TREC questions 80 questions with 100%
correct answers
A listing salesperson MUST disclose what information to potential buyers?
A) Any zoning changes made after the property was listed
B) Any ethnic diversity in the neighborhood
C) The financial status of the seller
D) The amount the seller originally paid for the property - correct answer Any zoning changes
made after the property was listed
The price at which a willing and informed buyer would buy and a willing and informed seller
would sell is called the
A) assessed values
B) book value
C) income approach to value
D) market value - correct answer Market Value
The income approach is MOST likely to be used when determining the value of a
A) vacant residential lot
B) office building
C) single family home
D) cooperative apartment - correct answer Office Building
Potential buyers tell their licensee that they are worried about the presence of radon gas in a
home they are considering buying. What SHOULD the salesperson say?
A) "if you're worried, i recommend make an offer less than listed price"
,TREC questions 80 questions with 100%
correct answers
B)"i asked the sellers and they said theres no problem"
C) "i suggest that a radon inspection be preformed"
D) "radon has not been proven to be harmful" - correct answer "I suggest that a radon
inspection be preformed"
K and R bought a house as tenants in common. If K dies, which of the following statements
about ownership of the house is CORRECT?
A) Its automatically becomes tenancy in severalty
B) It is divided, with R retaining R's original interest and the balance going into K's estate
C) R holds fee simple ownership in K's share of the property
D) R holds life estate ownership in K's share of the property - correct answer It is divided, with
R retaining R's original interest and the balance going to K's estate
The taxes on a property are based on an assessment ratio of 50% of market value of $174,000.
The tax rate is $4.75 per $100. The amount of the semi-annual tax payment is:
A) $1,033
B) $2,066
C) $4,132
D) $8,265 - correct answer $2,066
A homeowner who plans to travel for a year asks a real estate firm to rent the house for this
period and indicates a preference for a white family rather than a black family "If at all
possible". Under the Federal Fair Housing Act, the broker SHOULD inform the owner that these
instructions:
A) cannot be followed because they violate the act
, TREC questions 80 questions with 100%
correct answers
B) will be followed only if the owner accepts responsibility in case of a lawsuit
C) cannot be followed unless the owner puts them in writing
D) will be followed because normally the house is owner-occupied - correct answer cannot be
followed because they violate the act
A broker is TYPICALLY considered to be which of the following types of agents?
A) A special agent
B) A general agent
C) A universal agent
D) A individual agent - correct answer A Special Agent
Under a sales contract, the legal remedy that may be used to force the seller to consummate
the sale is called:
A) adverse possession
B) foreclosure
C) specific performance
D) forcible detainer - correct answer Specific performance
A property manager works in the BEST interests of the:
A) tenant
B) owner
C) agent
D) bank - correct answer owner
correct answers
A listing salesperson MUST disclose what information to potential buyers?
A) Any zoning changes made after the property was listed
B) Any ethnic diversity in the neighborhood
C) The financial status of the seller
D) The amount the seller originally paid for the property - correct answer Any zoning changes
made after the property was listed
The price at which a willing and informed buyer would buy and a willing and informed seller
would sell is called the
A) assessed values
B) book value
C) income approach to value
D) market value - correct answer Market Value
The income approach is MOST likely to be used when determining the value of a
A) vacant residential lot
B) office building
C) single family home
D) cooperative apartment - correct answer Office Building
Potential buyers tell their licensee that they are worried about the presence of radon gas in a
home they are considering buying. What SHOULD the salesperson say?
A) "if you're worried, i recommend make an offer less than listed price"
,TREC questions 80 questions with 100%
correct answers
B)"i asked the sellers and they said theres no problem"
C) "i suggest that a radon inspection be preformed"
D) "radon has not been proven to be harmful" - correct answer "I suggest that a radon
inspection be preformed"
K and R bought a house as tenants in common. If K dies, which of the following statements
about ownership of the house is CORRECT?
A) Its automatically becomes tenancy in severalty
B) It is divided, with R retaining R's original interest and the balance going into K's estate
C) R holds fee simple ownership in K's share of the property
D) R holds life estate ownership in K's share of the property - correct answer It is divided, with
R retaining R's original interest and the balance going to K's estate
The taxes on a property are based on an assessment ratio of 50% of market value of $174,000.
The tax rate is $4.75 per $100. The amount of the semi-annual tax payment is:
A) $1,033
B) $2,066
C) $4,132
D) $8,265 - correct answer $2,066
A homeowner who plans to travel for a year asks a real estate firm to rent the house for this
period and indicates a preference for a white family rather than a black family "If at all
possible". Under the Federal Fair Housing Act, the broker SHOULD inform the owner that these
instructions:
A) cannot be followed because they violate the act
, TREC questions 80 questions with 100%
correct answers
B) will be followed only if the owner accepts responsibility in case of a lawsuit
C) cannot be followed unless the owner puts them in writing
D) will be followed because normally the house is owner-occupied - correct answer cannot be
followed because they violate the act
A broker is TYPICALLY considered to be which of the following types of agents?
A) A special agent
B) A general agent
C) A universal agent
D) A individual agent - correct answer A Special Agent
Under a sales contract, the legal remedy that may be used to force the seller to consummate
the sale is called:
A) adverse possession
B) foreclosure
C) specific performance
D) forcible detainer - correct answer Specific performance
A property manager works in the BEST interests of the:
A) tenant
B) owner
C) agent
D) bank - correct answer owner
