REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1
FINAL EXAM 2024/2025
The amount of goods offered for sale within a given market at a given
price during a given time period. - Precise Answer ✔✔supply
A property manager is an example of what type of agent? - Precise
Answer ✔✔General Agent
A real estate agent is an example of what type of agent? - Precise
Answer ✔✔Special Agent
The general uses of real property include the following: - Precise
Answer ✔✔Residential, Commercial, and Industrial
A means of comparing similar type properties would have recently sold
to the subject property is known as: - Precise Answer ✔✔Market
Comparison Approach
Mineral rights are typically considered dominant to which of the
following rights - Precise Answer ✔✔Surface Rights
Land and everything permanently attached to land is defined as - Precise
Answer ✔✔real estate
, All property that is not land and is not permanently attached to land is
known as - Precise Answer ✔✔Personal Property
The right of exclusion which allows a landowner to prevent others from
entering or occupying their property is included in the - Precise Answer
✔✔Bundle of Rights
Which of the following is an example of a fixture - Precise Answer
✔✔Kitchen cabinets
Which of the following is considered a legal test for determining if an
item is a fixture or not - Precise Answer ✔✔Intentions of the party,
adaption of the item, mold and permanence of house item was attached
This refers to the party the agent brings to the principal as seller or buyer
of the property. - Precise Answer ✔✔customer
An agent with full authority over one property of the principal is known
as a - Precise Answer ✔✔General Agent
An agent with limited authority to act on behalf of the principal is
referred to as a - Precise Answer ✔✔Special Agent
A seller's agent is entitled to a commission after - Precise Answer
✔✔The agent finds a buyer who is ready, willing, and able to purchase
the property.
FINAL EXAM 2024/2025
The amount of goods offered for sale within a given market at a given
price during a given time period. - Precise Answer ✔✔supply
A property manager is an example of what type of agent? - Precise
Answer ✔✔General Agent
A real estate agent is an example of what type of agent? - Precise
Answer ✔✔Special Agent
The general uses of real property include the following: - Precise
Answer ✔✔Residential, Commercial, and Industrial
A means of comparing similar type properties would have recently sold
to the subject property is known as: - Precise Answer ✔✔Market
Comparison Approach
Mineral rights are typically considered dominant to which of the
following rights - Precise Answer ✔✔Surface Rights
Land and everything permanently attached to land is defined as - Precise
Answer ✔✔real estate
, All property that is not land and is not permanently attached to land is
known as - Precise Answer ✔✔Personal Property
The right of exclusion which allows a landowner to prevent others from
entering or occupying their property is included in the - Precise Answer
✔✔Bundle of Rights
Which of the following is an example of a fixture - Precise Answer
✔✔Kitchen cabinets
Which of the following is considered a legal test for determining if an
item is a fixture or not - Precise Answer ✔✔Intentions of the party,
adaption of the item, mold and permanence of house item was attached
This refers to the party the agent brings to the principal as seller or buyer
of the property. - Precise Answer ✔✔customer
An agent with full authority over one property of the principal is known
as a - Precise Answer ✔✔General Agent
An agent with limited authority to act on behalf of the principal is
referred to as a - Precise Answer ✔✔Special Agent
A seller's agent is entitled to a commission after - Precise Answer
✔✔The agent finds a buyer who is ready, willing, and able to purchase
the property.
