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Principles of Real Estate Practice Exam 1 questions with correct answers.
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Principles of Real Estate Practice Exam 1 questions with correct answers.
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Principles of Real Estate Practice Exam1 questions with correct answers.
Which of the following does not need a license? ANS - a person who offers to sell her own property
The Texas Real Estate Commission consists of ______. The commission members
serve for _______ terms ANS - 9 members --- 6 year
When a broker discharges a salesperson, he should: ANS - return the license to the Texas Real Estate
Commission
A real estate salesperson may elect to remain inactive for: ANS - indefinitely
TRELA states: An applicant must satisfy the examination requirements not later than
one year after the date the license application is filed. ANS - True
The Texas Real Estate Recovery Fund is funded ANS - by real estate license fees
The Texas Real Estate Commission may suspend or revoke a license or take other
disciplinary action authorized by Chapter 1101 if the license holder, while acting as a
broker or salesperson: ANS - all of the above
The term "Realtor" applies to any ANS - member of the National Association of REALTORS®
The owner of a single-family house in which he lives wants to sell. If he does not use
discriminatory language in advertising, has not sold any other house within the past two
years, and does not employ an agent, may he discriminate on the basis of race in
selecting a purchaser? ANS - No, because this would be prohibited by the Civil Rights Act of 1866.
, All of the following are prohibited by the Fair Housing Act of 1968, as amended,
EXCEPT ANS - discrimination on the basis of age
The practice of directing home seekers to particular neighborhoods based on race,
color, religion, sex, or national origin ANS - is known as steering
A licensed real estate agent is offered a listing by an owner who stipulates that she
will not sell to any person of a certain national origin. The agent should: ANS - refuse the listing
The Americans with Disabilities Act deals primarily with: ANS - commercial property
Which of the following are not classified as real property? ANS - emblements
Easements, rights-of-way, and condominium parking stalls are examples of ANS - appurtenances
Which of the following would be considered to be a fixture because of the manner of
its attachment to the property? ANS - water heater
The tests of a fixture include the method of annexation to the real estate, adaptation
to a particular use of the premises, and ANS - the intention of the parties
Which of the following is NOT a physical characteristic of land? ANS - fungibility
The shortage of land in a given area where there is great demand for land is: ANS - scarcity
Area preference in the location of land is described as ANS - situs
How many square miles are there in a section? ANS - 1
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