TEXAS REAL ESTATE NATIONAL EXAM
TEST PREP EXAM (ACTUAL EXAM) WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
An apartment building owner has renovated and modified several units to be
handicapped accessible. Can he advertise this accommodation?
a. No - it violates fair housing
b. No - it violates ADA
c. Yes
d. Only if all the units are accessible - ANSWERS-C
When did the second amendment of the Federal Fair Housing Act go into
effect?
a. January 1, 1988
,b. January 1, 1989
c. March 12, 1988
d. March 12, 1989 - ANSWERS-D
What is the purpose of a property management trust account?
a. to hold collected rents
b. to hold reserve funds for maintenance and repairs
c. to hold tenant security deposits
d. to hold funds escrowed for taxes and insurance - ANSWERS-C
Regulation Z applies to:
a. all real estate loans
b. a $26,000 loan
c. all luxury car loans
d. real estate loans on residential property only - ANSWERS-A
The main purpose of Regulation Z is:
a. to equalize credit
b. to notify borrowers of the true cost of credit
c. to punish bad mortgage brokers
d. to create zoning rules - ANSWERS-B
,What is a requirement of the CFPB?
a. Lenders must provide borrowers with the LE form at the
time of or within three business days of application
b. Lender's must provide borrowers with a good faith
estimate of closing costs
c. Lender's must provide borrowers with a CD form at the
time of loan application or within three days of
application
d. The updated CD must be made available to the borrower
at least one business day before closing. - ANSWERS-A
Which of the following closings would be covered by RESPA?
a. a mobile home
b. a retail shopping center
c. an apartment complex
d. a condominium - ANSWERS-D
When does the buyer under contract for deed get title to the property?
a. when the contracts are signed and delivered
b. when the final loan payment is made
c. when the buyer takes occupancy of the property
d. when the seller dies - ANSWERS-B
, What is another name for Contract for Deed?
a. installment contract
b. real estate sales contract
c. deed of trust
d. non-conforming loan - ANSWERS-A
Under what right can the government change property use from commercial
to residential only?
a. Police Power
b. Eminent Domain
c. Taxation
d. Escheat - ANSWERS-A
Ownership of the common areas of condominiums is most likely to be:
a. joint tenancy
b. tenancy by the entirety
c. tenancy in common
d. sole ownership - ANSWERS-C
What should a buyer do to ensure that he is getting the best title to real
property?
TEST PREP EXAM (ACTUAL EXAM) WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 – 2026
An apartment building owner has renovated and modified several units to be
handicapped accessible. Can he advertise this accommodation?
a. No - it violates fair housing
b. No - it violates ADA
c. Yes
d. Only if all the units are accessible - ANSWERS-C
When did the second amendment of the Federal Fair Housing Act go into
effect?
a. January 1, 1988
,b. January 1, 1989
c. March 12, 1988
d. March 12, 1989 - ANSWERS-D
What is the purpose of a property management trust account?
a. to hold collected rents
b. to hold reserve funds for maintenance and repairs
c. to hold tenant security deposits
d. to hold funds escrowed for taxes and insurance - ANSWERS-C
Regulation Z applies to:
a. all real estate loans
b. a $26,000 loan
c. all luxury car loans
d. real estate loans on residential property only - ANSWERS-A
The main purpose of Regulation Z is:
a. to equalize credit
b. to notify borrowers of the true cost of credit
c. to punish bad mortgage brokers
d. to create zoning rules - ANSWERS-B
,What is a requirement of the CFPB?
a. Lenders must provide borrowers with the LE form at the
time of or within three business days of application
b. Lender's must provide borrowers with a good faith
estimate of closing costs
c. Lender's must provide borrowers with a CD form at the
time of loan application or within three days of
application
d. The updated CD must be made available to the borrower
at least one business day before closing. - ANSWERS-A
Which of the following closings would be covered by RESPA?
a. a mobile home
b. a retail shopping center
c. an apartment complex
d. a condominium - ANSWERS-D
When does the buyer under contract for deed get title to the property?
a. when the contracts are signed and delivered
b. when the final loan payment is made
c. when the buyer takes occupancy of the property
d. when the seller dies - ANSWERS-B
, What is another name for Contract for Deed?
a. installment contract
b. real estate sales contract
c. deed of trust
d. non-conforming loan - ANSWERS-A
Under what right can the government change property use from commercial
to residential only?
a. Police Power
b. Eminent Domain
c. Taxation
d. Escheat - ANSWERS-A
Ownership of the common areas of condominiums is most likely to be:
a. joint tenancy
b. tenancy by the entirety
c. tenancy in common
d. sole ownership - ANSWERS-C
What should a buyer do to ensure that he is getting the best title to real
property?
