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PRINCIPLES OF REAL ESTATE PRACTICE EXAM 1 QUESTIONS & VALID PASSED ANSWERS

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PRINCIPLES OF REAL ESTATE PRACTICE EXAM 1 QUESTIONS & VALID PASSED ANSWERS is an introductory course designed for individuals who want to start a career in real estate—especially those planning to become licensed real estate agents in the state of Texas.

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PRINCIPLES OF REAL ESTATE
PRACTICE EXAM 1 QUESTIONS &
VALID PASSED ANSWERS
Which of the following does not need a license? - Correct Answer ✔✔ a person who
offers to sell her own property

The Texas Real Estate Commission consists of ______. The commission members
serve for _______ terms - Correct Answer ✔✔ 9 members --- 6 year

When a broker discharges a salesperson, he should: - Correct Answer ✔✔ return the
license to the Texas Real Estate Commission

A real estate salesperson may elect to remain inactive for: - Correct Answer ✔✔
indefinitely

TRELA states: An applicant must satisfy the examination requirements not later than
one year after the date the license application is filed. - Correct Answer ✔✔ True

The Texas Real Estate Recovery Fund is funded - Correct Answer ✔✔ by real estate
license fees

The Texas Real Estate Commission may suspend or revoke a license or take other
disciplinary action authorized by Chapter 1101 if the license holder, while acting as a
broker or salesperson: - Correct Answer ✔✔ all of the above

The term "Realtor" applies to any - Correct Answer ✔✔ member of the National
Association of REALTORS®

The owner of a single-family house in which he lives wants to sell. If he does not use
discriminatory language in advertising, has not sold any other house within the past two
years, and does not employ an agent, may he discriminate on the basis of race in
selecting a purchaser? - Correct Answer ✔✔ No, because this would be prohibited by
the Civil Rights Act of 1866.

All of the following are prohibited by the Fair Housing Act of 1968, as amended,
EXCEPT - Correct Answer ✔✔ discrimination on the basis of age

The practice of directing home seekers to particular neighborhoods based on race,
color, religion, sex, or national origin - Correct Answer ✔✔ is known as steering

A licensed real estate agent is offered a listing by an owner who stipulates that she

, will not sell to any person of a certain national origin. The agent should: - Correct
Answer ✔✔ refuse the listing

The Americans with Disabilities Act deals primarily with: - Correct Answer ✔✔
commercial property

Which of the following are not classified as real property? - Correct Answer ✔✔
emblements

Easements, rights-of-way, and condominium parking stalls are examples of - Correct
Answer ✔✔ appurtenances

Which of the following would be considered to be a fixture because of the manner of
its attachment to the property? - Correct Answer ✔✔ water heater

The tests of a fixture include the method of annexation to the real estate, adaptation
to a particular use of the premises, and - Correct Answer ✔✔ the intention of the parties

Which of the following is NOT a physical characteristic of land? - Correct Answer ✔✔
fungibility

The shortage of land in a given area where there is great demand for land is: - Correct
Answer ✔✔ scarcity

Area preference in the location of land is described as - Correct Answer ✔✔ situs

How many square miles are there in a section? - Correct Answer ✔✔ 1

When a waterline permanently recedes, exposing dry land, it is known as - Correct
Answer ✔✔ reliction

What are examples of the government's exercise of its police powers? - Correct Answer
✔✔ restrictive covenants

Where will the property owned by a person who dies without a will and without heirs
escheat to - Correct Answer ✔✔ state

What is not classified as a freehold estate? - Correct Answer ✔✔ a leasehold estate

Mrs. Baker holds a life estate in the home in which she lives. During her lifetime, what
is she not able to do? - Correct Answer ✔✔ commit waste on the property

What is an easement acquired by constant use called? - Correct Answer ✔✔
prescription

George hired a general contractor to build an addition to his house. The general

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