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VanEd Principles of Real Estate 1 Practice Quiz Questions & Answers.
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VanEd Principles of Real Estate 1 Practice Quiz Questions & Answers.
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VanEd Principles of Real Estate 1 PracticeQuiz Questions & Answers
Air hspace. h- hANS-What his hthe hreal hestate hrights habove hthe hground hsurface
hcalled?
Real hestate hvalue h- hANS-The h__________ hrepresents han hexpected hprice hthat
hshould hresult hunder hspecific hconditions.
Competent h- hANS-A hbroker hor hsales hassociate hthat his hqualified hto hanswer
hquestions habout ha hspecific hreal hestate his hsaid hto hbe h____________.
Education; hEthics; hCompetence. h- hANS-The hpurpose hof hthe hreal hestate hlicense his
hto hensure hthe hlicensee hmeets hthe hminimum hstandard hof h_____________
hmandated hby hTexas hReal hEstate hCommission h(TREC).
National hAssociation hof hREALTORS h(NAR) h- hANS-Which hProfessional hreal hestate
horganization his hopen hto hreal hestate hprofessionals hinvolved hin hresidential,
hcommercial, happraisal, hcounseling, hand heven hproperty hmanagement hbrokerage,
hand hprovides htraining, hresearch, hand hidea hexchange has hwell has hbusiness
hnetworking?
Texas hAssociation hof hREALTORS h(TAR) h- hANS-What hprofessional hrealtor
hassociation hhas ha hmission hof hpromoting hand hprotecting hprivate-property hownership
hand hrights hin horder hto hkeep hhomeownership haffordable?
The hconsumer; hThe hpractitioner. h- hANS-Real hestate hspecialization hoffers hbenefits
hto h______________.
Housing hfor hOlder hPersons hAct hof h1995 h(HOPA) h- hANS-The h_______________
hlaw hcontains hrequirements, hprovisions, hand hexemptions hpertinent hto hsenior h(55
hand holder) hhouse hin.
An hagreement hbetween hstates hthat hallows hthe hagent hto hbe hlicensed hin hanother
hstate. h- hANS-Reciprocity his hdefined has h_________.
A hfixture. h- hANS-A hmoveable hitem hthat his hpermanently hattached hto hthe hland hby ha
hbill hof hsale, hand hwhich htransfers hwith hthe hproperty, his h_______________.
, Subsurface hrights. h- hANS-What hrights hentitle hthe howner hto hmaterial hbelow hthe
hsurface h(e.g.: hminerals, hwater)?
Interstate hLand hSales hFull hDisclosure hAct h(ILSFDA) h- hANS-What hfull hdisclosure
hAct hrequires hdevelopers hto hfile ha hstatement hof hdisclosures?
Market hconditions. h- hANS-What hinformation hdoes ha hbroker hor hsales hassociate
htypically hmarket?
Education hStandard hAdvisory hCommittee h(ESAC) h- hANS-Which hTexas hReal hEstate
hLicense hAct hCommittee his hresponsible hfor hreviewing hand hrevising hreal hestate
hcontinuing hed. hcourse hcurriculum hstandards, hcontent hrequirements, hand hinstructor
hcertification?
Its himmobility h- hANS-What hphysical hcharacteristics hof hland hmake hit hdifferent hfrom
hother hcommodities hthat hare hbought hand hsold?
They hare hstill hconsidered hreal hproperty. h- hANS-When hmineral hrights hand hair hrights
hare hsold hseparately h____________.
Appurtenances h- hANS-Items hthat hare hattached hto hthe hland, hmade ha hpart hof hthe
hland, hand hthat hinclude hrights hor hprivileges hwhich hlie houtside hthe hland, hbut hwhich
hare hattached hto hthe hland, hare h______________.
To hensure hsenior hhousing hhas hat hleast hone hperson hage h55 hor holder hin hits
hoccupied hunits. h- hANS-What his hthe hpurpose hof hHousing hfor hOlder hPersons hAct hof
h1995 h(HOPA)?
Financial hstatements; hInfrastructure hdevelopments; hProperty hconditions. h- hANS-The
hInterstate hLand hSales hFull hDisclosure hAct h(ILSFDA) hrequires hany hdeveloper
hselling hmore hthan h100 hnon-exempt hsubdivided hresidential hlots has hpart hof ha
hcommon hpromotional hplan hto hfile ha hstatement hcontaining hdisclosures, hwhich
hinclude h_________.
Sale h- hANS-According hto hthe hInterstate hLand hSales hFull hDisclosure hAct h(ILSFDA),
ha(n)______________ hoccurs hwhen ha hpurchaser hacquires han hequitable hinterest hin
hthe hproperty.
The hsale hof hproperty hto ha hgovernment hagency h- hANS-What htypes hof hproperty
hsales hare hexempt hfrom hInterstate hLand hSales hFull hDisclosure hAct h( hILSFDA)
hdisclosure hand hregistration hrequirements?
Service hanimals h- hANS-The h"no hpets" hrule hdoes hnot happly hto h_______________.
Texas hProperty hCode. h- hANS-What hlaws hare hintended hto hregulate hthe hrights hand
hrelations hbetween hlandlords hnad htenants?
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