Real Estate Course 1 Practice Exam - Aceable Agent
EXAM 2026-2027 LATEST VERSION QUESTIONS AND
VERIFIED CORRECT ANSWERS JUST RELEASED
In what kind of contract is only one of the parties obligated to perform? -
answer>>>Unilateral
What is personal property? - answer>>>an unattached, moveable asset. As such,
before the tile is installed, the tile would be considered personal property.
What is the goal of the Equal Credit Opportunity Act (ECOA)? - answer>>>to prevent
lending discrimination
Which of these scenarios does NOT violate fair housing law? - answer>>>An agent
advertises a senior citizen community with the phrase "no children allowed"
An agreement that gives one broker and the owner the right to sell the property is
called a(n): - answer>>>exclusive agency listing
What is an exclusive right-to-sell listing agreement? - answer>>>An agreement in
which the seller allows only one broker to sell the property and guarantees the
named broker receives a commission if the property is sold, regardless of who brings
the buyer. In this type of agreement, the owner does not retain the right to sell the
property.
What is an exclusive agency listing agreement? - answer>>>An agreement between
a broker and an owner in which the owner retains the right to sell the property while
giving the exclusive right to one broker to sell the property.
, -
All partners assume unlimited personal liability in what type of business
organization? - answer>>>general partnership
Who is eligible to apply for a Texas real estate license? - answer>>>Someone over
18, a Texas resident, and legally able to work in the US.
A member of NAR is called a(n): - answer>>>REALTOR®
What is a fixture? - answer>>>an object that formerly was personal property but has
become real property
According to Article 12 of the NAR Code of Ethics, where is one place that NAR
members must include the word "Realtor"? - answer>>>in any ad copy they create
If a court-ordered judgment goes against a license holder who cannot pay it, what
recourse does the aggrieved party have? - answer>>>the court will award the funds
and the aggrieved party will then apply to the Real Estate Commission for
restitution.
Stealing a client away from another license holder is: - answer>>>grounds for losing
your license
What is easement? - answer>>>a right to use or cross someone else's land for a
specific purpose
"Coles Oak Grove subdivision, Block 636, Lot 8, Dallas County, Texas" is an example
of which type of legal description? - answer>>>Lot and block
EXAM 2026-2027 LATEST VERSION QUESTIONS AND
VERIFIED CORRECT ANSWERS JUST RELEASED
In what kind of contract is only one of the parties obligated to perform? -
answer>>>Unilateral
What is personal property? - answer>>>an unattached, moveable asset. As such,
before the tile is installed, the tile would be considered personal property.
What is the goal of the Equal Credit Opportunity Act (ECOA)? - answer>>>to prevent
lending discrimination
Which of these scenarios does NOT violate fair housing law? - answer>>>An agent
advertises a senior citizen community with the phrase "no children allowed"
An agreement that gives one broker and the owner the right to sell the property is
called a(n): - answer>>>exclusive agency listing
What is an exclusive right-to-sell listing agreement? - answer>>>An agreement in
which the seller allows only one broker to sell the property and guarantees the
named broker receives a commission if the property is sold, regardless of who brings
the buyer. In this type of agreement, the owner does not retain the right to sell the
property.
What is an exclusive agency listing agreement? - answer>>>An agreement between
a broker and an owner in which the owner retains the right to sell the property while
giving the exclusive right to one broker to sell the property.
, -
All partners assume unlimited personal liability in what type of business
organization? - answer>>>general partnership
Who is eligible to apply for a Texas real estate license? - answer>>>Someone over
18, a Texas resident, and legally able to work in the US.
A member of NAR is called a(n): - answer>>>REALTOR®
What is a fixture? - answer>>>an object that formerly was personal property but has
become real property
According to Article 12 of the NAR Code of Ethics, where is one place that NAR
members must include the word "Realtor"? - answer>>>in any ad copy they create
If a court-ordered judgment goes against a license holder who cannot pay it, what
recourse does the aggrieved party have? - answer>>>the court will award the funds
and the aggrieved party will then apply to the Real Estate Commission for
restitution.
Stealing a client away from another license holder is: - answer>>>grounds for losing
your license
What is easement? - answer>>>a right to use or cross someone else's land for a
specific purpose
"Coles Oak Grove subdivision, Block 636, Lot 8, Dallas County, Texas" is an example
of which type of legal description? - answer>>>Lot and block
