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Principles of Real Estate 1- Texas The CE Shop Exam 2024 Questions and Answers
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Principles of Real Estate 1- Texas The CE Shop Exam
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Principles of Real Estate 1- Texas: TheCE Shop Exam
Which one of the following terms refers to the dimensions, physical features, and
contours of the land? - Answer -Topography
Justin decided to build a privacy fence around his yard. He thought the fence was along
the property line, but it turns out he built it one foot inside his neighbor's property. What
will an inspector document as existing on the neighboring property? - Answer -
Encroachment
The term "real estate" refers to which of the following under TRELA's general
provisions? - Answer -Any interest in real property, including a leasehold, located in or
outside of Texas
Jack works for a great company creating online training for individuals who want to
obtain their real estate license or need to keep their license current. What is Jack's
profession? - Answer -Real estate educator
Lance purchased a home, but he won't own any real estate—just shares in a
corporation. This is because his new home is ______. - Answer -A cooperative
How large is a section used in the rectangular government survey system? - Answer -
640 acres
Unhappy with some of the fees a local mortgage company charges her clients, Renee
decides to not do business with that company and convinces buyer agents showing her
listings to not do business with this company, either. What is this an example of? -
Answer -Group boycotting
Eric is a new licensee who wants to specialize in manufacturing and large office
buildings. He is probably interested in which type of specialization? - Answer -Mixed use
Can sales agents defer their continuing education (CE) requirements if they don't
complete their continuing education prior to renewal? - Answer -Yes, sales agents may
defer completion of CE for 60 days.
Sue Ellen has a contract to buy Roger's house, which she has always admired, when
Roger decides he's ready to move to a senior living community. After Roger finds a
, suitable senior apartment and moves, Sue Ellen writes a check for the agreed-upon
amount, and Roger transfers the deed to her. What is happening in this scenario? -
Answer -Preformance
James is a real estate licensee in Texas. A complaint has been filed through the
TWCCRD against James for a fair housing violation. Which of the following is true? -
Answer -James could be sanctioned by both the TWCCRD and the Real Estate
Commission.
Barbara, a Texas sponsoring broker for Longhorn Realty, paid Gwendolyn, a buyer, a
portion of the commission Longhorn received from the sales transaction. This is known
as ______. - Answer -A rebate
The Johnsons have owned a small restaurant for more than 20 years. It's open for lunch
and dinner six days a week, and 80% of its weekday revenue comes from the happy
hour drink and appetizer specials. The town in which their restaurant is located recently
constructed a new middle school and stripped the liquor license from the Johnsons'
restaurant, because it no longer complies with the ordinance to be 500 feet from a
school property. The Johnsons have accused the town of _____. - Answer -Inverse
condemnation
Rickie is a real estate licensee. She makes regular calls to customers and past clients
to market her services. If someone she calls asks to be put on her internal "do not call"
list, what is Rickie required to do? - Answer -Immediately place the customer's number
on her internal do not call list, and avoid making unsolicited calls from that point forward
What's the name of the act that requires public accommodation areas to be accessible?
- Answer -Americans with Disabilities Act
What must a licensee do regarding property the licensee holds directly or indirectly if it
becomes the subject of a real estate transaction? - Answer -Disclose the interest to all
parties to the transaction.
Charlene shares one wall with her neighbors to the side, but her home has three levels
and she has no upstairs or downstairs neighbors nor a neighbor on the other side. What
type of dwelling does Charlene own? - Answer -Townhome
Who is entitled to reimbursement from the Real Estate Recovery Trust Account? -
Answer -Aggrieved persons affected by a license or certificate holder's wrongdoing
Absent a legal description, what are other ways to identify a property? - Answer -Street
addresses and tax map personal identification numbers
Real estate licensees in Texas need to pay attention to updates from what agency,
which is responsible for enforcing Texas Fair Housing Law? - Answer -The Texas
Workforce Commission Civil Rights Division
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