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Principles of Real Estate 1 Texas Aceable Questions and Answers 100% Pass
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Principles of Real Estate 1 Texas Aceable Questions and Answers 100% Pass Apartment Locators - A real estate license holder who locates dwellings for perspective tenants tenant - One who possesses a propert under a lease without ownership avulsion - the sudden loss of land by flood or when a s...

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  • December 27, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • principles of real estate 1 texas aceable question

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  • Aceable agent real estate
  • Aceable agent real estate

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Principles of Real Estate 1 Texas Aceable
Questions and Answers 100% Pass


Apartment Locators - ✔✔A real estate license holder who locates dwellings for

perspective tenants


tenant - ✔✔One who possesses a propert under a lease without ownership


avulsion - ✔✔the sudden loss of land by flood or when a stream or river changes course


client - ✔✔The person that an agent is representing, made official through a

representation document


Sales agent apprentice education SAE - ✔✔an educational requirement for courses in

the first two years of being licensed as a real estate agent


Consumer - ✔✔A person or company that buys or leases any product or service


land - ✔✔The surface extending down to the center of the earth and up into space


real estate - ✔✔Includes the land and any natural or man made improvements attached

to it, plus the bundle of legal rights of ownership


Personal Property - ✔✔Items that can easily be removed from the land




Katelyn Whitman© 2025, All Rights Reserved.

,2|Page


immobility - ✔✔Characteristic of land stating that land has a particular geographical

location that will remain constant, barring erosion or slow, geological changes


Real Estate Broker - ✔✔A person or corporation who markets to find buyers and sellers

to put together in exchange for a commission


broker's price opinion (BPO) - ✔✔A broker's price opinion is the process used by a

hired sales agent to determine the potential selling price or estimated value of a real

estate property.


Closing - ✔✔The completion of a real estate transaction, at which point required

documents are transmitted and funds are transferred


Comparative Market Analysis (CMA) - ✔✔a report comparing the prices of sold homes

that are similar to the subject property; is created by a license holder to help the seller or

buyer determine the market price


Misrepresentation - ✔✔A false statement (spoken or written) that is made

unintentionally


Party - ✔✔A person involved in a contract for sale, lease or agency


Commingle - ✔✔An illegal act of a license holder who loses their own money with a

clients or customers money


Promulgated Forms - ✔✔Forms prepared and authorized by the Texas real estate

commission that MUST be used by the real estate license holders


Katelyn Whitman© 2025, All Rights Reserved.

, 3|Page


Approved forms - ✔✔Forms prepared and authorized by the TREC that CAN be used

by real estate license holders


Cloud on the title - ✔✔An encumbrance that keeps the title to the property from

transferring easily


Puffing - ✔✔The exaggeration of opinions about real estate


nolo contendere - ✔✔A pleas in a criminal court in which the defendant accepts the

punishment without admitting guilt


Personal Property - ✔✔Any item that is not real estate, also known as chattel or

personality


real estate - ✔✔A part of the surface of land to the center of the eart and upward to

space, plus all improvements made by man or nature.


Allodial System - ✔✔Ownership of land of which the land is owned free and clear; it is

the opposition of the feudal system


Feudal System - ✔✔A form of ownership from England's past in which royalty owned

the land


improvement - ✔✔Any permanate man made addition to land


Subsurface Rights - ✔✔Ownership of the minerals, gas, or oil beneath the surface




Katelyn Whitman© 2025, All Rights Reserved.

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