AYPO Real Estate Principles 1 Exam Study Guide with Complete Solutions
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Course
AYPO Real Estate
Institution
AYPO Real Estate
AYPO Real Estate Principles 1 Exam Study
Guide with Complete Solutions
The Texas Real Estate Commission consists of members appointed by the governor with the
advice and consent of the: Senate. What is their composition?
- None of these answers are correct
- Six members who have been engaged i...
AYPO Real Esta te Principles 1 Exam Study Guide with Complete Solutions The Texas Real Estate Commission consists of members appointed by the governor with the advice and consent of the: Senate. What is their composition? - None of these answers are correct - Six members who have been engaged in the brokerage business as li censed brokers as their major occupation for five years proceeding appointment; and six members who represent the public - three members who have been engaged in the brokerage business as licensed brokers as their major occupation for five years proceeding appointment; and six members who represent the public -Six members who have been engaged in the brokerage business as licensed brokers as their major occupation for five years proceeding appointment; and three members who represent the public - answer✔✔Six members who have been engaged in the brokerage business as licensed brokers as their major occupation for five years proceeding appointment; and three members who represent the public The term "False, Misleading or Deceptive acts or practices" Includes, but is not limited to which of the following acts? - Disparaging the goods - All of these -Passing off goods and services as those of another -Using deceptive representations or designations of geographic origin in connection with goods or services - answ er✔✔- All of these The executive director shall give notice of the commissions order to the party under investigation. The notice must do which of the following? - State the amount of any penalty imposed -All of these -Inform the person of the rights to judicial review -Include the findings of fact and conclusions of law, separated stated - answer✔✔-All of these Public beach policy for the state of Texas Includes - answer✔✔The public shall have free and unrestricted right of ingress and egress to and for the state owned beaches bordering the Seward shore of the gulf of Mexico Emblements - answer✔✔Harvestable plants, tress, and cultivated vegetation An aggrieved party may bring a private enforcement action in a state or federal court under which of these ci rcumstances? - answer✔✔Within two year of the stated discriminatory action and can even be filed if an administratice proceeding through TWCCRD is in process Largest and most complete bundle of rights of ownership is which of these? - answer✔✔Fee Simple Ab solute Prior to introduction of the condominium concept, property ownership had been limited to ownership of which of the following? - answer✔✔Land What are the components of the NFIP - answer✔✔Risk mitigation Risk identification Subsidization General rule of caputure applies to: - answer✔✔Game animals, ground water, and oil Limited service broker - answer✔✔For a flat fee, posts on MLS but does not represent the seller in any other capacity. Per 1101.2051(b) information or material prepared or c opiled by the commission in connection with complaint, investigation or audit may be disclosed with: - answer✔✔The respondent of the complaint Texas courts, define "Unconsiionable" as which of the following - answer✔✔The act of taking advantage of another who is less sophisticated and less informed Common elements of a condominium: - answer✔✔Stairways, roofs and the lands Difference between C and S corps. - answer✔✔Class C Corps do not have to pass through taxation An estimate of the amount of money that co uld be gained if the property was quickly sold in low demand market is: - answer✔✔Liquidation Value Advantages of written contracts - answer✔✔- Less ambiguity can lead to easier enforcement
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