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Principles of Real Estate 1- Texas The CE Shop questions with actual answers.
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Principles of Real Estate 1- Texas The CE Shop questions with actual answers.
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Principles of Real Estate 1- Texas TheCE Shop questions with actual answers.
Which one of the following terms refers to the dimensions, physical features, and contours of the land?
ANS - Topography
Justin decided to build a privacy fence around his yard. He thought the fence was along the property
line, but it turns out he built it one foot inside his neighbor's property. What will an inspector document
as existing on the neighboring property? ANS - Encroachment
The term "real estate" refers to which of the following under TRELA's general provisions? ANS - Any
interest in real property, including a leasehold, located in or outside of Texas
Jack works for a great company creating online training for individuals who want to obtain their real
estate license or need to keep their license current. What is Jack's profession? ANS - Real estate
educator
Lance purchased a home, but he won't own any real estate—just shares in a corporation. This is because
his new home is ______. ANS - A cooperative
How large is a section used in the rectangular government survey system? ANS - 640 acres
Unhappy with some of the fees a local mortgage company charges her clients, Renee decides to not do
business with that company and convinces buyer agents showing her listings to not do business with this
company, either. What is this an example of? ANS - Group boycotting
Eric is a new licensee who wants to specialize in manufacturing and large office buildings. He is probably
interested in which type of specialization? ANS - Mixed use
Can sales agents defer their continuing education (CE) requirements if they don't complete their
continuing education prior to renewal? ANS - Yes, sales agents may defer completion of CE for 60 days.
, Sue Ellen has a contract to buy Roger's house, which she has always admired, when Roger decides he's
ready to move to a senior living community. After Roger finds a suitable senior apartment and moves,
Sue Ellen writes a check for the agreed-upon amount, and Roger transfers the deed to her. What is
happening in this scenario? ANS - Preformance
James is a real estate licensee in Texas. A complaint has been filed through the TWCCRD against James
for a fair housing violation. Which of the following is true? ANS - James could be sanctioned by both the
TWCCRD and the Real Estate Commission.
Barbara, a Texas sponsoring broker for Longhorn Realty, paid Gwendolyn, a buyer, a portion of the
commission Longhorn received from the sales transaction. This is known as ______. ANS - A rebate
The Johnsons have owned a small restaurant for more than 20 years. It's open for lunch and dinner six
days a week, and 80% of its weekday revenue comes from the happy hour drink and appetizer specials.
The town in which their restaurant is located recently constructed a new middle school and stripped the
liquor license from the Johnsons' restaurant, because it no longer complies with the ordinance to be 500
feet from a school property. The Johnsons have accused the town of _____. ANS - Inverse
condemnation
Rickie is a real estate licensee. She makes regular calls to customers and past clients to market her
services. If someone she calls asks to be put on her internal "do not call" list, what is Rickie required to
do? ANS - Immediately place the customer's number on her internal do not call list, and avoid making
unsolicited calls from that point forward
What's the name of the act that requires public accommodation areas to be accessible? ANS -
Americans with Disabilities Act
What must a licensee do regarding property the licensee holds directly or indirectly if it becomes the
subject of a real estate transaction? ANS - Disclose the interest to all parties to the transaction.
Charlene shares one wall with her neighbors to the side, but her home has three levels and she has no
upstairs or downstairs neighbors nor a neighbor on the other side. What type of dwelling does Charlene
own? ANS - Townhome
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