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Texas principles of real estate Questions and CORRECT Answers
Texas principles of real estate Questions and CORRECT Answers Best Package Deal
[Show more]Texas principles of real estate Questions and CORRECT Answers Best Package Deal
[Show more]Tenant - Who is the lessee in a lease agreement? 
operating budget - an annual budget that includes income and expenses for a property's 
operation. 
competition - Which economic principle is related to supply and demand? 
Real Estate Syndicate - What type of real estate investment may meet the de...
Preview 1 out of 3 pages
Add to cartTenant - Who is the lessee in a lease agreement? 
operating budget - an annual budget that includes income and expenses for a property's 
operation. 
competition - Which economic principle is related to supply and demand? 
Real Estate Syndicate - What type of real estate investment may meet the de...
Fraction - A fraction is part of the whole. You'll need to convert fractions to decimals 
doing real estate math problem 
Profit - The result of selling something for more than what it cost to purchase it. 
Interest - The money earned or received from a loan investment. 
Simple interest - The mone...
Preview 2 out of 5 pages
Add to cartFraction - A fraction is part of the whole. You'll need to convert fractions to decimals 
doing real estate math problem 
Profit - The result of selling something for more than what it cost to purchase it. 
Interest - The money earned or received from a loan investment. 
Simple interest - The mone...
TRELA 
Texas Real Estate License Act - -law that governs all real estate licensees and sets powers 
for TREC 
TREC 
Texas Real Estate Commission - -three prong test to determine if license required 
(Is activity or dealing in real property for compensation for others?) 
-Lists, Leases, Buys, Exchan...
Preview 2 out of 8 pages
Add to cartTRELA 
Texas Real Estate License Act - -law that governs all real estate licensees and sets powers 
for TREC 
TREC 
Texas Real Estate Commission - -three prong test to determine if license required 
(Is activity or dealing in real property for compensation for others?) 
-Lists, Leases, Buys, Exchan...
The approach used as the best indicator of value for existing properties. 
a. functional obsolescence 
b. sales comparison 
c. highest and best use 
d. market value 
e. external obsolescence - B 
Refers to the loss in desirability of the style, layout, or function of an element of a property 
over ...
Preview 4 out of 34 pages
Add to cartThe approach used as the best indicator of value for existing properties. 
a. functional obsolescence 
b. sales comparison 
c. highest and best use 
d. market value 
e. external obsolescence - B 
Refers to the loss in desirability of the style, layout, or function of an element of a property 
over ...
Samantha is a real estate licensee. She's showing her client a property. The client asks about 
some spots on the ceiling and wonders if they're an indication of a roof leak. What should 
Samantha do? - Suggest that her client contact a roofing expert to make a determination. 
Buying and selling...
Preview 3 out of 22 pages
Add to cartSamantha is a real estate licensee. She's showing her client a property. The client asks about 
some spots on the ceiling and wonders if they're an indication of a roof leak. What should 
Samantha do? - Suggest that her client contact a roofing expert to make a determination. 
Buying and selling...
brokerage - The business of bringing buyers and sellers together and assisting in 
negotiations for the terms of sale of real estate. 
real estate broker - A person or an organization acting as the agent for others in 
negotiating the purchase and sale of real property or other commodities for a f...
Preview 4 out of 65 pages
Add to cartbrokerage - The business of bringing buyers and sellers together and assisting in 
negotiations for the terms of sale of real estate. 
real estate broker - A person or an organization acting as the agent for others in 
negotiating the purchase and sale of real property or other commodities for a f...
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