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Texas Principles Of Real Estate 1 Exam Questions With 100% Correct And Verified Answers
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Texas Principles Of Real Estate 1 Exam Questions With 100% Correct And Verified Answers
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Texas Principles Of Real Estate 1 ExamQuestions With 100% Correct And
Verified Answers
Special Agent - Correct Answer-A real estate agent
is an example of what type of agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
Market Comparison Approach - Correct Answer-A
means of comparing similar type properties, which
have recently sold, to the subject property is known
as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
Listing Contract - Correct Answer-A contract in
which a property owner employs a real estate
broker to market the property described in the
contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
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,Commercial Property - Correct Answer-Properties
with five or more dwelling units are considered...?
Special Purpose Property
Commercial Property
Industrial Property
Residential Property
Supply - Correct Answer-The amount of goods
offered for sale within a given market at a given
price during a given time period is known as...
Demand
GDP
Supply
None of the above
All of the Above - Correct Answer-The general uses
of real property include which of the following...?
Residential
Industrial
Commercial
All of the above
The Salesperson's Sponsoring Broker - Correct
Answer-If a real estate salesperson closes on a
transaction, who pays the salesperson their
commission...?
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
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, General Agent - Correct Answer-A property
manager is an example of what type of agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
Principal - Correct Answer-The employer of an
agent is known as the...?
Principal
All of the above
Customer
Escrow
Residential - Correct Answer-The market
comparison approach is commonly used for this
property type...?
Mixed-use
Industrial
Residential
Commercial
Real Estate - Correct Answer-Land and everything
permanently attached to land is defined as...?
Bundle of Rights
Real Property
Fixture
Real Estate
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