Texas Principles of Real Estate 1 (2024 / 2025) Exam Questions and Verified Answers | Grade A
Question:
Under subchapter E of TRELA the commission has a responsibility to make
information available about the commission and its duties in the interest in:
Answer:
The general public
Question:
In a real estate transactions who may a licensee represent?
Answer:
A client
Question:
What type of real estate market occurs when both supply and demand are low?
Answer:
Stagnant Market 1 / 4
Question:
Assume you are a licensee in Texas who has recently entered into an agreement with a seller to represent their interest in a real estate transaction at what point are you required to make your agency disclosure to a potential buyer
Answer:
At the time of your substantive dialog
Question:
Of the nine total members of TREC, how many are members of the public?
Answer:
Three
Question:
Cultivated crops are called?
Answer:
Emblements and are considered personal property.
Question:
Severance occurs when an item that was real property becomes personal property by?
Answer:
Detaching it from land 2 / 4
Question:
Ad valorem taxes are calculated based on?
Answer:
The appraised value of the property being taxed.
Question:
To calculate property taxes, multiply tax rate by what?
Answer:
Assessed value
Question:
Annexation occurs when:
Answer:
Personal property is attached to real property, making it a fixture
Question:
A lien may be voluntary or:
Answer:
involuntary
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Question:
Property tax liens take priority over other liens; if homeowners dont pay their property taxes what can happen?
Answer:
They can lose their property
Question:
A grant of land from an owner to a school "on the condition that" the property
be used for educational purposes is:
Answer:
Fee simple subject to a condition subsequent.
Question:
Pur autre vie life estates are what type of life estates:
Answer:
For the life of another
Question:
A homestead may suffered forced sale for payment of mortgages where the
loan proceeds were used to do which of the following:
Answer:
Purchase the residence, refinance the residence, improve the residence
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