The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - ANSWERSA. 12 members
The Commission issues a license to a salesperson after:
A. The person has at least 6 years sales experience.
B. The person is 25 years old.
C. The pe...
The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members - ANSWERSA. 12 members
The Commission issues a license to a salesperson after:
A. The person has at least 6 years sales experience.
B. The person is 25 years old.
C. The person has finished 3 classes.
D. The person has met all the requirements for a license. - ANSWERSD. The person has met all the
requirements for a license.
A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of:
A. A mortgage
B. Personal property
C. A deed of trust
D. A house and 2 acres of land - ANSWERSB. Personal property
Annual plants are called fructus industriales or emblements and are:
A. Real estate
,B. Personal property
C. Taxed
D. Leases - ANSWERSB. Personal property
When someone owns property to the exclusion of all other persons, this person is said to hold the
property in:
A. Personality
B. Severalty
C. Common
D. Secret - ANSWERSB. Severalty
A person who owns a property in severalty:
A. Is a tenant in common with other people
B. Is the sole owner of the property
C. Holds the property as community property
D. Has unity of title - ANSWERSB. Is the sole owner of the property
In Texas, an urban homestead is limited to 10 acres and the acres must:
A. Be contiguous
B. Be separated by 1 block
C. A married couple may have a larger urban homestead than a single person.
D. Be all on the same street - ANSWERSA. Be contiguous
Price-fixing, boycotting, and allocation of customers or markets are violations of:
A. Fair housing laws
B. Real estate codes
C. Common law
, D. Antitrust acts - ANSWERSD. Antitrust acts
An agency relationship is always created at the:
A. Broker level
B. Customer level
C. Salesperson level
D. None of the above - ANSWERSA. Broker level
The broker has a fiduciary relationship with his client. The broker owes his client:
A. Obedience, loyalty, and accounting
B. Disclosure and confidentially
C. Reasonable care and diligence
D. All of the above - ANSWERSD. All of the above
A real estate broker or salesperson, while acting as an agent for another, is:
A. A fiduciary
B. Incompetent
C. Discriminating
D. Unlicensed - ANSWERSA. A fiduciary
TRELA does not apply to:
A. An attorney licensed in this state
B. An on-site manager of an apartment complex
C. A public official while engaged in official duties
D. All of the above - ANSWERSD. All of the above
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