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TEXAS PRINCIPLES 1 EXAM
PRACTICE QUESTIONS W ITH
100%CORRECT ANSWERS -
CHAMPIONS SCHOOL OF REAL
ESTATE
Question : Courses for the renewal of an active real estate
broker or sales agent license are called
Correct answer: continuing education (CE)
Question : What is the maximum amount that the
Commission will pay from the real estate recovery trust account for claims against any one license holder, until the account has been repaid in full by the license holder?
Correct answer: $100,000
Question : Which is owned by the tenant?
A) a trade fixture B) land
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C) an improvement D) a fixture
Correct answer: a trade fixture
Question : Which of the following terms refers not only to
the surface of the earth but also below to the center of the earth, above to infinity, and natural things permanently attached but does NOT refer to artificial things permanently attached?A) Real estate B) Personal property C) Land D) Real property
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Correct answer: land
Question : If the court learns that the seller placed a sign
that said "Not Included" on the stove every time a buyer looked at the property, the court will consider which of the following in determining whether the stove is a fixture, absent a written agreement?A) Method of annexation of the item B) Adaptation of the item to the real estate C) Intention of the parties D) Relationship of the parties
Correct answer: Intention of the parties
Question : What type of estate is complete ownership and
exists for an unlimited time?A)
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A conventional life estate B) A fee simple C) A defeasible fee D) A homestead estate
Correct answer: fee simple
Question : If a condition of ownership is violated, title to
the subject property automatically reverts to the original owner in A) a life estate.B) a fee simple absolute estate.C) a determinable fee estate.D)