TEXAS PRINCIPLES 1 EXAM ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED ASNWERS) |ALREADY GRADED A+
Courses for the renewal of an active real estate broker or sales agent license are called -
(ANSWER)continuing education (CE)
What is the maximum amount that the Commission will pay from the real estate recovery trust account
for claims against any one license holder, until the account has been repaid in full by the license holder?
- (ANSWER)$100,000
Which is owned by the tenant? - (ANSWER)a trade fixture
Which of the following terms refers not only to the surface of the earth but also below to the center of
the earth, above to infinity, and natural things permanently attached but does NOT refer to artificial
things permanently attached? - (ANSWER)land
If the court learns that the seller placed a sign that said "Not Included" on the stove every time a buyer
looked at the property, the court will consider which of the following in determining whether the stove
is a fixture, absent a written agreement? - (ANSWER)Intention of the parties
What type of estate is complete ownership and exists for an unlimited time? - (ANSWER)fee simple
If a condition of ownership is violated, title to the subject property automatically reverts to the original
owner in - (ANSWER)a determinable fee estate
An urban homestead is limited to a lot or lots NOT to exceed how many acres? - (ANSWER)10
The method used to describe real estate by distance, direction, and boundaries is - (ANSWER)metes-
and-bounds method
, TEXAS PRINCIPLES 1 EXAM ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED ASNWERS) |ALREADY GRADED A+
Which equals one square mile or 640 acres? - (ANSWER)section
Under the federal Fair Housing Act, real estate organizations, such as multiple listing services, may NOT
do which because someone is in a protected group? - (ANSWER)refuse membership or put conditions on
participation
Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales agent to be
informed on market conditions and national, state, and local developments affecting the real estate
business? - (ANSWER)competency.
A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S.
Department of Housing and Urban Development or with - (ANSWER)the Texas Workforce Commission
Civil Rights Division
An aggrieved person who believes illegal discrimination has occurred may file a complaint within what
time frame following the alleged discriminatory act? - (ANSWER)ONE YEAR
Appurtenant easement rights transfer with - (ANSWER)the dominant tenement
An owner sells part of his land that has no access to a public road but does have access over his
remaining land. This creates an easement by - (ANSWER)necessity
When there are two or more liens on a property, the order in which the liens will be satisfied when the
property is sold will be determined by - (ANSWER)the priority of the liens
Which of the following may be a natural object, such as a tree or a boulder, or an artificial object, such
as a steel rod or a stake driven into the ground? - (ANSWER)Monument
ANSWERS WITH RATIONALES (VERIFIED ASNWERS) |ALREADY GRADED A+
Courses for the renewal of an active real estate broker or sales agent license are called -
(ANSWER)continuing education (CE)
What is the maximum amount that the Commission will pay from the real estate recovery trust account
for claims against any one license holder, until the account has been repaid in full by the license holder?
- (ANSWER)$100,000
Which is owned by the tenant? - (ANSWER)a trade fixture
Which of the following terms refers not only to the surface of the earth but also below to the center of
the earth, above to infinity, and natural things permanently attached but does NOT refer to artificial
things permanently attached? - (ANSWER)land
If the court learns that the seller placed a sign that said "Not Included" on the stove every time a buyer
looked at the property, the court will consider which of the following in determining whether the stove
is a fixture, absent a written agreement? - (ANSWER)Intention of the parties
What type of estate is complete ownership and exists for an unlimited time? - (ANSWER)fee simple
If a condition of ownership is violated, title to the subject property automatically reverts to the original
owner in - (ANSWER)a determinable fee estate
An urban homestead is limited to a lot or lots NOT to exceed how many acres? - (ANSWER)10
The method used to describe real estate by distance, direction, and boundaries is - (ANSWER)metes-
and-bounds method
, TEXAS PRINCIPLES 1 EXAM ACTUAL EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED ASNWERS) |ALREADY GRADED A+
Which equals one square mile or 640 acres? - (ANSWER)section
Under the federal Fair Housing Act, real estate organizations, such as multiple listing services, may NOT
do which because someone is in a protected group? - (ANSWER)refuse membership or put conditions on
participation
Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales agent to be
informed on market conditions and national, state, and local developments affecting the real estate
business? - (ANSWER)competency.
A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S.
Department of Housing and Urban Development or with - (ANSWER)the Texas Workforce Commission
Civil Rights Division
An aggrieved person who believes illegal discrimination has occurred may file a complaint within what
time frame following the alleged discriminatory act? - (ANSWER)ONE YEAR
Appurtenant easement rights transfer with - (ANSWER)the dominant tenement
An owner sells part of his land that has no access to a public road but does have access over his
remaining land. This creates an easement by - (ANSWER)necessity
When there are two or more liens on a property, the order in which the liens will be satisfied when the
property is sold will be determined by - (ANSWER)the priority of the liens
Which of the following may be a natural object, such as a tree or a boulder, or an artificial object, such
as a steel rod or a stake driven into the ground? - (ANSWER)Monument
