TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE. Which of the following is not a characteristic of value of land? (type out the answer)
-Demand -Utility -Scarcity -Taxes -Transferability? taxes
How do you calculate Tax? tax rate x assessed value
form of ownership used by marrie...
TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED
2023 TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED The law requiring real estate contracts to be in writing is called the...? statue of frauds Statute of Frauds: law that requires some documents (deeds included) to be in writing and signed in order to be enforceable by law Illegal practice of directing home seekers to a particular neighborhood based on fair housing protected classes? Steering Taking buyers to or away from a particular area based on any of the protected categories under Fair Housing Laws is called...? steering or channeling When a buyer purchases a property and takes over the payments and liability on an existing loan it is called a(n)...? straight assumption A property description that is considered an informal reference is. ........... tax: tax rate x assessed value = a street address Which of the following is not a characteristic of value of land? (type out the answer) -Demand -Utility -Scarcity -Taxes -Transferability? taxes How do you calculate Tax? tax rate x assessed value form of ownership used by married couples who do not live in a state with community property-has downer and curtesy rights? Tenancy by entirety two or more people acquire property but ownership is not equal? Tenants in common person who dies leaving a will? testate method of attachment (annexation) Fitness or adaptation to property TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED Intention of the parties? Tests of a fixture sets insurance premiums based on the sale price of property and is paid at closing of property? Texas Board of Insurance has 13 Members (6 brokers, 6 lawyers, 1 public) ? Texas Real Estate Borker Lawyer Committee Under what circumstances can a person be called a "Realtor?" That agent has to join the "NAR" National Association of Realtors Under Federal Law, if a property was built before 1978 the seller must disclose... ? that the property may contain lead based paint states what the title covers and does not cover? title commitment policy that will insure against losses from title defects and against errors in title examination? title insurance Part / the percentage(%) = total Areas of earth = 36 Sq. Miles ? townships claimant can track the time they had possessed the property onto the time the prior claimant possessed the property? Tracking attached to the property under a commercial lease? Trade fixture has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term ? Trec Commision Membership
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