Name: Score:
230 Multiple choice questions
Term TEXAS Real Estate Exam 1 of 230
Set up your test
Which of these is a contract that has been fully performed (both sides have completed their
obligations)?
void contract
Questions (max 237) 237
executed contract
Answer with Both
voidable contract
executory contract
True/False
Term 2 of 230
Multiple
What are ad valoremchoice
taxes based upon?
the value of the property
Matching
the age of the property
Written
the condition of the property
the area of the property
Start test
Term 3 of 230
Which kind of agent has the broadest authority?
general agent
third party agent
special agent
universal agent
,Term 4 of 230
An agent is showing a Jewish family a home. "I knew you'd enjoy this neighborhood," the agent
says. "Look! It's a block from the synagogue! And I know for a fact that your neighbors would love
to have you over for Rosh Hashanah." What is TRUE?
TEXAS Real Estate Exam
The agent is steering. His good intentions don't matter-this is still a discriminatory action.
Set up your test
Religion is not a protected category under fair housing law, so the agent has done nothing
wrong.
Questions (max 237)
Because the agent's intentions are good, he cannot be discriminating.
There isAnswer with
no discrimination in this example. The agent is looking out for his client's best
interest.
Term True/False 5 of 230
Which lease requires tenants to pay rent and at least some portion of operating expenses?
Multiple choice
net lease
percentage lease
Matching
ground lease
Written
gross lease
Term 6 of 230
If a listing agent does not have their client fill out the TREC Seller's Disclosure Notice:
They are in violation of TREC rules for not using promulgated forms.
They need to have the seller fill out a separate but equivalent property disclosure form.
They have no other acceptable way for their client to fulfill their property disclosure duty.
They are within their rights as Texas is a "caveat emptor" state.
,Term 7 of 230
Wheelchair ramps to the state capitol building and grab-bars in public restrooms are in
compliance with which federal law?
Executive Order 11063
TEXAS Real Estate Exam
Set up your test
the Fair Housing Act
the Civil Rights Act of 1968
Questions (max 237)
the ADA
Term Answer with 8 of 230
Under a scenario where appointments are not made:
Both parties are represented by the license holder.
True/False
One of the parties is represented by the license holder.
Multiple choice
The principals' consent is not required to go forth with the transaction.
Matching
No opinions or advice can be given to either party to the transaction.
Written
Term 9 of 230
The relationship between a broker and a sponsored sales agent is one of ____.
restrictive agency
brokerage agency
special agency
general agency
, Term 10 of 230
Which of these is an example of redlining?
a real estate agent exclusively showing her Asian clients homes in a predominantly Asian
neighborhood
TEXAS Real Estate Exam
Set up your test
a borrower lying on a mortgage application in an attempt to get better loan terms
a broker convincing a Black family to sell their house in their rapidly gentrifying
neighborhood
Questions (max 237)
a bank refusing to issue mortgages in a part of town with a majority Latino population
Answer with
Term 11 of 230
If an agent engages in negligent misrepresentation, which fiduciary duty have they failed to
provide? True/False
reasonable care
Multiple choice
loyalty
Matching
obedience
Written
confidentiality
Term 12 of 230
Which of these buildings would most likely be appraised using the cost approach?
public library
owner-occupied house
condominium
time-share property
230 Multiple choice questions
Term TEXAS Real Estate Exam 1 of 230
Set up your test
Which of these is a contract that has been fully performed (both sides have completed their
obligations)?
void contract
Questions (max 237) 237
executed contract
Answer with Both
voidable contract
executory contract
True/False
Term 2 of 230
Multiple
What are ad valoremchoice
taxes based upon?
the value of the property
Matching
the age of the property
Written
the condition of the property
the area of the property
Start test
Term 3 of 230
Which kind of agent has the broadest authority?
general agent
third party agent
special agent
universal agent
,Term 4 of 230
An agent is showing a Jewish family a home. "I knew you'd enjoy this neighborhood," the agent
says. "Look! It's a block from the synagogue! And I know for a fact that your neighbors would love
to have you over for Rosh Hashanah." What is TRUE?
TEXAS Real Estate Exam
The agent is steering. His good intentions don't matter-this is still a discriminatory action.
Set up your test
Religion is not a protected category under fair housing law, so the agent has done nothing
wrong.
Questions (max 237)
Because the agent's intentions are good, he cannot be discriminating.
There isAnswer with
no discrimination in this example. The agent is looking out for his client's best
interest.
Term True/False 5 of 230
Which lease requires tenants to pay rent and at least some portion of operating expenses?
Multiple choice
net lease
percentage lease
Matching
ground lease
Written
gross lease
Term 6 of 230
If a listing agent does not have their client fill out the TREC Seller's Disclosure Notice:
They are in violation of TREC rules for not using promulgated forms.
They need to have the seller fill out a separate but equivalent property disclosure form.
They have no other acceptable way for their client to fulfill their property disclosure duty.
They are within their rights as Texas is a "caveat emptor" state.
,Term 7 of 230
Wheelchair ramps to the state capitol building and grab-bars in public restrooms are in
compliance with which federal law?
Executive Order 11063
TEXAS Real Estate Exam
Set up your test
the Fair Housing Act
the Civil Rights Act of 1968
Questions (max 237)
the ADA
Term Answer with 8 of 230
Under a scenario where appointments are not made:
Both parties are represented by the license holder.
True/False
One of the parties is represented by the license holder.
Multiple choice
The principals' consent is not required to go forth with the transaction.
Matching
No opinions or advice can be given to either party to the transaction.
Written
Term 9 of 230
The relationship between a broker and a sponsored sales agent is one of ____.
restrictive agency
brokerage agency
special agency
general agency
, Term 10 of 230
Which of these is an example of redlining?
a real estate agent exclusively showing her Asian clients homes in a predominantly Asian
neighborhood
TEXAS Real Estate Exam
Set up your test
a borrower lying on a mortgage application in an attempt to get better loan terms
a broker convincing a Black family to sell their house in their rapidly gentrifying
neighborhood
Questions (max 237)
a bank refusing to issue mortgages in a part of town with a majority Latino population
Answer with
Term 11 of 230
If an agent engages in negligent misrepresentation, which fiduciary duty have they failed to
provide? True/False
reasonable care
Multiple choice
loyalty
Matching
obedience
Written
confidentiality
Term 12 of 230
Which of these buildings would most likely be appraised using the cost approach?
public library
owner-occupied house
condominium
time-share property
