AYPO Real Exam Complete Package Deal With Verified Solutions

The Original Legislation: - The Real Estate Dealers Act of 1939 main piece of Texas law governing the licensing and behavior of real estate professionals in the state. - The Real Estate License Act (TRELA) Licensing Duties were added in: - 1955 Broker license was changed from 2 years in the 36 m...

Fixity - land and buildings and other improvements to land require long periods of time to pay for themselves(investment permanence) Situs - location preference from an economic standpoint rather than geographical Economic Characteristics of Land - scarcity, modification, fixity, situs 3 physica...

Real estate has been estimated to represent approximately - one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based econ...

"Psychological stigmas," which involve violent or catastrophic events on a property, fall under which category of disclosure? a. Required disclosures b. Prohibited disclosures c. Permitted disclosures d. None of these - Answer c. Permitted disclosures If there is a field in a promulgated for...

Real estate agents are considered to have which kind relationship with clients? - A fiduciary relationship Acting as which of the following is a violation of The Real Estate License Act? -Acting as a broker without possessing a valid license issued by the Texas Real Estate Commission Which of th...

What is a tax allocation district? - A district where property is charged a higher property tax in order to build infrastructure for that area Which of the following is a factor that affects accessibility? a. Continuity Incorrect b. Mobility substitutes c. Air superiority d. Matriculation - Mo...

If the base side of a triangular plot measures 45' and the height line measures 12', what is the area of the plot in square feet?([b x h] x ½ = A) - 270 square feet An applicant is allowed to use what electronic devices during the real estate exam? - Handheld calculator Convert the following f...

TREC has the authority under TRELA to suspend or even revoke a broker's license if: - They conduct the unlawful practice of law ESAC stands for: - Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - Situs. Which amendment guar...