1
TEXAS PRINCIPLES OF REAL ESTATE 1: EXAM PREP
WITH CORRECT /ACCURATE ANSWERS| 100%
RATED CORRECT !! 2025-2026| 100% SURE PASS
A real estate agent is an example of what type of
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent -
-Solution -Special Agent
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 -
-Solution -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...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract -
,2
-Solution -Listing Contract
Properties with five or more dwelling units are
considered...?
Special Purpose Property
Commercial Property
Industrial Property
Residential Property -
-Solution -Commercial Property
The 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 -
-Solution -Supply
The general uses of real property include which of the
following...?
Residential
Industrial
Commercial
All of the above -
-Solution -All of the Above
,3
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 -
-Solution -The Salesperson's Sponsoring Broker
A property manager is an example of what type of
agent...?
Universal Agent
Specific Agent
General Agent
Special Agent -
-Solution -General Agent
The employer of an agent is known as the...?
Principal
All of the above
Customer
Escrow -
-Solution -Principal
The market comparison approach is commonly used for
this property type...?
Mixed-use
Industrial
, 4
Residential
Commercial -
-Solution -Residential
Land and everything permanently attached to land is
defined as...?
Bundle of Rights
Real Property
Fixture
Real Estate -
-Solution -Real Estate
A refrigerator is typically considered...?
Fixture
Real Property
Personal Property
Emblements -
-Solution -Personal Property
All property that is not land and is not permanently
attached to land is known as...?
Personal Property
Real Property
Real Estate
Fixture -
-Solution -Personal Property
TEXAS PRINCIPLES OF REAL ESTATE 1: EXAM PREP
WITH CORRECT /ACCURATE ANSWERS| 100%
RATED CORRECT !! 2025-2026| 100% SURE PASS
A real estate agent is an example of what type of
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent -
-Solution -Special Agent
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 -
-Solution -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...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract -
,2
-Solution -Listing Contract
Properties with five or more dwelling units are
considered...?
Special Purpose Property
Commercial Property
Industrial Property
Residential Property -
-Solution -Commercial Property
The 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 -
-Solution -Supply
The general uses of real property include which of the
following...?
Residential
Industrial
Commercial
All of the above -
-Solution -All of the Above
,3
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 -
-Solution -The Salesperson's Sponsoring Broker
A property manager is an example of what type of
agent...?
Universal Agent
Specific Agent
General Agent
Special Agent -
-Solution -General Agent
The employer of an agent is known as the...?
Principal
All of the above
Customer
Escrow -
-Solution -Principal
The market comparison approach is commonly used for
this property type...?
Mixed-use
Industrial
, 4
Residential
Commercial -
-Solution -Residential
Land and everything permanently attached to land is
defined as...?
Bundle of Rights
Real Property
Fixture
Real Estate -
-Solution -Real Estate
A refrigerator is typically considered...?
Fixture
Real Property
Personal Property
Emblements -
-Solution -Personal Property
All property that is not land and is not permanently
attached to land is known as...?
Personal Property
Real Property
Real Estate
Fixture -
-Solution -Personal Property
