AYPO - Texas - Principles of Real Estate 1 Exam Questions Reviewed With Correct Answers
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Course
AYPO Principles of Real Estate
Institution
AYPO Principles Of Real Estate
AYPO - Texas - Principles of Real
Estate 1
Exam Questions Reviewed With
Correct Answers
1. The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau - ANSWER : A)
Consumer ...
AYPO - Texas - Principles of Real
Estate 1
Exam Questions Reviewed With
Correct Answers
1. The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau - ANSWER ✔ : A)
Consumer Financial Protection Bureau
2. A professional organization or association is usually a
not-for-profit organization that seeks to:
A) find new revenue sources to grow the organization.
B) further a particular profession and the interests of
individuals engaged in that profession.
C) allow like-minded individuals to exclusively meet to
discuss business issues with each other.
D) hold educational seminars for the public to make them
aware of the organization. - ANSWER ✔ : B) further a
particular profession and the interests of individuals
engaged in that profession.
3. Which of these IS NOT a type of real property value?
,A) Assessed value
B) Estimated sales value
C) Replacement value
D) Future estimated value - ANSWER ✔ : D) Future
estimated value
4. A contraction or generally slowing down of the
economy is a:
A) Recession.
B) Expansion.
C) Depression.
D) Revival. - ANSWER ✔ : A) Recession.
5. What is the primary purpose for real estate licensing
laws?
A) To protect the general public during real estate
transactions from dishonest or incompetent brokers and
sales agents.
B) To set out minimum standards and qualifications for
licensing brokers and sales agents.
C) To protect licensed brokers and sales agents from
unfair or improper competition.
D) All of these answers are correct. - ANSWER ✔ : D) All
of these answers are correct.
6. Per 1101.2051(b), information or material prepared or
compiled by the commission in connection with a
complaint, investigation, or audit may be disclosed:
A) it may not be disclosed under any circumstances.
B) to the respondent of the complaint.
,C) to a legal representative of the complainant.
D) to a citizen writing in a complaint against a licensee. -
ANSWER ✔ : B) to the respondent of the complaint.
7. According to Sec. 1101.159, the commission must
ensure that the public is able to interact with the
commission:
A) in the Texas Legislature.
B) in TREC meetings.
C) on the Internet.
D) in person. - ANSWER ✔ : C) on the Internet.
8. Investment permanence is another term for:
A) Scarcity
B) Situs
C) Fixity
D) Modification - ANSWER ✔ : C) Fixity
9. The Real Estate License Act defines a broker as a
person who does which of these?
A) Negotiates or attempts to negotiate the listing, sale,
exchange, purchase, or lease of real estate
B) lists or offers, attempts, or agrees to list real estate for
sale, lease, or exchange
C) procures or assists in procuring a prospect to effect the
sale, exchange, or lease of real estate
D) All of these - ANSWER ✔ : D) All of these
10. A short list of types of specialized brokerages in
Texas, includes all of these, except:
, A) Rental Properties
B) Property Management
C) Amusement Park Management
D) Farm and Ranch Properties - ANSWER ✔ : C)
Amusement Park Management
11. Which of these is NOT a type of real property?
A) Forestry Maintenance
B) Agricultural
C) Mixed Use Property
D) Commercial - ANSWER ✔ : A) Forestry Maintenance
12. Real property, often referred to as real estate,
includes which of the following?
A) Land.
B) All of these.
C) Natural resources like water, minerals, and crops.
D) Structures attached directly to the land. - ANSWER ✔ :
B) All of these.
13. "Emblements" are best described by which of the
following?
A) harvestable plants, trees, and cultivated vegetation.
B) impediments to the free and clear ownership and use of
property.
C) the unauthorized intrusion of vegetation onto another
person's land.
D) fixtures. - ANSWER ✔ : A) harvestable plants, trees,
and cultivated vegetation.
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