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Texas Real Estate Principles 1 Practice Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 Practice Exam With 100% Correct And Verified Answers
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Texas Real Estate Principles 1 PracticeExam With 100% Correct And Verified
Answers
Courses for the renewal of an active real estate broker or sales agent
license are called - Correct Answer-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? - Correct Answer-$100,000
Which is owned by the tenant? - Correct Answer-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? - Correct Answer-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? - Correct
Answer-Intention of the parties
What type of estate is complete ownership and exists for an
unlimited time? - Correct Answer-fee simple
If a condition of ownership is violated, title to the subject property
automatically reverts to the original owner in - Correct Answer-a
determinable fee estate
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, An urban homestead is limited to a lot or lots NOT to exceed how
many acres? - Correct Answer-10
The method used to describe real estate by distance, direction, and
boundaries is - Correct Answer-metes-and-bounds method
Which equals one square mile or 640 acres? - Correct Answer-
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? - Correct Answer-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? - Correct Answer-competency.
A complaint of discrimination brought under the Texas Fair
Housing Act can be filed with the U.S. Department of Housing and
Urban Development or with - Correct Answer-the Texas Workforce
Commission Civil Rights Division
An aggrieved person who believes illegal discrimination has
occurred may file a complaint within what time frame following the
alleged discriminatory act? - Correct Answer-ONE YEAR
Appurtenant easement rights transfer with - Correct Answer-the
dominant tenement
An owner sells part of his land that has no access to a public road
but does have access over his remaining land. This creates an
easement by - Correct Answer-necessity
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