TX Real Estate Exam Practice (
PRINCIPLE OF REAL ESTATE I)
NEWEST ACTUAL EXAM
COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY
GRADED A+
,Martin placed all of his real estate
oo oo oo oo oo oo
investments in a trust, and the proceeds a oo oo oo oo oo oo oo
re distributed through the trust to his son
oo oo oo oo oo oo oo oo
Nathan. Martin still manages the propertie
oo oo oo oo oo
s indirectly, and Nathan currently benefits,
oo oo oo oo oo
as he's past the required beneficiary age
oo oo oo oo oo oo oo oo
of 18. What type of trust is this? -
oo oo oo oo oo oo oo oo
ANSWER-Living trust
oo oo
Homeowner Shaun loves DIY projects and oo oo oo oo oo o
decided to build some bookshelves for hi
o oo oo oo oo oo oo
s home office. He bolted the shelves to th
oo oo oo oo oo oo oo oo
e wall and installed trim around them so t
oo oo oo oo oo oo oo oo
hey became an integral part of the room.
oo oo oo oo oo oo oo oo
When he sells his home, the bookshelves
oo oo oo oo oo oo oo
will be considered . - ANSWER-
oo oo oo oo oo
Real property because of the method of a
oo oo oo oo oo oo oo
nnexation
,What's the best definition of legal purpose
oo oo oo oo oo oo
?
- ANSWER-Written for a lawful objective
oo oo oo oo oo
Ken signed a contract to purchase Debra's
oo oo oo oo oo oo oo
condo. Ken signed the contract two weeks
oo oo oo oo oo oo oo
prior to turning 18, which is the age of maj
oo oo oo oo oo oo oo oo oo
ority in his state. Debra found out about hi
oo oo oo oo oo oo oo oo
s age prior to the closing but honored the
oo oo oo oo oo oo oo oo oo
contract, and they closed on the condo a
oo oo oo oo oo oo oo oo
month after Ken's birthday. What was the
oo oo oo oo oo oo oo
status of the contract when Ken and Debra
oo oo oo oo oo oo oo
entered into it? - ANSWER-Voidable
oo oo oo oo oo
( Because Ken was a minor when he ente
oo oo oo oo oo oo oo oo
red into the contract, he had the option t
oo oo oo oo oo oo oo oo
o cancel it (making it a voidable contract).
oo oo oo oo oo oo oo o
oHowever, the parties to a oo oo oo oo
, voidable contract may choose to execute it
oo oo oo oo oo oo
,
which is what happened here.)
oo oo oo oo
Your client, Jackson, has been renting and
oo oo oo oo oo oo
wants to purchase in the next year. What
oo oo oo oo oo oo oo oo
is something he should do early on to pr
oo oo oo oo oo oo oo oo oo
epare? - ANSWER-Improve his credit score
oo oo oo oo oo
To become a Texas sales agent, how ma
oo oo oo oo oo oo oo
ny 30-hour pre-
oo oo
licensing courses must Brock take? -
oo oo oo oo oo
ANSWER-Six 30-hour courses
oo oo oo
Contrary to federal fair housing laws, the s
oo oo oo oo oo oo oo
tate where Katrina lives includes age as a p
oo oo oo oo oo oo oo oo
rotected class. Which of these statements a
oo oo oo oo oo oo
bout this conflict is true? - ANSWER-
oo oo oo oo oo oo
PRINCIPLE OF REAL ESTATE I)
NEWEST ACTUAL EXAM
COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY
GRADED A+
,Martin placed all of his real estate
oo oo oo oo oo oo
investments in a trust, and the proceeds a oo oo oo oo oo oo oo
re distributed through the trust to his son
oo oo oo oo oo oo oo oo
Nathan. Martin still manages the propertie
oo oo oo oo oo
s indirectly, and Nathan currently benefits,
oo oo oo oo oo
as he's past the required beneficiary age
oo oo oo oo oo oo oo oo
of 18. What type of trust is this? -
oo oo oo oo oo oo oo oo
ANSWER-Living trust
oo oo
Homeowner Shaun loves DIY projects and oo oo oo oo oo o
decided to build some bookshelves for hi
o oo oo oo oo oo oo
s home office. He bolted the shelves to th
oo oo oo oo oo oo oo oo
e wall and installed trim around them so t
oo oo oo oo oo oo oo oo
hey became an integral part of the room.
oo oo oo oo oo oo oo oo
When he sells his home, the bookshelves
oo oo oo oo oo oo oo
will be considered . - ANSWER-
oo oo oo oo oo
Real property because of the method of a
oo oo oo oo oo oo oo
nnexation
,What's the best definition of legal purpose
oo oo oo oo oo oo
?
- ANSWER-Written for a lawful objective
oo oo oo oo oo
Ken signed a contract to purchase Debra's
oo oo oo oo oo oo oo
condo. Ken signed the contract two weeks
oo oo oo oo oo oo oo
prior to turning 18, which is the age of maj
oo oo oo oo oo oo oo oo oo
ority in his state. Debra found out about hi
oo oo oo oo oo oo oo oo
s age prior to the closing but honored the
oo oo oo oo oo oo oo oo oo
contract, and they closed on the condo a
oo oo oo oo oo oo oo oo
month after Ken's birthday. What was the
oo oo oo oo oo oo oo
status of the contract when Ken and Debra
oo oo oo oo oo oo oo
entered into it? - ANSWER-Voidable
oo oo oo oo oo
( Because Ken was a minor when he ente
oo oo oo oo oo oo oo oo
red into the contract, he had the option t
oo oo oo oo oo oo oo oo
o cancel it (making it a voidable contract).
oo oo oo oo oo oo oo o
oHowever, the parties to a oo oo oo oo
, voidable contract may choose to execute it
oo oo oo oo oo oo
,
which is what happened here.)
oo oo oo oo
Your client, Jackson, has been renting and
oo oo oo oo oo oo
wants to purchase in the next year. What
oo oo oo oo oo oo oo oo
is something he should do early on to pr
oo oo oo oo oo oo oo oo oo
epare? - ANSWER-Improve his credit score
oo oo oo oo oo
To become a Texas sales agent, how ma
oo oo oo oo oo oo oo
ny 30-hour pre-
oo oo
licensing courses must Brock take? -
oo oo oo oo oo
ANSWER-Six 30-hour courses
oo oo oo
Contrary to federal fair housing laws, the s
oo oo oo oo oo oo oo
tate where Katrina lives includes age as a p
oo oo oo oo oo oo oo oo
rotected class. Which of these statements a
oo oo oo oo oo oo
bout this conflict is true? - ANSWER-
oo oo oo oo oo oo
