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A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: - Improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this...

Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC Which of the following is an element of a listing agreement? - the agreement to pay a stated commission, usually a percentage of the sales price the IRS considers which of the following a violation o...

TREC has received an application for a Texas Real Estate Sales License from Mary. Mary has completed all her educational requirements, and passed the state exam. At this point TREC will begin the background check. What is FALSE? (a) TREC has no time limit for determining integrity (b) TREC has ...

John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? - It belongs to the buyer. A commercial tenant's lease will expire at the end of this month. He is currently in the process of removing his display cases from the shop. What is true...

John owns the dominant estate with an easement appurtenant. John sells the property. What happens to the easement? - It belongs to the buyer. A commercial tenant's lease will expire at the end of this month. He is currently in the process of removing his display cases from the shop. What is true...

In a residential lease with a "right of first refusal" provision: - The tenant has the right to match or better any offer the landlord receives to prevent the property from being sold to someone else The four ECONOMIC characteristics of land are: - 1) Scarcity 2) Modification 3) Situs 4) Fi...

In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. - 1949 TREC has only _______ promulgated lease forms. - 2 In the TAR® Seller's Disclosure the seller should _______. a. prepare the disclosure when the listing is taken b. be the only one completin...

Rights, privileges or improvements that belong to and pass with land. - Appurtenance Man made additions to the land such as buildings and landscaping. Also known as free standing - Improvements Right or interest in something that is temporary or movable by nature. Also known as chattel or person...

The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price - B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * - A A veteran can ...

This person hires an agent - The Principal The agent works on behalf of this person - the client (principal) This type of agency allows for the greatest range of authority - Universal This is provided to the agent when there is written documentation that the agency relationship exists. - Express...

a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification - D.) Modification The supply of Real Estate is affected...