Exam (elaborations)
TEXAS PRINCIPLES OF REAL ESTATE 1: QUIZ QUESTIONS
- Course
- Institution
TEXAS PRINCIPLES OF REAL ESTATE 1: QUIZ QUESTIONS
[Show more]
Content preview
TEXAS PRINCIPLESOF REAL ESTATE
1: QUIZ
QUESTIONS
Special Agent - Answers -A real estate agent is an example of what type of agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
Market Comparison Approach - Answers -A means of comparing similar type properties,
which have recently sold, to the subject property is known as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
Listing Contract - Answers -A contract in which a property owner employs a real estate
broker to market the property described in the contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
Commercial Property - Answers -Properties with five or more dwelling units are
considered...?
,Special Purpose Property
Commercial Property
Industrial Property
Residential Property
Supply - Answers -The amount of goods offered for sale within a given market at a
given price during a given time period is known as...
Demand
GDP
Supply
None of the above
All of the Above - Answers -The general uses of real property include which of the
following...?
Residential
Industrial
Commercial
All of the above
The Salesperson's Sponsoring Broker - Answers -If a real estate salesperson closes on
a transaction, who pays the salesperson their commission...?
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
General Agent - Answers -A property manager is an example of what type of agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
Principal - Answers -The employer of an agent is known as the...?
Principal
All of the above
Customer
Escrow
Residential - Answers -The market comparison approach is commonly used for this
property type...?
, Mixed-use
Industrial
Residential
Commercial
Real Estate - Answers -Land and everything permanently attached to land is defined
as...?
Bundle of Rights
Real Property
Fixture
Real Estate
Personal Property - Answers -A refrigerator is typically considered...?
Fixture
Real Property
Personal Property
Emblements
Personal Property - Answers -All property that is not land and is not permanently
attached to land is known as...?
Personal Property
Real Property
Real Estate
Fixture
Surface Rights - Answers -Mineral rights are typically considered dominant to which of
the following rights...?
Sub-surface rights
None of the above
Air rights
Surface rights
All of the Above - Answers -Which of the following is considered a legal test for
determining if an item is a fixture or not...?
Intention of the parties
Mode and permanence of how the item was attached
Adaptation of the item
All of the above
Bundle of Rights - Answers -The right of exclusion, which allows a landowner to prevent
others from entering or occupying their property, is included in the...?
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 Greaterheights. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. 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