Principles of Real Estate 1 Exam; Questions & Answers
All of the following violate the Texas Real Estate License Act, EXCEPT:
(Ans- Disclosing all known facts pertaining to a property to a client
The aspect of the real estate business that is concerned with bringing
together the parties and completing the transactions is:
(Ans- brokerage
An attorney from another state must have a Texas real estate license to receive a commission for a real estate transaction in Texas.(Ans- true
all of the following are true about a Texas homestead, except:
(Ans- homestead protection can be waived in writing
ad valorem taxes:
(Ans- Are according to value, Create the highest priority lien on real property, Are always paid first at a foreclosure sale
Which real estate contract is the exception to the Statute of Frauds?(Ans- a lease for one year or less
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Factors that affect homeowners insurance premiums can include which of the following?(Ans- age and condition of the home, location, the policyholder's claims history
Which of the following is required for a lot and block description of a property?(Ans- a recorded plat
integrity is best described as:
(Ans- The duty of a licensee to employ prudence and caution so as to avoid misrepresentation in any way
When a holdover tenant refuses to leave and is not paying rent his interest
in the property is called:
(Ans- tenancy at sufferance
steering is:
(Ans- Directing buyers to or away from a particular neighborhood based on protected categories
crops are:
(Ans- emblements
when a Texas real estate licensee is in inactive status:
(Ans- he is responsible for renewal fees
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