Texas Real Estate Exam Questions with Correct Answers 100% Verified By Experts| Latest
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What legally obligates the buyer to pay the broker's fee?
The contract
The legal rights of fiduciary duty
The exclusive right to represent
The broker protection clause The broker protection clause
According to the EPA, real property, the expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a hazardous substance, pollutant, or
contaminant is called:
Natural hazard zones
Stigmatized zones
Brownfields
Hazardous zones Brownfields
When calculating a gross monthly rent multiplier, this is done by:
Dividing the fair market value of the property by the gross monthly rental income
Dividing the fair market value by 12
Multiplying the gross monthly rental income by the fair market value
Multiplying the gross monthly rental income by 12 and then dividing by the fair market value
Dividing the fair market value of the property by the gross monthly rental income
Cash is often referred to as a:
,Bank note
Solid asset
Liquid asset
Negotiable asset Liquid asset
Police power in regards to real property includes all of the following except:
Building Codes
Setbacks
Zoning
Eminent Domain Eminent domain
Conventional loans differ from FHA loans in that:
FHA loans always allow a deficiency judgement
Conventional loans always allow a deficiency judgement
Conventional loans are easier to obtain
FHA loans typically have higher interest rates than conventional loans Conventional loans
always allow a deficiency judgement
A real estate syndicate that has at least 100 investors and is organized under federal law is
called:
A real estate investment brokerage
A real property brokerage
A real estate conglomerate
A real estate investment trust A real estate investment trust
, If a company or individual has ownership of a mortgage and then transfers ownership to
another company or individual, this is called a(n):
Delegation
Allotment
Transferral
Assignment Assignment
If a tenant has been defiantly not paying the required rent to the landlord, the landlord has the
right to:
Harass the tenant with phone calls day and night
Personally evict the tenant
Bring court action
Change the locks Bring court action
A commitment from a lender to the borrower or other mortgage originator guaranteeing a
specific rate for a specific time at a specific cost is called:
Locked Terms
Fixed Rate
Rate Lock
Fixed Terms Rate lock
The Texas Real Estate Commission has the authority to ________________ but not
_________________ of real estate law in Texas.
Enact the rules and regulations, write the rules and regulations
Update Guaranteed Success
What legally obligates the buyer to pay the broker's fee?
The contract
The legal rights of fiduciary duty
The exclusive right to represent
The broker protection clause The broker protection clause
According to the EPA, real property, the expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a hazardous substance, pollutant, or
contaminant is called:
Natural hazard zones
Stigmatized zones
Brownfields
Hazardous zones Brownfields
When calculating a gross monthly rent multiplier, this is done by:
Dividing the fair market value of the property by the gross monthly rental income
Dividing the fair market value by 12
Multiplying the gross monthly rental income by the fair market value
Multiplying the gross monthly rental income by 12 and then dividing by the fair market value
Dividing the fair market value of the property by the gross monthly rental income
Cash is often referred to as a:
,Bank note
Solid asset
Liquid asset
Negotiable asset Liquid asset
Police power in regards to real property includes all of the following except:
Building Codes
Setbacks
Zoning
Eminent Domain Eminent domain
Conventional loans differ from FHA loans in that:
FHA loans always allow a deficiency judgement
Conventional loans always allow a deficiency judgement
Conventional loans are easier to obtain
FHA loans typically have higher interest rates than conventional loans Conventional loans
always allow a deficiency judgement
A real estate syndicate that has at least 100 investors and is organized under federal law is
called:
A real estate investment brokerage
A real property brokerage
A real estate conglomerate
A real estate investment trust A real estate investment trust
, If a company or individual has ownership of a mortgage and then transfers ownership to
another company or individual, this is called a(n):
Delegation
Allotment
Transferral
Assignment Assignment
If a tenant has been defiantly not paying the required rent to the landlord, the landlord has the
right to:
Harass the tenant with phone calls day and night
Personally evict the tenant
Bring court action
Change the locks Bring court action
A commitment from a lender to the borrower or other mortgage originator guaranteeing a
specific rate for a specific time at a specific cost is called:
Locked Terms
Fixed Rate
Rate Lock
Fixed Terms Rate lock
The Texas Real Estate Commission has the authority to ________________ but not
_________________ of real estate law in Texas.
Enact the rules and regulations, write the rules and regulations
