Texas Real Estate Champions SAE Legal 1 Exam Latest Update 2024 Questions and Answers Advertisement is misleading if - CORRECT ANSWER: fails to include name of broker or sales agent is implying he is broker
Condominium resale certificate is needed when - CORRECT ANSWER: The seller is
not the declarant, or the seller is not the original developer
Earnset Money due - CORRECT ANSWER: 3 days after the effective date - if 3rd date falls on Saturday, Sunday, or holiday due next business day
Equitable Ownership - CORRECT ANSWER: A person that owns some sort of
beneficial interest in the property
FIRPTA imposes a tax on foreign persons selling real estate - CORRECT ANSWER:
15%
HB 890 - CORRECT ANSWER: Seller must disclose that property may be near military installation and could be affected by high noise
HB 1099 - CORRECT ANSWER: Tenants right to request emergency assistance
House Bill 804 - CORRECT ANSWER: owner must send tenant tenant tax amount due
within 15 days of receipt
House Bill 1288 - CORRECT ANSWER: Allows counties to contract with brokers to
lease county property
Hydrostatic test is - CORRECT ANSWER: negotiable
Leasing Agent - CORRECT ANSWER: Represents the Tenant
On-site means - CORRECT ANSWER: Manager has an office within the premises
Reasonable Accommodation- Fair housing act - CORRECT ANSWER: is a change,
execption, or adjustment to a rule for someone with a disability
Resale Certificate includes - CORRECT ANSWER: Association Rules, Declarations,
ByLaws
Residential resale option expires - CORRECT ANSWER: 5pm day on day of ending
period
SB . 920 - CORRECT ANSWER: grants access to residence or former residence to
retrieve personal property, including access based on danger or family violence
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