Estate Exam Questions With Complete

Residential Inspection for Real Estate Agents - Champions School of Real Estate Exam Questions With Complete Solutions.Deficiency Answer- A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component.Inspection Answer- Process of examining accessible items, and reporting their condition RESPA Answer- Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs.Departure Provision Answer- The inspector may not inspect an item if the inspector and client agree that it is not to be inspected Standards of Practice (SOP) Answer- Directed at re-sales or substantially completed homes. However, the inspection of houses under construction is a growing segment of the inspection business. Most inspectors offer a three-phase package to clients who want their new home inspected.TREC Answer- Texas is one of the few states that licenses home inspectors.Inspectors are licensed by the same agency as real estate license holders. In Texas, real estate inspectors must follow the Standards of Practice as established by Accessible Answer- any area that can be reached without the use of tools and will not disassemble items other than covers or panels intended to be removed for inspection. Capable of being approcahced, entered, or viewed without specialized equipment, or hazard Standard Inspection Report Form Answer- Code organization Answer- A non-profit organization whose primary mission is to develop and advocate 1 / 4

scientifically-based codes and standards relating to one or more of the systems found in an improvement to real estate.Trade association Answer- A cooperative, voluntarily joined association of business or professional competitors that is designed to assist its members and its industry or profession in dealing with mutual business or professional problems and in promoting their common interest.The Texas Real Estate Inspector Committee Answer- The Committee consists of

nine members appointed by the Commission as follows:

(1) six members who have been engaged in the practice of real estate inspecting as professional inspectors for at least five years before the member's appointment and who are actively engaged in that practice; and (2) three members who represent the public, who are not registered, certified, or licensed by an occupational or regulatory agency in the real estate industry.Inpsection Answer- A(n) ________ is defined as the process of looking at and examining accessible items, parts, systems, or their components and the reporting of any observed deficiencies.National, State Answer- The examination for a real estate inspector license and for a professional inspector license consists of a ________ part and a ________ part.Departure Answer- The ________ Provision recognizes that there are items that a client may not want to have inspected.Re-Sales, Substantially Answer- The TREC Standards of Practice are directed at ________ or ________ completed houses.Advertisements Answer- ________ are all communications created or caused to be created by a licensed inspector for the purpose of inducing or attempting to induce a member of the public to use the services of the inspector.Inactive Answer- ________ inspectors may not perform inspections.Application Answer- A person who intends to be licensed by the Commission must file an ________ for the

license:

• Answer- Complete the sentence: A real estate inspection is: 2 / 4

• An exhaustive survey and evaluation of the systems and components of a

structure using specialized equipment and sophisticated testing devices

• A survey addressing cosmetic issues and performance of the systems and

components of a structure

• A limited visual survey and evaluation of the basic operation of the systems and

components of a structure using normal controls. It does not require the use of specialized tools or procedures.

• A warranty
• Answer- Home inspectors in Texas are required to be licensed ________.
• through a different agency than real estate license holders
• through the same agency as real estate license holders
• TREC
• both b and c
• Answer- Which of the following statements is TRUE?
• A licensed professional inspector is responsible for the conduct of a sponsored

apprentice inspector.

• Licensed professional inspectors are forbidden by law to sponsor apprentice

inspectors.

• Licensed professional inspectors must provide direct supervision of sponsored

apprentice inspectors.

• All of these statements are true.

Deficient Answer- Reported as having one or more deficiencies Cosmetic Answer- Related only to appearance or aesthetics Component Answer- A ________ is defined by the Standards of Practice as a part of a system.Limited visual Answer- A real estate inspection is a ________ ________ survey and basic performance evaluation of the systems and components of a building using normal controls that provides information regarding the general condition of a residence at the time of inspection.Depart Answer- An inspector may ________ from the inspection of a component or system required by the standards of practice under specific circumstance.Performance Answer- ________ is defined as the achievement of an operation, function or configuration relative to accepted industry standard practices with consideration of age and normal wear 3 / 4

and tear from ordinary use.Comprehensive Deficiencies Answer- A real estate inspection is not intended to be a ________ investigation or exploratory probe to determine the cause or effect of ________ noted by the inspector.Disciplinary Answer- Failure to comply with the standards of practice is grounds for ________ action.Aesthetics Answer- Cosmetic is defined as being related only to appearance or

________.

Concealed Answer- The inspector is not required to inspect anything buried, hidden, latent, or ________.Operate Answer- The inspector shall ________ fixed or installed equipment and appliances listed herein in at least one mode with ordinary controls at typical settings.

d. Answer- The TREC Standards of Practice define:

• The construction and materials standards which reflect the highest quality

available to builders

• The maximum requirements for a real estate inspection conducted on a one to

four family unit that is substantially completed

• The minimum requirements for the inspection of a commercial structure
• The minimum requirements for a real estate inspection conducted on a one to four

family unit that is substantially completed

• Answer- According to the General Provisions of the Standards of Practice, which

of the following is an inspector NOT required to inspect?

• Sub-surface drainage systems
• Buried systems or components
• Driveways
• An inspector is not required to inspect any of these

c. Answer- A deficiency is defined as:

• Wear and tear from everyday use
• Flaws in an item's cosmetic appearance
• Condition issues that adversely or materially affect the performance of an item
• The age of an item

Property Inspection Report Answer- (REI 7-5), developed by the Texas Real Estate Commission, is a mandatory report form to be used by inspectors in the State of Texas when inspecting one-to-four family residential properties.Electrical Systems Answer- Service panels, branch circuits, fixtures

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