TEXAS PRINCIPLES 1
t t
EXAM PRACTICE
t t
QUESTIONS WITH
t t
ANSWERS -
t t
CHAMPIONS SCHOOL
t t
OF REAL
t t
ESTATE.VERIFIED
t
, Texas tPrinciples t1 tExam tPractice tQuestions t- tChampions tSchool tof tReal tEstate
1. a: tTownhomes tand tsingle-family thomes tdiffer tin tthat a tcommon twall.
t(a) ttownhomes tshare
(b) tsingle-family thomes tare tsold tas tdistinct tliving tunits twithin t(c) towners tof ttownhomes tdo tnot
town tthe tland tbecause tof t(d) ttownhomes tare tretro-commissioned tand tshare
2. a: tRights tthat tare tassociated twith tthe townership tof treal tproperty tare toften treferred tto tas
tthetowner's:
(a) Bundle tof trights
(b) Constitutional trights t(c) tStatutory trights
(d) tCivil trights
3. a: tThe tagreement tbetween ta tbroker tand ta tclient tis tmost toften ta(n) agency
trelationship.
(a) tSpecial t(b) tGeneral t(c) tUniversal t(d) tSub
4. a: tA tprofessional tassociation twhose tlocal taffiliates town tand toperate tMLS tsystems
tthroughouttthe tUnited tStates tis tthe:
(a) tNAR t(b) tCCIM t(c) tBOMA t(d) tICSC
5. a: tThe tconcept tbehind tthe tgovernment tsurvey tsystem tis tthe of ta tgrid ton ttop tof
tthetland.
(a) overlay
(b) metes tand tbounds t(c) tcoordinates
(d) tleaps tand tbounds
6. a: tYou tcan tuse tthe tacronym to tremember tthe tfive tessential telements tof ta
tvalidtand tenforceable tcontract.
(a) tCOLIC t(contractual tcapacity, toffer tand tacceptance, tlegality tof tobject, tIn twriting t& tsigned, tand
tConsideration) t(b) tCOLLIE
(c) EOVEC
(d) OLDCAR t(obedience, tloyalty, tdisclosure, tconfidentiality, taccountability, tand tReasonable
tcare/diligence)
7. a: tReleases tcan tterminate .
t(a) teasements
(b) tprescriptions t(c) timplied tgrants t(d) tnecessities
8. a: tJulie, ta tsalesperson tat tAcme tRealty, tobtained ta tlisting ton tSeller tSam's tproperty ton
tOak tStreet. tThe tfollowing tweek, tJulie twas tfound tto tbe tmentally tincompetent tand twas
tadmitted ttotthe tstate tmental thospital tin tRusk. tGiven tJulie's tunfortunate tstatus, twhat tis
tthe teffect ton tthe tlisting twith tSeller tSam?
This study source was downloaded by 100000826171513 from CourseHero.com on 01-20-2023 13:00:25 GMT -06:00
https://www.coursehero.com/file/77406538/Texas-Principles-1-Exam-Practice-Questions-Champions-School-of-Real-Estatedocx/
t t
EXAM PRACTICE
t t
QUESTIONS WITH
t t
ANSWERS -
t t
CHAMPIONS SCHOOL
t t
OF REAL
t t
ESTATE.VERIFIED
t
, Texas tPrinciples t1 tExam tPractice tQuestions t- tChampions tSchool tof tReal tEstate
1. a: tTownhomes tand tsingle-family thomes tdiffer tin tthat a tcommon twall.
t(a) ttownhomes tshare
(b) tsingle-family thomes tare tsold tas tdistinct tliving tunits twithin t(c) towners tof ttownhomes tdo tnot
town tthe tland tbecause tof t(d) ttownhomes tare tretro-commissioned tand tshare
2. a: tRights tthat tare tassociated twith tthe townership tof treal tproperty tare toften treferred tto tas
tthetowner's:
(a) Bundle tof trights
(b) Constitutional trights t(c) tStatutory trights
(d) tCivil trights
3. a: tThe tagreement tbetween ta tbroker tand ta tclient tis tmost toften ta(n) agency
trelationship.
(a) tSpecial t(b) tGeneral t(c) tUniversal t(d) tSub
4. a: tA tprofessional tassociation twhose tlocal taffiliates town tand toperate tMLS tsystems
tthroughouttthe tUnited tStates tis tthe:
(a) tNAR t(b) tCCIM t(c) tBOMA t(d) tICSC
5. a: tThe tconcept tbehind tthe tgovernment tsurvey tsystem tis tthe of ta tgrid ton ttop tof
tthetland.
(a) overlay
(b) metes tand tbounds t(c) tcoordinates
(d) tleaps tand tbounds
6. a: tYou tcan tuse tthe tacronym to tremember tthe tfive tessential telements tof ta
tvalidtand tenforceable tcontract.
(a) tCOLIC t(contractual tcapacity, toffer tand tacceptance, tlegality tof tobject, tIn twriting t& tsigned, tand
tConsideration) t(b) tCOLLIE
(c) EOVEC
(d) OLDCAR t(obedience, tloyalty, tdisclosure, tconfidentiality, taccountability, tand tReasonable
tcare/diligence)
7. a: tReleases tcan tterminate .
t(a) teasements
(b) tprescriptions t(c) timplied tgrants t(d) tnecessities
8. a: tJulie, ta tsalesperson tat tAcme tRealty, tobtained ta tlisting ton tSeller tSam's tproperty ton
tOak tStreet. tThe tfollowing tweek, tJulie twas tfound tto tbe tmentally tincompetent tand twas
tadmitted ttotthe tstate tmental thospital tin tRusk. tGiven tJulie's tunfortunate tstatus, twhat tis
tthe teffect ton tthe tlisting twith tSeller tSam?
This study source was downloaded by 100000826171513 from CourseHero.com on 01-20-2023 13:00:25 GMT -06:00
https://www.coursehero.com/file/77406538/Texas-Principles-1-Exam-Practice-Questions-Champions-School-of-Real-Estatedocx/
