Champions Real Estate Exam Prep (Texas) |
100% Correct Answers | Verified | Latest
2024 Version
In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. -
✔✔1949
TREC has only _______ promulgated lease forms. - ✔✔2
promulgated form 공포된 양식
In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b - ✔✔d. both a and b
The _______ statute provides that the sender's message must contain clear and conspicuous notice that
the message is an advertisement or solicitation.
a. CAN-SPAM
b. Interstate Land Sales Full Disclosure Act
c. Do Not Call
d. Junk Fax Prevention Act - ✔✔CAN-SPAM
A ________ is a possible polluter who may be held liable under CERCLA for the contamination of a
property or resource.
a. Safe Harbor
,b. EBR
c. PRP
d. TMARR - ✔✔PRP (Private Registered Provider)
If you hire a mold remediator he must give you a Certificate of Mold Remediation no later than ___ days
after work is complete. - ✔✔10
In order to comply with the _______, contracts for the conveyance of an interest in real estate or leases
for a term of more than one year must be in writing.
a. SAFE Act
b. Statute of Frauds
c. Statue of Limitations
d. RESPA - ✔✔Statute of Frauds
A unilateral contract is said to lack __________.
a. Mutuality
b. Fairness
c. Agreement
d. Signatures - ✔✔Mutuality
Contracts with a person who lacks mental capacity can be either void or _____________.
a. Implied
b. Unilateral
c. Voidable
d. Express - ✔✔voidable
,All of the land in the U.S. is held under the ________ system.
a. Feudal
b. Freedom
c. Statutory
d. Allodial - ✔✔Allodial
The main reason(s) for homestead laws include(s):
a. Preventing the foreclosure of the homestead under any circumstances
b. Prevention of the forced sale of a home by creditors
c. Protection of a creditor's interests in a debtor's property
d. All of these are correct - ✔✔
In many states, recognized statutory estates include _______.
a. community property
b. riparian right
c. reservation
d. encroachment - ✔✔community property
Only a _______ may earn a commission and only a _______ may sue to collect a commission.
a. broker, agent
b. agent, broker
c. broker, broker
d. none of the above - ✔✔broker, broker
, Regardless of representation, all buyers should be provided with a(n) _______ disclosure of
representation at first contact.
a. oral
b. written
c. email
d. all of these are correct - ✔✔d. all of these are correct
This _______ is an employment contract.
a. listing agreement
b. buyer-representation
c. both a and b
d. none of the above - ✔✔c. both a and b
What does a real estate agent do with multiple offers on a property?
a. He/she can choose the best offer for the client.
b. He/she can hold all offers until one comes in that is over the asking price.
c. He/she may present the highest offers only.
d. He/she must present all offers to the client. - ✔✔d. He/she must present all offers to the client.
An offer can be communicated by ________.
a. letter
b. phone
c. either a or b
d. must be done orally - ✔✔c. either a or b
100% Correct Answers | Verified | Latest
2024 Version
In ______ the Texas Real Estate Commission was established to administer and enforce the TRELA. -
✔✔1949
TREC has only _______ promulgated lease forms. - ✔✔2
promulgated form 공포된 양식
In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b - ✔✔d. both a and b
The _______ statute provides that the sender's message must contain clear and conspicuous notice that
the message is an advertisement or solicitation.
a. CAN-SPAM
b. Interstate Land Sales Full Disclosure Act
c. Do Not Call
d. Junk Fax Prevention Act - ✔✔CAN-SPAM
A ________ is a possible polluter who may be held liable under CERCLA for the contamination of a
property or resource.
a. Safe Harbor
,b. EBR
c. PRP
d. TMARR - ✔✔PRP (Private Registered Provider)
If you hire a mold remediator he must give you a Certificate of Mold Remediation no later than ___ days
after work is complete. - ✔✔10
In order to comply with the _______, contracts for the conveyance of an interest in real estate or leases
for a term of more than one year must be in writing.
a. SAFE Act
b. Statute of Frauds
c. Statue of Limitations
d. RESPA - ✔✔Statute of Frauds
A unilateral contract is said to lack __________.
a. Mutuality
b. Fairness
c. Agreement
d. Signatures - ✔✔Mutuality
Contracts with a person who lacks mental capacity can be either void or _____________.
a. Implied
b. Unilateral
c. Voidable
d. Express - ✔✔voidable
,All of the land in the U.S. is held under the ________ system.
a. Feudal
b. Freedom
c. Statutory
d. Allodial - ✔✔Allodial
The main reason(s) for homestead laws include(s):
a. Preventing the foreclosure of the homestead under any circumstances
b. Prevention of the forced sale of a home by creditors
c. Protection of a creditor's interests in a debtor's property
d. All of these are correct - ✔✔
In many states, recognized statutory estates include _______.
a. community property
b. riparian right
c. reservation
d. encroachment - ✔✔community property
Only a _______ may earn a commission and only a _______ may sue to collect a commission.
a. broker, agent
b. agent, broker
c. broker, broker
d. none of the above - ✔✔broker, broker
, Regardless of representation, all buyers should be provided with a(n) _______ disclosure of
representation at first contact.
a. oral
b. written
c. email
d. all of these are correct - ✔✔d. all of these are correct
This _______ is an employment contract.
a. listing agreement
b. buyer-representation
c. both a and b
d. none of the above - ✔✔c. both a and b
What does a real estate agent do with multiple offers on a property?
a. He/she can choose the best offer for the client.
b. He/she can hold all offers until one comes in that is over the asking price.
c. He/she may present the highest offers only.
d. He/she must present all offers to the client. - ✔✔d. He/she must present all offers to the client.
An offer can be communicated by ________.
a. letter
b. phone
c. either a or b
d. must be done orally - ✔✔c. either a or b
