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Texas Principles 1 Q & A - Champions School of Real Estate All 291 Questions And Answers
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Texas Principles 1 Q & A - Champions School of Real Estate All 291 Questions And Answers Texas Principles 1 Q & A - Champions School of Real Estate All 291 Questions And Answers Texas Principles 1 Q & A - Champions School of Real Estate All 291 Questions And Answers Texas Principles 1 Q & A - Ch...

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  • August 31, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • texas principles 1 q a champions school of rea

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  • Texas Principles of Real Estate 1
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Texas Principles 1 Questions &
m m m m



Answers Verified 2024 -
m m m m



Champions School of Real
m m m m



Estate
m

,Texas mPrinciples m1 mQ m& mA m- mChampions mSchool mof mReal mEstate

1. How mmuch mis mthe mlargest mfine mfor many msingle mviolation mof mthe mFair mHousing mAct?
m$110,000


2. What mis ma mpoint? m1% mof mthe mloan mamount

3. If myou mbelieve myou mare ma mvictim mof mdiscrimination munder mthe mFederal mFair
mHousing mlaws, mhow mlong mdo myou mhave mto mfile ma mcomplaint? m1 myear


4. What mis mthe msentence mthat mis mused mto mremember mhow mmany msq. mft. mare min
mone macre? m4 mnuns mdriving m35 min ma m60 mmph


5. How mlong mdoes ma mconsumer mhave mto mfile ma mcomplaint mwith mTREC magainst ma
mlicensee? m4 myears


6. interest mrate mx mloan mamount m= myearly minterest

7. TREC mCommission mmembers mserve m year m terms. m6 myear
mstaggered


8. The mTREC mCommission mconsists mof mhow mmany mmembers? mHow mmany mof mthem mare
mbrokers? mHow mmany mof mthem mare mpublic? m9, m6, m3


9. The mTexas mReal mEstate mBroker-Lawyer mCommittee mconsists mof mhow mmany mmembers?
mHow mmany mof mthem mare mbrokers? mHow mmany mof mthem mare mlawyers? mHow mmany
mof mthem mare mpublic? m13, m6, m6, m1


10. What mare mthe mgeneral mEligibility mRequirements mto mbe mLicensed mby mTREC? m18
myears mold, ma mUS mcitizen mor mlawfully madmitted malien mresident mof mthe mstate


11. m1 macre= mhow mmany msq mft? m43,560

12. How mdo myou mcalculate mAppreciated mValue? m13. m100% m- mcommission mrate mx msales
mprice: mHow mdo myou mcalculate mSeller's mNet? m100% m+ mappreciation m% mx moriginal mcost


13. How mdo myou mcalculate mDepreciated mValue? m 100% m- mdepreciation m% mx moriginal mcost:

14. A mcontract mthat mcan mbe mcanceled mby mone mof mthe mparties mis mcalled? mvoidable:

15. A mcomplete mhistory mof mthe mtitle mof ma mpiece mof mproperty mis mcalled man? mabstract

16. Condensed mhistory mof mall mdocs mthat mhave mbeen mrecorded maffecting mthe mtitle mof
mthe mproperty? mabstract mtitle


17. What mis mit mcalled mwhen mland mis mincreased min msize mbecause mof mnatural mdeposit
mof mrock mand msoil musually mcaused mby mwater mmovement? mAccretion

, 18. A mcommission mmay msuspend mor mrevoke ma mlicense mfor... m? macting mnegligently mor
mincompetently, mcommingling mmoney mand msoliciting mor mselling moffers mfor mthe msale mof
mreal mestate mby mmeans mof ma mlottery:


19. Enacted min m1992 mand mdeals mwith mcommercial mproperty monly? mADA mAmericans
mwith mDisabilities mAct


20. person mwho madministers mthe mwishes mof ma mwill massigned mby mthe mcourt min mthe
mevent mthe mexecutor mis mnot mwill mto mperform? madministrator


21. Taxing m"according mto mvalue”? mAd mValorem

22. When mone mperson mtakes mpossession mof manother's mland mand mholds mthat mpossession
mfor ma mlong menough mperiod mof mtime mto mbe mable mto mmake mit mtheirs mand mtake
mownership mof mit? mAdverse mPossession


23. Loyalty mis ma mduty mof mthe...? magent

24. Transfer mof mownership mof mproperty m- mAlienation

25. Land mthat mhas mbeen mcreated mby mAccretion m- mAlluvion

26. 100% m+ mappreciation m% mx moriginal mcost m= mappreciated mvalue

27. Right mor mprivilege mto mland mthat mgoes mwith mthe mland mwhen mownership mchanges
msuch mas mparking mlot mspaces, measements, mright mor mways? mAppurtenances


28. percentage m(%) mx mmarket mvalue= massessed mvalue

29. a mperson mholding ma mpower mof mattorney? mAttorney min mFact

30. Sudden mremoval mof mland mby mwater? mAvulsion

31. No mwarranties magainst mencumbrances? mbargain/sale

32. What mis mrequired mto mobtain ma mlicense min mTexas? mbe ma mresident mof mTexas mat
mleast m18 myrs mof mage mat mthe mtime mof mapplication, mbe mof mgood mmoral mcharacter,
mmust mshow mcompetency mby mpassing mthe mexam


33. promised mfor ma mpromise m(real mestate mcontract) m- mbilateral mcontract

34. How mis mPersonal mProperty msold? mBill mof mSale

35. When mone mof mthe mparties mof mthe mcontract mdies, mthe mcontract mis...? mbinding
mon mthe mheirs mif mpossible

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