Aceable Agent - Texas Real Estate 1 Practice Test Exam Questions with 100% Correct Answers

Aceable Agent - Texas Real Estate 1 Practice Test Exam Questions with 100% Correct Answers Severance - answerturn real property into personal property Voidable - answercan be terminated or rescinded by either party Real property refers to the land and improvements on it plus the set of rights associated with real estate ownership. - answerland, and improvements on it plus the set of rights associated with real estate ownership Sponsoring Broker - answerSales agents accept commission from Counteroffer - answerparty makes changes to an offer and represents the new offer Uniqueness - answerno two tracts of land are the same Special Agency - answerBroker signs listing agreement with seller Lot and Block - answerPlat, Oak Grove, Block 600, Lot 5, Dallas County, TX Fair Housing - answerthe Department of Housing and Urban Development, commonly referred to as HUD, enforces the What consequences could a broker suffer if a court concludes they knowingly and intentionally conveyed incomplete or false information to a customer? - answerIf they are found to be knowingly and intentionally at fault, they may be punished with Treble damages for both economic damages and mental anguish. grounds for disciplinary action, including revocation or suspension of a license, EXCEPT - answerAsking buyers to provide their own transportation to inspect a property Condo - answerAn owner lives in a single family dwelling but only owns the building. The homeowner's association owns and maintains the grounds, the pool and the exercise room. All of the owners in the area share the common areas. What does the owner live in? Market Information - answeragents use as a basis for advising a prospect Trade Fixture - answerDining Room Table in NOT 2 Years - answerHow often can homeowners take advantage of capital gains exemption under the Taxpayer Relief Act of 1997? belong to the landlord upon expiration of the l