, (1) Real Estate Exam: Principles of Real
Estate 1 EXAM QUESTIONS AND
ANSWERS 100% CORRECT!
The purpose of the TRELA is to... - ANSWER protect the public against unscrupulous
brokers and salespersons.
What is required to obtain a license in Texas? - ANSWER be a resident of Texas at
least 18 yrs of age at the time of application, be of good moral character, must show
competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a
property without the written permission of the owner, sells real estate by lottery this can
happen.... - ANSWER A license can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? -
ANSWER Four years
Who promulgates real estate contract forms in Texas? - ANSWER The Broker Lawyer
Committee
Which economic characteristic of land describes location preference from an economic
point of view? - ANSWER situs
What is often considered the most important test of a fixture? - ANSWER Intentions of
the parties
Which of the following is an example of an encroachment? - ANSWER The neighbor's
fence is on your land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation,
Escheat (gvt. Takes title of land where owner has no heirs or will) - ANSWER The
government's rights in land
A property description that is considered an informal reference is - ANSWER a street
address.
Estate 1 EXAM QUESTIONS AND
ANSWERS 100% CORRECT!
The purpose of the TRELA is to... - ANSWER protect the public against unscrupulous
brokers and salespersons.
What is required to obtain a license in Texas? - ANSWER be a resident of Texas at
least 18 yrs of age at the time of application, be of good moral character, must show
competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a
property without the written permission of the owner, sells real estate by lottery this can
happen.... - ANSWER A license can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? -
ANSWER Four years
Who promulgates real estate contract forms in Texas? - ANSWER The Broker Lawyer
Committee
Which economic characteristic of land describes location preference from an economic
point of view? - ANSWER situs
What is often considered the most important test of a fixture? - ANSWER Intentions of
the parties
Which of the following is an example of an encroachment? - ANSWER The neighbor's
fence is on your land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation,
Escheat (gvt. Takes title of land where owner has no heirs or will) - ANSWER The
government's rights in land
A property description that is considered an informal reference is - ANSWER a street
address.
