Champions Real Estate Exam Prep (Texas) Latest 2023
-2024 /665 Questions With Verified Answers Rated
(A+)
Quiz :In ______ the Texas Real Estate Commission was established to
administer and enforce the TRELA. - √Answer :1949
Quiz :TREC has only _______ promulgated lease forms. - √Answer :2
Quiz :In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b - √Answer :d. both a and b
Quiz :The _______ statute provides that the sender's message must contain
clear and conspicuous notice that the message is an advertisement or
solicitation.
,a. CAN-SPAM
b. Interstate Land Sales Full Disclosure Act
c. Do Not Call
d. Junk Fax Prevention Act - √Answer :CAN-SPAM
Quiz :A ________ is a possible polluter who may be held liable under CERCLA
for the contamination of a property or resource.
a. Safe Harbor
b. EBR
c. PRP
d. TMARR - √Answer :PRP
Quiz :If you hire a mold remediator he must give you a Certificate of Mold
Remediation no later than ___ days after work is complete. - √Answer :10
Quiz :In order to comply with the _______, contracts for the conveyance of an
interest in real estate or leases for a term of more than one year must be in
writing.
a. SAFE Act
b. Statute of Frauds
c. Statue of Limitations
d. RESPA - √Answer :Statute of Frauds
Quiz :A unilateral contract is said to lack __________.
a. Mutuality
b. Fairness
c. Agreement
d. Signatures - √Answer :Mutuality
Quiz :Contracts with a person who lacks mental capacity can be either void or
_____________.
a. Implied
b. Unilateral
c. Voidable
d. Express - √Answer :voidable
,Quiz :All of the land in the U.S. is held under the ________ system.
a. Feudal
b. Freedom
c. Statutory
d. Allodial - √Answer :Allodial
Quiz :The main reason(s) for homestead laws include(s):
a. Preventing the foreclosure of the homestead under any circumstances
b. Prevention of the forced sale of a home by creditors
c. Protection of a creditor's interests in a debtor's property
d. All of these are correct - √Answer :
Quiz :In many states, recognized statutory estates include _______.
a. community property
b. riparian right
c. reservation
d. encroachment - √Answer :community property
Quiz :Only a _______ may earn a commission and only a _______ may sue to
collect a commission.
a. broker, agent
b. agent, broker
c. broker, broker
d. none of the above - √Answer :broker, broker
Quiz :Regardless of representation, all buyers should be provided with a(n)
_______ disclosure of representation at first contact.
a. oral
b. written
c. email
d. all of these are correct - √Answer :d. all of these are correct
Quiz :This _______ is an employment contract.
a. listing agreement
, b. buyer-representation
c. both a and b
d. none of the above - √Answer :c. both a and b
Quiz :What does a real estate agent do with multiple offers on a property?
a. He/she can choose the best offer for the client.
b. He/she can hold all offers until one comes in that is over the asking price.
c. He/she may present the highest offers only.
d. He/she must present all offers to the client. - √Answer :d. He/she must
present all offers to the client.
Quiz :An offer can be communicated by ________.
a. letter
b. phone
c. either a or b
d. must be done orally - √Answer :c. either a or b
Quiz :A permanent marker installed on the land by a surveyor is called ______.
a. a monument
b. metes
c. bounds
d. a lot - √Answer :a. a monument
Quiz :Ownership of real property can be divided among _______.
a. surface rights
b. air rights
c. subsurface rights
d. any and all of the above
Which of the following is NOT considered a common addenda form?
a. Exclusive Right to Sell
b. Financing addendum
c. Mineral reservations
d. Lead-based paint
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