Texas Real Estate Principles 1 - Unit 1 Exam questions
and answers latest top score
Trec Commision Membership - ANSWER 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - ANSWER 13 Members (6 brokers, 6
lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - ANSWER 18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - ANSWER buying, selling or
leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - ANSWER ensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - ANSWER acting negligently or
incompetently, comingling money and soliciting or selling offers for the sale of real
estate by means of a lottery
An appeal can be made on a decision by the commission - ANSWER it must be
taken to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - ANSWER A copy of the
"Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
ANSWER Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - ANSWER That
agent has to join the "NAR" National Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - ANSWER FEDERAL
LAW that where the only protected class was Race. No one can discriminate
because of RACE.
Civil Rights Act of 1968 - ANSWER Amended the Civil Rights Act of 1866 to include
race, color, national origin, religion,
Civil Rights Act of 1974 - ANSWER Amended to include Sex (Male or Female)
, Civil Rights Act of 1988 - ANSWER Amended to include Handicap and Familial
status
Define Handicapped - ANSWER having a physical or mental disability (including
hearing, mobility, visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Steering - ANSWER Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - ANSWER agent must refuse to take the listing
ADA Americans with Disabilities Act - ANSWER enacted in 1992 deals with
commercial property only
Personal Property - ANSWER Things not attached to the land
Chattel - ANSWER also known as Personal Property
How is Personal Property sold - ANSWER Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - ANSWER
Personal Property
Appurtenances - ANSWER right or privilidge to land that goes with the land when
ownership changes such as parking lot spaces, easements, right or ways
Fixture - ANSWER was personal property but then became real estate because it
has been attached to the land
Tests of a fixture - ANSWER method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
Trade fixture - ANSWER attached to the property under a commercial lease
Riparian Rights - ANSWER rights to anothers land who borders a stream or river
Littoral Rights - ANSWER rights to anothers land who borders a lake
Accretion - ANSWER land is increased in size because of natural deposit of rock
and soil usually caused by water movement
Alluvion - ANSWER the land that has been created by Accretion
Reliction - ANSWER dry land that results when water withdraws from the land
Avulsion - ANSWER suddent removal of land by water
and answers latest top score
Trec Commision Membership - ANSWER 9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - ANSWER 13 Members (6 brokers, 6
lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - ANSWER 18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - ANSWER buying, selling or
leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - ANSWER ensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - ANSWER acting negligently or
incompetently, comingling money and soliciting or selling offers for the sale of real
estate by means of a lottery
An appeal can be made on a decision by the commission - ANSWER it must be
taken to the district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - ANSWER A copy of the
"Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
ANSWER Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - ANSWER That
agent has to join the "NAR" National Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - ANSWER FEDERAL
LAW that where the only protected class was Race. No one can discriminate
because of RACE.
Civil Rights Act of 1968 - ANSWER Amended the Civil Rights Act of 1866 to include
race, color, national origin, religion,
Civil Rights Act of 1974 - ANSWER Amended to include Sex (Male or Female)
, Civil Rights Act of 1988 - ANSWER Amended to include Handicap and Familial
status
Define Handicapped - ANSWER having a physical or mental disability (including
hearing, mobility, visual impairment, chronic mental illness and AIDS) that
substantially limits one or more major life activities.
Steering - ANSWER Illigal practice of directing home seekers to a particular
neighborhood based on fair housing protected classes. An agent cannot steer even if
asked to by their client.
If a seller asks agent to discriminate - ANSWER agent must refuse to take the listing
ADA Americans with Disabilities Act - ANSWER enacted in 1992 deals with
commercial property only
Personal Property - ANSWER Things not attached to the land
Chattel - ANSWER also known as Personal Property
How is Personal Property sold - ANSWER Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - ANSWER
Personal Property
Appurtenances - ANSWER right or privilidge to land that goes with the land when
ownership changes such as parking lot spaces, easements, right or ways
Fixture - ANSWER was personal property but then became real estate because it
has been attached to the land
Tests of a fixture - ANSWER method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
Trade fixture - ANSWER attached to the property under a commercial lease
Riparian Rights - ANSWER rights to anothers land who borders a stream or river
Littoral Rights - ANSWER rights to anothers land who borders a lake
Accretion - ANSWER land is increased in size because of natural deposit of rock
and soil usually caused by water movement
Alluvion - ANSWER the land that has been created by Accretion
Reliction - ANSWER dry land that results when water withdraws from the land
Avulsion - ANSWER suddent removal of land by water
