Practice Test 2025/2026 Exam Questions
with 100% Correct Answers | Latest
Update
Severance - 🧠 ANSWER ✔✔turn real property into personal property
Voidable - 🧠 ANSWER ✔✔can be terminated or rescinded by either party
Real property refers to the land and improvements on it plus the set of
rights associated with real estate ownership. - 🧠 ANSWER ✔✔land, and
improvements on it plus the set of rights associated with real estate
ownership
Sponsoring Broker - 🧠 ANSWER ✔✔Sales agents accept commission from
, Counteroffer - 🧠 ANSWER ✔✔party makes changes to an offer and
represents the new offer
Uniqueness - 🧠 ANSWER ✔✔no two tracts of land are the same
Special Agency - 🧠 ANSWER ✔✔Broker signs listing agreement with seller
Lot and Block - 🧠 ANSWER ✔✔Plat, Oak Grove, Block 600, Lot 5, Dallas
County, TX
Fair Housing - 🧠 ANSWER ✔✔the Department of Housing and Urban
Development, commonly referred to as HUD, enforces the
What consequences could a broker suffer if a court concludes they
knowingly and intentionally conveyed incomplete or false information to a
customer? - 🧠 ANSWER ✔✔If they are found to be knowingly and
intentionally at fault, they may be punished with Treble damages for both
economic damages and mental anguish.
grounds for disciplinary action, including revocation or suspension of a
license, EXCEPT - 🧠 ANSWER ✔✔Asking buyers to provide their own
transportation to inspect a property