PRINCIPLES OF REAL ESTATE 1 (30-
HOURS) FINAL EXAM TEXAS EXAM
QUESTIONS & ACCURATE ANSWERS
emblements are best described by which of the following? - Correct Answer ✔✔
Harveststable plants
what states that a party, or parties, associated with a contract will cover certain losses
or expenses incurred by another party under the contract? - Correct Answer ✔✔ An
indemnification clause
which of these is NOT one of the five duties owed by a fiduciary? - Correct Answer ✔✔
infidelity
which of these is NOT associated with metes and bounds measurements? - Correct
Answer ✔✔ monuments
FTC&__ is a comprehensive consumer act and includes all violations of the Sherman
and clayton Acts. - Correct Answer ✔✔ 15
multiple real estate brokerages establishing an across-the-board 6% commission for
their agent would be guilty of which of these? - Correct Answer ✔✔ price fixing
which kind of easement not only allows access to another person's property but also
allows the removal of material resources contained in the property? - Correct Answer
✔✔ A profit
under legal guidelines established by court precedent in contact law, law which of these
statement is false? - Correct Answer ✔✔ printed agreement override signed and dated
handwritten changes to the printed agreement.
what is the name of the governing body for real estate in texas? - Correct Answer ✔✔
Texas real Estate Commission(TREC)
Which of the following fulfills section 1101.806 of TRELA requirements fir
compensation? - Correct Answer ✔✔ the agreement to pay was in writing and sighed
by the party to be charged.
the commission may require a license suspension or revocation is "probated" to do
which of these? - Correct Answer ✔✔ limit practice to an area prescribed by the
commission.
, "modifications" in real estate terms are also referred to as which of these? - Correct
Answer ✔✔ improvements
prior to introduction of the condominium concept, property ownership had been limited
to ownership had been limited to ownership if which of the following? - Correct Answer
✔✔ land
The party possessing an encumbrance on another party's property has a/an
__________ that property. - Correct Answer ✔✔ all of these are correct
The largest and most complete bundle of rights of ownership is which of these? -
Correct Answer ✔✔ Fee simple absolute.
which amendment guarantees that a citizen will not be deprived of property without due
process of law? - Correct Answer ✔✔ 5th Amendment
The practice wherein consumers of protected classes are directed to certain
neighborhoods when shopping for housing is called: - Correct Answer ✔✔ Redlining
Which of the following is an element that will be found in nearly every kind of listing
agreement? - Correct Answer ✔✔ The broker's commission and broker fee.
Which of these IS NOT one of the five cannons of ethics? - Correct Answer ✔✔
cooperation
a subpoena may be issued throughout the estate and may be served by: - Correct
Answer ✔✔ any person designated by the commsion.
What type of property category includes churches, other places of worship, schools and
colleges, cemeteries and certain government-held properties? - Correct Answer ✔✔
special-purpose.
What is the difference between a class C corporation and a class S corporation? -
Correct Answer ✔✔ class C corporations do not have pass-though taxation.
A contract must have a legal purpose in order to be: - Correct Answer ✔✔ enforceable
a tenancy by the entirety between legally married spouses differs from joint tenancy
because of which of these: - Correct Answer ✔✔ A spouse cannot dispose of their
interest without consent of the other spouse.
applicants who are rejected for credit must be notified in writing of the basic reasons for
denial of their application, and the reason for their credit rating when? - Correct Answer
✔✔ within 30 days
HOURS) FINAL EXAM TEXAS EXAM
QUESTIONS & ACCURATE ANSWERS
emblements are best described by which of the following? - Correct Answer ✔✔
Harveststable plants
what states that a party, or parties, associated with a contract will cover certain losses
or expenses incurred by another party under the contract? - Correct Answer ✔✔ An
indemnification clause
which of these is NOT one of the five duties owed by a fiduciary? - Correct Answer ✔✔
infidelity
which of these is NOT associated with metes and bounds measurements? - Correct
Answer ✔✔ monuments
FTC&__ is a comprehensive consumer act and includes all violations of the Sherman
and clayton Acts. - Correct Answer ✔✔ 15
multiple real estate brokerages establishing an across-the-board 6% commission for
their agent would be guilty of which of these? - Correct Answer ✔✔ price fixing
which kind of easement not only allows access to another person's property but also
allows the removal of material resources contained in the property? - Correct Answer
✔✔ A profit
under legal guidelines established by court precedent in contact law, law which of these
statement is false? - Correct Answer ✔✔ printed agreement override signed and dated
handwritten changes to the printed agreement.
what is the name of the governing body for real estate in texas? - Correct Answer ✔✔
Texas real Estate Commission(TREC)
Which of the following fulfills section 1101.806 of TRELA requirements fir
compensation? - Correct Answer ✔✔ the agreement to pay was in writing and sighed
by the party to be charged.
the commission may require a license suspension or revocation is "probated" to do
which of these? - Correct Answer ✔✔ limit practice to an area prescribed by the
commission.
, "modifications" in real estate terms are also referred to as which of these? - Correct
Answer ✔✔ improvements
prior to introduction of the condominium concept, property ownership had been limited
to ownership had been limited to ownership if which of the following? - Correct Answer
✔✔ land
The party possessing an encumbrance on another party's property has a/an
__________ that property. - Correct Answer ✔✔ all of these are correct
The largest and most complete bundle of rights of ownership is which of these? -
Correct Answer ✔✔ Fee simple absolute.
which amendment guarantees that a citizen will not be deprived of property without due
process of law? - Correct Answer ✔✔ 5th Amendment
The practice wherein consumers of protected classes are directed to certain
neighborhoods when shopping for housing is called: - Correct Answer ✔✔ Redlining
Which of the following is an element that will be found in nearly every kind of listing
agreement? - Correct Answer ✔✔ The broker's commission and broker fee.
Which of these IS NOT one of the five cannons of ethics? - Correct Answer ✔✔
cooperation
a subpoena may be issued throughout the estate and may be served by: - Correct
Answer ✔✔ any person designated by the commsion.
What type of property category includes churches, other places of worship, schools and
colleges, cemeteries and certain government-held properties? - Correct Answer ✔✔
special-purpose.
What is the difference between a class C corporation and a class S corporation? -
Correct Answer ✔✔ class C corporations do not have pass-though taxation.
A contract must have a legal purpose in order to be: - Correct Answer ✔✔ enforceable
a tenancy by the entirety between legally married spouses differs from joint tenancy
because of which of these: - Correct Answer ✔✔ A spouse cannot dispose of their
interest without consent of the other spouse.
applicants who are rejected for credit must be notified in writing of the basic reasons for
denial of their application, and the reason for their credit rating when? - Correct Answer
✔✔ within 30 days
