COMMERCIAL REAL ESTA TE SAE -

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COMMERCIAL REAL ESTA TE SAE -

CHAMPION'S SCHOOL OF REAL

ESTATE 495 QUESTIONS WITH

VERIFIED ANSWERS,100% CORRECT

Question : All of the following are statutory defenses under

the DTPA, except:

• written information drafted by the real estate agent
• written information relating to the good or service from

another source

• written information relating to a particular good or service

from another source

• written information concerning a test required

Correct answer: a. written information drafted by the real

estate agent

Question : Which of the following facilities would typically

offer tenants a triple net lease?

• office park
• strip center

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• industrial
• all

Correct answer: b. strip center

Question : Which of the following is included in facilities

management?

• building signage
• preventative maintenance
• janitorial services
• all

Correct answer: d. all

Question : Which of the following is not one of the three tests

of the tax equity and fiscal responsibility act for specifying that a sales agent is an independent contractor?

• the sales agent must have a written contract with the broker

stating the agent is not an employee

• the sales agent must attend required meetings
• the sales agent must hold a real estate license

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• the sales agent must be paid on a commission basis

Correct answer: b. the sales agent must attend required

meetings

Question : T or F: 97% of entrepreneurs actually write down their goals

Correct answer: false

Question : T or F: A limited partner is involved in the day-to- day of the business

Correct answer: False

Question : T or F: all small businesses have two areas of

consideration for "top of mind thinking" daily: revenue and

expenses

Correct answer: true

Question : T or F: An informal TREC proceeding requires a public member of TREC and at least 2 TREC staff members with regulatory experience

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Correct answer: True

Question : T or F: as residential properties become scarce, land costs tend to decrease

Correct answer: false

Question : T or F: Austin is the MSA with the largest net gain in out-of-state residents

Correct answer: false

Question : T or F: brokers should pay attention to how their comeptitors advertise and recruit new agents for their firms

Correct answer: true

Question : T or F: documentation regarding a trust account must be maintained for only two years from the date the document was created or received by the broker

Correct answer: false