Texas of real estate - Study guides, Class notes & Summaries
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Texas Principles Of Real Estate II Final Exam: Questions & Answers: Latest Updated :Complete Version
- Exam (elaborations) • 20 pages • 2023
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Texas Principles Of Real Estate II Final Exam: Questions 
& Answers: Latest Updated :Complete Version 
 
Written documents affecting a title to real estate are recorded: 
A. where the titleholder resides 
B. where the titleholder has legal residence 
C. at the county clerk's office where the property is located 
D. at any county clerk's office in Texas -answer- C. at the county clerk's office where the property is 
located 
A person appointed by a court to settle the estate of a deceased pe...
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Real Estate Marketing: Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE 100% Correct
- Exam (elaborations) • 31 pages • 2024
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Real Estate Marketing: Commercial Real 
Estate (SAE), Champions Commercial 
Real Estate- SAE 100% Correct 
General Lien (also Statatory) attaches to all the property of the debtor, not exempt from 
forced sale (Example: a judgment or IRS lien) 
Diplomacy the ability to handle clients and situations in a sensitive and effective way - is 
critical in commercial real estate, and a lack of it can expose you immediately as a beginner. 
DTPA The Deceptive Trade Practices Act (DTPA) is a Texas law that...
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Texas Principles Of Real Estate II Final Exam: Questions & Answers: Latest Updated
- Exam (elaborations) • 20 pages • 2023
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Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas (Ans - C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: A. another executor B. a legatee C. an administrato...
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Texas Law of Agency Q&A
- Exam (elaborations) • 40 pages • 2023
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Agency - Answer- This refers to the relationship between a principal and the principal's agent which arises out of a contract, either expressed or implied, written or oral, wherein the agent is employed by the principal to do certain acts dealing with a third party..? 
 
Agency 
Brokerage 
Joint venture 
Partnership 
 
All of the Above - Answer- Which of the following can serve as a principal...? 
 
Seller 
Buyer 
Lessor 
All of the above 
 
Independent Contractor - Answer- Real estate agents o...
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Champions School Of Real Estate Finance 2024 Tested And Verified
- Exam (elaborations) • 5 pages • 2024
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Champions School Of Real Estate 
Finance 2024 Tested And Verified 
Seller's market - CORRECT ANSWER-When supply is low and demand is high 
Buyer's market - CORRECT ANSWER-When supply is high and demand is low 
The process of creating a new mortgage loan - CORRECT ANSWER-Origination 
The detailed process of evaluating a borrower's loan application to determine the risk 
involved for the lender - CORRECT ANSWER-Underwriting 
When there is an excess of money supply in the market - CORRECT ANSW...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Champions School of Real Estate Law of Agency – Questions and Answers Already Passed
- Exam (elaborations) • 17 pages • 2024
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Champions School of Real Estate Law of 
Agency – Questions and Answers 
 
Already Passed 
 
The principal is also known as client 
 
fiduciary relationship a relationship founded on trust and confidence 
 
Agency Relationship Exists when one person (the agent) acts for, or on 
behalf of another person (the principal). 
 
the principal is the one who hires and gives authority to the agent 
 
Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the 
public against unscr...
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers
- Exam (elaborations) • 13 pages • 2023
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker 
 
Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...
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TEXAS PRINCIPLES OF REAL ESTATE II 300 QUESTIONS AND ANSWERS |2023-2024|A GRADED
- Exam (elaborations) • 33 pages • 2023
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Lenders require a borrower to establish and maintain a reserve fund to ______. - answer- Pay any property taxes in case the borrower misses a payment 
 
Brandon recently purchased an old warehouse building. This building will serve as a hub for local deliveries of fruits and vegetables within the state. During its first week in operation, one of the delivery drivers was involved in an accident that spilled coconuts all over the road and shut down the interstate for hours. What type of risk is th...
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Texas Principles of Real Estate 1 (2024 / 2025) Exam | Questions and Verified Answers | Grade A
- Exam (elaborations) • 55 pages • 2024
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Texas Principles of Real Estate 1 (2024 / 2025) Exam | Questions and Verified Answers | Grade A Q: Under subchapter E of TRELA the commission has a responsibility to make information available about the commission and its duties in the interest in: Answer: The general public Q: In a real estate transactions who may a licensee represent? Answer: A client Q: What type of real estate market occurs when both supply and demand are low? Answer: Stagnant Market Q: Assume you are a licensee in Texas who...
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