Texas Real Estate National Exam Test Prep Multiple Choice
rep (From Pearson VUE and & Champions National Exam Prep)
Most Recent Exam 2026 | Actual Comprehensive Real Exam
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A landlord leased space in his new retail property to an inexperienced
businessperson. Based on location and the type of business, the
landlord believes it will be a great success. What type of lease can he
enter into with the tenant that will allow the landlord to benefit from
the tenant's success?
a. a percentage lease
b. a net lease
c. a gross lease
d. a sale and leaseback
ANSWERS: A
A buyer has purchased a property and after closing the seller will continue
to occupy the property. This is an example of:
a. subletting
b. assignment
c. sale and leaseback
d. a ground lease
ANSWERS: C
,Your clients will be able to qualify for financing for a property they wish to
purchase in about six months, after they have had an opportunity to
reduce their consumer debt. They have found a property that they
would like to purchase now. What type of agreement can they enter
into
with a seller that will allow them to occupy the property now and
purchase it within the six months?
a. sale and leaseback
b. right of first refusal
c. lease with an option to buy
d. graduated lease
ANSWERS: C
Tenants have signed a 3-year lease on a property. In the second year the
owner dies and his heirs inherit the property. They give the tenants
notice to vacate.
What is true?
a. the tenants can stay until the end of the lease
b. the tenants have to move if the new owners give
them 30 days notice
c. the tenants must move immediately
d. the tenants can stay until the new owner has them evicted
ANSWERS: A
,A developer decides to build a commercial property in the middle of a
residential subdivision. What is required?
a. approval from surrounding property owners
b. a variance
c. a non-conforming use designation
d. this would violate deed restrictions and cannot be done
ANSWERS: B
A zoning ordinance would affect which of the following?
a. a buffer zone
b. traffic at certain hours of the day
c. the concentration of housing in a residential area
d. the style and appearance of construction
ANSWERS: C
If a person dies without a will, who receives their estate:
a. spouse and children
b. siblings
c. escheat to state
d. parents
ANSWERS: A
, What are the requirements/criteria for real estate to have value?
a. Demand, Utility, Scarcity, Transferability
b. Demand, Utility, Supply, Taxability
c. Demand, Usury, Scarcity, Taxability
d. Deed, Usury, Supply, Transferability
ANSWERS: A
What principle of value defines the most important factor for appraisal?
a. Conformity
b. Competition
c. Highest and Best Use
d. Substitution
ANSWERS: C
What approach would an appraiser most likely use to value a residential
rent house in a neighborhood where a majority of the homes are
leased?
a. market data approach
b. GRM
c. cost approach
d. income approach
ANSWERS: D
rep (From Pearson VUE and & Champions National Exam Prep)
Most Recent Exam 2026 | Actual Comprehensive Real Exam
Questions With 100% Correct Answers | Verified Answers |
Already Graded A+ | Guaranteed Success!!!
A landlord leased space in his new retail property to an inexperienced
businessperson. Based on location and the type of business, the
landlord believes it will be a great success. What type of lease can he
enter into with the tenant that will allow the landlord to benefit from
the tenant's success?
a. a percentage lease
b. a net lease
c. a gross lease
d. a sale and leaseback
ANSWERS: A
A buyer has purchased a property and after closing the seller will continue
to occupy the property. This is an example of:
a. subletting
b. assignment
c. sale and leaseback
d. a ground lease
ANSWERS: C
,Your clients will be able to qualify for financing for a property they wish to
purchase in about six months, after they have had an opportunity to
reduce their consumer debt. They have found a property that they
would like to purchase now. What type of agreement can they enter
into
with a seller that will allow them to occupy the property now and
purchase it within the six months?
a. sale and leaseback
b. right of first refusal
c. lease with an option to buy
d. graduated lease
ANSWERS: C
Tenants have signed a 3-year lease on a property. In the second year the
owner dies and his heirs inherit the property. They give the tenants
notice to vacate.
What is true?
a. the tenants can stay until the end of the lease
b. the tenants have to move if the new owners give
them 30 days notice
c. the tenants must move immediately
d. the tenants can stay until the new owner has them evicted
ANSWERS: A
,A developer decides to build a commercial property in the middle of a
residential subdivision. What is required?
a. approval from surrounding property owners
b. a variance
c. a non-conforming use designation
d. this would violate deed restrictions and cannot be done
ANSWERS: B
A zoning ordinance would affect which of the following?
a. a buffer zone
b. traffic at certain hours of the day
c. the concentration of housing in a residential area
d. the style and appearance of construction
ANSWERS: C
If a person dies without a will, who receives their estate:
a. spouse and children
b. siblings
c. escheat to state
d. parents
ANSWERS: A
, What are the requirements/criteria for real estate to have value?
a. Demand, Utility, Scarcity, Transferability
b. Demand, Utility, Supply, Taxability
c. Demand, Usury, Scarcity, Taxability
d. Deed, Usury, Supply, Transferability
ANSWERS: A
What principle of value defines the most important factor for appraisal?
a. Conformity
b. Competition
c. Highest and Best Use
d. Substitution
ANSWERS: C
What approach would an appraiser most likely use to value a residential
rent house in a neighborhood where a majority of the homes are
leased?
a. market data approach
b. GRM
c. cost approach
d. income approach
ANSWERS: D
