The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - ANSWERSA. 12 members
The Commission issues a license to a salesperson after:
A. The person has at least 6 years sales experience.
B. The person is 25 years old.
C. The pe...
The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - ANSWERSA. 12 members
The Commission issues a license to a salesperson after:
A. The person has at least 6 years sales experience.
B. The person is 25 years old.
C. The person has finished 3 classes.
D. The person has met all the requirements for a license. - ANSWERSD. The person has met all the
requirements for a license.
A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of:
A. A mortgage
B. Personal property
C. A deed of trust
D. A house and 2 acres of land - ANSWERSB. Personal property
Annual plants are called fructus industriales or emblements and are:
A. Real estate
,B. Personal property
C. Taxed
D. Leases - ANSWERSB. Personal property
When someone owns property to the exclusion of all other persons, this person is said to hold the
property in:
A. Personality
B. Severalty
C. Common
D. Secret - ANSWERSB. Severalty
A person who owns a property in severalty:
A. Is a tenant in common with other people
B. Is the sole owner of the property
C. Holds the property as community property
D. Has unity of title - ANSWERSB. Is the sole owner of the property
In Texas, an urban homestead is limited to 10 acres and the acres must:
A. Be contiguous
B. Be separated by 1 block
C. A married couple may have a larger urban homestead than a single person.
D. Be all on the same street - ANSWERSA. Be contiguous
Price-fixing, boycotting, and allocation of customers or markets are violations of:
A. Fair housing laws
B. Real estate codes
C. Common law
, D. Antitrust acts - ANSWERSD. Antitrust acts
An agency relationship is always created at the:
A. Broker level
B. Customer level
C. Salesperson level
D. None of the above - ANSWERSA. Broker level
The broker has a fiduciary relationship with his client. The broker owes his client:
A. Obedience, loyalty, and accounting
B. Disclosure and confidentially
C. Reasonable care and diligence
D. All of the above - ANSWERSD. All of the above
A real estate broker or salesperson, while acting as an agent for another, is:
A. A fiduciary
B. Incompetent
C. Discriminating
D. Unlicensed - ANSWERSA. A fiduciary
TRELA does not apply to:
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
C. A public official while engaged in official duties
D. All of the above - ANSWERSD. All of the above
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller papersmaster01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
