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AYPO Real Estate Principles of Real Estate I Exam Study Guide (2024 / 2025) Actual Questions and Verified Answers, 100% Guarantee Pass$12.99
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AYPO Real Estate Principles of Real Estate I Exam Study Guide.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/AYPO%20Real%
AYPO Real Estate Principles of Real Estate I
Exam Study Guide Questions & Answers
1. TREC has the authority under TRELA to suspend or even revoke a broker's
license if
Answer They conduct the unlawful practice of law
2. ESAC stands for
Answer Education Standards Advisory Committee
3. What refers to a location from an economic rather than a geographic stand-
point?
Answer Situs.
4. Which amendment guarantees that a citizen will not be deprived of property
without due process of law?
Answer 5th Amendment.
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5. The CFPB is the
Answer Consumer Financial Protection Bureau
6. A professional organization or association is usually a not-for-profit organi-
zation that seeks to
Answer further a particular profession and the interests of individualsengaged in that
profession.
7. A contraction or generally slowing down of the economy is a
Answer Recession.
8. What is the primary purpose for real estate licensing laws?
Answer 1.To protect thegeneral public during real estate transactions from dishonest
or incompetent brokersand sales agents.
2. To set out minimum standards and qualifications for licensing brokers and sales
agents.
3. To protect licensed brokers and sales agents from unfair or improper competition.
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9. Per 1101.2051(b), information or material prepared or compiled by the
commission in connection with a complaint, investigation, or audit may be
disclosed
Answer to the respondent of the complaint.
10. What type of property category includes churches, other places of worship,
schools and colleges, cemeteries and certain government-held properties?
Answer -Special-purpose.
11. Emblements are best described by which of the following?
Answer Harvestableplants, trees, and uncultivated vegetation.
12. A manufactured home can be considered real property if
Answer 1. both the TexasDepartment of Housing and Community Affairs and the
home's county's chief tax appraiser have been notified of the filing
2. a certified copy of the "Statement of ownership and location" for the home has
been filed by the owner in the real property records of the county where the homeis
located
3. the owner of the home has elected to treat the home as their real property
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