AYPO Real Estate Principles of Real Estate I UPDATED ACTUAL Questions and CORRECT Answers
3 views 0 purchase
Course
AYPO Real Estate Principles of Real Estate
Institution
AYPO Real Estate Principles Of Real Estate
AYPO Real Estate Principles of Real Estate
I UPDATED ACTUAL Questions and
CORRECT Answers
TREC has the authority under TRELA to suspend or even revoke a broker's license if: -
CORRECT ANSWER- They conduct the unlawful practice of law
ESAC stands for: - CORRECT ANSWER- Education Standards Adv...
AYPO Real Estate Principles of Real Estate
I UPDATED ACTUAL Questions and
CORRECT Answers
TREC has the authority under TRELA to suspend or even revoke a broker's license if: -
CORRECT ANSWER✔✔- They conduct the unlawful practice of law
What refers to a location from an economic rather than a geographic standpoint? -
CORRECT ANSWER✔✔- Situs.
Which amendment guarantees that a citizen will not be deprived of property without due
process of law? - CORRECT ANSWER✔✔- 5th Amendment.
The CFPB is the: - CORRECT ANSWER✔✔- Consumer Financial Protection Bureau
A professional organization or association is usually a not-for-profit organization that seeks
to: - CORRECT ANSWER✔✔- further a particular profession and the interests of
individuals engaged in that profession.
A contraction or generally slowing down of the economy is a: - CORRECT ANSWER✔✔-
Recession.
What is the primary purpose for real estate licensing laws? - CORRECT ANSWER✔✔- 1.
To protect the general public during real estate transactions from dishonest or incompetent
brokers and sales agents.
2. To set out minimum standards and qualifications for licensing brokers and sales agents.
3. To protect licensed brokers and sales agents from unfair or improper competition.
Per 1101.2051(b), information or material prepared or compiled by the commission in
connection with a complaint, investigation, or audit may be disclosed: - CORRECT
ANSWER✔✔- to the respondent of the complaint.
, What type of property category includes churches, other places of worship, schools and
colleges, cemeteries and certain government-held properties? - CORRECT ANSWER✔✔-
Special-purpose.
Emblements are best described by which of the following? - CORRECT ANSWER✔✔-
Harvestable plants, trees, and uncultivated vegetation.
A manufactured home can be considered real property if: - CORRECT ANSWER✔✔- 1.
both the Texas Department of Housing and Community Affairs and the home's county's chief
tax appraiser have been notified of the filing
2. a certified copy of the "Statement of ownership and location" for the home has been filed
by the owner in the real property records of the county where the home is located
3. the owner of the home has elected to treat the home as their real property
The number one reason that people move is: - CORRECT ANSWER✔✔- Employment
opportunity
How much money can a first time homebuyer draw from his or her own IRA without tax
penalty for the purchase? - CORRECT ANSWER✔✔- $10,000
According to the Texas Department of Insurance, most homeowners policies in Texas include
which of the following coverages? - CORRECT ANSWER✔✔- 1. Loss of use.
2. Medical payments.
3. Dwelling.
A C.L.U.E. report advises a consumer on: - CORRECT ANSWER✔✔- up to seven years of
claims history on a property
Prior to the introduction of the condominium concept, property ownership had been limited to
ownership of... - CORRECT ANSWER✔✔- Land.
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 MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
