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Real Estate Principles I questions with accurate answers.
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Real Estate Principles I questions with accurate answers.
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Real Estate Principles I questions withaccurate answers.
The purpose of the Texas Real Estate License Act is ANS -To protect the public against unscrupulous
brokers and salesmen
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 ANS -Situs
When real property is sold ANS -Fixtures remain with the property
Emblements are ANS -Personal property, Annually cultivated crops, Attached to the land
What is often considered the most important test of a fixture ANS -Intention of the parties
All of these are factors which can affect insurance premiums, EXCEPT ANS -Policyholder's age
The main distinction between a townhome and a single-family home is that ANS -Townhomes share a
common wall (party wall)
Homeowners insurance can protect the policyholder from unexpected losses, including ANS -Fire,
Vandalism, Personal liability
When an agent is authorized to carry out the affairs of a business for another this is ANS -General
agency
The duties of an agent include ANS -Loyalty, confidentiality and disclosure
One who represents another from whom he has derived authority is called ANS -An agent
, A licensee who represents a party must disclose this representation ANS -At first contact
The duties of a broker in a fiduciary relationship do NOT include ANS -Trust
The IABS form is used ANS -To provide agency information to consumers
Appointed associates under an Intermediary may ANS -Give advice and opinions to their respective
parties
The Intermediary Relationship Notice ANS -Names the appointed associates when intermediary with
appointments is used
Taking buyers to or away from a particular area based on any of the protected categories under Fair
Housing laws is called ANS -Steering
The Federal Fair Housing Act provides for both civil and criminal penalties ANS -False
The Civil Rights Act of 1968 does NOT offer protection for discrimination based on ANS -Occupation
The Federal Fair Housing Act prohibits housing discrimination on the basis of all of the following, EXCEPT
ANS -Age
The penalties for violation of the Fair Housing Act are ANS -Up to $75,000 for the first violation and up to
$150,000 for subsequent violations
The law requiring the ease of access and the removal of barriers is ANS -The Americans with Disabilities
Act
Requirements of the ADA include ANS -Wheelchair access, Braille marking on elevator control keys,
Flashing alarm lights for the hearing impaired
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