TEXAS REAL ESTATE PRINCIPLES 1
QUESTIONS AND COMPLETE
ANSWERS
improvement ANSW✅✅Any man-made addition to the land that is permanent and is considered
to become part of the land is known as an _____________.
emblements ANSW✅✅Annual crops produced with labor fall into a special category known as
__________.
manufactured home ANSW✅✅A _________ is a home that is built in a factory according to a
federal building code
administered by the U.S. Department of Housing and Urban Development (HUD).
air ANSW✅✅_________ rights extend above the surface without limitation.
townhomes share ANSW✅✅Townhomes and single-family homes differ in that ______a common
wall.
Fire, Vandalism, Personal liability ANSW✅✅Homeowners insurance can protect the policyholder
from unexpected losses, including:
c. policyholder's age ANSW✅✅Which of the following is not a factor that can affect insurance
premiums?
a. Location
b. Policyholder's claims history
c. Policyholder's age
d. Age and condition of the property
,C. Client ANSW✅✅In real estate, a buyer or seller is considered an agent's customer until he or
she becomes a(n)
______.
a. Subagent
b. Intermediary
c. Client
d. Associate
a. Special ANSW✅✅The agreement between a broker and a client is most often a(n) __________
agency relationship.
a. Special
b. General
c. Universal
d. Sub
b. General ANSW✅✅The broker and his or her associates are most often in a(n) __________
agency relationship.
a. Special
b. General
c. Universal
d. Sub
Agency relationship ANSW✅✅Exists when one person (the agent) acts for, or on
behalf of another person (the principal).
Fiduciary ANSW✅✅Means that the relationship is based on trust.
Client ANSW✅✅A person, sometimes called a principal, who engages the professional advice or
services of another, called an agent, and whose interests are protected by the specific duties and
loyalties of an agency relationship.
, special agency ANSW✅✅The most limited of all the agency relationships and is also referred to as
"limited agency."
Subagency ANSW✅✅According to the Texas Real Estate License Act, when
one firm sells a property listed by another firm to a
buyer that they are not representing, the selling firm
represents the seller in this type of relationship.
b. race or color ANSW✅✅In housing, discrimination based upon ______ has been a violation of
federal law since 1866.
a. economic status
b. race or color
c. gender
d. any of the above
b. Steering ANSW✅✅The practice of directing buyers or renters to or away from a particular area
based upon a protected class is known as:
a. Blockbusting
b. Steering
c. Profiteering
d. Panic pedaling
b. Blockbusting/Panic Pedaling ANSW✅✅Attempting to induce panic selling in a neighborhood for
financial gain is known as:
d. when renting shared living space ANSW✅✅Advertisements that specify a gender preference
are acceptable:
a. Never
b. Always
c. When renting a single family residence
d. when renting shared living space
QUESTIONS AND COMPLETE
ANSWERS
improvement ANSW✅✅Any man-made addition to the land that is permanent and is considered
to become part of the land is known as an _____________.
emblements ANSW✅✅Annual crops produced with labor fall into a special category known as
__________.
manufactured home ANSW✅✅A _________ is a home that is built in a factory according to a
federal building code
administered by the U.S. Department of Housing and Urban Development (HUD).
air ANSW✅✅_________ rights extend above the surface without limitation.
townhomes share ANSW✅✅Townhomes and single-family homes differ in that ______a common
wall.
Fire, Vandalism, Personal liability ANSW✅✅Homeowners insurance can protect the policyholder
from unexpected losses, including:
c. policyholder's age ANSW✅✅Which of the following is not a factor that can affect insurance
premiums?
a. Location
b. Policyholder's claims history
c. Policyholder's age
d. Age and condition of the property
,C. Client ANSW✅✅In real estate, a buyer or seller is considered an agent's customer until he or
she becomes a(n)
______.
a. Subagent
b. Intermediary
c. Client
d. Associate
a. Special ANSW✅✅The agreement between a broker and a client is most often a(n) __________
agency relationship.
a. Special
b. General
c. Universal
d. Sub
b. General ANSW✅✅The broker and his or her associates are most often in a(n) __________
agency relationship.
a. Special
b. General
c. Universal
d. Sub
Agency relationship ANSW✅✅Exists when one person (the agent) acts for, or on
behalf of another person (the principal).
Fiduciary ANSW✅✅Means that the relationship is based on trust.
Client ANSW✅✅A person, sometimes called a principal, who engages the professional advice or
services of another, called an agent, and whose interests are protected by the specific duties and
loyalties of an agency relationship.
, special agency ANSW✅✅The most limited of all the agency relationships and is also referred to as
"limited agency."
Subagency ANSW✅✅According to the Texas Real Estate License Act, when
one firm sells a property listed by another firm to a
buyer that they are not representing, the selling firm
represents the seller in this type of relationship.
b. race or color ANSW✅✅In housing, discrimination based upon ______ has been a violation of
federal law since 1866.
a. economic status
b. race or color
c. gender
d. any of the above
b. Steering ANSW✅✅The practice of directing buyers or renters to or away from a particular area
based upon a protected class is known as:
a. Blockbusting
b. Steering
c. Profiteering
d. Panic pedaling
b. Blockbusting/Panic Pedaling ANSW✅✅Attempting to induce panic selling in a neighborhood for
financial gain is known as:
d. when renting shared living space ANSW✅✅Advertisements that specify a gender preference
are acceptable:
a. Never
b. Always
c. When renting a single family residence
d. when renting shared living space
