PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE QUESTIONS WITH COMPLETE ANSWERS

Most windstorm insurance in Texas is unwritten by________.
A.) TWIA
B.) TDHCA
C.) TREC
D.) HUD


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A.) TWIA




The Statues of Frauds is applicable to:
A.) contracts for the sale of real estate
B.) Listing agreement
C.) Buyer representation agreements
D.) All of the above


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, D.) All of the above




Advertisements that specify a gender preference are acceptable:
A.) Never
B.) Always
C.) When renting a single family residence
D.) When renting a shared living space


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D.) When renting a shared living space




Which of the following is not an acceptable legal description used in a deed?
A.) Lot and Block
B.) Metes and Bounds
C.) Street address
D.) Rectangular survey system


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C.) Street address




Which of the following is not one of the categories of estates?
A.) Freehold
B.) Executory
C.) Statutory
D.) Leasehold


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, B.) Executory




Jill and Adkins are married and live in Texas. They saved for a number of years and
purchased a home. In this case, the form of ownership is most likely to be:
A.) Separate property
B.) joint property
C.) Community property
D.) Tenants in common


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C.) community property




A _____ relationship exists when one person acts on behalf of another person from
whom he has derived authority.
A.) Agency
B.) Principal
C.) Client
D.) Broker


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A.) Agency




The right of redemption for homestead property sold at a tax auction in Texas is
____Years
A.) One
B.) Two