TEXAS REAL ESTATE NATIONAL EXAM ACTUAL EXAM 145 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED AND CORRECT ANSWERS) |ALREADY GRADE
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Course
2024/2025
Institution
2024/2025
TEXAS REAL ESTATE NATIONAL EXAM
ACTUAL EXAM 145
QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED AND CORRECT
ANSWERS) |ALREADY GRADE
An assessment is a special type of appraisal used for
A.) Property tax purposes.
B.) Estate tax returns.
C.) Divorce settlements.
D.) Income tax returns. - ...
D.) Trends in population composition - Answer✔️✔️-B. special utility services
Title Insurance protects the owner or lender against unexpected claims arising from
past.
A.) Zoning ordinances.
B.) Recorded Easements.
C.) Forged documents.
D.) Unpaid property taxes. - Answer✔️✔️-C. forged documents
An abstract of title contains
A.) An Attorney's opinion of title.
B.) A quiet title lawsuit.
C.) The summary of a title search.
D.) A registrar's certificate of title. - Answer✔️✔️-C. the summary of a title search
When is a salesperson allowed to do an appraisal
A.) if their fee is under 1% of the value
B.) if the value is over $250,000
C.) Never
D.) if the loan is FHA insured - Answer✔️✔️-C. never
An example of government influence on the real estate economy is:
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