Texas Real Estate Principles 1 (Practice Exam) QUESTIONS AND ANSWERS 100% CORRECT!
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Course
Texas Real Estate Principles 1 QUE
Institution
Texas Real Estate Principles 1 QUE
Courses for the renewal of an active real estate broker or sales agent license are called - ANSWER 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 ...
, Texas Real Estate Principles 1 (Practice
Exam) QUESTIONS AND ANSWERS
100% CORRECT!
Courses for the renewal of an active real estate broker or sales agent license are called
- ANSWER 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? - ANSWER $100,000
Which is owned by the tenant? - ANSWER 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, above to infinity, and natural things permanently attached but
does NOT refer to artificial things permanently attached? - ANSWER 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 property, the court will consider which of the following
in determining whether the stove is a fixture, absent a written agreement? - ANSWER
Intention of the parties
What type of estate is complete ownership and exists for an unlimited time? - ANSWER
fee simple
If a condition of ownership is violated, title to the subject property automatically reverts
to the original owner in - ANSWER a determinable fee estate
An urban homestead is limited to a lot or lots NOT to exceed how many acres? -
ANSWER 10
The method used to describe real estate by distance, direction, and boundaries is -
ANSWER metes-and-bounds method
Which equals one square mile or 640 acres? - ANSWER section
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