Principles 1 Aceable Practice Tests Questions And Complete Answers
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Course
Aceable Principles of Real Estate
Institution
Aceable Principles Of Real Estate
Principles 1 Aceable Practice Tests Questions
And Complete Answers
Wesley just bought a house with a creek that flows along the south boundary. He wants to use the
water to irrigate his garden. Through which set of rights is he entitled to use this water?
A) Water Rights
B) Littoral Rights
...
Principles 1 Aceable Practice Tests Questions
And Complete Answers
Wesley just bought a house with a creek that flows along the south boundary. He wants to use the
water to irrigate his garden. Through which set of rights is he entitled to use this water?
A) Water Rights
B) Littoral Rights
C) Riparian Rights
D) Agricultural Use Rights C) Riparian Rights
According to the canons of professional ethics, what two things MUST be linked to a brokerage's
website?
A) A sample contract and TREC Notice of Representation No. 24
B) The Canons of Professional Ethics and the listing agreement
C) The IABS Notice and the Consumer Protection Notice TREC No. CN 1-2
D) The Consumer Protection Notice and the NAR Code of Ethics C) The IABS Notice
and the Consumer Protection Notice TREC No. CN 1-2
,Principles 1 Aceable Practice Tests Questions
And Complete Answers
A couple owns property as community property. If one spouse dies testate (that is, with a will)
and had children outside of this marriage, how will the community property be distributed?
A) It all goes to the surviving spouse
B) The deceased spouse's 1/2 share will go to his or her children
C) The deceased spouse's 1/2 share will be split between the surviving spouse and the children of
the deceased spouse
D) According to the will D) According to the will
Which of these owners or groups of owners are MOST likely to take title as tenants in common
with no rights of survivorship?
A) David and Julie, a married couple
B) Sarah and Sally, an unmarried couple
C) Jim, an unmarried single guy
D) Tomato Real Estate Holdings, a corporation B) Sarah and Sally, an unmarried couple
Which of the following is an example of a statutory lien?
,Principles 1 Aceable Practice Tests Questions
And Complete Answers
A) An equitable lien
B) A mortgage
C) A vendor's lien
D) An IRS tax lien D) An IRS tax lien
What is the difference between personal property and real property?
A) Personal property is an unattached, moveable asset not considered real estate. Real property is
land, improvements, and its
corresponding rights.
B) Personal property can be turned into real property, but real property can't be turned into
personal property.
C) Personal property includes all real property.
D) Real property always goes with the seller. Personal property always goes with the buyer.
A) Personal property is an unattached, moveable asset not considered real estate. Real
property is land, improvements, and its corresponding rights.
, Principles 1 Aceable Practice Tests Questions
And Complete Answers
Which of these attributes is NOT a protected class under the Texas Real Estate License Act?
A) Familial Status
B) Religion
C) Sexual Orientation
D) Disability C) Sexual Orientation
If pursuing action through HUD, a fair housing complaint must be filed within how long of the
alleged violation?
A) 90 days
B) 1 year
C) 180 days
D) 2 years B) 1 year
Jasmine lives in a single-family home and shares amenities like a pool, golf course, and park
with her neighbors. An HOA owns and maintains these amenities, and Jasmine pays a monthly
fee to the HOA. She most likely lives in a:
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