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Examen

Texas Real Estate Principles 1 (Practice Exam)

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Publié le
17-09-2024
Écrit en
2024/2025

"I hear they're moving in. There goes the neighborhood! Better put your house on the market before values drop!" This is an example of - Correct Answer blockbusting A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S. Department of Housing and Urban Development or with - Correct Answer the Texas Workforce Commission Civil Rights Division A consumer has sent a complaint to the Texas Real Estate Commission (TREC) against a real estate agent, claiming a violation of the Canon of Integrity. The agent is accused of - Correct Answer misrepresenting the condition of the property by omitting pertinent facts A license holder must use the earnest money contract forms promulgated by the Commission unless - Correct Answer an attorney prepares the forms and the property owner requires their use A licensed real estate broker is not authorized to practice law unless the broker also is a licensed attorney. Which activity is permitted to be performed by a real estate license holder? - Correct Answer Filling in the blanks of a contract form promulgated or approved for that use by the Texas Real Estate Commission (TREC) A real estate agent tells a seller during a listing presentation that the firm's real estate commission is in line with those of other real estate firms in the area. The broker may - Correct Answer be guilty of price-fixing A real estate broker's license is NOT required of persons who - Correct Answer advertise and lease their own properties A sales agent has which agency relationship with the sponsoring broker? - Correct Answer A general agency relationship An acre consists of how many square feet? - Correct Answer 43,560 An aggrieved person who believes illegal discrimination has occurred may file a complaint within what time frame following the alleged discriminatory act? - Correct Answer ONE YEAR An owner sells part of his land that has no access to a public road but does have access over his remaining land. This creates an easement by - Correct Answer necessity An urban homestead is limited to a lot or lots NOT to exceed how many acres? - Correct Answer 10 Appurtenant easement rights transfer with - Correct Answer the dominant tenement Before people can act in the capacity of or represent themselves as real estate brokers, they must first - Corre

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Texas Real Estate Principles 1
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Publié le
17 septembre 2024
Nombre de pages
3
Écrit en
2024/2025
Type
Examen
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Texas Real Estate Principles 1 (Practice
Exam)

"I hear they're moving in. There goes the neighborhood! Better put your house on the market before values drop!"
This is an example of - Correct Answer blockbusting

A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S. Department of
Housing and Urban Development or with - Correct Answer the Texas Workforce Commission Civil Rights Division

A consumer has sent a complaint to the Texas Real Estate Commission (TREC) against a real estate agent, claiming
a violation of the Canon of Integrity. The agent is accused of - Correct Answer misrepresenting the condition of the
property by omitting pertinent facts

A license holder must use the earnest money contract forms promulgated by the Commission unless - Correct
Answer an attorney prepares the forms and the property owner requires their use

A licensed real estate broker is not authorized to practice law unless the broker also is a licensed attorney. Which
activity is permitted to be performed by a real estate license holder? - Correct Answer Filling in the blanks of a
contract form promulgated or approved for that use by the Texas Real Estate Commission (TREC)

A real estate agent tells a seller during a listing presentation that the firm's real estate commission is in line with those
of other real estate firms in the area. The broker may - Correct Answer be guilty of price-fixing

A real estate broker's license is NOT required of persons who - Correct Answer advertise and lease their own
properties

A sales agent has which agency relationship with the sponsoring broker? - Correct Answer A general agency
relationship

An acre consists of how many square feet? - Correct Answer 43,560

An aggrieved person who believes illegal discrimination has occurred may file a complaint within what time frame
following the alleged discriminatory act? - Correct Answer ONE YEAR

An owner sells part of his land that has no access to a public road but does have access over his remaining land.
This creates an easement by - Correct Answer necessity

An urban homestead is limited to a lot or lots NOT to exceed how many acres? - Correct Answer 10

Appurtenant easement rights transfer with - Correct Answer the dominant tenement

Before people can act in the capacity of or represent themselves as real estate brokers, they must first - Correct
Answer obtain a license from the Texas Real Estate Commission

Courses for the renewal of an active real estate broker or sales agent license are called - Correct Answer continuing
education (CE)

Encumbrances on real estate - Correct Answer may include liens, easements, and deed restrictions

If a condition of ownership is violated, title to the subject property automatically reverts to the original owner in -
Correct Answer a determinable fee estate

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? - Correct Answer Intention of the parties
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