Texas Real Estate Exam 2 (Latest 2023 - 2024)
New Full Exam Questions and Answers Included
1. In order for a tenant to claim relief for constructive eviction:
Answer: the landlord must have intentionally withheld required
repairs or maintenance
- A buyer purchases a furnished condominium apartment as an
investment. The document that evidences the buyer's ownership of
the furniture is a:
Answer: bill of sale
- A broker who enters into a property management contract is
considered a:
Answer: fiduciary
- A buyer's interest in real property, acquired at the moment the
seller and the buyer enter into a sales contract, is known as:
Answer: equitable interest
- The appropriate time for a selling broker to explain the agency
relationship to a prospective buyer is:
Answer: at their initial meeting
- A broker is asked to lease 1,200 square feet of warehouse space
at $6 per square foot per year. If the broker's commission will be 8 percent of the first year's rental income, the MAXIMUM amount
payable is:
Answer: $576 1 / 2
- A geographic region in which similar properties compete with
the subject property for potential buyers is called a:
Answer: market area
- In the absence of a formal appraisal report, which of the following
choices is the MOST appropriate for setting a listing price in a new, rapidly selling neighborhood?
Answer: The price that willing buyers have recently paid for similar
struc tures
- Which of the following factors would be included in the
description of replacement cost?
Answer: Similar utility and current material
- Under an exclusive right-to-sell listing, a broker has the
authority to take which of the following actions on behalf of a seller?
Answer: Advertise the property for sale.
- Under a lease for a commercial property, a tenant agrees to pay
$4,000 per month plus 3% of the gross monthly sales. This type of
lease is called a:
Answer: percentage
- The agency that is charged with enforcing the Comprehensive
Environ- mental Response, Compensation, and Liability Act (CERCLA) in the case of an owner who allows the dumping of
wastes on a property is the:
Answer: Environ- mental Protection Agency
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