(1) REAL ESTATE EXAM- PRINCIPLES
OF REAL ESTATE 1 QUESTIONS &
VERIFIED COMPLETE SOLUTIONS
PASSED 100%
The purpose of the TRELA is to... - Correct Answer ✔✔ protect the public against
unscrupulous brokers and salespersons.
What is required to obtain a license in Texas? - Correct Answer ✔✔ be a resident of
Texas at least 18 yrs of age at the time of application, be of good moral character, must
show competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a
property without the written permission of the owner, sells real estate by lottery this can
happen.... - Correct Answer ✔✔ A license can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? -
Correct Answer ✔✔ Four years
Who promulgates real estate contract forms in Texas? - Correct Answer ✔✔ The Broker
Lawyer Committee
Which economic characteristic of land describes location preference from an economic
point of view? - Correct Answer ✔✔ situs
What is often considered the most important test of a fixture? - Correct Answer ✔✔
Intentions of the parties
Which of the following is an example of an encroachment? - Correct Answer ✔✔ The
neighbor's fence is on your land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation,
Escheat (gvt. Takes title of land where owner has no heirs or will) - Correct Answer ✔✔
The government's rights in land
A property description that is considered an informal reference is - Correct Answer ✔✔
a street address.
The highest priority lien against real property is - Correct Answer ✔✔ property tax
, The type of ownership in which the person has the most rights is called - Correct
Answer ✔✔ fee simple
Texas is a community property state. What is true about community property? - Correct
Answer ✔✔ Property inherited by one spouse can remain separate property of that
spouse.
When property has only one owner it is called - Correct Answer ✔✔ severalty
Property held by two or more owners with rights of survivorship is - Correct Answer ✔✔
joint tenancy
A lease with a specific starting and ending date is called - Correct Answer ✔✔ an estate
for years or tenancy for years.
When the landlord pays all of the expenses of the property and then tenant pays only
the rent, this is called - Correct Answer ✔✔ a gross lease
An easement can be terminated by - Correct Answer ✔✔ merger
Deeds require the signature of - Correct Answer ✔✔ the grantor
The deed that gives the buyer the greatest protection is called - Correct Answer ✔✔ the
general warranty deed
Title to real property transfers when - Correct Answer ✔✔ the deed is delivered
When a grantor transfers a title but retains some rights it is called - Correct Answer ✔✔
reservation
A complete history of the title of a piece of property is called an - Correct Answer ✔✔
abstract
A handwritten will is called a - Correct Answer ✔✔ holographic will
Inheritance of real property without a will is called - Correct Answer ✔✔ laws of descent
Seller financing where the seller retains title until the final payment is called - Correct
Answer ✔✔ contract for deed
The duties of the principal include - Correct Answer ✔✔ performance
When an agent has unlimited authority to act on behalf of the client it is called - Correct
Answer ✔✔ universal authority
The duties of the agent include - Correct Answer ✔✔ loyalty
OF REAL ESTATE 1 QUESTIONS &
VERIFIED COMPLETE SOLUTIONS
PASSED 100%
The purpose of the TRELA is to... - Correct Answer ✔✔ protect the public against
unscrupulous brokers and salespersons.
What is required to obtain a license in Texas? - Correct Answer ✔✔ be a resident of
Texas at least 18 yrs of age at the time of application, be of good moral character, must
show competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a
property without the written permission of the owner, sells real estate by lottery this can
happen.... - Correct Answer ✔✔ A license can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? -
Correct Answer ✔✔ Four years
Who promulgates real estate contract forms in Texas? - Correct Answer ✔✔ The Broker
Lawyer Committee
Which economic characteristic of land describes location preference from an economic
point of view? - Correct Answer ✔✔ situs
What is often considered the most important test of a fixture? - Correct Answer ✔✔
Intentions of the parties
Which of the following is an example of an encroachment? - Correct Answer ✔✔ The
neighbor's fence is on your land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation,
Escheat (gvt. Takes title of land where owner has no heirs or will) - Correct Answer ✔✔
The government's rights in land
A property description that is considered an informal reference is - Correct Answer ✔✔
a street address.
The highest priority lien against real property is - Correct Answer ✔✔ property tax
, The type of ownership in which the person has the most rights is called - Correct
Answer ✔✔ fee simple
Texas is a community property state. What is true about community property? - Correct
Answer ✔✔ Property inherited by one spouse can remain separate property of that
spouse.
When property has only one owner it is called - Correct Answer ✔✔ severalty
Property held by two or more owners with rights of survivorship is - Correct Answer ✔✔
joint tenancy
A lease with a specific starting and ending date is called - Correct Answer ✔✔ an estate
for years or tenancy for years.
When the landlord pays all of the expenses of the property and then tenant pays only
the rent, this is called - Correct Answer ✔✔ a gross lease
An easement can be terminated by - Correct Answer ✔✔ merger
Deeds require the signature of - Correct Answer ✔✔ the grantor
The deed that gives the buyer the greatest protection is called - Correct Answer ✔✔ the
general warranty deed
Title to real property transfers when - Correct Answer ✔✔ the deed is delivered
When a grantor transfers a title but retains some rights it is called - Correct Answer ✔✔
reservation
A complete history of the title of a piece of property is called an - Correct Answer ✔✔
abstract
A handwritten will is called a - Correct Answer ✔✔ holographic will
Inheritance of real property without a will is called - Correct Answer ✔✔ laws of descent
Seller financing where the seller retains title until the final payment is called - Correct
Answer ✔✔ contract for deed
The duties of the principal include - Correct Answer ✔✔ performance
When an agent has unlimited authority to act on behalf of the client it is called - Correct
Answer ✔✔ universal authority
The duties of the agent include - Correct Answer ✔✔ loyalty
