PRINCIPLES OF REAL ESTATE TEST BANK ELITE
REVIEW WITH 100% CORRECT VERIFIED
SOLUTIONS
◉The aspect of the real estate business that is concerned with bringing
together the parties and completing the transactions is: Answer:
brokerage
◉An attorney from another state must have a Texas real estate license to
receive a commission for a real estate transaction in Texas. Answer: true
◉all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
◉ad valorem taxes: Answer: Are according to value, Create the highest
priority lien on real property, Are always paid first at a foreclosure sale
◉Which real estate contract is the exception to the Statute of Frauds?
Answer: a lease for one year or less
, ◉Factors that affect homeowners insurance premiums can include
which of the following? Answer: age and condition of the home,
location, the policyholder's claims history
◉Which of the following is required for a lot and block description of a
property? Answer: a recorded plat
◉integrity is best described as: Answer: The duty of a licensee to
employ prudence and caution so as to avoid misrepresentation in any
way
◉When a holdover tenant refuses to leave and is not paying rent his
interest in the property is called: Answer: tenancy at sufferance
◉steering is: Answer: Directing buyers to or away from a particular
neighborhood based on protected categories
◉crops are: Answer: emblements
◉when a Texas real estate licensee is in inactive status: Answer: he is
responsible for renewal fees
◉permanent additions to land are called: Answer: improvements
REVIEW WITH 100% CORRECT VERIFIED
SOLUTIONS
◉The aspect of the real estate business that is concerned with bringing
together the parties and completing the transactions is: Answer:
brokerage
◉An attorney from another state must have a Texas real estate license to
receive a commission for a real estate transaction in Texas. Answer: true
◉all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
◉ad valorem taxes: Answer: Are according to value, Create the highest
priority lien on real property, Are always paid first at a foreclosure sale
◉Which real estate contract is the exception to the Statute of Frauds?
Answer: a lease for one year or less
, ◉Factors that affect homeowners insurance premiums can include
which of the following? Answer: age and condition of the home,
location, the policyholder's claims history
◉Which of the following is required for a lot and block description of a
property? Answer: a recorded plat
◉integrity is best described as: Answer: The duty of a licensee to
employ prudence and caution so as to avoid misrepresentation in any
way
◉When a holdover tenant refuses to leave and is not paying rent his
interest in the property is called: Answer: tenancy at sufferance
◉steering is: Answer: Directing buyers to or away from a particular
neighborhood based on protected categories
◉crops are: Answer: emblements
◉when a Texas real estate licensee is in inactive status: Answer: he is
responsible for renewal fees
◉permanent additions to land are called: Answer: improvements
