Page |1
Principles of Real Estate 1 Questions and
Correct Answers/ Latest Update / Already
Graded
A sales agent or broker associate may perform duties as a real estate
licensee under what circumstance?
Ans: While associated with and supervised by a broker.
What is the name of the part of the beach that is privately owned?
Ans: Dry beach.
Real estate law covers general property law, real estate license law, the
law of contracts, landlord/tenant law, consumer protection, and:
Ans: The law of agency
Which entity is charged with administering the laws of TRELA?
Ans: The Texas Real Estate Commission
What is the most common homeowners policy?
Ans: The HO-B Policy
All rights reserved © 2025/ 2026 |
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Which of the following is a right included with real property?
Ans: Exclusion
Which keyword can be used to describe real property?
Ans: Built-in. Built-in would describe real property that is
permanently affixed to the property.
Once signed, the listing agreement is a legally binding contract
between:
Ans: The listing broker and the seller.
What is considered a passing grade for the state licensing exam for a
real estate professional who is seeking a brokers license?
Ans: A 75% or greater.
Land, plus all things permanently attached to it naturally or artificially
is:
Ans: Real estate
The exemption to the Fair Housing Act that would normally apply that
is moot when a real estate agent represents :
All rights reserved © 2025/ 2026 |
, Page |3
Ans: Owner occupied buildings with no more than four u nits.
Sally Mae is a real estate licensee who would like to become a realtor,
what must she do?
Ans: Become a member of the NAR
What agency enforces fair housing laws?
Ans: FHEO. The Fair Housing and Equal Opportunity
administers and enforces fair housing laws.
Which type of anti-trust violation involves two or more businesses
conspiring against another?
Ans: Group boycotting
This type of housing is not considered real property:
Ans: Cooperative
When a fair housing complaint is received, how long does TWCCRD
have to begin investigating and attempt to resolve the issue?
Ans: 100 days. Once the complaint is received the TWCCRD has
100 days.
All rights reserved © 2025/ 2026 |
, Page |4
What does it mean when the buyer signs and dates the sellers
disclosure notice?
Ans: The buyer is acknowledging receipt of the disclosure.
When a business is organized as a partnership,
Ans: General partners are jointly and severally respo nsible for
all business debts.
The payment of commission to a non-licensed individual for brokerage
services is:
Ans: Illegally only if the person is not exempt from licensing
law. Individuals who are exempt from licensing law (Such as
attorneys) may receive commissions for providing brokerage
services.
What type of a lien is a specific lien?
Ans: Real property tax lien
In terms of encumbrances, what is a license?
Ans: Permission without possession, interest or ownership.
All rights reserved © 2025/ 2026 |
Principles of Real Estate 1 Questions and
Correct Answers/ Latest Update / Already
Graded
A sales agent or broker associate may perform duties as a real estate
licensee under what circumstance?
Ans: While associated with and supervised by a broker.
What is the name of the part of the beach that is privately owned?
Ans: Dry beach.
Real estate law covers general property law, real estate license law, the
law of contracts, landlord/tenant law, consumer protection, and:
Ans: The law of agency
Which entity is charged with administering the laws of TRELA?
Ans: The Texas Real Estate Commission
What is the most common homeowners policy?
Ans: The HO-B Policy
All rights reserved © 2025/ 2026 |
, Page |2
Which of the following is a right included with real property?
Ans: Exclusion
Which keyword can be used to describe real property?
Ans: Built-in. Built-in would describe real property that is
permanently affixed to the property.
Once signed, the listing agreement is a legally binding contract
between:
Ans: The listing broker and the seller.
What is considered a passing grade for the state licensing exam for a
real estate professional who is seeking a brokers license?
Ans: A 75% or greater.
Land, plus all things permanently attached to it naturally or artificially
is:
Ans: Real estate
The exemption to the Fair Housing Act that would normally apply that
is moot when a real estate agent represents :
All rights reserved © 2025/ 2026 |
, Page |3
Ans: Owner occupied buildings with no more than four u nits.
Sally Mae is a real estate licensee who would like to become a realtor,
what must she do?
Ans: Become a member of the NAR
What agency enforces fair housing laws?
Ans: FHEO. The Fair Housing and Equal Opportunity
administers and enforces fair housing laws.
Which type of anti-trust violation involves two or more businesses
conspiring against another?
Ans: Group boycotting
This type of housing is not considered real property:
Ans: Cooperative
When a fair housing complaint is received, how long does TWCCRD
have to begin investigating and attempt to resolve the issue?
Ans: 100 days. Once the complaint is received the TWCCRD has
100 days.
All rights reserved © 2025/ 2026 |
, Page |4
What does it mean when the buyer signs and dates the sellers
disclosure notice?
Ans: The buyer is acknowledging receipt of the disclosure.
When a business is organized as a partnership,
Ans: General partners are jointly and severally respo nsible for
all business debts.
The payment of commission to a non-licensed individual for brokerage
services is:
Ans: Illegally only if the person is not exempt from licensing
law. Individuals who are exempt from licensing law (Such as
attorneys) may receive commissions for providing brokerage
services.
What type of a lien is a specific lien?
Ans: Real property tax lien
In terms of encumbrances, what is a license?
Ans: Permission without possession, interest or ownership.
All rights reserved © 2025/ 2026 |
