Exam (elaborations)
Aceable Agent - Texas Real Estate 1 Practice Test Questions with Correct Answers
- Course
- Institution
Aceable Agent - Texas Real Estate 1 Practice Test Questions with Correct Answers
[Show more]
Content preview
Aceable Agent - Texas Real Estate 1 Practice TestQuestions with Correct Answers
Severance Correct Answer-turn real property into personal property
Voidable Correct Answer-can be terminated or rescinded by either party
Real property refers to the land and improvements on it plus the set of
rights associated with real estate ownership. Correct Answer-land, and
improvements on it plus the set of rights associated with real estate
ownership
Sponsoring Broker Correct Answer-Sales agents accept commission
from
Counteroffer Correct Answer-party makes changes to an offer and
represents the new offer
Uniqueness Correct Answer-no two tracts of land are the same
Special Agency Correct Answer-Broker signs listing agreement with
seller
Lot and Block Correct Answer-Plat, Oak Grove, Block 600, Lot 5,
Dallas County, TX
, Fair Housing Correct Answer-the Department of Housing and Urban
Development, commonly referred to as HUD, enforces the
What consequences could a broker suffer if a court concludes they
knowingly and intentionally conveyed incomplete or false information
to a customer? Correct Answer-If they are found to be knowingly and
intentionally at fault, they may be punished with Treble damages for
both economic damages and mental anguish.
grounds for disciplinary action, including revocation or suspension of a
license, EXCEPT Correct Answer-Asking buyers to provide their own
transportation to inspect a property
Condo Correct Answer-An owner lives in a single family dwelling but
only owns the building. The homeowner's association owns and
maintains the grounds, the pool and the exercise room. All of the owners
in the area share the common areas. What does the owner live in?
Market Information Correct Answer-agents use as a basis for advising a
prospect
Trade Fixture Correct Answer-Dining Room Table in NOT
2 Years Correct Answer-How often can homeowners take advantage of
capital gains exemption under the Taxpayer Relief Act of 1997?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81849 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now