PRINCIPLES 1 REAL ESTATE COMPREHENSIVE
EXAM 2026 QUESTIONS AND SOLUTIONS
GRADED A+
◉ A broker in Texas who represents both the seller and the buyer in a
transaction with the written consent of both parties is a(n): Answer:
intermediary
◉ a homestead in Texas can be foreclosed on for nonpayment of:
Answer: an ad valorem tax lien
◉ A party to a transaction who is represented by a broker is: Answer: a
client
◉ ad valorem taxes: Answer: Are according to value, Create the highest
priority lien on real property, Are always paid first at a foreclosure sale
◉ Agency agreements such as listings and buyer representation
agreements: Answer: Are employment contracts, Should be in writing,
Establish the principal-client relationship
, ◉ all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
◉ All of the following methods of describing land qualify as legal
descriptions in a deed, EXCEPT: Answer: street address
◉ All of the following types of ownership can be defeated or terminated
if the owner violates conditions or terms in the deed, EXCEPT: Answer:
terminal fee
◉ All of the following violate the Texas Real Estate License Act,
EXCEPT: Answer: Disclosing all known facts pertaining to a property to
a client
◉ All of the following will create an agency relationship EXCEPT:
Answer: an IABS form
◉ All of these are factors which can affect insurance premiums,
EXCEPT: Answer: policyholder's age
◉ 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
◉ an easement can be terminated by: Answer: merger
EXAM 2026 QUESTIONS AND SOLUTIONS
GRADED A+
◉ A broker in Texas who represents both the seller and the buyer in a
transaction with the written consent of both parties is a(n): Answer:
intermediary
◉ a homestead in Texas can be foreclosed on for nonpayment of:
Answer: an ad valorem tax lien
◉ A party to a transaction who is represented by a broker is: Answer: a
client
◉ ad valorem taxes: Answer: Are according to value, Create the highest
priority lien on real property, Are always paid first at a foreclosure sale
◉ Agency agreements such as listings and buyer representation
agreements: Answer: Are employment contracts, Should be in writing,
Establish the principal-client relationship
, ◉ all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
◉ All of the following methods of describing land qualify as legal
descriptions in a deed, EXCEPT: Answer: street address
◉ All of the following types of ownership can be defeated or terminated
if the owner violates conditions or terms in the deed, EXCEPT: Answer:
terminal fee
◉ All of the following violate the Texas Real Estate License Act,
EXCEPT: Answer: Disclosing all known facts pertaining to a property to
a client
◉ All of the following will create an agency relationship EXCEPT:
Answer: an IABS form
◉ All of these are factors which can affect insurance premiums,
EXCEPT: Answer: policyholder's age
◉ 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
◉ an easement can be terminated by: Answer: merger
