Texas Real Estate Principles 1| Questions and Answers with complete
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Course
Texas Real Estate Principles 1
Institution
Texas Real Estate Principles 1
Courses for the renewal of an active real estate broker or sales agent license are called - continuing
education (CE)
What is the maximum amount that the Commission will pay from the real estate recovery trust account
for claims against any one license holder, until the account has been repaid i...
Texas Real Estate Principles 1 Courses for the renewal of an active real estate broker or sales agent license are called - ✔✔continuing education (CE) What is the maximum amount that the Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has been repaid in full by the license holder? - ✔✔$100,000 Which is owned by the tenant? - ✔✔a trade fixture Which of the following terms refers not only to the surface of the earth but also below to the center of the earth, ab ove to infinity, and natural things permanently attached but does NOT refer to artificial things permanently attached? - ✔✔land If the court learns that the seller placed a sign that said "Not Included" on the stove every time a buyer looked at the proper ty, the court will consider which of the following in determining whether the stove is a fixture, absent a written agreement? - ✔✔Intention of the parties What type of estate is complete ownership and exists for an unlimited time? - ✔✔fee simple If a con dition of ownership is violated, title to the subject property automatically reverts to the original owner in - ✔✔a determinable fee estate An urban homestead is limited to a lot or lots NOT to exceed how many acres? - ✔✔10 The method used to describe re al estate by distance, direction, and boundaries is - ✔✔metes -and-
bounds method Which equals one square mile or 640 acres? - ✔✔section Under the federal Fair Housing Act, real estate organizations, such as multiple listing services, may NOT do which beca use someone is in a protected group? - ✔✔refuse membership or put conditions on participation Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales agent to be informed on market conditions and national, state, and loc al developments affecting the real estate business? - ✔✔competency. A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S. Department of Housing and Urban Development or with - ✔✔the Texas Workforce Commission Ci vil Rights Division An aggrieved person who believes illegal discrimination has occurred may file a complaint within what time frame following the alleged discriminatory act? - ✔✔ONE YEAR Appurtenant easement rights transfer with - ✔✔the dominant tenement An owner sells par t of his land that has no access to a public road but does have access over his remaining land. This creates an easement by - ✔✔necessity When there are two or more liens on a property, the order in which the liens will be satisfied when the property is s old will be determined by - ✔✔the priority of the liens Which of the following may be a natural object, such as a tree or a boulder, or an artificial object, such as a steel rod or a stake driven into the ground? - ✔✔Monument It is unlawful for a person to act in the capacity of or claim to be a real estate broker without first - ✔✔obtaining a license from the Texas Real Estate Commission A real estate broker's license is NOT required of persons who - ✔✔advertise and lease their own properties
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