TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL
EXAM, PRACTICE EXAM AND STUDY GUIDE
NEWEST 2025 ALL IN ONE DOCUMENT
COMPLETE COURSE 160 QUESTIONS AND
ANSWERS
Save
Terms in this set (120)
A real estate agent is an Special Agent
example of what type of
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
A means of comparing Market Comparison Approach
similar type properties,
which have recently sold,
to the subject property is
known as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison
Approach
,A contract in which a Listing Contract
property owner employs
a real estate broker to
market the property
described in the contract
is known as the...
Agency Disclosure
Contract
Purchase and Sales
Contract
Closing Contract
Listing Contract
Properties with five or Commercial Property
more dwelling units are
considered...?
Special Purpose
Property
Commercial Property
Industrial Property
Residential Property
The amount of goods Supply
offered for sale within a
given market at a given
price during a given time
period is known as...
Demand
GDP
Supply
None of the above
, The general uses of real All of the Above
property include which
of the following...?
Residential
Industrial
Commercial
All of the above
If a real estate The Salesperson's Sponsoring Broker
salesperson closes on a
transaction, who pays the
salesperson their
commission...?
The Buyer
The salesperson's
sponsoring broker
Whatever is stated in the
listing agreement
The Seller
A property manager is an General Agent
example of what type of
agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
The employer of an Principal
agent is known as the...?
Principal
All of the above
Customer
Escrow
EXAM, PRACTICE EXAM AND STUDY GUIDE
NEWEST 2025 ALL IN ONE DOCUMENT
COMPLETE COURSE 160 QUESTIONS AND
ANSWERS
Save
Terms in this set (120)
A real estate agent is an Special Agent
example of what type of
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
A means of comparing Market Comparison Approach
similar type properties,
which have recently sold,
to the subject property is
known as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison
Approach
,A contract in which a Listing Contract
property owner employs
a real estate broker to
market the property
described in the contract
is known as the...
Agency Disclosure
Contract
Purchase and Sales
Contract
Closing Contract
Listing Contract
Properties with five or Commercial Property
more dwelling units are
considered...?
Special Purpose
Property
Commercial Property
Industrial Property
Residential Property
The amount of goods Supply
offered for sale within a
given market at a given
price during a given time
period is known as...
Demand
GDP
Supply
None of the above
, The general uses of real All of the Above
property include which
of the following...?
Residential
Industrial
Commercial
All of the above
If a real estate The Salesperson's Sponsoring Broker
salesperson closes on a
transaction, who pays the
salesperson their
commission...?
The Buyer
The salesperson's
sponsoring broker
Whatever is stated in the
listing agreement
The Seller
A property manager is an General Agent
example of what type of
agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
The employer of an Principal
agent is known as the...?
Principal
All of the above
Customer
Escrow
