REAL ESTATE LAW VERSIONS 2025
NEWEST EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) ||ALREADY
GRADED A+
1. The state laws of Texas are codified, and bound in volumes called _____.
(a) The United States Code Annotated
(b) The Texas Constitution
(c) Vernon's Annotated Texas Statutes
(d) The Texas Compendium of Laws - ANSWER ✓ c. Vernon's
Annotated Texas Statutes
2. What is a statute?
(a) a law created by a state legislature or by Congress
(b) a law created by a city or municipality
(c) a law created by court rulings
(d) a law created by a state or U.S. Supreme Court - ANSWER ✓ a. a law
created by a state legislature or by Congress
3. Which of the following is NOT a defense available to a defendant in a
DTPA case?
(a) The plaintiff is not a resident of the state of Texas.
(b) The consumer relied on written information from another source.
(c) The plaintiff purchased the property “as is.â€\x9D
(d) The statute of limitations expired. - ANSWER ✓ a. The plaintiff is
not a resident of the state of Texas
4. A consumer must give a provider of goods or services how many days notice
before filing a DTPA suit?
(a) 30
(b) 60
(c) 90
(d) 120 - ANSWER ✓ b. 60
,5. A broker can preclude the award of treble damages in a DTPA suit by
_____.
(a) ignoring the demand letter.
(b) hiring a lawyer within the 60-day notice period.
(c) counter-suing the plaintiff
(d) making a reasonable settlement offer within the 60-day notice period.
- ANSWER ✓ d. making a reasonable settlement offer within the 60-
day notice period
6. In a traditional real estate transaction, the _____ is represented by a _____,
with the property being sold to a _____.
(a) broker (agent) - buyer (customer) - seller (principal)
(b) buyer (customer) - seller (principal) - broker (agent)
(c) seller (principal) - buyer (customer) - broker (agent)
(d) seller (principal) - broker (agent) - buyer (customer) - ANSWER ✓ d.
seller (principal) - broker (agent) - buyer (customer)
7. The right to do certain acts on behalf of the principal even though the acts
may not have been specified in the contract is known as _________.
(a) Implied authority
(b) Express authority
(c) Special agency
(d) None of the above - ANSWER ✓ a. Implied authority
8. Declarations of the agent alone are not sufficient; it must be acts of the
principal that create apparent authority. Creation of agency through this type
of conduct has also been called _____.
(a) Agent by estoppel
(b) Agency by apparent authority
(c) Both a and b
(d) None of the above - ANSWER ✓ c. Both a and b
9. What type of agency occurs when an agent has an interest or estate in the
property as part or all of his/her compensation?
(a) Agency by ratification
(b) Agency coupled with an interest
(c) Special agency
(d) Ostensible agency - ANSWER ✓ b. Agency coupled with an interest
, 10.A(n) _____ is a charge on the property of a person for the payment or
discharge of a debt or duty owed by that person.
(a) Easement
(b) Lien
(c) Fixture
(d) Statute - ANSWER ✓ b. Lien
11.A lien that applies to all property owned by a debtor is a _____ lien.
(a) specific
(b) general
(c) realty
(d) personal - ANSWER ✓ b. general
12.A lien that attaches only to specific parcels of real estate is a _____.
(a) general
(b) specific
(c) realty
(d) personal - ANSWER ✓ b. specific
13.Which of the following documents is the actual promise to repay a loan
when funds are borrowed to purchase a property?
(a) Lien
(b) Deed of trust
(c) Mortgage
(d) Promissory note - ANSWER ✓ d. Promissory note
14.The borrower in a deed of trust is called the _____.
(a) Trustee
(b) Beneficiary
(c) Grantor
(d) Grantee - ANSWER ✓ c. Grantor
15.The most commonly used mortgage in Texas is a ____.
(a) regular mortgage
(b) deed of trust
(c) absolute deed
(d) trustee mortgage - ANSWER ✓ b. deed of trust
NEWEST EXAM COMPLETE QUESTIONS
WITH DETAILED VERIFIED ANSWERS
(100% CORRECT ANSWERS) ||ALREADY
GRADED A+
1. The state laws of Texas are codified, and bound in volumes called _____.
(a) The United States Code Annotated
(b) The Texas Constitution
(c) Vernon's Annotated Texas Statutes
(d) The Texas Compendium of Laws - ANSWER ✓ c. Vernon's
Annotated Texas Statutes
2. What is a statute?
(a) a law created by a state legislature or by Congress
(b) a law created by a city or municipality
(c) a law created by court rulings
(d) a law created by a state or U.S. Supreme Court - ANSWER ✓ a. a law
created by a state legislature or by Congress
3. Which of the following is NOT a defense available to a defendant in a
DTPA case?
(a) The plaintiff is not a resident of the state of Texas.
(b) The consumer relied on written information from another source.
(c) The plaintiff purchased the property “as is.â€\x9D
(d) The statute of limitations expired. - ANSWER ✓ a. The plaintiff is
not a resident of the state of Texas
4. A consumer must give a provider of goods or services how many days notice
before filing a DTPA suit?
(a) 30
(b) 60
(c) 90
(d) 120 - ANSWER ✓ b. 60
,5. A broker can preclude the award of treble damages in a DTPA suit by
_____.
(a) ignoring the demand letter.
(b) hiring a lawyer within the 60-day notice period.
(c) counter-suing the plaintiff
(d) making a reasonable settlement offer within the 60-day notice period.
- ANSWER ✓ d. making a reasonable settlement offer within the 60-
day notice period
6. In a traditional real estate transaction, the _____ is represented by a _____,
with the property being sold to a _____.
(a) broker (agent) - buyer (customer) - seller (principal)
(b) buyer (customer) - seller (principal) - broker (agent)
(c) seller (principal) - buyer (customer) - broker (agent)
(d) seller (principal) - broker (agent) - buyer (customer) - ANSWER ✓ d.
seller (principal) - broker (agent) - buyer (customer)
7. The right to do certain acts on behalf of the principal even though the acts
may not have been specified in the contract is known as _________.
(a) Implied authority
(b) Express authority
(c) Special agency
(d) None of the above - ANSWER ✓ a. Implied authority
8. Declarations of the agent alone are not sufficient; it must be acts of the
principal that create apparent authority. Creation of agency through this type
of conduct has also been called _____.
(a) Agent by estoppel
(b) Agency by apparent authority
(c) Both a and b
(d) None of the above - ANSWER ✓ c. Both a and b
9. What type of agency occurs when an agent has an interest or estate in the
property as part or all of his/her compensation?
(a) Agency by ratification
(b) Agency coupled with an interest
(c) Special agency
(d) Ostensible agency - ANSWER ✓ b. Agency coupled with an interest
, 10.A(n) _____ is a charge on the property of a person for the payment or
discharge of a debt or duty owed by that person.
(a) Easement
(b) Lien
(c) Fixture
(d) Statute - ANSWER ✓ b. Lien
11.A lien that applies to all property owned by a debtor is a _____ lien.
(a) specific
(b) general
(c) realty
(d) personal - ANSWER ✓ b. general
12.A lien that attaches only to specific parcels of real estate is a _____.
(a) general
(b) specific
(c) realty
(d) personal - ANSWER ✓ b. specific
13.Which of the following documents is the actual promise to repay a loan
when funds are borrowed to purchase a property?
(a) Lien
(b) Deed of trust
(c) Mortgage
(d) Promissory note - ANSWER ✓ d. Promissory note
14.The borrower in a deed of trust is called the _____.
(a) Trustee
(b) Beneficiary
(c) Grantor
(d) Grantee - ANSWER ✓ c. Grantor
15.The most commonly used mortgage in Texas is a ____.
(a) regular mortgage
(b) deed of trust
(c) absolute deed
(d) trustee mortgage - ANSWER ✓ b. deed of trust
