Principles of Real Estate I - Test Review Questions AND ANSWERS 100% ACCURATE!
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Course
Principles of Real Estate I -
Institution
Principles Of Real Estate I -
A "net listing" is a listing agreement in which the broker's commission... - ANSWER is the difference ("net") between the sales proceeds and an amount desired by the owner of the real property
When must a broker report a change of address to the commission? - ANSWER Not later than the 10th day ...
, Principles of Real Estate I - Test Review
Questions AND ANSWERS 100%
ACCURATE!
A "net listing" is a listing agreement in which the broker's commission... - ANSWER is
the difference ("net") between the sales proceeds and an amount desired by the owner
of the real property
When must a broker report a change of address to the commission? - ANSWER Not
later than the 10th day after the date a broker moves from the address designated on
the broker's license
Who is the person or business entity receiving an offer? - ANSWER The offeree
"Procuring cause" awards the real estate sales commission to the agent for which of
the following? - ANSWER The most direct influence on the transaction being completed
A contraction or generally slowing down of the economy is a - ANSWER recession
The commission may require a license holder whose license suspension or revocation
is probated to do which of these? - ANSWER Limit practice to an area prescribed by the
commission
In the 2006 Texas case, Caldwell Banker v. Ryan Equity, the appeals court ruled that a
seller is responsible for revealing to the buyer... - ANSWER Any hidden, or latent defect
in a building
According to Sec. 1101.159, the commission must ensure that the public is able to
interact with the commission in which of the following matters? - ANSWER On the
internet
Which of these is NOT an advantage of a written contract? - ANSWER Written
contracts can be communicated and finalized more rapidly.
Which of these IS NOT one of the five duties owed by fiduciary? - ANSWER Infidelity
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