TEXAS REAL ESTATE
PRINCIPLES EXAM 2026/2027
WITH QUESTIONS AND EXPERT-
VERIFIED CORRECT ANSWERS |
ALREADY GRADED A+ |
GUARANTEED PASS
An attachment added to the end of a contract and incorporated in the contract terms
is called which of these? - ANSWER-Addendum
When a buyer makes a "backup offer" on a pending property, they must submit...?
- ANSWER-An Addendum for "Back-Up" Contract is required in Texas whenever
there are backup offers on a property. The addendum states the requirements for
the Backup Contract, including the notation that an amendment to a first contract
does not remove the first contract from its primary position. The option fee and
earnest money in a back-up offer are treated essentially the same as the primary
contract.
Executed and Executory contracts are differentiated by: - ANSWER-their stages of
fulfillment.
,There are exemptions to the Fair Housing Act in regard to property transactions
and the Act's requirement of nondiscriminatory treatment. - ANSWER-7
Housing for older persons is exempt from the prohibition against familial status
discrimination if: - ANSWER-1) the HUD Secretary has determined that it is
specifically designed for and occupied by elderly persons under a Federal, State, or
local government program;
2) it is occupied solely by persons who are 62 or older; or
3) it houses at least one person who is 55 or older in at least 80 percent of the
occupied units, and adheres to a policy that demonstrates an intent to house
persons who are 55 or older.
The original version of the Fair Housing Act prohibited housing discrimination
based on any of these, except which? LGTBQ, race, ethnicity, religion, or nation of
origin - ANSWER-LGBTQ
A licensee who is representing a buyer is required to treat which of the following
in a honest and fair manner? - ANSWER-Buyer, seller, seller's agent, and anyone
with whom they interact!
The requirement for real estate professionals to treat parties honestly and fairly is
not exclusively owed to the client being represented. Honesty and fairness are
duties that are owed beyond the structure of the fiduciary duties. Honesty, mainly
refers to disclosing material facts to all parties, especially if the concealment of the
facts could cause harm to one or more parties. Fairness mainly involves treating
each party on the basis of their merits as a buyer or seller and not on the basis of
perceived or actual association with a group of people.
Federal laws affect all states and are only superseded if: - ANSWER-the state
regulation on the same topic is more restrictive
, A sales agent is a licensee who: - ANSWER-is employed by or associated with a
broker, who conducts brokerage activities on behalf of the broker in return for a fee
or a commission.
Investment permanence is another term for: - ANSWER-Fixity.
The condominium concept created a new way of thinking about property
ownership, through the ownership of: - ANSWER-Airspace
shares - ANSWER-Normally, people become members of a cooperative by
purchasing:
What happens to any profit that is produced by a cooperative? - ANSWER-It is
distributed among the members of the cooperative.
If a broker or sales agent discloses that their client will accept less than asking
price: - ANSWER-they must have instruction from the client to do so in writing.
The term "fiduciary" originates from a Latin term which means: - ANSWER-Trust
When filling in a form approved by the Texas Real Estate Commission, the license
holder may make changes to the printed contract language: - ANSWER-as is
necessary to conform the instrument to the intent of the parties.
The DTPA is designed and directed to "be
to promote its underlying
PRINCIPLES EXAM 2026/2027
WITH QUESTIONS AND EXPERT-
VERIFIED CORRECT ANSWERS |
ALREADY GRADED A+ |
GUARANTEED PASS
An attachment added to the end of a contract and incorporated in the contract terms
is called which of these? - ANSWER-Addendum
When a buyer makes a "backup offer" on a pending property, they must submit...?
- ANSWER-An Addendum for "Back-Up" Contract is required in Texas whenever
there are backup offers on a property. The addendum states the requirements for
the Backup Contract, including the notation that an amendment to a first contract
does not remove the first contract from its primary position. The option fee and
earnest money in a back-up offer are treated essentially the same as the primary
contract.
Executed and Executory contracts are differentiated by: - ANSWER-their stages of
fulfillment.
,There are exemptions to the Fair Housing Act in regard to property transactions
and the Act's requirement of nondiscriminatory treatment. - ANSWER-7
Housing for older persons is exempt from the prohibition against familial status
discrimination if: - ANSWER-1) the HUD Secretary has determined that it is
specifically designed for and occupied by elderly persons under a Federal, State, or
local government program;
2) it is occupied solely by persons who are 62 or older; or
3) it houses at least one person who is 55 or older in at least 80 percent of the
occupied units, and adheres to a policy that demonstrates an intent to house
persons who are 55 or older.
The original version of the Fair Housing Act prohibited housing discrimination
based on any of these, except which? LGTBQ, race, ethnicity, religion, or nation of
origin - ANSWER-LGBTQ
A licensee who is representing a buyer is required to treat which of the following
in a honest and fair manner? - ANSWER-Buyer, seller, seller's agent, and anyone
with whom they interact!
The requirement for real estate professionals to treat parties honestly and fairly is
not exclusively owed to the client being represented. Honesty and fairness are
duties that are owed beyond the structure of the fiduciary duties. Honesty, mainly
refers to disclosing material facts to all parties, especially if the concealment of the
facts could cause harm to one or more parties. Fairness mainly involves treating
each party on the basis of their merits as a buyer or seller and not on the basis of
perceived or actual association with a group of people.
Federal laws affect all states and are only superseded if: - ANSWER-the state
regulation on the same topic is more restrictive
, A sales agent is a licensee who: - ANSWER-is employed by or associated with a
broker, who conducts brokerage activities on behalf of the broker in return for a fee
or a commission.
Investment permanence is another term for: - ANSWER-Fixity.
The condominium concept created a new way of thinking about property
ownership, through the ownership of: - ANSWER-Airspace
shares - ANSWER-Normally, people become members of a cooperative by
purchasing:
What happens to any profit that is produced by a cooperative? - ANSWER-It is
distributed among the members of the cooperative.
If a broker or sales agent discloses that their client will accept less than asking
price: - ANSWER-they must have instruction from the client to do so in writing.
The term "fiduciary" originates from a Latin term which means: - ANSWER-Trust
When filling in a form approved by the Texas Real Estate Commission, the license
holder may make changes to the printed contract language: - ANSWER-as is
necessary to conform the instrument to the intent of the parties.
The DTPA is designed and directed to "be
to promote its underlying
