TEXAS PRINCIPLES OF REAL ESTATE 1 FULL
QUESTIONS AND CORRECT ANSWERS 2026
GRADED A+
◉ real estate broker. Answer: A person or an organization acting as the
agent for others in negotiating the purchase and sale of real property or
other commodities for a fee
◉ real estate salesperson. Answer: A person performing any of the acts
included in the definition of real estate broker but while associated with
and supervised by a broker
◉ residential property. Answer: A type of property that includes one to
four dwelling units
◉ commercial property. Answer: Property that produces rental income
or that is used in business. Properties with five or more dwelling units
are considered commercial property.
◉ industrial property. Answer: Property that is used by companies or
persons for manufacturing, warehousing, or the assemblage of
components
,◉ special purpose property. Answer: A category of real property created
as a result of combining the land and its improvements for a single
highest and best use
◉ mixed use property. Answer: Any urban, suburban or village
development, or even a single building, that blends a combination of
residential, commercial, cultural, institutional, or industrial uses, where
those functions are physically and functionally integrated, and that
provides pedestrian connections
◉ brokerage. Answer: The business of bringing buyers and sellers
together and assisting in negotiations for the terms of sale of real estate
is known as..?
◉ public parks. Answer: Government held properties include which of
the following..?
◉ yes. Answer: Must property inspections must be licensed by the Texas
Real Estate Commission..?
◉ special purpose. Answer: A church is a definition of a _____________
____________ property.
◉ continuing education courses. Answer: What courses must be taken
after you obtain your real estate license..?
,◉ 60 (part I and part II). Answer: The qualifying Real Estate Principles
course consists of how many classroom hours in total..?
◉ 3600. Answer: How many points must an applicant earn in order to
obtain their real estate broker's license..?
◉ educational standards advisory. Answer: The mission of the
_______________ _______________ ________________ Committee
(ESAC) is to regularly review and revise the curriculum standards,
course content requirements, and instructor certification requirements
for qualifying and continuing education courses..?
◉ qualifying education. Answer: The pre-licensing courses needed to
obtain your real estate license are considered what type of courses..?
◉ improvements. Answer: Changes or additional made to a property,
such as walls and roads. These typically increase the value of a property,
except in some cases of over improvement
◉ non-homogeneity. Answer: A physical characteristic of land
describing that land as a unique commodity
◉ value. Answer: The present worth of future benefits
, ◉ price. Answer: The amount a purchaser agrees to pay and a seller
agrees to accept under the circumstances surrounding a transaction
◉ cost. Answer: The total dollar expenditure for labor, materials, and
other items related to construction
◉ supply. Answer: The amount of goods offered for sale within a given
market at a given price during a given time period
◉ demand. Answer: The amount of goods consumers are willing and
able to buy at any given price during any given time period
◉ demography. Answer: The study of the social and economic statistics
of a community
◉ no. Answer: Is value the same as price?
◉ cost of labor. Answer: Which of the following affects supply..?
Employment
Cost of labor
Population
All of the above
QUESTIONS AND CORRECT ANSWERS 2026
GRADED A+
◉ real estate broker. Answer: A person or an organization acting as the
agent for others in negotiating the purchase and sale of real property or
other commodities for a fee
◉ real estate salesperson. Answer: A person performing any of the acts
included in the definition of real estate broker but while associated with
and supervised by a broker
◉ residential property. Answer: A type of property that includes one to
four dwelling units
◉ commercial property. Answer: Property that produces rental income
or that is used in business. Properties with five or more dwelling units
are considered commercial property.
◉ industrial property. Answer: Property that is used by companies or
persons for manufacturing, warehousing, or the assemblage of
components
,◉ special purpose property. Answer: A category of real property created
as a result of combining the land and its improvements for a single
highest and best use
◉ mixed use property. Answer: Any urban, suburban or village
development, or even a single building, that blends a combination of
residential, commercial, cultural, institutional, or industrial uses, where
those functions are physically and functionally integrated, and that
provides pedestrian connections
◉ brokerage. Answer: The business of bringing buyers and sellers
together and assisting in negotiations for the terms of sale of real estate
is known as..?
◉ public parks. Answer: Government held properties include which of
the following..?
◉ yes. Answer: Must property inspections must be licensed by the Texas
Real Estate Commission..?
◉ special purpose. Answer: A church is a definition of a _____________
____________ property.
◉ continuing education courses. Answer: What courses must be taken
after you obtain your real estate license..?
,◉ 60 (part I and part II). Answer: The qualifying Real Estate Principles
course consists of how many classroom hours in total..?
◉ 3600. Answer: How many points must an applicant earn in order to
obtain their real estate broker's license..?
◉ educational standards advisory. Answer: The mission of the
_______________ _______________ ________________ Committee
(ESAC) is to regularly review and revise the curriculum standards,
course content requirements, and instructor certification requirements
for qualifying and continuing education courses..?
◉ qualifying education. Answer: The pre-licensing courses needed to
obtain your real estate license are considered what type of courses..?
◉ improvements. Answer: Changes or additional made to a property,
such as walls and roads. These typically increase the value of a property,
except in some cases of over improvement
◉ non-homogeneity. Answer: A physical characteristic of land
describing that land as a unique commodity
◉ value. Answer: The present worth of future benefits
, ◉ price. Answer: The amount a purchaser agrees to pay and a seller
agrees to accept under the circumstances surrounding a transaction
◉ cost. Answer: The total dollar expenditure for labor, materials, and
other items related to construction
◉ supply. Answer: The amount of goods offered for sale within a given
market at a given price during a given time period
◉ demand. Answer: The amount of goods consumers are willing and
able to buy at any given price during any given time period
◉ demography. Answer: The study of the social and economic statistics
of a community
◉ no. Answer: Is value the same as price?
◉ cost of labor. Answer: Which of the following affects supply..?
Employment
Cost of labor
Population
All of the above
