TEXAS PRINCIPLES 2 EXAM PRACTICE QUESTIONS AND
ANSWERS- CHAMPIONS SCHOOL OF REAL ESTATE.
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate
1. a: Townhomes and single-family homes differ in that a common wall.
(a) townhomes share
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not
own the land because of (d) townhomes are retro-commissioned and share
2. a: Rights that are associated with the ownership of real property are often referred to as the
owner's:
(a) Bundle of rights
(b) Constitutional rights (c) Statutory rights
(d) Civil rights
3. a: The agreement between a broker and a client is most often a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
4. a: A professional association whose local affiliates own and operate MLS systems throughout
the United States is the:
(a) NAR (b) CCIM (c) BOMA (d) ICSC
5. a: The concept behind the government survey system is the of a grid on top of the
land.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
6. a: You can use the acronym to remember the five essential elements of a valid
and enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed, and
Consideration) (b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and Reasonable
care/diligence)
7. a: Releases can terminate .
(a) easements
(b) prescriptions (c) implied grants (d) necessities
8. a: Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on Oak
Street. The following week, Julie was found to be mentally incompetent and was admitted to
the state mental hospital in Rusk. Given Julie's unfortunate status, what is the effect on the
, listing with Seller Sam?
ANSWERS- CHAMPIONS SCHOOL OF REAL ESTATE.
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate
1. a: Townhomes and single-family homes differ in that a common wall.
(a) townhomes share
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not
own the land because of (d) townhomes are retro-commissioned and share
2. a: Rights that are associated with the ownership of real property are often referred to as the
owner's:
(a) Bundle of rights
(b) Constitutional rights (c) Statutory rights
(d) Civil rights
3. a: The agreement between a broker and a client is most often a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
4. a: A professional association whose local affiliates own and operate MLS systems throughout
the United States is the:
(a) NAR (b) CCIM (c) BOMA (d) ICSC
5. a: The concept behind the government survey system is the of a grid on top of the
land.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
6. a: You can use the acronym to remember the five essential elements of a valid
and enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed, and
Consideration) (b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and Reasonable
care/diligence)
7. a: Releases can terminate .
(a) easements
(b) prescriptions (c) implied grants (d) necessities
8. a: Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on Oak
Street. The following week, Julie was found to be mentally incompetent and was admitted to
the state mental hospital in Rusk. Given Julie's unfortunate status, what is the effect on the
, listing with Seller Sam?
