Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas 1 2026-03-06
Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
1. Exclusive right to sell agreement guarantees the agent's
brokerage receives a commission if
the property is sold, regardless of
who brings the buyer
2. Lead based paint An agent is listing a property built
in 1964. The agent is required by
federal law to provide the buyer
with a disclosure on which environ-
mental hazard
3. In Writing For a listing agreement to be en-
forceable in court, it MUST be:
4. Trust Tenancy Which one of the following is NOT
a type of co-ownership?
5. limited partnership When a business has general part-
ners that oversee the day-to-day
activities of the business and oth-
er partners that are only investors
and ONLY have liability up to the
amount of their investments
6. creditors Texas homestead laws protect
homeowners from:
7. abstract of title What is the history of the title to a
property called?
8. Littoral rights Buyer Alex is looking at a lakefront
property. He has questions about
whether he would be allowed to
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Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
access and use the lake. What kind
of rights is Alex wondering about?
9. Riparian Rights Rights that govern the use of
flowing water, such as rivers and
streams that pass through or bor-
der a property are known as:
10. cloud on title Winston and Ally purchased a
home together, but both remained
on the title after their divorce, even
though Ally got the house to her-
self. While trying to sell the house,
it is discovered that Winston is still
considered an owner.
This is an example of what type of
encumbrance?
11. sue for compensatory damages, specific perfor- When there is a breach of contract,
mance or both the non-breaching party can re-
scind the contract, forfeit the con-
tract, or:
12. Air Lot space above a parcel of land called
13. contour maps Where can developers find infor-
mation about the terrain and ele-
vation for a given parcel
14. rectangular survey method Choose the survey method that
could result in this legal descrip-
tion: "SW 1/4 of the NE 1/4 of the
Page 2 Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas.pdf
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Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
NW 1/4 of Section 2, Township 8
South, Range 3
15. bench mark A monument used to establish the
elevation of the point, usually rela-
tive to Mean Sea Level. It is perma-
nent.
16. government survey system A method of specifying the lo-
cation of a parcel of land using
prime meridians, base lines, stan-
dard parallels, guide meridians,
townships and sections is known as
the...
17. range A strip or column of land six miles
wide, determined by a government
survey, running in a north-south di-
rection, lying east or west of a prin-
cipal meridian is known as a
18. Metes and Bounds Land in Texas was originally identi-
fied by
19. all of the above Which of the following is an exam-
ple of a monument...?A) A treeB) A
postC) A streamD) All of the above
20. metes & bounds Describes the perimeter of the
subject property in terms of
boundaries directions and distance
21. what objects are used to mark surveys
Page 3 Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas.pdf
Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
1. Exclusive right to sell agreement guarantees the agent's
brokerage receives a commission if
the property is sold, regardless of
who brings the buyer
2. Lead based paint An agent is listing a property built
in 1964. The agent is required by
federal law to provide the buyer
with a disclosure on which environ-
mental hazard
3. In Writing For a listing agreement to be en-
forceable in court, it MUST be:
4. Trust Tenancy Which one of the following is NOT
a type of co-ownership?
5. limited partnership When a business has general part-
ners that oversee the day-to-day
activities of the business and oth-
er partners that are only investors
and ONLY have liability up to the
amount of their investments
6. creditors Texas homestead laws protect
homeowners from:
7. abstract of title What is the history of the title to a
property called?
8. Littoral rights Buyer Alex is looking at a lakefront
property. He has questions about
whether he would be allowed to
Page 1 Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas.pdf
, Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas 2 2026-03-06
Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
access and use the lake. What kind
of rights is Alex wondering about?
9. Riparian Rights Rights that govern the use of
flowing water, such as rivers and
streams that pass through or bor-
der a property are known as:
10. cloud on title Winston and Ally purchased a
home together, but both remained
on the title after their divorce, even
though Ally got the house to her-
self. While trying to sell the house,
it is discovered that Winston is still
considered an owner.
This is an example of what type of
encumbrance?
11. sue for compensatory damages, specific perfor- When there is a breach of contract,
mance or both the non-breaching party can re-
scind the contract, forfeit the con-
tract, or:
12. Air Lot space above a parcel of land called
13. contour maps Where can developers find infor-
mation about the terrain and ele-
vation for a given parcel
14. rectangular survey method Choose the survey method that
could result in this legal descrip-
tion: "SW 1/4 of the NE 1/4 of the
Page 2 Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas.pdf
, Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas 3 2026-03-06
Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas
Study online at https://quizlet.com/_dg5nh2
NW 1/4 of Section 2, Township 8
South, Range 3
15. bench mark A monument used to establish the
elevation of the point, usually rela-
tive to Mean Sea Level. It is perma-
nent.
16. government survey system A method of specifying the lo-
cation of a parcel of land using
prime meridians, base lines, stan-
dard parallels, guide meridians,
townships and sections is known as
the...
17. range A strip or column of land six miles
wide, determined by a government
survey, running in a north-south di-
rection, lying east or west of a prin-
cipal meridian is known as a
18. Metes and Bounds Land in Texas was originally identi-
fied by
19. all of the above Which of the following is an exam-
ple of a monument...?A) A treeB) A
postC) A streamD) All of the above
20. metes & bounds Describes the perimeter of the
subject property in terms of
boundaries directions and distance
21. what objects are used to mark surveys
Page 3 Aceable Agent- Principles of Real Estate Exam 1 FINAL Texas.pdf
