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ACEABLE AGENT TEXAS REAL ESTATE
PRINCIPLES 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. An Attorney - correct answer -may also create a buyer
representation form on behalf of the property owner
2. One to Four Family Residential Contract - correct answer -the
standard contract form and is used for the sale of single-family
residential properties
3. lease with option to buy - correct answer -a contract in which
the buyer can lease a property for a period of time (usually a
year) and then have an option to buy the property at the end of
the lease period
4. right of first refusal - correct answer -an agreement with an
owner in which they would have the opportunity to buy the
property before any other buyers' offers are considered
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5. four corners doctrine - correct answer -a legal concept that
states that the court can only consider what appears within the
four corners of the documents
6. Homestead - correct answer -A property that a person or family
owns and occupies as their primary residence
7. Separate Property - correct answer -Property owned by either
spouse prior to the marriage or by gift or inheritance during the
marriage
8. State Constitutional Homestead Rights - correct answer -
protects homeowners from claims by creditors being made
against their homes, preventing any eviction by these creditors
9. Federal Tax Liens - correct answer -The Homestead Act does
not protect homeowners from this type of lien
10. Urban Environment - correct answer -In this type of
environment, only 10 acres is protected
ACEABLE AGENT TEXAS REAL ESTATE
PRINCIPLES 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. An Attorney - correct answer -may also create a buyer
representation form on behalf of the property owner
2. One to Four Family Residential Contract - correct answer -the
standard contract form and is used for the sale of single-family
residential properties
3. lease with option to buy - correct answer -a contract in which
the buyer can lease a property for a period of time (usually a
year) and then have an option to buy the property at the end of
the lease period
4. right of first refusal - correct answer -an agreement with an
owner in which they would have the opportunity to buy the
property before any other buyers' offers are considered
, Page | 2
5. four corners doctrine - correct answer -a legal concept that
states that the court can only consider what appears within the
four corners of the documents
6. Homestead - correct answer -A property that a person or family
owns and occupies as their primary residence
7. Separate Property - correct answer -Property owned by either
spouse prior to the marriage or by gift or inheritance during the
marriage
8. State Constitutional Homestead Rights - correct answer -
protects homeowners from claims by creditors being made
against their homes, preventing any eviction by these creditors
9. Federal Tax Liens - correct answer -The Homestead Act does
not protect homeowners from this type of lien
10. Urban Environment - correct answer -In this type of
environment, only 10 acres is protected
