AYPO Real Estate Principles 1 (2nd Try) Questions With 100% Correct Answers 2024

AYPO Real Estate Principles 1 (2nd Try) Questions With 100% Correct Answers 2024 Trec has the authority under TRELA to suspend or even revoke a brokers license if - answerThe conduct the unlawful practice of law ESAC stands for - answerEducation Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - answerSitus Which amendment guarantees that a citizen will not be deprived of property without due process of law - answer5th Amendment CFOB - answerConsumer Financial Protection Bureau A professional organization or association is usually a non for profit organization that seeks to: - answerFurther a particular profession and the interests of individuals engaged in that profession A contraction or generally slowing down of the economy - answerRecession What is the primary purpose for real estate licensing laws - answer-To protect -To set out minimum standards and qualifications -To protect licensed broker and sales agents from unfair or improper competition Information or material prepared in commission may be disclosed : - answerTo the respondent of the complaint Real property often referred to as real estate includes: - answer-Structures attached directly to the land -Land -Natural resources like water, minerals, and crops Emblements - answerHarvestable plants, trees, and uncultivated vegetation A manufactured home can be considered real property if: - answerThe owner of the home has elected to treat the home as their real property or All of these Number one reason people move is: - answerEmployment opportunity How much money can a first time homebuyer draw from his or her own IRA without tax penalty for the purchase - answer10,000 According to the Texas department of insurance, most homeowners policies in Texas include which of the following coverages - answer- medical Payments -Dwelling -Loss of use A C.L.U.E report. advises a consumer on: - answerUp to seven years Prior to the introduction of the condominium, prope