Texas Real Estate Principles 1 (Practice Exam) Latest Version Questions and 100% Correct Answers "I hear they're moving in. There goes the neighborhood! Better put your house on the market before values drop!" This is an example of - Correct Answer: blockbusting
A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the U.S. Department of Housing and Urban Development or with - Correct Answer: the Texas Workforce Commission Civil Rights Division
A consumer has sent a complaint to the Texas Real Estate Commission (TREC) against a real estate agent, claiming a violation of the Canon of Integrity. The agent is accused of - Correct Answer: misrepresenting the condition of the property by omitting pertinent facts
A license holder must use the earnest money contract forms promulgated by the Commission unless - Correct Answer: an attorney prepares the forms and the property owner requires their use
A licensed real estate broker is not authorized to practice law unless the broker also is a licensed attorney. Which activity is permitted to be performed by a real estate license holder? - Correct Answer: Filling in the blanks of a contract form promulgated or approved for that use by the Texas Real Estate Commission (TREC)
A real estate agent tells a seller during a listing presentation that the firm's real estate commission is in line with those of other real estate firms in the area. The broker may -
Correct Answer: be guilty of price-fixing
A real estate broker's license is NOT required of persons who - Correct Answer:
advertise and lease their own properties
A sales agent has which agency relationship with the sponsoring broker? - Correct
Answer: A general agency relationship
An acre consists of how many square feet? - Correct Answer: 43,560
An aggrieved person who believes illegal discrimination has occurred may file a complaint within what time frame following the alleged discriminatory act? - Correct
Answer: ONE YEAR
An owner sells part of his land that has no access to a public road but does have
access over his remaining land. This creates an easement by - Correct Answer:
necessity
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