Texas Real Estate Practice Exam 1 with all Correct & 100%
Verified Answers |Actual Complete Update |Already
Graded A+
Who promulgates forms for mandatory use by Texas brokers and salespersons? ✔Correct
Answer-Texas Real Estate Commission
In Texas, unless stated to the contrary in a deed, ownership of land by a married couple is
assumed to be by ✔Correct Answer-Community Property
Regarding community property, which of the following is TRUE? ✔Correct Answer-Neither
spouse may sell any real estate owned as part of their community property, unless both spouses
sign the sales contract and deed.
A homestead is protected against judgments that result from ✔Correct Answer-Unsecured
creditors
In Texas, who is authorized to draft deeds, mortgages, deeds of trust, and notes? ✔Correct
Answer-An attorney licensed to practice law
In Texas, licenses are renewed ✔Correct Answer-In the month issued
A consumer prevails in a suit for a cause of action involving the Texas deceptive trade practices
Act. The maximum the consumer may be awarded by the court is ✔Correct Answer-Actual
damages, court costs, attorney fees, and up to treble damages if the court finds conduct
committee knowingly or intentionally
A seller has no knowledge of any plumbing system problems on the property the seller is selling.
In actuality, however, the pipes are seriously corroded and will need to be replaced soon. On
the sellers disclosure of property condition, when responding to whether the seller is aware of
plumbing system problems, the seller should enter ✔Correct Answer-No
Which would be considered acting in a lawful position as an intermediary? ✔Correct Answer-
Appointed licensees communicating with and caring out the instructions of different principles
in one transaction
Which would be considered acting in a lawful position as an intermediary ✔Correct Answer-
Appointed licensee communicating with and caring out instructions of different principles in
one transaction
Verified Answers |Actual Complete Update |Already
Graded A+
Who promulgates forms for mandatory use by Texas brokers and salespersons? ✔Correct
Answer-Texas Real Estate Commission
In Texas, unless stated to the contrary in a deed, ownership of land by a married couple is
assumed to be by ✔Correct Answer-Community Property
Regarding community property, which of the following is TRUE? ✔Correct Answer-Neither
spouse may sell any real estate owned as part of their community property, unless both spouses
sign the sales contract and deed.
A homestead is protected against judgments that result from ✔Correct Answer-Unsecured
creditors
In Texas, who is authorized to draft deeds, mortgages, deeds of trust, and notes? ✔Correct
Answer-An attorney licensed to practice law
In Texas, licenses are renewed ✔Correct Answer-In the month issued
A consumer prevails in a suit for a cause of action involving the Texas deceptive trade practices
Act. The maximum the consumer may be awarded by the court is ✔Correct Answer-Actual
damages, court costs, attorney fees, and up to treble damages if the court finds conduct
committee knowingly or intentionally
A seller has no knowledge of any plumbing system problems on the property the seller is selling.
In actuality, however, the pipes are seriously corroded and will need to be replaced soon. On
the sellers disclosure of property condition, when responding to whether the seller is aware of
plumbing system problems, the seller should enter ✔Correct Answer-No
Which would be considered acting in a lawful position as an intermediary? ✔Correct Answer-
Appointed licensees communicating with and caring out the instructions of different principles
in one transaction
Which would be considered acting in a lawful position as an intermediary ✔Correct Answer-
Appointed licensee communicating with and caring out instructions of different principles in
one transaction
