Texas real estate - Study guides, Class notes & Summaries

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 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: ...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM

RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026 RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026 RealEstateU Texas Real Estate Principles Part 1 Final Exam 2025 Questions & Answers 100% Graded A+ 2025 / 2026

Champions Principles of Real Estate 2 (Texas) Study Guide Exam Containing 91 Questions with Definitive Solutions Newly Updated. Terms like: appraisal - Answer: value of a property maybe affected by social, economic, govt and environmental influences

Champions Principles of Real Estate 2 (Texas) Study Guide Exam Containing 91 Questions with Definitive Solutions Newly Updated. Terms like: appraisal - Answer: value of a property maybe affected by social, economic, govt and environmental influences

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements correct answer: B A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation correct answer: A A tenant is aware that h...

What can proper drainage do for a building site? - Protect the foundation The ______ method converts a single year's expected income (or an annual average) into a market value. - Direct Capitalization Basic property rights include the rights of possession, control, exclusion, enjoyment, and ______. - Disposition What type of value may consumers be interested in if they are looking for the potential rate of return? - Investment Value How are adjustments made in the analysis used in the sa...

Broker's Price Opinion (BPO) A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property Closing The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount Comparative Market Analysis (CMA) A report comparing the prices of sold homes that are similar to the subject property (called comparables), created by a license ho...

The amount of goods offered for sale within a given market at a given price during a given time period. correct answer: supply A property manager is an example of what type of agent? correct answer: General Agent A real estate agent is an example of what type of agent? correct answer: Special Agent The general uses of real property include the following: correct answer: Residential, Commercial, and Industrial A means of comparing similar type properties would have recently sold t...