Texas Principles 1 Exam Practice Questions & Answers - Champions School: Latest Updated

Townhomes and single-family homes differ in that ______a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not own the land because of (d) townhomes are retro-commissioned and share (Ans- (a) townhomes share Rights that are associated with the ownership of real property are often referred to as the owner's: (a) Bundle of rights (b) Constitutional rights (c) Statutory rights (d) Civil rights (Ans- (a) Bundle of rights The agreement between a broker and a client is most often a(n) __________ agency relationship. (a) Special (b) General (c) Universal (d) Sub (Ans- (a) Special A professional association whose local affiliates own and operate MLS systems throughout the United States is the: (a) NAR (b) CCIM (c) BOMA (d) ICSC (Ans- NAR A legal description that contains the words "Beginning at a point" is a: (a) Lot and block description (b) Metes and bounds description (c) Informal reference (d) PLSS description (Ans- b) Metes and bounds description The concept behind the government survey system is the ________ of a grid on top of the land. (a) overlay