TEXAS PRINCIPLES 1 EXAM 2024-2025 ACTUAL EXA... Study
TEXAS PRINCIPLES 1 EXAM 2024-2025 ACTUAL
EXAM 150 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ASNWERS) |ALREADY GRADED A+
Terms in this set (166)
Samantha is a real estate Suggest that her client contact a roofing expert to make
licensee. She's showing her a determination.
client a property. The client
asks about some spots on Buying and selling homes is Samantha's area of
the ceiling and wonders if expertise, not identifying roof leaks. She shouldn't offer
they're an indication of a an opinion about whether the roof leaks, but she should
roof leak. What should suggest contacting an expert in this field.
Samantha do?
Not wanting to delay b
closing, Alice, the seller's
agent, didn't disclose when
the seller informed her a
week before closing that
the water heater needed to
be replaced. Which
fiduciary duty to the
customer is Alice violating?
a Confidentiality
b Honesty and fair dealing
c Loyalty
d Obedience
,Real estate licensees in d
TEXAS
Texas need toPRINCIPLES
pay attention 1 EXAM 2024-2025 ACTUAL EXA...
to updates from what
agency, which is
responsible for enforcing
Texas Fair Housing Law?
A) The Discriminatory Acts
Board
b) The Fair Housing
Administration and
Enforcement Board
c) The Fair Housing Updates
Board
d) The Texas Workforce
Commission Civil Rights
Division
The earth's surface, extending downward to the center
What's the best definition of
of the earth and upward to infinity, including
land?
permanently attached natural objects
TREC must notify By displaying it in a readily noticeable location in each
consumers of their right to place of business the brokers maintain
file a complaint against a
licensed sales agent,
broker, or easement or
right-of-way agent by which
of the following means?
Covers the gap between the actual loan amount and
80% of the LTV
What's the purpose of PMI? Private mortgage insurance (PMI) is used on
conventional loans that are taken out for more than 80%
of the LTV. It covers the gap between the actual loan
amount and 80% of the LTV.
, A real estate licensee is Designated
TEXAS
acting PRINCIPLES
as what type of 1 EXAM 2024-2025 ACTUAL EXA...
agent when assigned by the
broker to represent one
party in an in-house
transaction?
What's the purpose of the To prevent discrimination in lending
ECOA?
Acme Realty offers Group boycotting
discounted services.
Berringer Realty and
Hawthorne Real Estate
Group decide to not show
any of Acme's listings and to
prohibit showings from
Acme buyers to drive Acme
out of business. What is this
an example of?
How do licensees create Through the parties' actions
implied agency?
Tina has fee simple b
ownership of her timeshare
unit. Which of these is NOT
an example of the type of
ownership she may have?
A) Interval ownership
b) Right-to-use
c) Tenancy in common
d) Timeshare estate
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