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Texas Real Estate Principles 1 (Practice Exam)
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Texas Real Estate Principles 1 (Practice Exam)
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Texas Real Estate Principles 1 (PracticeExam)
Courses for the renewal of an active real estate broker or sales agent license
are called - -continuing education (CE)
-What is the maximum amount that the Commission will pay from the real
estate recovery trust account for claims against any one license holder, until
the account has been repaid in full by the license holder? - -$100,000
-Which is owned by the tenant? - -a trade fixture
-Which of the following terms refers not only to the surface of the earth but
also below to the center of the earth, above to infinity, and natural things
permanently attached but does NOT refer to artificial things permanently
attached? - -land
-If the court learns that the seller placed a sign that said "Not Included" on
the stove every time a buyer looked at the property, the court will consider
which of the following in determining whether the stove is a fixture, absent a
written agreement? - -Intention of the parties
-What type of estate is complete ownership and exists for an unlimited
time? - -fee simple
-If a condition of ownership is violated, title to the subject property
automatically reverts to the original owner in - -a determinable fee estate
-An urban homestead is limited to a lot or lots NOT to exceed how many
acres? - -10
-The method used to describe real estate by distance, direction, and
boundaries is - -metes-and-bounds method
-Which equals one square mile or 640 acres? - -section
-Under the federal Fair Housing Act, real estate organizations, such as
multiple listing services, may NOT do which because someone is in a
protected group? - -refuse membership or put conditions on participation
-Which aspect of the Canons of Professional Ethics and Conduct requires the
broker or sales agent to be informed on market conditions and national,
state, and local developments affecting the real estate business? - -
competency.
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