1/18/25, 12:05 PM TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE Flashcards | Quizlet
TEXAS REAL ESTATE NATIONAL EXAM
QUESTIONS WITH VERIFIED SOLUTIONS/A+
GRADE
Save
Terms in this set (145)
An assessment is a special type of appraisal used for
A.) Property tax purposes.
A. property tax purposes B.) Estate tax returns.
C.) Divorce settlements.
D.) Income tax returns.
A company who provided materials for an owner to
remodel their property may give constructive notice
of their unpaid invoices by:
B. obtain a mechanic's or
A.) obtain a blanket lien
material man's lien
B.) obtain a mechanic's or material man's lien
C.) obtain a vendor's lien
D.) obtain an inchoate lien
The value of land can be greatly influenced by
modification improvements made to surrounding parcels of land.
This characteristic is called?
Which of these would the seller sign at closing
A.) The mortgage
D. the property deed B.) The Promissory note
C.) The deed of trust
D.) The property deed
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 1/19
,1/18/25, 12:05 PM TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE Flashcards | Quizlet
Regarding a land contract, which of the following is a
true statement?
A.) A buyer is given legal ownership and title when the
contract is signed.
B. a buyer is given the
B.) A buyer is given the right to possession.
right to possession
C.) A land contract is the best means to purchase a
property.
D.) The seller forfeits legal title until the contract is
honored.
RESPA prohibits,
A.) Use of the HUD settlement statement
C. fees for services not B.) Owner refinance
actually performed during C.) Fees for services not actually performed during
the closing process the closing process
D.) The buyer from selecting their own title insurance
company
The definition of real property includes all except
which of the following
A.) Air rights
C. chattels
B.) Surface rights
C.) Chattels
D.) Subsurface rights
The appraisal principle of substitution states that
A.) Some improvements have a larger payoff in
increased value than others.
C. no one will pay more if
B.) The buyer is paying for expected benefits in the
something equally
future.
desirable is available for
C.) No one will pay more if something equally
less
desirable is available for less.
D.) Maximum value is reached where there is
reasonable uniformity in the neighborhood.
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 2/19
, 1/18/25, 12:05 PM TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE Flashcards | Quizlet
Market data approach appraising may require
adjustments of sold comparables by an appraiser for
all of the following EXCEPT
A. replacement cost of
A.) Replacement cost of structure.
structure
B.) financing made available by seller.
C.) Lot size and location
D.) Sale date of comparable
The term "Commingling" refers to
A.) One office finding a buyer for another office's
listing.
D. mixing funds held for B.) The same office acting as buyer's broker and
other persons with one's seller's broker for the same property.
own money C.) Looking for real estate business at community
social events.
D.) Mixing funds held for other persons with one's own
money.
When evaluating the data in a neighborhood analysis,
a residential property manager will be LEAST
concerned with:
B. special utility services A.) Opportunity for expansion
B.) Special utility services
C.) Traffic counts
D.) Trends in population composition
Title Insurance protects the owner or lender against
unexpected claims arising from past.
A.) Zoning ordinances.
C. forged documents
B.) Recorded Easements.
C.) Forged documents.
D.) Unpaid property taxes.
An abstract of title contains
A.) An Attorney's opinion of title.
C. the summary of a title
B.) A quiet title lawsuit.
search
C.) The summary of a title search.
D.) A registrar's certificate of title.
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 3/19
TEXAS REAL ESTATE NATIONAL EXAM
QUESTIONS WITH VERIFIED SOLUTIONS/A+
GRADE
Save
Terms in this set (145)
An assessment is a special type of appraisal used for
A.) Property tax purposes.
A. property tax purposes B.) Estate tax returns.
C.) Divorce settlements.
D.) Income tax returns.
A company who provided materials for an owner to
remodel their property may give constructive notice
of their unpaid invoices by:
B. obtain a mechanic's or
A.) obtain a blanket lien
material man's lien
B.) obtain a mechanic's or material man's lien
C.) obtain a vendor's lien
D.) obtain an inchoate lien
The value of land can be greatly influenced by
modification improvements made to surrounding parcels of land.
This characteristic is called?
Which of these would the seller sign at closing
A.) The mortgage
D. the property deed B.) The Promissory note
C.) The deed of trust
D.) The property deed
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 1/19
,1/18/25, 12:05 PM TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE Flashcards | Quizlet
Regarding a land contract, which of the following is a
true statement?
A.) A buyer is given legal ownership and title when the
contract is signed.
B. a buyer is given the
B.) A buyer is given the right to possession.
right to possession
C.) A land contract is the best means to purchase a
property.
D.) The seller forfeits legal title until the contract is
honored.
RESPA prohibits,
A.) Use of the HUD settlement statement
C. fees for services not B.) Owner refinance
actually performed during C.) Fees for services not actually performed during
the closing process the closing process
D.) The buyer from selecting their own title insurance
company
The definition of real property includes all except
which of the following
A.) Air rights
C. chattels
B.) Surface rights
C.) Chattels
D.) Subsurface rights
The appraisal principle of substitution states that
A.) Some improvements have a larger payoff in
increased value than others.
C. no one will pay more if
B.) The buyer is paying for expected benefits in the
something equally
future.
desirable is available for
C.) No one will pay more if something equally
less
desirable is available for less.
D.) Maximum value is reached where there is
reasonable uniformity in the neighborhood.
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 2/19
, 1/18/25, 12:05 PM TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS WITH VERIFIED SOLUTIONS/A+ GRADE Flashcards | Quizlet
Market data approach appraising may require
adjustments of sold comparables by an appraiser for
all of the following EXCEPT
A. replacement cost of
A.) Replacement cost of structure.
structure
B.) financing made available by seller.
C.) Lot size and location
D.) Sale date of comparable
The term "Commingling" refers to
A.) One office finding a buyer for another office's
listing.
D. mixing funds held for B.) The same office acting as buyer's broker and
other persons with one's seller's broker for the same property.
own money C.) Looking for real estate business at community
social events.
D.) Mixing funds held for other persons with one's own
money.
When evaluating the data in a neighborhood analysis,
a residential property manager will be LEAST
concerned with:
B. special utility services A.) Opportunity for expansion
B.) Special utility services
C.) Traffic counts
D.) Trends in population composition
Title Insurance protects the owner or lender against
unexpected claims arising from past.
A.) Zoning ordinances.
C. forged documents
B.) Recorded Easements.
C.) Forged documents.
D.) Unpaid property taxes.
An abstract of title contains
A.) An Attorney's opinion of title.
C. the summary of a title
B.) A quiet title lawsuit.
search
C.) The summary of a title search.
D.) A registrar's certificate of title.
https://quizlet.com/994488811/texas-real-estate-national-exam-questions-with-verified-solutionsa-grade-flash-cards/?new 3/19
