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TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM |120 VERIFIED EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE $12.49
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TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM |120 VERIFIED EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE
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TEXAS PRINCIPLES OF REAL ESTATE 1
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TEXAS PRINCIPLES OF REAL ESTATE 1
TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM |120 VERIFIED EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS,ALL GRADED A+|GUARANTEED SUCCESS|LATEST UPDATE
Trey Commision Membership - ANSWER-9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term.
Texas Re...
TEXAS PRINCIPLES OF REAL ESTATE 1
FINAL EXAM 2024-2025|120 VERIFIED
EXAM QUESTIONS WITH CORRECT
VERIFIED ANSWERS,ALL GRADED
A+|GUARANTEED SUCCESS|LATEST
UPDATE
Trey Commision Membership - ANSWER-✔9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - ANSWER-✔13 Members (6 brokers, 6
lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - ANSWER-✔18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - ANSWER-✔buying, selling or
leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - ANSWER-✔ensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
, A commission may suspend or revoke a license for - ANSWER-✔acting negligently or
incompetently, comingling money and soliciting or selling offers for the sale of real
estate by means of a lottery
An appeal can be made on a decision by the commission - ANSWER-✔it must be
taken to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - ANSWER-✔A copy of the
"Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
ANSWER-✔Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - ANSWER-✔That
agent has to join the "NAR" National Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - ANSWER-✔FEDERAL
LAW that where the only protected class was Race. No one can discriminate because
of RACE.
Civil Rights Act of 1968 - ANSWER-✔Amended the Civil Rights Act of 1866 to include
race, color, national origin, religion,
Civil Rights Act of 1974 - ANSWER-✔Amended to include Sex (Male or Female)
Civil Rights Act of 1988 - ANSWER-✔Amended to include Handicap and Familial
status
Define Handicapped - ANSWER-✔having a physical or mental disability (including
hearing, mobility, visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Steering - ANSWER-✔Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - ANSWER-✔agent must refuse to take the
listing
ADA Americans with Disabilities Act - ANSWER-✔enacted in 1992 deals with
commercial property only
Personal Property - ANSWER-✔Things not attached to the land
Chattel - ANSWER-✔also known as Personal Property
, How is Personal Property sold - ANSWER-✔Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - ANSWER-
✔Personal Property
Appurtenances - ANSWER-✔right or privilidge to land that goes with the land when
ownership changes such as parking lot spaces, easements, right or ways
Fixture - ANSWER-✔was personal property but then became real estate because it
has been attached to the land
Tests of a fixture - ANSWER-✔method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
Trade fixture - ANSWER-✔attached to the property under a commercial lease
Riparian Rights - ANSWER-✔rights to anothers land who borders a stream or river
Littoral Rights - ANSWER-✔rights to anothers land who borders a lake
Accretion - ANSWER-✔land is increased in size because of natural deposit of rock
and soil usually caused by water movement
Alluvion - ANSWER-✔the land that has been created by Accretion
Reliction - ANSWER-✔dry land that results when water withdraws from the land
Avulsion - ANSWER-✔suddent removal of land by water
Erosion - ANSWER-✔the gradual wearing away of land and rock by water
Physical Characteristics of land - ANSWER-✔immobility
indestructibility
nonhomogeneity
economic characteristics of land - ANSWER-✔scarcity, modification, improvements,
permanence of investment, area preference.
Situs - ANSWER-✔Area Preference
Four types of legal descriptions of land - ANSWER-✔Metes and Bounds
Rectangular survey system
recorded plats
reference to documents other than maps
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