TEXAS REAL ESTATE EXAM QUESTIONS AND ANSWERS 100%
CORRECT BASED PEARSON VUE SAMPLE TEST
In order for a tenant to claim relief for constructive eviction:
Answers :the landlord must have intentionally withheld required repairs or
maintenance
A buyer purchases a furnished condominium apartment as an investment. The
document that evidences the buyer's ownership of the furniture is a:
Answers :bill of sale
A broker who enters into a property management contract is considered a:
Answers :fiduciary
A buyer's interest in real property, acquired at the moment the seller and the buyer
enter into a sales contract, is known as:
Answers :equitable interest
The appropriate time for a selling broker to explain the agency relationship to a
prospective buyer is:
Answers :at their initial meeting
A broker is asked to lease 1,200 square feet of warehouse space at $6 per square
foot per year. If the broker's commission will be 8 percent of the first year's rental
income, the MAXIMUM amount payable is:
Answers :$576
A geographic region in which similar properties compete with the subject property
for potential buyers is called a:
, Answers :market area
In the absence of a formal appraisal report, which of the following choices is the
MOST appropriate for setting a listing price in a new, rapidly selling
neighborhood?
Answers :The price that willing buyers have recently paid for similar structures
Which of the following factors would be included in the description of replacement
cost?
Answers :Similar utility and current material
Under an exclusive right-to-sell listing, a broker has the authority to take which of
the following actions on behalf of a seller?
Answers :Advertise the property for sale.
Under a lease for a commercial property, a tenant agrees to pay $4,000 per month
plus 3% of the gross monthly sales. This type of lease is called a:
Answers :percentage
The agency that is charged with enforcing the Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA) in the case of an owner
who allows the dumping of wastes on a property is the:
Answers :Environmental Protection Agency
A percentage lease would MOST often be used for tenants in:
Answers :a shopping center
CORRECT BASED PEARSON VUE SAMPLE TEST
In order for a tenant to claim relief for constructive eviction:
Answers :the landlord must have intentionally withheld required repairs or
maintenance
A buyer purchases a furnished condominium apartment as an investment. The
document that evidences the buyer's ownership of the furniture is a:
Answers :bill of sale
A broker who enters into a property management contract is considered a:
Answers :fiduciary
A buyer's interest in real property, acquired at the moment the seller and the buyer
enter into a sales contract, is known as:
Answers :equitable interest
The appropriate time for a selling broker to explain the agency relationship to a
prospective buyer is:
Answers :at their initial meeting
A broker is asked to lease 1,200 square feet of warehouse space at $6 per square
foot per year. If the broker's commission will be 8 percent of the first year's rental
income, the MAXIMUM amount payable is:
Answers :$576
A geographic region in which similar properties compete with the subject property
for potential buyers is called a:
, Answers :market area
In the absence of a formal appraisal report, which of the following choices is the
MOST appropriate for setting a listing price in a new, rapidly selling
neighborhood?
Answers :The price that willing buyers have recently paid for similar structures
Which of the following factors would be included in the description of replacement
cost?
Answers :Similar utility and current material
Under an exclusive right-to-sell listing, a broker has the authority to take which of
the following actions on behalf of a seller?
Answers :Advertise the property for sale.
Under a lease for a commercial property, a tenant agrees to pay $4,000 per month
plus 3% of the gross monthly sales. This type of lease is called a:
Answers :percentage
The agency that is charged with enforcing the Comprehensive Environmental
Response, Compensation, and Liability Act (CERCLA) in the case of an owner
who allows the dumping of wastes on a property is the:
Answers :Environmental Protection Agency
A percentage lease would MOST often be used for tenants in:
Answers :a shopping center
