Principles of Real Estate EXAM PRACTICE QUESTIONS WITH ANSWERS CHAMPIONS SCHOOL OF REAL ESTATE | 2023 package deal

• Commission Duties and Powers o Texas Real Estate Commission (TREC) ▪ Nine Member – six brokers and three members of the general public ▪ Appointed by the governor to staggered six-year terms ▪ One broker designated by the governor as chairperson o Duties and Powers ▪ Protect the ...

i. John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? a. A commercial tenant's lease will expire at the end of the month. It is terminated by the sale. b. It belongs to the buyer. c. (Its ownership must be negotiated outside the sal...

• The law requiring real estate contracts to be in writing is called the...? statue of frauds • Statute of Frauds: law that requires some documents (deeds included) to be in writing and signed in order to be enforceable by law • Illegal practice of directing home seekers to a particular ...

1. How much is the largest fine for any single violation of the Fair Housing Act? $110,000 2. What is a point? 1% of the loan amount 3. If you believe you are a victim of discrimination under the Federal Fair Housing laws, how long do you have to file a complaint? 1 year 4. What is the sentence ...

Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 1. a: Townhomes and single-family homes differ in that a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townh...

Contracts with a person who lacks mental capacity can be - Answer either void or voidable Community property is a concept of - Answer Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. - Answer an agent will have the opportunity to sell their own listing....

Trec Commision Membership ___________________ has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee ________________ has 13 Members (6 brokers, 6 lawyers, 1 public) Licensed by TREC -18 years old -a US citizen o...

Contracts with a person who lacks mental capacity can be either void or voidable Community property is a concept of Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. an agent will have the opportunity to sell their own listing. Oil and gas companies e...