4/9/25, 9:41 AM Aceable Agent Texas Real Estate Principles I 2025 REAL EXAM QUESTIONS |MOST TESTED QUESTIONS AND CORRECT …
Aceable Agent Texas Real Estate Principles I
2025 REAL EXAM QUESTIONS |MOST TESTED
QUESTIONS AND CORRECT ANSWERS |100%
ACCURATE|GET IT RIGHT!!
Save
Practice questions for this set
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Terms in this set (45)
A broker's price opinion is the process used by a
Broker's Price Opinion
hired sales agent to determine the potential selling
(BPO)
price or estimated value of a real estate property
The completion of a real estate transaction in which
Closing the buyer receives ownership and the seller
receives the contract amount
A report comparing the prices of sold homes that
Comparative Market are similar to the subject property (called
Analysis (CMA) comparables), created by a license holder to help
the seller or buyer determine the market value
https://quizlet.com/1029165833/aceable-agent-texas-real-estate-principles-i-2025-real-exam-questions-most-tested-questions-and-correct-answer… 1/5
, 4/9/25, 9:41 AM Aceable Agent Texas Real Estate Principles I 2025 REAL EXAM QUESTIONS |MOST TESTED QUESTIONS AND CORRECT …
a market condition in which the number of
Seller's Market properties for sale does not meet the demand
(number of people looking to buy)
relatively low demand for real estate in the area (it
Buyer's Market
will take 6 months or more to sell a house)
Agent A person who acts on behalf of someone else
A document filled out by the seller concerning any
Seller's Disclosure Notice
defects in the improvements on the property
A license holder from one office who represents the
Subagent seller through cooperation with the listing broker of
another company
Any fact that is significant or essential to the
Material Fact
transaction
the individual who authorizes another person to act
Principle
on their behalf
occur when the same real estate office is
Intermediary
representing both the seller and the buyer as clients
Relationships
in the same transaction
the individual with whom the agent and principal
Third Party enter into real estate negotiations. The third party is
also sometimes referred to as the customer
Agency Relationship Agency relationships should be disclosed at first
Disclosure contact
Helps commercial banks and savings associations
Community Reinvestment meet the needs of borrowers in all segments of their
Act communities, including low- and moderate-income
neighborhoods
The illegal act of a lender denying mortgages in
Redlining
certain areas of town
Federal act that requires lenders to disclose specific
Home Mortgage
lending information, which HUD then uses to map
Disclosure
lending patterns
https://quizlet.com/1029165833/aceable-agent-texas-real-estate-principles-i-2025-real-exam-questions-most-tested-questions-and-correct-answer… 2/5
Aceable Agent Texas Real Estate Principles I
2025 REAL EXAM QUESTIONS |MOST TESTED
QUESTIONS AND CORRECT ANSWERS |100%
ACCURATE|GET IT RIGHT!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (45)
A broker's price opinion is the process used by a
Broker's Price Opinion
hired sales agent to determine the potential selling
(BPO)
price or estimated value of a real estate property
The completion of a real estate transaction in which
Closing the buyer receives ownership and the seller
receives the contract amount
A report comparing the prices of sold homes that
Comparative Market are similar to the subject property (called
Analysis (CMA) comparables), created by a license holder to help
the seller or buyer determine the market value
https://quizlet.com/1029165833/aceable-agent-texas-real-estate-principles-i-2025-real-exam-questions-most-tested-questions-and-correct-answer… 1/5
, 4/9/25, 9:41 AM Aceable Agent Texas Real Estate Principles I 2025 REAL EXAM QUESTIONS |MOST TESTED QUESTIONS AND CORRECT …
a market condition in which the number of
Seller's Market properties for sale does not meet the demand
(number of people looking to buy)
relatively low demand for real estate in the area (it
Buyer's Market
will take 6 months or more to sell a house)
Agent A person who acts on behalf of someone else
A document filled out by the seller concerning any
Seller's Disclosure Notice
defects in the improvements on the property
A license holder from one office who represents the
Subagent seller through cooperation with the listing broker of
another company
Any fact that is significant or essential to the
Material Fact
transaction
the individual who authorizes another person to act
Principle
on their behalf
occur when the same real estate office is
Intermediary
representing both the seller and the buyer as clients
Relationships
in the same transaction
the individual with whom the agent and principal
Third Party enter into real estate negotiations. The third party is
also sometimes referred to as the customer
Agency Relationship Agency relationships should be disclosed at first
Disclosure contact
Helps commercial banks and savings associations
Community Reinvestment meet the needs of borrowers in all segments of their
Act communities, including low- and moderate-income
neighborhoods
The illegal act of a lender denying mortgages in
Redlining
certain areas of town
Federal act that requires lenders to disclose specific
Home Mortgage
lending information, which HUD then uses to map
Disclosure
lending patterns
https://quizlet.com/1029165833/aceable-agent-texas-real-estate-principles-i-2025-real-exam-questions-most-tested-questions-and-correct-answer… 2/5
