Texas Real Estate Principles 1 Exam:Principles of Real Estate Final Exam Review: Real Estate Final Exam: Texas Principles Of Real Estate II Final Exam;Texas Principles 1 Exam Practice Questions :Texas Principles of Real Estate Express Exam;

Townhomes and single-family homes differ in that ______a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townhomes are retro-commissioned and share (Ans- (a) townhomes share Righ...

What kind of professionals manage the legal aspects of a development project? (Ans- Real Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate?...

Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas (Ans - C. at the county clerk's office w...

The ______________ is the most active in the regulation of real estate licensees. (Ans-d) state government 2. Which of the following is necessary for a deed of conveyance to be valid? (Ans-b) The deed must be in writing 3. The primary distinction between the legal concepts of real estate a...

In the real estate business, which professional's primary role is to make improvements to land? (Ans-Real estate developer Hotels, motels, golf courses, resorts, and sporting arenas belong to which of these property categories? (Ans-leisure In the real estate business, which professiona...

Anything that is fastened or attached to real property permanently is considered to be: (Ans- Real Property A quitclaim deed releases all present claims, rights and title of the: (Ans- Grantor When a creditor wants to satisfy a judgement which was levied against another person, the credito...

What type of insurance protects the business if it is unable to produce income due to a covered event? (Ans-Business interruption (Business interruption insurance protects against loss of income when a business is unable to produce due to a covered event.) Colleen and Judy purchased a dilap...

All of the following violate the Texas Real Estate License Act, EXCEPT: (Ans- Disclosing all known facts pertaining to a property to a client The aspect of the real estate business that is concerned with bringing together the parties and completing the transactions is: (Ans- brokerage An att...

A sales agent or broker associate may perform duties as a real estate licensee under what circumstance? (Ans- While associated with and supervised by a broker. What is the name of the part of the beach that is privately owned? (Ans- Dry beach. Real estate law covers general property law, r...

The listing is always taken in the name of the _________ and becomes the property of the ___________. A. Broker—salesperson B. Salesperson—seller C. Broker—broker D. Broker—seller (Ans- C. Broker- broker A deed is used to transfer ownership of real estate. A bill of sale would be...

Bundle of Legal Rights is property included in (Ans-The definition of real property Bundle of rights concept (Ans-Possession, Enjoyment, Exclusion, Disposition, control In Pennsylvania, mine activities refers to (Ans-Subsurface rights Land is considered to be (Ans-indestructible...

Agent (ans- works for a client giving advice and with a customer giving information Agency (ans- condition which legally exists when a principal contracts with an agent to perform on his behalf. Universal agency (ans- authorizes an agent to handle matters of all types for the principal. ...

Which of the following is true of "condominiums"? A. It is an ownership where owners own their unit solely but share ownership with the common areas, and buildings B. It applies to ownership, not to construction or development C. It is a type of ownership where all of the owners own each other...

Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights ...