RealEstateU: Texas Real Estate Principles Part 1 F
RealEstateU: Texas Real Estate Principles Part 1 F
Exam (elaborations)
RealEstateU: Texas Real Estate Principles Part 1 Final Exam Questions and Answers Latest 2024/2025 with complete solutions
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Course
RealEstateU: Texas Real Estate Principles Part 1 F
Institution
RealEstateU: Texas Real Estate Principles Part 1 F
If one of the parties in a real estate transaction are not considered competent, the contract between the
parties is considered... - Voidable Contract
As a seller's agent in a transaction, the agent is required to do which of the following? - Inform the
seller of any material information, presen...
RealEstateU: Texas Real Estate
Principles Part 1 Final Exam
If one of the parties in a real estate transaction are not considered competent, the contract between the
parties is considered... - Voidable Contract
As a seller's agent in a transaction, the agent is required to do which of the following? - Inform the
seller of any material information, present all offers to the seller, and answer to the seller.
A seller's agent is entitled to a commission after - The agent finds a buyer who is ready, willing,
and able to purchase the property.
A broker must always place his/her client's interests above their own. This is an example of what
fiduciary duty? - loyalty
A broker will work for a client and with a - customer
A broker's compensation is... - negotiable
A contract whereby a property owner employs a real estate broker to market the property described in
the contract is referred to as the... - Listing Contract
a form of ownership of real property recognized in all states that consists of individual ownership of
some aspects and co-ownership in other aspects of the property is known as - condominium
A joint tenancy is terminated when which of the following cease to exist? - Interest, possession,
title
, A lien imposed against property without consent of an owner is referred to as an... - Involuntary
Lien
A listing contract exists between the real estate broker and the... - Client
A listing contract is an example of an... - Bilateral Contract
A local real estate developer bought an abandoned school building with the intention of converting it to
residential units. This is an example of... - Converted use property
A means of comparing similar type properties would have recently sold to the subject property is known
as: - Market Comparison Approach
A property manager is an example of what type of agent? - General Agent
A real estate agent is an example of what type of agent? - Special Agent
A real estate broker is authorized to perform which of the following? - Deal or sell options on real
estate; identify properties for purchase or lease; auction off real estate.
A right acquired by one party to use land of another party for a special purpose is known as... -
Easements
A seller's broker is required to tell their client any relationship they may have with the buyer. This is an
example of what fiduciary duty? - disclosure
A subdivision plot method describing property includes which of the following... - Lots and blocks
A territorial subdivision six miles long, six miles wide and containing 36 sections, located between two
range lines and two township lines is known as... - Township
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