AYPO Real Estate Principles of Real Estate I Exam Study Guide With Correct Answers.TREC has the authority under TRELA to suspend or even revoke a broker's license
if: - Answer They conduct the unlawful practice of law
ESAC stands for: - Answer Education Standards Advisory Committee
What refers to a location from an economic rather than a geographic standpoint? - Answer Situs.Which amendment guarantees that a citizen will not be deprived of property without due process of law? - Answer 5th Amendment.
The CFPB is the: - Answer Consumer Financial Protection Bureau
A professional organization or association is usually a not-for-profit organization that seeks to: - Answer further a particular profession and the interests of individuals engaged in that profession.A contraction or generally slowing down of the economy is a: - Answer Recession.What is the primary purpose for real estate licensing laws? - Answer 1. To protect the general public during real estate transactions from dishonest or incompetent brokers and sales agents.
- To set out minimum standards and qualifications for licensing brokers and sales
- To protect licensed brokers and sales agents from unfair or improper competition.
- a certified copy of the "Statement of ownership and location" for the home has
- the owner of the home has elected to treat the home as their real property
agents.
Per 1101.2051(b), information or material prepared or compiled by the commission in connection with a complaint, investigation, or audit may be disclosed: - Answer to the respondent of the complaint.What type of property category includes churches, other places of worship, schools and colleges, cemeteries and certain government-held properties? - Answer Special- purpose.Emblements are best described by which of the following? - Answer Harvestable plants, trees, and uncultivated vegetation.A manufactured home can be considered real property if: - Answer 1. both the Texas Department of Housing and Community Affairs and the home's county's chief tax appraiser have been notified of the filing
been filed by the owner in the real property records of the county where the home is located
The number one reason that people move is: - Answer Employment opportunity 1 / 2
AYPO Real Estate Principles of Real Estate I Exam Study Guide With Correct Answers.How much money can a first time homebuyer draw from his or her own IRA without tax penalty for the purchase? - Answer $10,000 According to the Texas Department of Insurance, most homeowners policies in Texas include which of the following coverages? - Answer 1. Loss of use.
- Medical payments.
- Dwelling.
A C.L.U.E. report advises a consumer on: - Answer up to seven years of claims
history on a property Prior to the introduction of the condominium concept, property ownership had been limited to ownership of... - Answer Land.All the meanings of agent and agency refer to someone who does which of the following? (Best answer.) - Answer Acts on behalf of someone else to perform a task or range of tasks.An appointed licensee must do which of the following? - Answer Not disclose that an owner would accept a price lower than the asking price Which of the following fulfills Section 1101.806 of TRELA requirements for compensation? - Answer The agreement to pay was in writing and signed by the party to be charged Multiple real estate brokerages establishing an across-the-board 6% commission for their agents would be guilty of... - Answer price fixing.Which of the following are common law fiduciary duties? - Answer Care, disclosure, loyalty, accounting, & obedience Which of the following is not used as a test to determine whether a statement is mere "puffing"? - Answer The cost of the good or service The term "false, misleading, or deceptive acts or practices" includes, but is not limited to which of the following acts? - Answer 1. Using deceptive representations or designations of geographic origin in connection with goods or services
- Passing off goods or services as those of another
- Disparaging the goods, services, or business of another by false or misleading
representation of facts
Changes to the Fair Housing Act include: - Answer Public and common areas must
be accessible to persons with disabilities
- / 2