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TEXAS REAL ESTATE NATIONAL EXAM TREC
ACTUAL EXAM 2025 - LATEST QUESTION AND
ANSWERS GRADED A (150 QUESTIONS)
A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of: a. encroachments b. improvements c. surface rights d. emblements B A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? a. riparian b. littoral c. appropriative d. appropriation A
A tenant is aware that his lease will expire at the end of the month. He has begun to disassemble his display cabinets and shelves. Which of the following statements about this is true? a. he cannot take them without first obtaining written permission from the landlord b. if the landlord wants them, he can pay the tenant and the tenant must leave them c. the tenant can take these as they are trade fixtures d. he must disclose to the landlord that he plans to take them C A seller is attending the closing on his property. The title company has discovered an unsatisfied M&M lien on the property. Which of the following is the most likely reason for the lien? a. a workman on the property left tools behind b. unpaid personal property taxes c. plumbing work that was completed but never paid for
A man leaves his second wife a life estate in their home after which the property goes to his children from his first marriage. The children: a. are remaindermen b. have fee simple determinable c. have a life estate d. have a dominant interest in the property A Which of the following statements about an easement is true? a. an easement is a benefit to the servient property owner b. an easement is an encroachment c. an easement is a benefit to the dominant property owner d. an easement in gross belongs to or passes with the land C
P, Q and R are joint tenants. P wants to sell the property, but Q and R do not. What can P do? a. file an injunction against the other owners b. seek a writ of execution c. file a suit for partition d. get a release C A, B and C are joint tenants. C dies. B sells his share to D. What type of ownership do A and D have? a. joint tenants b. tenants by the entirety c. tenants in common d. tenants in severalty C Under what right can the government change property use from commercial to residential only?
d. get a general warranty deed D Which covenant in a deed guarantees that the owners will not suffer or be disturbed by any claims on the property? a. the covenant of seizen b. the covenant against encumbrances c. the covenant of quiet enjoyment d. the covenant of warranty forever C Excess money at a foreclosure sale goes to: a. the borrower b. the lender c. the courts d. the trustee A
After defaulting on a real estate loan, a borrower is able to pay off the loan prior to the foreclosure sale. This is called: a. right of first refusal b. right of redemption c. deed in lieu of foreclosure d. an equitable estate B The required distance between buildings and a federally protected endangered species wetlands is an example of: a. space determined by deed restrictions b. Condemnation c. a buffer zone d. space determined by zoning C
A
A landlord leased space in his new retail property to an inexperienced business person. Based on location and the type of business, the landlord believes it will be a great success. What type of lease can he enter into with the tenant that will allow the landlord to benefit from the tenant's success? a. a percentage lease b. a net lease c. a gross lease d. a sale and leaseback A A buyer has purchased a property and after closing the seller will continue to occupy the property. This is an example of: a. subletting b. assignment c. sale and leaseback d. a ground lease
C
Your clients will be able to qualify for financing for a property they wish to purchase in about six months, after they have had an opportunity to reduce their consumer debt. They have found a property that they would like to purchase now. What type of agreement can they enter into with a seller that will allow them to occupy the property now and purchase it within the six months? a. sale and leaseback b. right of first refusal c. lease with an option to buy d. graduated lease C Which of the following will NOT harm or negatively impact a seller's credit score? a) a short sale b) a foreclosure c) a straight assumption d) an assumption subject to c) a straight assumption
b. the tenants have to move if the new owners give them 30 days notice c. the tenants must move immediately d. the tenants can stay until the new owner has them evicted A A developer decides to build a commercial property in the middle of a residential subdivision. What is required? a. approval from surrounding property owners b. a variance c. a non-conforming use designation d. this would violate deed restrictions and cannot be done B A zoning ordinance would affect which of the following? a. a buffer zone b. traffic at certain hours of the day c. the concentration of housing in a residential area
d. the style and appearance of construction C If a person dies without a will, who receives their estate: a. spouse and children b. siblings c. escheat to state d. parents A What are the requirements/criteria for real estate to have value? a. Demand, Utility, Scarcity, Transferability b. Demand, Utility, Supply, Taxability c. Demand, Usury, Scarcity, Taxability d. Deed, Usury, Supply, Transferability A
a. if he is a licensed appraiser b. since he is not charging anything for the appraisal c. as long as the seller doesn't intend to use the appraisal to secure financing d. as long as the property is used for residential purposes only A Which of the following is NOT an example of functional obsolescence? a. an unpopular floorplan b. a property that lacks updating for modern technology c. curb appeal d. deferred maintenance D What is required of a loan servicer before foreclosing on a VA loan? a) the VA must be notified before the foreclosure b) the lender must have proof the the borrower received the foreclosure notice
c)the lender must advertise the foreclosure in the local newspaper d) there are no extra lender requirements for foreclosure of a VA loan a) the VA must be notified before the foreclosure Who must be notified to take money out of the trust account in a real estate transaction? a) the buyer b) the seller c) both buyer and seller d) all parties associated with the transaction c) both buyer and seller How is earnest money recorded on the closing disclosure? a) Debit to the seller b) Debit to the buyer c) Credit to the seller d) Credit to the buyer d) Credit to the buyer
b) $398, c) $395, d) $399, d) $399, An Appraiser uses the cost approach to determine the value of a two- story building 128' x 97' at $120/sq.ft., with $10,000 in depreciation and a $27,500 lot, what is his estimate of value of the property? a) $2,997, b) $3,007, c) $1,507, d) $2,979, a) $2,997, Mark purchased a home for $150,000 He had an 80% LTV. He has paid off $42,000 of his purchase mortgage. He is selling the house for $179,000. How much equity does he have? a. $71, b. $59, c. $101,
d. $78, c) $101, Maria is planning to buy a house for $200,000. The lender has indicated that he will charge 3 points plus an origination point. Maria is considering the difference between an 80% LTV and a 75% LTV. How much will she save on points if she chooses the 75% LTV? a) 5% b) $ c) $ d) $ d) $ 400 An office space is 24 feet long and 27 feet wide with 10-foot ceilings. The owner wants to carpet the office. How many square yards of carpet does he need? a) 72 b) 216 c) 648 d) 1944 a) 72
