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Principles Of Real Estate Practice Exam 1 With 100% Correct And Verified Answers
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Principles Of Real Estate Practice Exam 1 With 100% Correct And Verified Answers
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Principles Of Real Estate Practice Exam1 With 100% Correct And Verified
Answers
Which of the following does not need a license? -
Correct Answer-a person who offers to sell her own
property
The Texas Real Estate Commission consists of
______. The commission members
serve for _______ terms - Correct Answer-9 members
--- 6 year
When a broker discharges a salesperson, he should:
- Correct Answer-return the license to the Texas
Real Estate Commission
A real estate salesperson may elect to remain
inactive for: - Correct Answer-indefinitely
TRELA states: An applicant must satisfy the
examination requirements not later than
one year after the date the license application is
filed. - Correct Answer-True
The Texas Real Estate Recovery Fund is funded -
Correct Answer-by real estate license fees
The Texas Real Estate Commission may suspend or
revoke a license or take other
disciplinary action authorized by Chapter 1101 if
the license holder, while acting as a
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, broker or salesperson: - Correct Answer-all of the
above
The term "Realtor" applies to any - Correct Answer-
member of the National Association of REALTORS®
The owner of a single-family house in which he
lives wants to sell. If he does not use
discriminatory language in advertising, has not
sold any other house within the past two
years, and does not employ an agent, may he
discriminate on the basis of race in
selecting a purchaser? - Correct Answer-No,
because this would be prohibited by the Civil
Rights Act of 1866.
All of the following are prohibited by the Fair
Housing Act of 1968, as amended,
EXCEPT - Correct Answer-discrimination on the
basis of age
The practice of directing home seekers to
particular neighborhoods based on race,
color, religion, sex, or national origin - Correct
Answer-is known as steering
A licensed real estate agent is offered a listing by
an owner who stipulates that she
will not sell to any person of a certain national
origin. The agent should: - Correct Answer-refuse
the listing
The Americans with Disabilities Act deals primarily
with: - Correct Answer-commercial property
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