TEXAS PRINCIPLES OF REAL ESTATE 1 ACTUAL EXAM
COMPLETE QUESTIONS AND SOLVED VERIFIED ANSWERS 2024
The business of bringing buyers and sellers together and assisting in
negotiations for the terms of sale of real estate. - correct answers
✅brokerage
A person or an organization acting as the agent for others in negotiating the
purchase and sale of real property or other commodities for a fee - correct
answers ✅real estate broker
A person performing any of the acts included in the definition of real estate
broker but while associated with and supervised by a broker - correct
answers ✅real estate salesperson
A type of property that includes one to four dwelling units - correct answers
✅residential property
,Property that produces rental income or that is used in business. Properties
with five or more dwelling units are considered commercial property. -
correct answers ✅commercial property
Property that is used by companies or persons for manufacturing,
warehousing, or the assemblage of components - correct answers
✅industrial property
A category of real property created as a result of combining the land and its
improvements for a single highest and best use - correct answers ✅special
purpose property
Any urban, suburban or village development, or even a single building, that
blends a combination of residential, commercial, cultural, institutional, or
industrial uses, where those functions are physically and functionally
integrated, and that provides pedestrian connections - correct answers
✅mixed use property
The business of bringing buyers and sellers together and assisting in
negotiations for the terms of sale of real estate is known as...? - correct
answers ✅brokerage
,Government held properties include which of the following...? - correct
answers ✅public parks
Must property inspections must be licensed by the Texas Real Estate
Commission...? - correct answers ✅yes
A church is a definition of a _____________ ____________ property. -
correct answers ✅special purpose
What courses must be taken after you obtain your real estate license...? -
correct answers ✅continuing education courses
The qualifying Real Estate Principles course consists of how many classroom
hours in total...? - correct answers ✅60 (part I and part II)
How many points must an applicant earn in order to obtain their real estate
broker's license...? - correct answers ✅3600
, The mission of the _______________ _______________ ________________
Committee (ESAC) is to regularly review and revise the curriculum
standards, course content requirements, and instructor certification
requirements for qualifying and continuing education courses...? - correct
answers ✅educational standards advisory
The pre-licensing courses needed to obtain your real estate license are
considered what type of courses...? - correct answers ✅qualifying
education
Changes or additional made to a property, such as walls and roads. These
typically increase the value of a property, except in some cases of over
improvement - correct answers ✅improvements
A physical characteristic of land describing that land as a unique commodity
- correct answers ✅non-homogeneity
The present worth of future benefits - correct answers ✅value
COMPLETE QUESTIONS AND SOLVED VERIFIED ANSWERS 2024
The business of bringing buyers and sellers together and assisting in
negotiations for the terms of sale of real estate. - correct answers
✅brokerage
A person or an organization acting as the agent for others in negotiating the
purchase and sale of real property or other commodities for a fee - correct
answers ✅real estate broker
A person performing any of the acts included in the definition of real estate
broker but while associated with and supervised by a broker - correct
answers ✅real estate salesperson
A type of property that includes one to four dwelling units - correct answers
✅residential property
,Property that produces rental income or that is used in business. Properties
with five or more dwelling units are considered commercial property. -
correct answers ✅commercial property
Property that is used by companies or persons for manufacturing,
warehousing, or the assemblage of components - correct answers
✅industrial property
A category of real property created as a result of combining the land and its
improvements for a single highest and best use - correct answers ✅special
purpose property
Any urban, suburban or village development, or even a single building, that
blends a combination of residential, commercial, cultural, institutional, or
industrial uses, where those functions are physically and functionally
integrated, and that provides pedestrian connections - correct answers
✅mixed use property
The business of bringing buyers and sellers together and assisting in
negotiations for the terms of sale of real estate is known as...? - correct
answers ✅brokerage
,Government held properties include which of the following...? - correct
answers ✅public parks
Must property inspections must be licensed by the Texas Real Estate
Commission...? - correct answers ✅yes
A church is a definition of a _____________ ____________ property. -
correct answers ✅special purpose
What courses must be taken after you obtain your real estate license...? -
correct answers ✅continuing education courses
The qualifying Real Estate Principles course consists of how many classroom
hours in total...? - correct answers ✅60 (part I and part II)
How many points must an applicant earn in order to obtain their real estate
broker's license...? - correct answers ✅3600
, The mission of the _______________ _______________ ________________
Committee (ESAC) is to regularly review and revise the curriculum
standards, course content requirements, and instructor certification
requirements for qualifying and continuing education courses...? - correct
answers ✅educational standards advisory
The pre-licensing courses needed to obtain your real estate license are
considered what type of courses...? - correct answers ✅qualifying
education
Changes or additional made to a property, such as walls and roads. These
typically increase the value of a property, except in some cases of over
improvement - correct answers ✅improvements
A physical characteristic of land describing that land as a unique commodity
- correct answers ✅non-homogeneity
The present worth of future benefits - correct answers ✅value
