ACEABLE AGENT CERTIFICATION TEST
FULL QUESTIONS AND SOLUTIONS
VERIFIED ANSWERS
●● Voidable
Answer: can be terminated or rescinded by either party
●● Real property refers to the land and improvements on it plus the set
of rights associated with real estate ownership.
Answer: land, and improvements on it plus the set of rights associated
with real estate ownership
●● Sponsoring Broker
Answer: Sales agents accept commission from
●● Counteroffer
Answer: party makes changes to an offer and represents the new offer
●● Uniqueness
Answer: no two tracts of land are the same
●● Special Agency
, Answer: Broker signs listing agreement with seller
●● Lot and Block
Answer: Plat, Oak Grove, Block 600, Lot 5, Dallas County, TX
●● Fair Housing
Answer: the Department of Housing and Urban Development,
commonly referred to as HUD, enforces the
●● What consequences could a broker suffer if a court concludes they
knowingly and intentionally conveyed incomplete or false information
to a customer?
Answer: If they are found to be knowingly and intentionally at fault,
they may be punished with Treble damages for both economic damages
and mental anguish.
●● grounds for disciplinary action, including revocation or suspension
of a license, EXCEPT
Answer: Asking buyers to provide their own transportation to inspect a
property
●● Condo
Answer: An owner lives in a single family dwelling but only owns the
building. The homeowner's association owns and maintains the grounds,
FULL QUESTIONS AND SOLUTIONS
VERIFIED ANSWERS
●● Voidable
Answer: can be terminated or rescinded by either party
●● Real property refers to the land and improvements on it plus the set
of rights associated with real estate ownership.
Answer: land, and improvements on it plus the set of rights associated
with real estate ownership
●● Sponsoring Broker
Answer: Sales agents accept commission from
●● Counteroffer
Answer: party makes changes to an offer and represents the new offer
●● Uniqueness
Answer: no two tracts of land are the same
●● Special Agency
, Answer: Broker signs listing agreement with seller
●● Lot and Block
Answer: Plat, Oak Grove, Block 600, Lot 5, Dallas County, TX
●● Fair Housing
Answer: the Department of Housing and Urban Development,
commonly referred to as HUD, enforces the
●● What consequences could a broker suffer if a court concludes they
knowingly and intentionally conveyed incomplete or false information
to a customer?
Answer: If they are found to be knowingly and intentionally at fault,
they may be punished with Treble damages for both economic damages
and mental anguish.
●● grounds for disciplinary action, including revocation or suspension
of a license, EXCEPT
Answer: Asking buyers to provide their own transportation to inspect a
property
●● Condo
Answer: An owner lives in a single family dwelling but only owns the
building. The homeowner's association owns and maintains the grounds,
