Texas Principles of Real Estate 1 Study Guide with Questions and Answers- Multiple Choices

The purpose of the Texas Real Estate License Act is: A. to regulate the sale of real property in Texas B. to prevent commission splits among licensees C. To protect the public against unscrupulous brokers and salesmen D. to define the rule of agents in real estate transactions C Climate, views, access to natural recreation, good schools and job opportunities are some factors that contribute to the desirability of land in particular locations. These factors best describe: A. Scarcity B. Situs C. Modification D. Fixity B When real property is sold: A. Fixtures remain with the property B. Fixtures require a bill of sale C. Fixtures can be removed by the seller D. Fixtures are considered chattel A Emblements are: A. Personal property B. Annually cultivated crops C. Attached to the land D. All of the above D What is often considered the most important test of a fixture? A. Cost B. Method of attachment C. Adaptation to the property D. Intention of the parties B