TEXAS REAL ESTATE FINANCE EXAM
QUESTIONS AND ANSWERS. VERIFIED
2026.
Which of the following is CHATTEL - ANS A. Detached garage
B. Attached satellite dish owned by the seller.
C. WASHER/DRYER - CORRECT
D. In-ground pool
Allows for unequal shares of ownership. - ANS A. TENANTS IN COMMON - CORRECT
B. Joint Tenancy
C. Tenancy by the entirety
D. Freehold estates
Defined as a social science that studies how individuals, governments, firms, and nations make
choices on allocating scarce resources to satisfy their unlimited wants. - ANS A. Finance
B. Social Studies
C. History
D. ECONOMICS - CORRECT
The Federal Open Market Committee is the Fed's: - ANS A. MONETARY POLICY-MAKING BODY
- CORRECT
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, B. Supplies funds to member banks
C. Is one of the 12 Federal Reserve Banks
D. Provides general oversight for the Fed.
Which of the following is NOT necessary for money to function well? - ANS A. IT MUST BE IN
U.S. CURRENCY - CORRECT
b. It must be easily measured to determine its actual value.
C. It must not deteriorate quickly
D. It must be widely accepted by buyers and sellers.
Redlining is prohibited by - ANS A. RESPA
B. TILA
C. CRA - CORRECT
D. HUD
This Act ensures that consumers throughout the nation are provided with more helpful
information about the cost of the mortgage settlement and are protected from unnecessarily
high settlement charges caused by certain abusive practices. - ANS A. Dodd-Frank
B. RESPA - CORRECT
C. TILA
D. Regulation Z
The goal of this Act was to reduce fraud by encouraging states to establish minimum standards
for the licensing and registration of state-licensed mortgage loan originators. - ANS A. SAFE -
CORRECT
B. ECOA
C. CRA
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS. VERIFIED
2026.
Which of the following is CHATTEL - ANS A. Detached garage
B. Attached satellite dish owned by the seller.
C. WASHER/DRYER - CORRECT
D. In-ground pool
Allows for unequal shares of ownership. - ANS A. TENANTS IN COMMON - CORRECT
B. Joint Tenancy
C. Tenancy by the entirety
D. Freehold estates
Defined as a social science that studies how individuals, governments, firms, and nations make
choices on allocating scarce resources to satisfy their unlimited wants. - ANS A. Finance
B. Social Studies
C. History
D. ECONOMICS - CORRECT
The Federal Open Market Committee is the Fed's: - ANS A. MONETARY POLICY-MAKING BODY
- CORRECT
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, B. Supplies funds to member banks
C. Is one of the 12 Federal Reserve Banks
D. Provides general oversight for the Fed.
Which of the following is NOT necessary for money to function well? - ANS A. IT MUST BE IN
U.S. CURRENCY - CORRECT
b. It must be easily measured to determine its actual value.
C. It must not deteriorate quickly
D. It must be widely accepted by buyers and sellers.
Redlining is prohibited by - ANS A. RESPA
B. TILA
C. CRA - CORRECT
D. HUD
This Act ensures that consumers throughout the nation are provided with more helpful
information about the cost of the mortgage settlement and are protected from unnecessarily
high settlement charges caused by certain abusive practices. - ANS A. Dodd-Frank
B. RESPA - CORRECT
C. TILA
D. Regulation Z
The goal of this Act was to reduce fraud by encouraging states to establish minimum standards
for the licensing and registration of state-licensed mortgage loan originators. - ANS A. SAFE -
CORRECT
B. ECOA
C. CRA
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
