Texas real estate stuvia - Study guides, Class notes & Summaries
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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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Champions School of Real Estate: Law of Contracts|208 Questions and Answers 100% Accurate
- Exam (elaborations) • 16 pages • 2024
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Champions School of Real Estate: Law of Contracts|208 Questions and Answers 100% AccurateChampions School of Real Estate: Law of Contracts|208 Questions and Answers 100% AccurateChampions School of Real Estate: Law of Contracts|208 Questions and Answers 100% AccurateTexas Real Estate Commission - ANSWER-Created by the legislature in 1949 to carry out the provisions of TRELA 
 
Unauthorized Practice of Law - ANSWER-When license holders add provisions to contracts that go beyond the factual busine...
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Texas Real Estate Principles 2 (Allied)Questions & Answers(RATED A+)
- Exam (elaborations) • 24 pages • 2024
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1. Real property can be acquired or conveyed via - ANSWER transfer 
wills and trust 
intestate succession 
adverse possession 
by natural causes 
 
The transfer of the title to real property and possession of lands, tenements, or other things, from one person to another. - ANSWER Alienation 
 
Property is acquired by transfer when - ANSWER by an act of the parties or law, title is conveyed from one person to another by means of a written document. 
 
The most common method of transferring rea...
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Texas Principles of Real Estate II Questions & Answers(SCORED A+)
- Exam (elaborations) • 28 pages • 2024
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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 Express Exam Questions & Answers 100% Correct!!
- Exam (elaborations) • 37 pages • 2024
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What kind of professionals manage the legal aspects of a development project? - ANSWER Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials 
 
What types of professionals are involved in the transfer of rights and interest in Real Estate? - ANSWER Titles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers 
 
Property is classified into what three types? - ANSWER Residential, Comm...
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Texas Principles of Real Estate - Part 2 Questions & Answers(GRADED A+)
- Exam (elaborations) • 67 pages • 2024
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The liquidation of a financial obligation on an installment basis is referred to as...? 
Buy-down 
Discounting 
Amortization 
None of the above - ANSWER Amortization 
 
Which of the following is used by lenders to increase the lender's yield on the loan without increasing the annual interest rate...? 
Amortization 
Loan discount points 
Balloon payments 
Reduced broker fees - ANSWER Loan discount points 
 
The term "point" is slang: 
0.1% 
1% 
2% 
10% - ANSWER 1% 
 
In an improper frac...
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Texas Principles of Real Estate II Questions & Answers 100% Correct!
- Exam (elaborations) • 26 pages • 2024
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Mixed Numbers - ANSWERSA number containing both a whole number and a fraction (examples: 1⅓; 9⅞) 
 
Improper Fractions - ANSWERSa fraction with its numerator equal to or greater than its denominator 
 
Commission Calculation - ANSWERSSales price X rate of commission = total commission 
 
Solving for the Commission Rate - ANSWERSCommission Rate = Commission ÷ Price 
 
Solving for the Property's Price - ANSWERSPrice = Commission ÷ Commission Rate 
 
Profit - ANSWERSProfit (or Loss) = Sellin...
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Texas Real Estate Exam/ State & National Licensing – Complete Questions & Answers (100% Correct Answers)
- Exam (elaborations) • 34 pages • 2023
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Texas Real Estate Exam/ State & National Licensing – Complete Questions & Answers (100% Correct Answers)Texas Real Estate Exam/ State & National Licensing – Complete Questions & Answers (100% Correct Answers)Texas Real Estate Exam/ State & National Licensing – Complete Questions & Answers (100% Correct Answers)Texas Real Estate Exam/ State & National Licensing – Complete Questions & Answers (100% Correct Answers)Texas Real Estate Exam/ State & National Licensing – Complete Questions & ...
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Texas Principles of Real Estate II Questions & Answers(GRADED A+)
- Exam (elaborations) • 19 pages • 2024
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What does the denominator show? - ANSWER Tells how many total parts there are 
 
What should you do to convert fractions to decimals? - ANSWER Divide the numerator by the denominator 
 
Landlords base rents on what criteria? - ANSWER Landlords decide what their rents will be, based on the rental market, type of property and the geographic location. 
 
Formula: Commission - ANSWER Sales price x Rate of commission = 
 
Formula: Commission Rate - ANSWER Commission ÷ Price = 
 
Formula: Proper...
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Texas Principles of Real Estate II Test Questions & Answers(RATED A+)
- Exam (elaborations) • 15 pages • 2024
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Profit - ANSWER The result of selling something for more than what it cost to purchase it 
 
Profit Margin - ANSWER is the percentage of selling price that is turned into profit. 
 
Interest - ANSWER the amount paid in return for the use of money. 
 
Types of Interest Calculations - ANSWER Simple 
Add-on 
Compound 
 
Add-on Interest - ANSWER entails computing the interest on the total amount of the loan for the entire loan term. Then this amount of interest is added to the total principal a...
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