Texas Principles of Real Estate 1:
Quiz Questions / Newest Actual Exam Review Q&A with Definitive Answers/ A+ Score Solutions.Terms in this set (120) Special Agent A real estate agent is an example of what type of agent...?Universal Agent General Agent Special Agent Specific Agent Market Comparison Approach A means of comparing similar type properties, which have recently sold, to the subject property is known as the...?Cost Approach Assessment Approach Income Approach Market Comparison Approach A contract in which a property owner employs a real estate broker to market the property described in the contract is known as the... 1 / 4
Listing Contract contract is known as the...Agency Disclosure Contract Purchase and Sales Contract Closing Contract Listing Contract 2 / 4
Commercial Property Properties with five or more dwelling units are considered...?Special Purpose Property Commercial Property Industrial Property Residential Property SupplyThe amount of goods offered for sale within a given market at a given price during a given time period is known as...Demand GDP Supply None of the above All of the AboveThe general uses of real property include which of the following...?Residential Industrial Commercial All of the above The Salesperson's Sponsoring Broker If a real estate salesperson closes on a transaction, who pays the salesperson their commission...?The Buyer The salesperson's sponsoring broker Whatever is stated in the listing agreement The Seller 3 / 4
- / 4