Module 1: Texas Real Estate Exam Questions With Complete Solutions
What are the various brokerage specializations within real estate? correct answer: residential, commercial, industrial, agricultural, and mixed-use. Price correct answer: the amount paid for a property (sales price) Value correct answer: based on objective and subjective factors. Subjective value is affected by the perception of the individual The business of bringing together people interested in making a real estate transaction is known as a correct answer: brokerage The broker acts as an ____________ of the buyer or the seller (or both) in negotiating the sale, purchase, or rental of a property correct answer: agent A ___________ is a license holder employed by or associated with a broker who conducts brokerage activities on behalf of the broker. correct answer: sales agent The main objective of the Education Standards Advisory Committee (ESAC) is to _____________ curriculum standards, course content requirements, and instructor certification requirements. correct answer: review and revise
Written for
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- Texas Real Estate
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- Texas Real Estate
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- August 6, 2023
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- 2023/2024
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- Exam (elaborations)
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module 1 texas real estate exam questions with co
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