aypo real estate 1 Exam Questions and Answers Grade A+
one of the most powerful elements of the deceptive trade practices consumer
protection act is its mandate to award which one? - Answer-Attorney's fees
the party possessing an encumbrance on another partys property has a
__________ that property. - Answer-all of these are correct
- Answer-the entity that wants to take your property must notify you that it wants
to take your property
a contraction or generally slowing down of the economy is called which one? -
Answer-recession
which of the following is considered an anti practice by the u.s. department of
justice? - Answer-refusing to let non realtors access the mls
a contract must have a legal purpose in order to be? - Answer-enforceable
the commision shall maintain a real estate recovery trust account to reimburse
aggrieved persons who cause actual damages caused by an act described by
section m01 602committed by? - Answer-any of these
a manufactured home can be considered real property under which of the
following? - Answer-all of the anwseres are correct
modifiations in real estate are also refered to as? - Answer-improvements
what defines a condominium is: - Answer-the form of ownership
- Answer-non exclusive right to sell listings
the rule of capture states that the landowner has the right to do what in relation
to groundwater? - Answer-pump as much groundwater as they choose without
holding them liable for damage to others through their usage
who is the person or business entity recieving an offer? - Answer-the offeree
how much money can a first time homebuyer draw from their own ira without tax
penalty for the purchase? - Answer-$10,000
, which one of these is not the live cannons of ethics? - Answer-cooperation
a licensee is liable for a misrepresentation or a concealment of a material fact
made by a party to a real estate transaction? - Answer-all of these
tx courts define "unconscionable" as what? - Answer-the act of taking advantage
of another who is less sophisticated and less informed.
the following information is generally inclued in a listing agreement ? - Answer-all
of these are correct
mrs.murphys exemption does not allow for? - Answer-racial discrimination
- Answer-prescribe the title, content, and duration of continuing education
courses that a license holder must attend to renew a license
what is the difference between a class c corp and a class s? - Answer-not the
anwser- class s corps can only have a maximum of five board members.
- Answer-land
what are limited service brokers in the TX real estate industry? - Answer-brokers
who, for a flat fee, will post info onto the mls but do not represent the seller in
any other capacity.
according to section 1101.159, the commission must ensure that the public is able
to interact with the commission in which one? - Answer-on the internet
which of these is not associated with metes and bounds measurements? -
Answer-statues
the texas fair housing act also prescribes how complaints will be brought and
enforced? - Answer-any of these methods
in the rectangular survey system, what are straight, imaginary lines running north
and south and parallel to a principal meridian? - Answer-range lines
the texas defeinition of consumer goods inculdes just about everything except? -
Answer-intangibles like stocks
one of the most powerful elements of the deceptive trade practices consumer
protection act is its mandate to award which one? - Answer-Attorney's fees
the party possessing an encumbrance on another partys property has a
__________ that property. - Answer-all of these are correct
- Answer-the entity that wants to take your property must notify you that it wants
to take your property
a contraction or generally slowing down of the economy is called which one? -
Answer-recession
which of the following is considered an anti practice by the u.s. department of
justice? - Answer-refusing to let non realtors access the mls
a contract must have a legal purpose in order to be? - Answer-enforceable
the commision shall maintain a real estate recovery trust account to reimburse
aggrieved persons who cause actual damages caused by an act described by
section m01 602committed by? - Answer-any of these
a manufactured home can be considered real property under which of the
following? - Answer-all of the anwseres are correct
modifiations in real estate are also refered to as? - Answer-improvements
what defines a condominium is: - Answer-the form of ownership
- Answer-non exclusive right to sell listings
the rule of capture states that the landowner has the right to do what in relation
to groundwater? - Answer-pump as much groundwater as they choose without
holding them liable for damage to others through their usage
who is the person or business entity recieving an offer? - Answer-the offeree
how much money can a first time homebuyer draw from their own ira without tax
penalty for the purchase? - Answer-$10,000
, which one of these is not the live cannons of ethics? - Answer-cooperation
a licensee is liable for a misrepresentation or a concealment of a material fact
made by a party to a real estate transaction? - Answer-all of these
tx courts define "unconscionable" as what? - Answer-the act of taking advantage
of another who is less sophisticated and less informed.
the following information is generally inclued in a listing agreement ? - Answer-all
of these are correct
mrs.murphys exemption does not allow for? - Answer-racial discrimination
- Answer-prescribe the title, content, and duration of continuing education
courses that a license holder must attend to renew a license
what is the difference between a class c corp and a class s? - Answer-not the
anwser- class s corps can only have a maximum of five board members.
- Answer-land
what are limited service brokers in the TX real estate industry? - Answer-brokers
who, for a flat fee, will post info onto the mls but do not represent the seller in
any other capacity.
according to section 1101.159, the commission must ensure that the public is able
to interact with the commission in which one? - Answer-on the internet
which of these is not associated with metes and bounds measurements? -
Answer-statues
the texas fair housing act also prescribes how complaints will be brought and
enforced? - Answer-any of these methods
in the rectangular survey system, what are straight, imaginary lines running north
and south and parallel to a principal meridian? - Answer-range lines
the texas defeinition of consumer goods inculdes just about everything except? -
Answer-intangibles like stocks
