TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS - CHAMPIONS SCHOOL OF REAL ESTATE.VERIFIED
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Course
Texas Principles of Real Estate 1
Institution
Texas Principles Of Real Estate 1
TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS - CHAMPIONS SCHOOL OF REAL ESTATE.VERIFIED 1. a: 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 ...
i. A hTownhomes hand hsingle-family hhomes hdiffer hin hthat a hcommon
hwall. h(a) htownhomes hshare
(b) hsingle-family hhomes hare hsold has hdistinct hliving hunits hwithin h(c) howners hof htownhomes
hdo hnot hown hthe hland hbecause hof h(d) htownhomes hare hretro-commissioned hand hshare
ii. d: hAir hrights hare hcommonly hleased hor hconveyed hin: h(a) hCell htower hleases(b)
hCondominiums(c) hOutdoor hadvertising h(d) hAll hof hthese hare hcorrect
iii. d: hThree hco-owners hwish hto hdivide htheir hundivided hinterests hin ha hproperty hinto
hindividually howned htracts hof hland. hThis hprocess his hknown has ha(n) . h(a) hAlienation h(b)
hLawsuit
(c) hWaiver h(d) hPartition
iv. d: hIn horder hto hbe hvalid, ha hlease hmust hhave hwhich hof hthe hfollowing hrequirements?
h(a) hCompetent hparties h(lessor hand hlessee) h(b) hConsideration h(rent)(c) hLegal hpurpose(d)
hAll hof hthese hare hcorrect
v. d: hWhich hof hthe hfollowing his hrequired hto hobtain ha hreal hestate hlicense hin hTexas?
(a) hAn happlicant hmust hshow hcompetency hby hpassing hthe hexam(b) hAn happlicant hmust hbe
ha hresident hof hTexas hat hthe htime hof happlication h(c) hAn happlicant hmust hbe hof hgood hmoral
hcharacter(d) hAll hof hthe habove
vi. d: hCompetence his hthe hobligation hof ha hreal hestate hagent hto:
(a) hBe hinformed hon hconditions haffecting hthe hreal hestate hmarket(b) hBe hinvolved hin
hcontinuing heducation hcourses hin htopics hregarding hreal hestate h(c) hExercise hjudgment hand
hskill hin hthe hperformance hof hhis hor hher hwork(d) hAll hof hthese hare hcorrect
vii. d: hA hconsideration his hdefined has .
(a) han hoffer(b) ha hcounteroffer(c) ha hbribe(d) hsomething hgiven hin hexchange hfor ha hpromise
(a) hThe hstandard hrate his hset hby hTREC.(b) hThe hstandard hcommission hrate his hset hby hstate
hlaw.(c) hLong hago, hthe hindustry hagreed hon ha hset hrate, hand hthat his hpretty hmuch hhow hit his
htoday. hHowever, hI hcan hcut hthe hstandard hrate hand hmake hyou ha hdeal.(d) hThere his hno
xi. a: hA hprofessional hassociation hwhose hlocal haffiliates hown hand hoperate hMLS hsystems
hthroughout hthe hUnited hStates his hthe:
(a) hNAR h(b) hCCIM h(c) hBOMA h(d) hICSC
xii. a: hThe hconcept hbehind hthe hgovernment hsurvey hsystem his hthe of ha hgrid hon htop hof
hthe hland.
(a) overlay
(b) metes hand hbounds h(c) hcoordinates
(d) hleaps hand hbounds
xiii. a: hYou hcan huse hthe hacronym to hremember hthe hfive hessential helements hof ha
hvalid hand henforceable hcontract.
(a) hCOLIC h(contractual hcapacity, hoffer hand hacceptance, hlegality hof hobject, hIn hwriting h&
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