TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH
ANSWERS 100% VERIFIED
1. Townhomes and single-family homes differ in that a common
wall.
2. (a) townhomes share
(b) single-family homes are sold as distinct living units within
(c) owners of townhomes do notown the land because of
(d) townhomes are retro-commissioned and share
3. Rights that are associated with the ownership of real property are often referred to as
theowner's:
(a) Bundle of rights
(b) Constitutional rights
(c) (c) Statutory rights
(d) Civil rights
4. The agreement between a broker and a client is most often a(n)
agencyrelationship.
(a) Special
(b) General
(c) Universal
(d) Sub
5. A professional association whose local affiliates own and operate MLS systems
throughoutthe United States is the:
(a) NAR
(b) CCIM
(c) BOMA
(d) ICSC
6. The concept behind the government survey system is the of a grid on top of
theland.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
7. You can use the acronym to remember the five essential elements of a
validand enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed,
andConsideration)
(b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and
Reasonablecare/diligence)
, 8. Releases can terminate .
(a) easements
(b) prescriptions
(c) implied grants
(d) necessities
9. Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on
Oak Street. The following week, Julie was found to be mentally incompetent and was
admitted tothe state mental hospital in Rusk. Given Julie's unfortunate status, what is
the effect on the listing with Seller Sam?
ANSWERS 100% VERIFIED
1. Townhomes and single-family homes differ in that a common
wall.
2. (a) townhomes share
(b) single-family homes are sold as distinct living units within
(c) owners of townhomes do notown the land because of
(d) townhomes are retro-commissioned and share
3. Rights that are associated with the ownership of real property are often referred to as
theowner's:
(a) Bundle of rights
(b) Constitutional rights
(c) (c) Statutory rights
(d) Civil rights
4. The agreement between a broker and a client is most often a(n)
agencyrelationship.
(a) Special
(b) General
(c) Universal
(d) Sub
5. A professional association whose local affiliates own and operate MLS systems
throughoutthe United States is the:
(a) NAR
(b) CCIM
(c) BOMA
(d) ICSC
6. The concept behind the government survey system is the of a grid on top of
theland.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
7. You can use the acronym to remember the five essential elements of a
validand enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed,
andConsideration)
(b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and
Reasonablecare/diligence)
, 8. Releases can terminate .
(a) easements
(b) prescriptions
(c) implied grants
(d) necessities
9. Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on
Oak Street. The following week, Julie was found to be mentally incompetent and was
admitted tothe state mental hospital in Rusk. Given Julie's unfortunate status, what is
the effect on the listing with Seller Sam?
