Texas Real Estate Principles 1 (Practice Exam).pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Texas%20Real%20
Texas Real Estate Principles 1 (Practice
Exam) Questions & Answers
1. Courses for the renewal of an active real estate broker or sales agent licenseare
called
Answer continuing education (CE)
2. What is the maximum amount that the Commission will pay from the real
estate recovery trust account for claims against any one license holder, untilthe
account has been repaid in full by the license holder?
Answer $100,000
3. Which is owned by the tenant?
Answer a trade fixture
4. 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
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,Texas Real Estate Principles 1 (Practice Exam).pdf file:///C:/Users/HP/Desktop/New%20folder%20(4)/Texas%20Real%20
permanently attached but does NOT refer to artificial things permanently
attached?
Answer land
5. If the court learns that the seller placed a sign that said "Not Included" onthe
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 awritten
agreement?
Answer Intention of the parties
6. What type of estate is complete ownership and exists for an unlimited
time?
Answer fee simple
7. If a condition of ownership is violated, title to the subject property automat-
ically reverts to the original owner in
Answer a determinable fee estate
8. An urban homestead is limited to a lot or lots NOT to exceed how many
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