Principles of real Estate 1 (30-hours) FINAL EXAM Questions With Correct Answers.
7 views 0 purchase
Course
Texas Principles of Real Estate
Institution
Texas Principles Of Real Estate
Principles of real Estate 1 (30-hours)
FINAL EXAM Questions With Correct
Answers.
Emblements are best described by which of the following? - answerHarveststable plants
what states that a party, or parties, associated with a contract will cover certain losses or
expenses incurred by another par...
Principles of real Estate 1 (30-hours)
FINAL EXAM Questions With Correct
Answers.
Emblements are best described by which of the following? - answer✔✔Harveststable plants
what states that a party, or parties, associated with a contract will cover certain losses or
expenses incurred by another party under the contract? - answer✔✔An indemnification clause
which of these is NOT one of the five duties owed by a fiduciary? - answer✔✔infidelity
which of these is NOT associated with metes and bounds measurements? -
answer✔✔monuments
FTC&__ is a comprehensive consumer act and includes all violations of the Sherman and
clayton Acts. - answer✔✔15
multiple real estate brokerages establishing an across-the-board 6% commission for their agent
would be guilty of which of these? - answer✔✔price fixing
which kind of easement not only allows access to another person's property but also allows the
removal of material resources contained in the property? - answer✔✔A profit
under legal guidelines established by court precedent in contact law, law which of these
statement is false? - answer✔✔printed agreement override signed and dated handwritten changes
to the printed agreement.
what is the name of the governing body for real estate in texas? - answer✔✔Texas real Estate
Commission(TREC)
Which of the following fulfills section 1101.806 of TRELA requirements fir compensation? -
answer✔✔the agreement to pay was in writing and sighed by the party to be charged.
the commission may require a license suspension or revocation is "probated" to do which of
these? - answer✔✔limit practice to an area prescribed by the commission.
"modifications" in real estate terms are also referred to as which of these? -
answer✔✔improvements
prior to introduction of the condominium concept, property ownership had been limited to
ownership had been limited to ownership if which of the following? - answer✔✔land
The party possessing an encumbrance on another party's property has a/an __________ that
property. - answer✔✔all of these are correct
The largest and most complete bundle of rights of ownership is which of these? - answer✔✔Fee
simple absolute.
which amendment guarantees that a citizen will not be deprived of property without due process
of law? - answer✔✔5th Amendment
The practice wherein consumers of protected classes are directed to certain neighborhoods when
shopping for housing is called: - answer✔✔Redlining
Which of the following is an element that will be found in nearly every kind of listing
agreement? - answer✔✔The broker's commission and broker fee.
Which of these IS NOT one of the five cannons of ethics? - answer✔✔cooperation
a subpoena may be issued throughout the estate and may be served by: - answer✔✔any person
designated by the commsion.
What type of property category includes churches, other places of worship, schools and colleges,
cemeteries and certain government-held properties? - answer✔✔special-purpose.
What is the difference between a class C corporation and a class S corporation? -
answer✔✔class C corporations do not have pass-though taxation.
A contract must have a legal purpose in order to be: - answer✔✔enforceable
a tenancy by the entirety between legally married spouses differs from joint tenancy because of
which of these: - answer✔✔A spouse cannot dispose of their interest without consent of the
other spouse.
applicants who are rejected for credit must be notified in writing of the basic reasons for denial
of their application, and the reason for their credit rating when? - answer✔✔within 30 days
when must a broker report a change of address to the commission? - answer✔✔Not later than the
10th day after the date a broker moves from the address designated on the broker's license
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
