Texas Real Estate Principles 1 Exam Questions With Revised Answers
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Course
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Principles 1 Exam
Questions With Revised Answers
Trec Commision Membership - answer9 Members (6 brokers, 3 public) appointed by
governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - answer13 Members (6 brokers, 6 lawyers, 1
public)
General E...
Texas Real Estate Principles 1 Exam
Questions With Revised Answers
Trec Commision Membership - answer✔✔9 Members (6 brokers, 3 public) appointed by
governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - answer✔✔13 Members (6 brokers, 6 lawyers, 1
public)
General Eligibility Requirements to be Licensed by TREC - answer✔✔18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - answer✔✔buying, selling or leasing an
easement pertaining to telecommunicaton, utility, railroad or pipeline services.
Payments into Trust Account - answer✔✔ensures the availibility of a sufficient amount to pay
on anticipated claims on the trust account
A commission may suspend or revoke a license for - answer✔✔acting negligently or
incompetently, comingling money and soliciting or selling offers for the sale of real estate by
means of a lottery
An appeal can be made on a decision by the commission - answer✔✔it must be taken to the
district court in the county where the administrative hearing was held.
When dealing with a client it is mandatory to give them - answer✔✔A copy of the "Information
about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
answer✔✔Fidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - answer✔✔That agent has to join
the "NAR" National Association of Realtors to be called a "Realtor"
What was the Fair Housing Laws or Civil Rights Act of 1866 - answer✔✔FEDERAL LAW that
where the only protected class was Race. No one can discriminate because of RACE.
Civil Rights Act of 1968 - answer✔✔Amended the Civil Rights Act of 1866 to include race,
color, national origin, religion,
Civil Rights Act of 1974 - answer✔✔Amended to include Sex (Male or Female)
Civil Rights Act of 1988 - answer✔✔Amended to include Handicap and Familial status
Define Handicapped - answer✔✔having a physical or mental disability (including hearing,
mobility, visual impairment, chronic mental illness and AIDS) that substantially limits one or
more major life activities.
Steering - answer✔✔Illigal practice of directing home seekers to a particular neighborhood
based on fair housing protected classes. An agent cannot steer even if asked to by their client.
If a seller asks agent to discriminate - answer✔✔agent must refuse to take the listing
ADA Americans with Disabilities Act - answer✔✔enacted in 1992 deals with commercial
property only
Personal Property - answer✔✔Things not attached to the land
Chattel - answer✔✔also known as Personal Property
How is Personal Property sold - answer✔✔Bill of Sale
Classification of plants (Annual or fructus industrials or emblements) - answer✔✔Personal
Property
Appurtenances - answer✔✔right or privilidge to land that goes with the land when ownership
changes such as parking lot spaces, easements, right or ways
Fixture - answer✔✔was personal property but then became real estate because it has been
attached to the land
Tests of a fixture - answer✔✔method of attachment (annexation)
Fitness or adaptation to property
Intention of the parties
Trade fixture - answer✔✔attached to the property under a commercial lease
Riparian Rights - answer✔✔rights to anothers land who borders a stream or river
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