Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
Q: An insurance policy protecting against a variety of hazards is referred to as a...?
Homestead Policy
Individual Policy
Homeowners Policy
Package Policy
Answer:
Homeowners Polic...
an insurance policy protecting against a variety o
texas principles of real estate 1texas principles
texas principles of real estate 2texas principles
Geschreven voor
Texas Principles of Real Estate
Texas Principles of Real Estate
2
beoordelingen
Door: leonelakevml25 • 6 maanden geleden
Door: ldelcristo • 1 jaar geleden
Verkoper
Volgen
nurse_steph
Ontvangen beoordelingen
Voorbeeld van de inhoud
Texas Principles of Real Estate 1 Final Exam | Ques tions and Verified Answers| Grade A| 2023/ 2024 Upda te Q: An insurance policy protecting against a variety of hazards is referred to as a...? Homestead Policy Individual Policy Homeowners Policy Package Policy Answer: Homeowners Policy Q: Which of the following is an advantage to owning a home...? Tax benefits Pride of ownership Potential for asset appreciation All of the above Answer: All of the Above Q: An individual is exempt from paying taxes on capital gains for up to how much in profit if he/she lived in the house for at least 2 of the last 5 years...? $100,000 $250,000 $500,000 $1,000,000 Answer: $250,000 Q: An individual who has not owned real property for at least the previous two years is known as a...? First-time homebuyer Conventional homebuyer Exempt homebuyer Vacant homebuyer Answer: First-Time Homebuyer Q: When a real estate broker represents a buyer in a transaction, the broker and buyer are bound by which of the following contracts...? Buyer Representation Agreement Listing Agreement All of the above Purchase Agreement Answer: Buyer Representation Agreement Q: A contract in which a property owner employs a real estate broker to market the property described in the contract is referred to as the....? Exclusive Contract Purchase Contract Listing Contract Agency Contract Answer: Listing Contract Q: The 'L' in the acronym C.O.A.L.D. stands for which fiduciary duty...? Loyalty Litigation Listing License Answer: Loyalty Q: The employer of an agent is referred to as the...? Principal Partner Customer Fiduciary Answer: Principal Q: An agency relationship created by oral or written agreement between the principal and the agent is known as...? General Agency Brokerage Implied Agency Express Agency Answer: Express Agency Q: Which of the following acronyms summarizes the fiduciary duties a broker owes to his/her principal...? C.O.A.L.D. O.L.D.C.A W.B.V.A. C.A.T.T.L. Answer: C.O.A.L.D. Q: The Deceptive Trade Practices Act discourages agent from which of the following acts...? Puffing Exclusive agency Indemnification All of the above Answer: Puffing Q: Real estate brokers have a ................... relationship with the principal? Universal Fiduciary Special General Answer: Fiduciary Q: As a seller's agent in a transaction, the agent is required to do which of the following...? Answer to the seller Present all offers to the seller Inform the seller of any material information All of the above Answer: All of the Above
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper nurse_steph. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €10,78. Je zit daarna nergens aan vast.
