Aceable Agent - Texas Real Estate 1 Practice Test.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20-%20Texas
Aceable Agent - Texas Real Estate 1 Practice Test
1. Severance
ANS turn real property into personal property
2. Voidable
ANS can be terminated or rescinded by either party
3. Real property refers to the land and improvements on it plus the set of rightsassociated
with real estate ownership.
ANS land, and improvements on it plus the setof rights associated with real estate ownership
4. Sponsoring Broker
ANS Sales agents accept commission from
5. Counteroffer
ANS party makes changes to an offer and represents the new offer
6. Uniqueness
ANS no two tracts of land are the same
7. Special Agency
ANS Broker signs listing agreement with seller
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,Aceable Agent - Texas Real Estate 1 Practice Test.pdf file:///C:/Users/HP/Desktop/NIW/Aceable%20Agent%20-%20Texas
8. Lot and Block
ANS Plat, Oak Grove, Block 600, Lot 5, Dallas County, TX
9. Fair Housing
ANS the Department of Housing and Urban Development, commonlyreferred to as HUD,
enforces the
10. What consequences could a broker suffer if a court concludes they know-ingly and
intentionally conveyed incomplete or false information to a cus- tomer?
ANS If they are found to be knowingly and intentionally at fault, they may be punished with
Treble damages for both economic damages and mental anguish.
11. grounds for disciplinary action, including revocation or suspension of a license,
EXCEPT
ANS Asking buyers to provide their own transportation to inspect aproperty
12. Condo
ANS An owner lives in a single family dwelling but only owns the building.The homeowner's
association owns and maintains the grounds, the pool and theexercise room. All of the owners
in the area share the common areas. What doesthe owner live in?
13. Market Information
ANS agents use as a basis for advising a prospect
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