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TEXAS REAL ESTATE EXAMS SET 2025/2026 QUESTIONS AND SOLUTIONS GRADED A+

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TEXAS REAL ESTATE EXAMS SET 2025/2026 QUESTIONS AND SOLUTIONS GRADED A+

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TEXAS REAL ESTATE EXAMS SET 2025/2026 QUESTIONS
AND SOLUTIONS GRADED A+
✔✔Comparative Market Analysis (CMA) - ✔✔A comparison of the prices of recently
sold homes that are similar to a listing seller's home in terms of location, style, and
amenities.

✔✔subdivision plat map - ✔✔engineer's plan for land use superimposed on a map of
the land to be developed

✔✔dedication - ✔✔The voluntary transfer of private property by its owner to the public
for some public use, such as for streets or schools.

✔✔caveat emptor - ✔✔let the buyer beware, responsible for verifying the qualty and
value prior to the purchase

✔✔Fiduciary - ✔✔individual upon whom is placed the highest levels of trust and
confidence when acting on behalf of one another

✔✔General Agent - ✔✔One who is authorized by a principal to represent the principal
in a specific range of matters.

✔✔Special Agent - ✔✔is an agent that is given the authority to perform specific tasks.

✔✔Transaction Broker - ✔✔A broker who provides limited representation to a buyer, a
seller, or both in a real estate transaction, but does not represent either in a fiduciary
capacity or as a single agent.

✔✔consent to transition - ✔✔A written agreement to gain the principal's permission to a
change in brokerage relationship.

✔✔trade name - ✔✔a commercial, legal name under which a company does business

✔✔Blind advertisement - ✔✔An advertisement of a principal's property providing only a
telephone number, a post office box, and/or an address without the licensed name of
the brokerage firm.

✔✔commingle - ✔✔The illegal practice of mixing a buyer's, seller's, tenant's, or
landlord's funds with the broker's own money or mixing escrow money with the broker's
personal funds or brokerage funds.

✔✔Arbitration - ✔✔settling a dispute by agreeing to accept the decision of an impartial
outsider

, ✔✔litigation - ✔✔the process of taking legal action

✔✔Mediation - ✔✔negotiation to resolve differences conducted by some impartial party

✔✔Earnest Money - ✔✔money paid to confirm a contract

✔✔escrow account - ✔✔an account where money is held in trust until it can be
delivered to a designated party

✔✔kickback - ✔✔the return of a portion of the money received in a sale or contract,
often secretly or illegally, in exchange for favors

✔✔Culpable negligence - ✔✔Inadequate attention to duties and obligations by one who
knows, or should know, what is required of him or her.

✔✔moral turpitude - ✔✔An act of corruption, vileness, or moral depravity; a disgraceful
action or deed.

✔✔stipulation - ✔✔A negotiated agreement between the attorneys for the Division of
Real Estate and the attorney for the subject of an administrative complaint is referred to
as

✔✔Notice of noncompliance - ✔✔Issued by the DBPR in the case of a minor rule
violation that does not endanger the public health, safety, and welfare.

✔✔Steering - ✔✔Channeling prospective buyers or tenants to particular neighborhoods
based upon their race, religion, national origin, or ancestry.

✔✔Blockbusting - ✔✔Illegal practice of inducing homeowners to sell their properties by
telling them that a certain people of a certain race, national origin or religion are moving
into the area

✔✔Redlining - ✔✔A process by which banks draw lines on a map and refuse to lend
money to purchase or improve property within the boundaries.

✔✔real estate - ✔✔Land, plus all things permanently attached to it naturally or artificially

✔✔Joint Tenancy - ✔✔The joint ownership of property by two or more co-owners in
which each co-owner owns an undivided portion of the property. On the death of one of
the joint tenants, his or her interest automatically passes to the surviving joint tenants.

✔✔Right of Survivorship - ✔✔Upon the death of a joint tenant or tenant by the entirety
the interest does not pass to the tenant's heirs but to the other join tenant(s).

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