Texas Principles of Real Estate I Final Exam 2025: Practice Tests & Study Guide

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TEXAS PRINCIPLES OF REAL ESTATE I FINAL EXAMS |

QUESTIONS AND VERIFIED ANSWERS | GRADE A |

2025 UPDATES STUDY BUNDLE WITH COMPLETE

SOLUTIONS | 100% GUARANTEED

By law, which of the following people is required to have a real

estate license? .....ANSWER.....Serena helping her cousin sell her

home for a percentage of the sale

The Texas Occupations Code houses: .....ANSWER.....the Texas

Real Estate License Act (TRELA)

Industrial Real Estate does NOT include: .....ANSWER.....a triplex

What would be considered an embalmment? .....ANSWER.....and

plants that are cultivated and harvested

Which of the following is NOT an ownership right?

.....ANSWER.....Easements

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-Ownership rights include surface rights, subsurface rights, water

rights, and air rights

Real Property does NOT include: .....ANSWER.....vehicles on the

property

What is the difference between land and real estate?

.....ANSWER.....Land is a tract of earth plus the resources above

and below; real estate is land plus human-made improvements

Which of these best describes a CLUE report? .....ANSWER.....A

report that identifies any insurance claims made on a parcel of

real estate in the past five years.

Homeowners insurance policies are usually paid .....ANSWER.....in

advance

What is TRUE about capital gains in taxes? .....ANSWER.....They

are taxes on the profit a person makes when they sell their

principal residence

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What do Texas homestead rights do? .....ANSWER.....protect the

home from creditors that do not have specific or tax liens

Which of the below is true regarding condominiums and

cooperatives? .....ANSWER.....A condo owner owns a unit, and a

co-op owner owns stock in a corporation

Which one of the following actions is NOT likely to be a violation

of the Deceptive Trade Practices- Consumer Protection Act?

.....ANSWER.....providing a list of inspectors, plumbers,

electricians, or other professionals to assist your seller client

What is the definition of an unconscionable action?

.....ANSWER.....to take advantage of the lack of knowledge,

ability, experience, or capacity of a person to a grossly unfair

degree

Agent Owen entered into an agency relationship with Neave,

who wants to sell her home. In this scenario, Neave is the:

.....ANSWER.....principal

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Which of the following is a requirement in disclosing agency?

.....ANSWER.....Agents must give the written IABS notice at the

first substantive discussion about a specific property

An elderly couple is going to rent their vacant basement for

extra income. The couple does not want a family with children.

The couple asks their granddaughter, who is a real estate agent,

to help them with finding tenants.

Is this legal? Why or why not? .....ANSWER.....No, the couple is

not allowed to discriminate against families with children if they

are helped by their granddaughter because she is a license

holder.

Landlords are required to allow tenants to make modifications to

their property in order to accommodate their disability. Who is

responsible for paying for these modifications?

.....ANSWER.....The tenant