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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE $19.49
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  5. TEXAS PRINCIPLES 1 - CHAMPIONS SCHOOL OF REAL (TEXASPRINCIPLES)

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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE

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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE. Which of the following is not a characteristic of value of land? (type out the answer) -Demand -Utility -Scarcity -Taxes -Transferability? taxes  How do you calculate Tax? tax rate x assessed value  form of ownership used by marrie...

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  • March 26, 2023
  • 28
  • 2022/2023
  • Exam (elaborations)
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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED
2023 TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED  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 neighborhood based on fair housing protected classes? Steering  Taking buyers to or away from a particular area based on any of the protected categories under Fair Housing Laws is called...? steering or channeling  When a buyer purchases a property and takes over the payments and liability on an existing loan it is called a(n)...? straight assumption  A property description that is considered an informal reference is. ........... tax: tax rate x assessed value = a street address  Which of the following is not a characteristic of value of land? (type out the answer) -Demand -Utility -Scarcity -Taxes -Transferability? taxes  How do you calculate Tax? tax rate x assessed value  form of ownership used by married couples who do not live in a state with community property-has downer and curtesy rights? Tenancy by entirety  two or more people acquire property but ownership is not equal? Tenants in common  person who dies leaving a will? testate  method of attachment (annexation) Fitness or adaptation to property TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE WELL RESEARCHED Intention of the parties? Tests of a fixture  sets insurance premiums based on the sale price of property and is paid at closing of property? Texas Board of Insurance  has 13 Members (6 brokers, 6 lawyers, 1 public) ? Texas Real Estate Borker Lawyer Committee  Under what circumstances can a person be called a "Realtor?" That agent has to join the "NAR" National Association of Realtors  Under Federal Law, if a property was built before 1978 the seller must disclose... ? that the property may contain lead based paint  states what the title covers and does not cover? title commitment  policy that will insure against losses from title defects and against errors in title examination? title insurance  Part / the percentage(%) = total  Areas of earth = 36 Sq. Miles ? townships  claimant can track the time they had possessed the property onto the time the prior claimant possessed the property? Tracking  attached to the property under a commercial lease? Trade fixture  has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term ? Trec Commision Membership

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