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Principles of Real Estate 1- Texas The CE Shop questions and answers.
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Principles of Real Estate 1- Texas The CE Shop questions and answers. Principles of Real Estate 1- Texas The CE Shop questions and answers. Principles of Real Estate 1- Texas The CE Shop questions and answers. Principles of Real Estate 1- Texas The CE Shop questions and answers.

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  • August 24, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • principles of real estate 1 texas the ce shop que

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Principles of Real Estate 1- Texas The CE Shop questions
and answers




Which ;one ;of ;the ;following ;terms ;refers ;to ;the ;dimensions, ;physical ;features, ;and ;contours ;of ;the ;l
and? ;- ;correct ;Answers ;✔✔ ;-Topography

Justin ;decided ;to ;build ;a ;privacy ;fence ;around ;his ;yard. ;He ;thought ;the ;fence ;was ;along ;the ;proper
ty ;line, ;but ;it ;turns ;out ;he ;built ;it ;one ;foot ;inside ;his ;neighbor's ;property. ;What ;will ;an ;inspector ;d
ocument ;as ;existing ;on ;the ;neighboring ;property? ;- ;correct ;Answers ;✔✔ ;-Encroachment

The ;term ;"real ;estate" ;refers ;to ;which ;of ;the ;following ;under ;TRELA's ;general ;provisions? ;- ;correct ;
Answers ;✔✔ ;-Any ;interest ;in ;real ;property, ;including ;a ;leasehold, ;located ;in ;or ;outside ;of ;Texas

Jack ;works ;for ;a ;great ;company ;creating ;online ;training ;for ;individuals ;who ;want ;to ;obtain ;their ;rea
l ;estate ;license ;or ;need ;to ;keep ;their ;license ;current. ;What ;is ;Jack's ;profession? ;- ;correct ;Answers ;
✔✔ ;-Real ;estate ;educator

Lance ;purchased ;a ;home, ;but ;he ;won't ;own ;any ;real ;estate—
just ;shares ;in ;a ;corporation. ;This ;is ;because ;his ;new ;home ;is ;______. ;- ;correct ;Answers ;✔✔ ;-
A ;cooperative

How ;large ;is ;a ;section ;used ;in ;the ;rectangular ;government ;survey ;system? ;- ;correct ;Answers ;✔✔ ;-
640 ;acres

Unhappy ;with ;some ;of ;the ;fees ;a ;local ;mortgage ;company ;charges ;her ;clients, ;Renee ;decides ;to ;no
t ;do ;business ;with ;that ;company ;and ;convinces ;buyer ;agents ;showing ;her ;listings ;to ;not ;do ;busines
s ;with ;this ;company, ;either. ;What ;is ;this ;an ;example ;of? ;- ;correct ;Answers ;✔✔ ;-Group ;boycotting

Eric ;is ;a ;new ;licensee ;who ;wants ;to ;specialize ;in ;manufacturing ;and ;large ;office ;buildings. ;He ;is ;pro
bably ;interested ;in ;which ;type ;of ;specialization? ;- ;correct ;Answers ;✔✔ ;-Mixed ;use

Can ;sales ;agents ;defer ;their ;continuing ;education ;
(CE) ;requirements ;if ;they ;don't ;complete ;their ;continuing ;education ;prior ;to ;renewal? ;- ;correct ;Ans
wers ;✔✔ ;-Yes, ;sales ;agents ;may ;defer ;completion ;of ;CE ;for ;60 ;days.

Sue ;Ellen ;has ;a ;contract ;to ;buy ;Roger's ;house, ;which ;she ;has ;always ;admired, ;when ;Roger ;decides ;
he's ;ready ;to ;move ;to ;a ;senior ;living ;community. ;After ;Roger ;finds ;a ;suitable ;senior ;apartment ;and ;

, moves, ;Sue ;Ellen ;writes ;a ;check ;for ;the ;agreed-
upon ;amount, ;and ;Roger ;transfers ;the ;deed ;to ;her. ;What ;is ;happening ;in ;this ;scenario? ;- ;correct ;A
nswers ;✔✔ ;-Preformance

James ;is ;a ;real ;estate ;licensee ;in ;Texas. ;A ;complaint ;has ;been ;filed ;through ;the ;TWCCRD ;against ;Ja
mes ;for ;a ;fair ;housing ;violation. ;Which ;of ;the ;following ;is ;true? ;- ;correct ;Answers ;✔✔ ;-James ;could
;be ;sanctioned ;by ;both ;the ;TWCCRD ;and ;the ;Real ;Estate ;Commission.


Barbara, ;a ;Texas ;sponsoring ;broker ;for ;Longhorn ;Realty, ;paid ;Gwendolyn, ;a ;buyer, ;a ;portion ;of ;the ;
commission ;Longhorn ;received ;from ;the ;sales ;transaction. ;This ;is ;known ;as ;______. ;- ;correct ;Answe
rs ;✔✔ ;-A ;rebate

The ;Johnsons ;have ;owned ;a ;small ;restaurant ;for ;more ;than ;20 ;years. ;It's ;open ;for ;lunch ;and ;dinner
;six ;days ;a ;week, ;and ;80% ;of ;its ;weekday ;revenue ;comes ;from ;the ;happy ;hour ;drink ;and ;appetizer ;
specials. ;The ;town ;in ;which ;their ;restaurant ;is ;located ;recently ;constructed ;a ;new ;middle ;school ;an
d ;stripped ;the ;liquor ;license ;from ;the ;Johnsons' ;restaurant, ;because ;it ;no ;longer ;complies ;with ;the ;
ordinance ;to ;be ;500 ;feet ;from ;a ;school ;property. ;The ;Johnsons ;have ;accused ;the ;town ;of ;_____. ;- ;
correct ;Answers ;✔✔ ;-Inverse ;condemnation

Rickie ;is ;a ;real ;estate ;licensee. ;She ;makes ;regular ;calls ;to ;customers ;and ;past ;clients ;to ;market ;her ;
services. ;If ;someone ;she ;calls ;asks ;to ;be ;put ;on ;her ;internal ;"do ;not ;call" ;list, ;what ;is ;Rickie ;require
d ;to ;do? ;- ;correct ;Answers ;✔✔ ;-
Immediately ;place ;the ;customer's ;number ;on ;her ;internal ;do ;not ;call ;list, ;and ;avoid ;making ;unsolici
ted ;calls ;from ;that ;point ;forward

What's ;the ;name ;of ;the ;act ;that ;requires ;public ;accommodation ;areas ;to ;be ;accessible? ;- ;correct ;A
nswers ;✔✔ ;-Americans ;with ;Disabilities ;Act

What ;must ;a ;licensee ;do ;regarding ;property ;the ;licensee ;holds ;directly ;or ;indirectly ;if ;it ;becomes ;th
e ;subject ;of ;a ;real ;estate ;transaction? ;- ;correct ;Answers ;✔✔ ;-
Disclose ;the ;interest ;to ;all ;parties ;to ;the ;transaction.

Charlene ;shares ;one ;wall ;with ;her ;neighbors ;to ;the ;side, ;but ;her ;home ;has ;three ;levels ;and ;she ;ha
s ;no ;upstairs ;or ;downstairs ;neighbors ;nor ;a ;neighbor ;on ;the ;other ;side. ;What ;type ;of ;dwelling ;does
;Charlene ;own? ;- ;correct ;Answers ;✔✔ ;-Townhome


Who ;is ;entitled ;to ;reimbursement ;from ;the ;Real ;Estate ;Recovery ;Trust ;Account? ;- ;correct ;Answers ;
✔✔ ;-Aggrieved ;persons ;affected ;by ;a ;license ;or ;certificate ;holder's ;wrongdoing

Absent ;a ;legal ;description, ;what ;are ;other ;ways ;to ;identify ;a ;property? ;- ;correct ;Answers ;✔✔ ;-
Street ;addresses ;and ;tax ;map ;personal ;identification ;numbers

Real ;estate ;licensees ;in ;Texas ;need ;to ;pay ;attention ;to ;updates ;from ;what ;agency, ;which ;is ;respons
ible ;for ;enforcing ;Texas ;Fair ;Housing ;Law? ;- ;correct ;Answers ;✔✔ ;-The ;Texas ;Workforce ;Commission
;Civil ;Rights ;Division

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