Exam (elaborations)
Texas Real Estate Principles 1 (Practice Exam)
- Course
- Institution
Texas Real Estate Principles 1 (Practice Exam)
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
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.
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 Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now