REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1 FINAL EXAM

supply - Answer-The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - Answer-A property manager is an example of what type of agent? Special Agent - Answer-A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - Answer-The general uses of real property include the following: Market Comparison Approach - Answer-A means of comparing similar type properties would have recently sold to the subject property is known as: Surface Rights - Answer-Mineral rights are typically considered dominant to which of the following rights real estate - Answer-Land and everything permanently attached to land is defined as Personal Property - Answer-All property that is not land and is not permanently attached to land is known as Bundle of Rights - Answer-The right of exclusion which allows a landowner to prevent others from entering or occupying their property is included in the Kitchen cabinets - Answer-Which of the following is an example of a fixture Intentions of the party, adaption of the item, mold and permanence of house item was attached - Answer-Which of the following is considered a legal test for determining if an item is a fixture or not customer - Answer-This refers to the party the agent brings to the principal as seller or buyer of the property. General Agent - Answer-An agent with full authority over one property of the principal is known as a Special Agent - Answer-An agent with limited authority to act on behalf of the principal is referred to as a