co...
Which of the following acts is illegal under Federal Fair Housing law? - Answer Advertising 
property for sale only to members of a specific national origin 
A loan that provides for increases and decreases in the interest rate during its term is known as 
a(n): - Answer adjustable-rate mortgage 
Th...
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Add to cartWhich of the following acts is illegal under Federal Fair Housing law? - Answer Advertising 
property for sale only to members of a specific national origin 
A loan that provides for increases and decreases in the interest rate during its term is known as 
a(n): - Answer adjustable-rate mortgage 
Th...
1. A broker may do which of the following for an individual without actually 
representing the individual? 
A. Obtain financing 
B. Assist in locating a property 
C. Prepare a contract or lease 
D. All of the above - Answer Answer: D. A broker may obtain financing, assist in locating 
a property, an...
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Add to cart1. A broker may do which of the following for an individual without actually 
representing the individual? 
A. Obtain financing 
B. Assist in locating a property 
C. Prepare a contract or lease 
D. All of the above - Answer Answer: D. A broker may obtain financing, assist in locating 
a property, an...
TREC has only two promulgated lease forms - Answer 1. Buyer's Temporary Residential 
Lease - for use when the buyer occupies the property for no more than 90 days prior to 
closing. 
2. Seller's Temporary Residential Lease - for use when the seller occupies the property 
for no more than 90 days a...
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Add to cartTREC has only two promulgated lease forms - Answer 1. Buyer's Temporary Residential 
Lease - for use when the buyer occupies the property for no more than 90 days prior to 
closing. 
2. Seller's Temporary Residential Lease - for use when the seller occupies the property 
for no more than 90 days a...
Who is responsible to the TREC, the public, and the clients for the acts of a salesperson? 
- Answer Salesperson's sponsoring broker 
Combining a principal's fund with the licensees's personal fund is? - Answer 
Commingling 
When must an existing agency relationship be disclosed to another party ...
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Add to cartWho is responsible to the TREC, the public, and the clients for the acts of a salesperson? 
- Answer Salesperson's sponsoring broker 
Combining a principal's fund with the licensees's personal fund is? - Answer 
Commingling 
When must an existing agency relationship be disclosed to another party ...
A 1031 exchange is: 
a. A tax-deferred exchange 
b. A duty-free exchange 
c. A tax-reduced exchange 
d. A tax-free exchange - Answer A tax-deferred exchange
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Add to cartA 1031 exchange is: 
a. A tax-deferred exchange 
b. A duty-free exchange 
c. A tax-reduced exchange 
d. A tax-free exchange - Answer A tax-deferred exchange
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