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Texas Real Estate Principles 1 Exam With Correct Questions And Answers 2025, Exams of Agricultural economics

Rasmussen College - IllinoisAgricultural economics

Texas Real Estate Principles 1 Exam With Correct Questions And Answers 2025Texas Real Estate Principles 1 Exam With Correct Questions And Answers 2025Texas Real Estate Principles 1 Exam With Correct Questions And Answers 2025Texas Real Estate Principles 1 Exam With Correct Questions And Answers 2025

Typology: Exams

2024/2025

Available from 07/08/2025

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Texas Real Estate Principles 1 Exam With
Correct Questions And Answers 2025
Trec Commision Membership - correct answer9 Members (6 brokers, 3 public)
appointed by governor. They serve 6 year staggered term.
Texas Real Estate Borker Lawyer Committee - correct answer13 Members (6 brokers, 6
lawyers, 1 public)
General Eligibility Requirements to be Licensed by TREC - correct answer18 years old
a US citizen or lawfully admitted alien
resident of the state
A certificate is required seperate of the license when - correct answerbuying, selling or
leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline
services.
Payments into Trust Account - correct answerensures the availibility of a sufficient
amount to pay on anticipated claims on the trust account
A commission may suspend or revoke a license for - correct answeracting 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 - correct answerit 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 - correct answerA copy of the
"Information about brokerage services" form
The three Canons for professional ethics and conduct for Real Estate Licensees -
correct answerFidelity, Integrity, Competency
Under what circumstances can a person be called a "Realtor?" - correct answerThat
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 - correct answerFEDERAL
LAW that where the only protected class was Race. No one can discriminate because
of RACE.
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Texas Real Estate Principles 1 Exam With

Correct Questions And Answers 2025

Trec Commision Membership - correct answer9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term. Texas Real Estate Borker Lawyer Committee - correct answer13 Members (6 brokers, 6 lawyers, 1 public) General Eligibility Requirements to be Licensed by TREC - correct answer18 years old a US citizen or lawfully admitted alien resident of the state A certificate is required seperate of the license when - correct answerbuying, selling or leasing an easement pertaining to telecommunicaton, utility, railroad or pipeline services. Payments into Trust Account - correct answerensures the availibility of a sufficient amount to pay on anticipated claims on the trust account A commission may suspend or revoke a license for - correct answeracting 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 - correct answerit 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 - correct answerA copy of the "Information about brokerage services" form The three Canons for professional ethics and conduct for Real Estate Licensees - correct answerFidelity, Integrity, Competency Under what circumstances can a person be called a "Realtor?" - correct answerThat 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 - correct answerFEDERAL LAW that where the only protected class was Race. No one can discriminate because of RACE.

Civil Rights Act of 1968 - correct answerAmended the Civil Rights Act of 1866 to include race, color, national origin, religion, Civil Rights Act of 1974 - correct answerAmended to include Sex (Male or Female) Civil Rights Act of 1988 - correct answerAmended to include Handicap and Familial status Define Handicapped - correct answerhaving 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 - correct answerIlligal 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 - correct answeragent must refuse to take the listing ADA Americans with Disabilities Act - correct answerenacted in 1992 deals with commercial property only Personal Property - correct answerThings not attached to the land Chattel - correct answeralso known as Personal Property How is Personal Property sold - correct answerBill of Sale Classification of plants (Annual or fructus industrials or emblements) - correct answerPersonal Property Appurtenances - correct answerright or privilidge to land that goes with the land when ownership changes such as parking lot spaces, easements, right or ways Fixture - correct answerwas personal property but then became real estate because it has been attached to the land Tests of a fixture - correct answermethod of attachment (annexation) Fitness or adaptation to property Intention of the parties Trade fixture - correct answerattached to the property under a commercial lease Riparian Rights - correct answerrights to anothers land who borders a stream or river Littoral Rights - correct answerrights to anothers land who borders a lake

Escheat - correct answerWhen one dies without a will or heirs the government takes it as it no longer has an owner basically going back to the state. Fee Simple - correct answerhighest and greatest type of ownership interest (Title) that can be held in real property. Bundle of Rights or Bundle of Sticks - correct answerthe many rights the Fee Simple gives to owners of property-bundles or sticks can be removed but the owner still owns the Fee Simple Encumbrance - correct answerWhen under Fee Simple one of the sticks or bundles has been removed. Ie. mineral rights, lien, encroachment, easement etc freehold estate - correct answerAn estate in land, fee simple, the most common ownership Dower rights - correct answerright a wife has to her husbands estate upon his death curtsey rights - correct answerright a husband has to his wifes estate upon her death fee simple defeasable - correct answera gift of land by a person or GRANTOR Life Estate - correct answeran estate in land for the duration of someones life (always a gift of land/ real estate) Homestead - correct answerTexas is a Homestead State. The property that you own and live in. It is a constitutional right that cannot be waived. Urban homestead - correct answerhomestead limited to 10 acres rural homestead - correct answerlimited to 200 acres for a married couple 100 for a single person easement - correct answerright of one person to use the property that belongs to another types of easements - correct answergross necessity perscription appurtenant easement by necessity - correct answereasement given when one property is landlocked and needs to be given access to from someone elses land Easement in gross - correct answeris a utility easement

easement by prescription - correct answereasement granted after dominant estate has used the property in a constant continuous and open manner for a prescribed number of years Easement appurtenant - correct answerused between two lots to allow the owner of one lot to cross the others property deed restrictions/covenents - correct answerput into place by developer and are a private control of property Encroachments - correct answersomething that extends across a property line onto the property of another Liens - correct answerlegal claim on someones property as a security for a debt Types of liens - correct answermortgage, property tax lien, mechanics lien, judgement and can be voluntary or involuntary and are either specific or general License - correct answerpersonal priviledge given to someone to use land-not an estate or right to land Estate of Severalty - correct answersole ownership of property-not part of community property Tenents in common - correct answertwo or more people acquire property but ownersship is not equal Joint tenancy - correct answerownership in property where owners own equal shares and has right of suvivorship-cannot be passed on to others upon their death, cannot be sold or given away either-last surviving owner takes property in severalty right of suvivorship - correct answerin joint tenancy if one partner dies his share goes to the remaining partners conditions upon which a joint tenancy can be made - correct answerthere must be unity in time, title, interest and possession time-acquire ownership at the same time tile-acquire title from same source interest-equal interest in property possession-all owners have right to possess property Tenancy by entirety - correct answerform of ownership used by married couples who do not live in a state with community property-has downer and curtesy rights community property - correct answerTexas is a community property state.

all documents concerning real estate - correct answermust be recorded at county clerks office in the county where the property is located Lis penden index - correct answerlist any lawssuits on property and gives any attachements to theproperty Marketable title - correct answertitle that is free from doubt as to who owns theproperty good and indefeasable title - correct answera title that cannot be defeated by a superior claim chain of title - correct answereveryone who has ever owned that property abstract title - correct answercondensed history of all docs that have been recorded affecting the title of the property title insurance - correct answerpolicy that will insure against losses from title defects and against errors in title examination title commitment - correct answerstates what the title covers and does not cover quiet title suit - correct answercourt holds hearings on ownership of propertyand any invalid claims or disputes will be removed by the court mortgagees title police - correct answerlenders policy and loan policy Texas Board of Insurance - correct answerset insurance premiums based on the sale price of property and is paid at closing of property Alienation - correct answertransfer of ownership of property type of alientation - correct answervoluntary and involuntary Adverse Possession - correct answerwhen one person takes possession of anothers land and holds that possession for a long enough period of time tobe able to make it theirs and take ownership of it Tracking - correct answerclaimant can track the time they had possessed the property onto the time the prior claimant possessed the property dedicaton - correct answergifted private property to the public (land to city that is to be used as a park) testate - correct answerperson who dies leaving a will

intestate - correct answerperson who dies without a will devise - correct answerreal estate left in a will probate court - correct answerdetermines if the will meets the requirement of the law administrator - correct answerperson who administers the wishes of a will assigned by the court in the event the executor is not will to perform holographic will - correct answerhandwritten will codicil - correct answera written addition to a will the replaces or revokes what was written in that persons previous will All contracts - correct answerexpressed-writing or oral OR implied-understanding bilateral contract - correct answerpromised for a promise (real estate contract) unilateral contract - correct answera promise in exchange for an act (option paragraph in a sales contract) executor contract - correct answercontract in the process of being performed contracts are - correct answervalid, void (made for illegal purposes) voidable (binding against one party but not the other) unenforceable (oral listing agreement) Five elements that make a contract valid - correct answercompetent parties, legal objective, offer andacceptance, contract in writing and signed the only contract that does not have to be in writing to be enforceable - correct answera lease for one year or less a person holding a power of attorney - correct answerAttorney in Fact Novation - correct answersubstitution of a contract with another contract ie. counteroffer breached - correct answerwhen one party fails to perform the duties of the contract-they can be asked by judge to partially perform or substatially perform earnest money - correct answermoney offered to seller to entice seller to go under contract