Texas Principles of Real Estate 1
(Answered) 60 Questions and Correct
Answers, Latest 2024/2025.
Joint tenancy is ended when which of the following unities is ended
Unity of time
Which of these IS NOT associated with metes and bounds measurements?
Statues
Applicants who are rejected for credit must be notified in writing of the basic reasons of their
application, and the reason for their credit rating when?
within 30 days
Which of these IS NOT one of the five canons of ethics?
Cooperation
Multiple real estate brokerages establishing an across-the-board 6% commission for their agents would
be guilty of:
price fixing
What causes great harm or substantially lessens the value of the contract for the non-breaching party?
Material breach
A counteroffer is:
a rejection of the original offer
A person is not engaged in real estate brokerage, regardless of whether the person is licensed under this
chapter, based solely on engaging in the following activities:
constructing, remodeling, or repairing a home or other building
What is the name of the governing body for real estate in Texas?
texas real estate commission (TREC)
A subdivision plat description is:
a legal description that does not describe each boundary line, but instead refers to a plat, survey, deed,
or other instrument that does show the full particular legal description
The largest and most complete bundle of rights of wonership is which of these?
, Fee simple absolute
Emblements are...
harvestable plants, trees, and uncultivated vegetation
What is the purpose of real estate licensing law?
All of these answers are correct.
to protect the general public during real estate transactions from dishonest or incompetent brokers and
sales agents.
to set out minimum standatds and qulifications for licensing brokers and sales agents.
to protect licenses brokers and sales agents from unfair and improper competition.
The commissioin may require a license holder whose licenst suspension or revocation is "probated" to
do which of these?
Limit practice to an area prescribed by the commission
Which of the following is one of the components of the NFIP?
All of these answers are correct.
subsidization
risk identification
risk mitigation
Which of the following is NOT a type of depreciation?
market value obsolescense
Which of the following fulfills Section 1101.806 of TRELA requirements for compensation?
the agreement to pay was in writing and signed by the party to be charged
When the relationship of a sales agent with the sales agent's sponsoring broker terminates, the
terminating party shall immediately notify:
in writing both the other party and the commission
The Texas definition of consumer good (as clarified through judicial decisions) includes just anout
everything except which of these?
intangibles like stocks
Which of these fair housing exemptions apply(ies) when a real estate licensee is involved in a
transaction?
(Answered) 60 Questions and Correct
Answers, Latest 2024/2025.
Joint tenancy is ended when which of the following unities is ended
Unity of time
Which of these IS NOT associated with metes and bounds measurements?
Statues
Applicants who are rejected for credit must be notified in writing of the basic reasons of their
application, and the reason for their credit rating when?
within 30 days
Which of these IS NOT one of the five canons of ethics?
Cooperation
Multiple real estate brokerages establishing an across-the-board 6% commission for their agents would
be guilty of:
price fixing
What causes great harm or substantially lessens the value of the contract for the non-breaching party?
Material breach
A counteroffer is:
a rejection of the original offer
A person is not engaged in real estate brokerage, regardless of whether the person is licensed under this
chapter, based solely on engaging in the following activities:
constructing, remodeling, or repairing a home or other building
What is the name of the governing body for real estate in Texas?
texas real estate commission (TREC)
A subdivision plat description is:
a legal description that does not describe each boundary line, but instead refers to a plat, survey, deed,
or other instrument that does show the full particular legal description
The largest and most complete bundle of rights of wonership is which of these?
, Fee simple absolute
Emblements are...
harvestable plants, trees, and uncultivated vegetation
What is the purpose of real estate licensing law?
All of these answers are correct.
to protect the general public during real estate transactions from dishonest or incompetent brokers and
sales agents.
to set out minimum standatds and qulifications for licensing brokers and sales agents.
to protect licenses brokers and sales agents from unfair and improper competition.
The commissioin may require a license holder whose licenst suspension or revocation is "probated" to
do which of these?
Limit practice to an area prescribed by the commission
Which of the following is one of the components of the NFIP?
All of these answers are correct.
subsidization
risk identification
risk mitigation
Which of the following is NOT a type of depreciation?
market value obsolescense
Which of the following fulfills Section 1101.806 of TRELA requirements for compensation?
the agreement to pay was in writing and signed by the party to be charged
When the relationship of a sales agent with the sales agent's sponsoring broker terminates, the
terminating party shall immediately notify:
in writing both the other party and the commission
The Texas definition of consumer good (as clarified through judicial decisions) includes just anout
everything except which of these?
intangibles like stocks
Which of these fair housing exemptions apply(ies) when a real estate licensee is involved in a
transaction?
