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Exam (elaborations)

Texas Real Estate Principles I – RELE-1401 – 100 Exam Questions on TRELA, Contracts, and Property Law

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This document contains 100 exam-style questions and accurate answers based on the Texas Real Estate Principles I (RELE-1401) course, aligned with the 2025/2026 licensing standards set by the Texas Real Estate Commission (TREC) and the Texas Real Estate License Act (TRELA). It provides a focused and reliable resource for students and candidates preparing for the Texas Real Estate Sales Agent Exam. Key topics include: – TREC and TRELA regulations – Agency relationships and disclosure requirements – Brokerage responsibilities and licensing laws – Contract types and components (bilateral, unilateral, executed, executory) – Promulgated forms and amendments – Property ownership rights and homestead laws – Finance, lending practices, redlining, and community reinvestment – Legal doctrines such as the Four Corners Doctrine – Land use classifications (urban/rural) and homestead protections Each definition or concept is followed by a concise and correct answer, designed for quick memorization, exam drills, and concept reinforcement. The format suits both self-paced learners and those in structured coursework environments. This material is particularly useful for: – Students of RELE-1401 or real estate degree programs – Sales agent license candidates in Texas – Vocational real estate training programs – Online licensing courses and pre-licensing education – Career switchers entering the Texas real estate field It offers full coverage of core real estate principles essential for state certification and professional practice in Texas. Keywords: Texas real estate exam, RELE-1401, TREC, TRELA, real estate contracts Texas, property law Texas, real estate license Texas, agency disclosure, Texas homestead law, exam prep real estate, promulgated contracts, real estate definitions Texas, real estate practice exam

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Uploaded on
January 2, 2026
Number of pages
8
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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Aceable Agent Texas Real Estate
Principles I 2025/2026 Exam Questions
with 100% Correct Answers | Latest
Update



Broker's Price Opinion (BPO) - 🧠 ANSWER ✔✔A broker's price opinion is

the process used by a hired sales agent to determine the potential selling

price or estimated value of a real estate property


Closing - 🧠 ANSWER ✔✔The completion of a real estate transaction in

which the buyer receives ownership and the seller receives the contract

amount

, Comparative Market Analysis (CMA) - 🧠 ANSWER ✔✔A report comparing

the prices of sold homes that are similar to the subject property (called

comparables), created by a license holder to help the seller or buyer

determine the market value


Seller's Market - 🧠 ANSWER ✔✔a market condition in which the number of

properties for sale does not meet the demand (number of people looking to

buy)


Buyer's Market - 🧠 ANSWER ✔✔relatively low demand for real estate in the

area (it will take 6 months or more to sell a house)


Agent - 🧠 ANSWER ✔✔A person who acts on behalf of someone else


Seller's Disclosure Notice - 🧠 ANSWER ✔✔A document filled out by the

seller concerning any defects in the improvements on the property


Subagent - 🧠 ANSWER ✔✔A license holder from one office who represents

the seller through cooperation with the listing broker of another company


Material Fact - 🧠 ANSWER ✔✔Any fact that is significant or essential to the

transaction

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