Questions And Answers 2023
Was created in 1949 by the Legislature. 9 members carry out the provisions of the
TRELA - Correct Answer-TREC
Passed in 1939 - Correct Answer-TRELA
1-4 family residential contract - Correct Answer-Has promlgated sales contract forms for
most
Deceptive trade practices act is a Texas law that applies to trade and commerce that
was passed in 1973. It allows aggrieved consumers to sue the seller of goods for
damages. The act of the seller must have been deceptive and unfair for the consumer
to receive monetary damages - Correct Answer-CTPA
tangible chattels, real property, sale of a house - Correct Answer-Goods
individual, partnership, or government source who seeks to acquire to purchase the
good or service. - Correct Answer-Consumer
Using adjectives and opinion rather than facts. Exaggeration. - Correct Answer-Puffing
Part of the Texas Business and Commerce Code, Title 2 - Correct Answer-DPTA
work or labor brokerage - Correct Answer-Services
has two promulgated forms - Correct Answer-Trec
A body of law developed in England and based upon common sense and local custom -
Correct Answer-Common Law
The body f laws and regulation enacted by federal and state legislatures. - Correct
Answer-Statutory Laws
All that is encompassed in land with the addition of all man made buildings,
improvements, roads etc. - Correct Answer-Real Estate
Goes beyond physical real estate and includes a persons right to the land (bundle of
rights) - Correct Answer-Real Property
Gives the individual the right to improve the land and to use the lands resources such
as gravel, water, stone, and limestone. - Correct Answer-Surface rights
, Rights to oil, as, and minerals - Correct Answer-Subsurface Rights
Personal property that has been attached to the land. - Correct Answer-Fixture
chattel- can be moved, temporary - Correct Answer-Personal Property
Intention of the parties, method of attachment, adaptaton - Correct Answer-Fixture Test
built in a factory, transported to site - Correct Answer-manufactured home
built in a factory, assembled on site - Correct Answer-modular homes
indestructibility, cannot be destroyed, immobilty, cannot be moved, non-homogeneity,
no two parcel are the same - Correct Answer-physical characteristics of land
scarcity, supply and demand, modification,man made changes, fixity, additions to the
land such as buildings, situs, location - Correct Answer-economic characteristics of land
ownership of real estate by two or more entities in undivided interests - Correct Answer-
tenacy in common
an act of dividing undivided shares of real estate, can be done voluntarily or by the court
- Correct Answer-partition
Prohibits discrimination on the basis of race or color - Correct Answer-CIvil Rights Act of
1866
race, religion, natural origin - Correct Answer-Title VIII of the Civil Rights Act of 1968
Gender added in 1974 - Correct Answer-Civil Rights Act
panic peddling - Correct Answer-Blockbusting
Passed 1974 deals with 1-4 units - Correct Answer-RESPA
Passed in 1980 and designed to clean up hazardous substances. Federal, State, and
Native American tribes are authorized to clean up. - Correct Answer-CERCLA
An agreement between two parties to do something or to refrain from doing something -
Correct Answer-contract
contractual agreement through behavior of the parties. - Correct Answer-implied
contract