Exam For Texas Real Estate Principles 1
Questions and Answers 2024/2025 A+
Score Assured
There are seven sources of law in the United States, What would be an example
of them? - ✔✔Local zoning laws, FHA/VA regulations, court decisions
Laws passed by Congress and various other various state legislatures may -
✔✔Authorize agencies to pass rules and regulations to enforce the provisions of
law
The legal concept of precedent - ✔✔Grew out of common law
Constitutional provisions - ✔✔Establish the rights of citizens and delineate
government authority
Real estate laws - ✔✔werte passed to protect the public from possible fraud,
dishonesty, and incompetence of unscrupulous brokers and sales agents
Common Law - ✔✔Includes both custom and court decisions in application
today
A public library is an example of - ✔✔Special-purpose real estate
Value is best defined as - ✔✔A measure of the present worth of future benefits
as perceived by each person
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,The factors that influence the demand for real estate include - ✔✔Wage levels
and employment opportunities
A factor that affects supply in the real estate market is - ✔✔construction costs
The real estate market is considered local in character because - ✔✔Land is
fixed or immobile
In general, when the supply of a certain commodity increases - ✔✔prices tend
to drop
Price is best defined as - ✔✔the amount a buyer agrees to pay and a seller
agrees to accept
Compared with typical markets, the real estate market - ✔✔is relatively slow to
adjust because of its nonhomogeniety and its immobile characteristics
In general terms, the term market refers to - ✔✔a place where buyers and
sellers come together to establish prices
An improvement is - ✔✔an example of economic characteristic
The term area preference refers to - ✔✔an economic characteristic of land
The term non homogeneity refers to - ✔✔the fact that no two parcels of land
are exactly alike
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Relative scarcity implies that - ✔✔land available for development may be in
short supply in some areas
Abandonment - ✔✔The voluntary surrender or relinquishment a position of real
property with the intention of terminating one's position or interest but without
the vesting of this interest in any other person, such as when a person moves
and abandons leased property before the lease term has expired.
Abatement - ✔✔Elimination or reduction of realistic taxes to attract new
business to an area
Abstract of title - ✔✔The condensed history of a title to a particular parcel of
real estate, consisting of a summary of the original grant and all subsequent
conveyances andand encumbrances affecting the property and a certification by
the abstracter that the history is complete and accurate.
Abstract of title with lawyers opinion - ✔✔An abstract of title that a lawyer has
examined and has certified to be, in his opinion, an accurate statement of fact.
Acceleration clause - ✔✔The clause in a mortgage or trust deed or note that can
be enforced to make the entire amount of principle and interest due
immediately if the mortgagor defaults on an instalment payment or other
covenant.
3|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Accession - ✔✔Acquiring title to additions or improvements to real property as
a result of the annexation of fixtures or the accretion of alluvial deposits along
the banks of streams.
Accretion - ✔✔The increase or addition of land by the deposit of Sand or soil
washed-up naturally from a river, lake, or sea.
Accrued items - ✔✔On a closing statement, items of expense that are incurred
but not yet payable such as an interest on a mortgage loan or taxes on real
property.
Acknowledgement - ✔✔A formal declaration before a notary public or other
authorised public officer that authenticates signatures on the document for the
purpose of recording.
Acre - ✔✔A measure of land equal to 43,560 ft.² , 4840 yd.² , 4047 m² , 160
square rods or 0.4047 Hectare
Actual eviction - ✔✔The result of legal action originated by lessor whereby a
defaulted tenant is physically ousted from the rented property pursuant to a
court order.
Actual notice - ✔✔Express information or fact; that which is known; direct
knowledge
4|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Questions and Answers 2024/2025 A+
Score Assured
There are seven sources of law in the United States, What would be an example
of them? - ✔✔Local zoning laws, FHA/VA regulations, court decisions
Laws passed by Congress and various other various state legislatures may -
✔✔Authorize agencies to pass rules and regulations to enforce the provisions of
law
The legal concept of precedent - ✔✔Grew out of common law
Constitutional provisions - ✔✔Establish the rights of citizens and delineate
government authority
Real estate laws - ✔✔werte passed to protect the public from possible fraud,
dishonesty, and incompetence of unscrupulous brokers and sales agents
Common Law - ✔✔Includes both custom and court decisions in application
today
A public library is an example of - ✔✔Special-purpose real estate
Value is best defined as - ✔✔A measure of the present worth of future benefits
as perceived by each person
1|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,The factors that influence the demand for real estate include - ✔✔Wage levels
and employment opportunities
A factor that affects supply in the real estate market is - ✔✔construction costs
The real estate market is considered local in character because - ✔✔Land is
fixed or immobile
In general, when the supply of a certain commodity increases - ✔✔prices tend
to drop
Price is best defined as - ✔✔the amount a buyer agrees to pay and a seller
agrees to accept
Compared with typical markets, the real estate market - ✔✔is relatively slow to
adjust because of its nonhomogeniety and its immobile characteristics
In general terms, the term market refers to - ✔✔a place where buyers and
sellers come together to establish prices
An improvement is - ✔✔an example of economic characteristic
The term area preference refers to - ✔✔an economic characteristic of land
The term non homogeneity refers to - ✔✔the fact that no two parcels of land
are exactly alike
2|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,Relative scarcity implies that - ✔✔land available for development may be in
short supply in some areas
Abandonment - ✔✔The voluntary surrender or relinquishment a position of real
property with the intention of terminating one's position or interest but without
the vesting of this interest in any other person, such as when a person moves
and abandons leased property before the lease term has expired.
Abatement - ✔✔Elimination or reduction of realistic taxes to attract new
business to an area
Abstract of title - ✔✔The condensed history of a title to a particular parcel of
real estate, consisting of a summary of the original grant and all subsequent
conveyances andand encumbrances affecting the property and a certification by
the abstracter that the history is complete and accurate.
Abstract of title with lawyers opinion - ✔✔An abstract of title that a lawyer has
examined and has certified to be, in his opinion, an accurate statement of fact.
Acceleration clause - ✔✔The clause in a mortgage or trust deed or note that can
be enforced to make the entire amount of principle and interest due
immediately if the mortgagor defaults on an instalment payment or other
covenant.
3|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, Accession - ✔✔Acquiring title to additions or improvements to real property as
a result of the annexation of fixtures or the accretion of alluvial deposits along
the banks of streams.
Accretion - ✔✔The increase or addition of land by the deposit of Sand or soil
washed-up naturally from a river, lake, or sea.
Accrued items - ✔✔On a closing statement, items of expense that are incurred
but not yet payable such as an interest on a mortgage loan or taxes on real
property.
Acknowledgement - ✔✔A formal declaration before a notary public or other
authorised public officer that authenticates signatures on the document for the
purpose of recording.
Acre - ✔✔A measure of land equal to 43,560 ft.² , 4840 yd.² , 4047 m² , 160
square rods or 0.4047 Hectare
Actual eviction - ✔✔The result of legal action originated by lessor whereby a
defaulted tenant is physically ousted from the rented property pursuant to a
court order.
Actual notice - ✔✔Express information or fact; that which is known; direct
knowledge
4|Page
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
