REALESTATEU - TEXAS PRINCIPLES OF
REAL ESTATE - PART 1 EXAM
QUESTIONS AND ANSWERS. VERIFIED
2026.
Salesperson's Sponsoring Broker - ANS a real estate salesperson closes on a transaction, who
pays the salespersons commission?
General Agent - ANS An agent with full authority over one property of the principle. EX:
Property Manager.
Supply - ANS Te amount of goods offered for sale within a given market at a given price
during a given period.
Specific Agent - ANS Agent with limited authority to act on behalf of the principal, such as a
listing. EX real estate agent.
Market Comparison Approach - ANS A means of comparing similar type properties, which
have recently sold, to the subject property. Commonly used in comparing residential properties.
General Uses of Real Property - ANS 1. Residential, Commercial, & Industrial.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Principal - ANS The employer of an agent; one of the main parties in a real estate transaction,
such as a buyer, borrower, seller, or lessor.
Commercial Property - ANS Properties with 5 or more dwelling units. Property that produces
rental income or that is used in business
Personal Property - ANS All property that isn't land & not permanently attached to land.
(MOVABLE)
Which of the following is considered a legal test for determining if an item is a fixture or not...? -
ANS Intention of the parties, adaption of the item, & Mode and permanence of how the item
was attached
The transfer of personal property is typically done using a...? - ANS Bill of Sale
Mineral rights are typically considered dominant to which of the following rights...? -
ANS Surface rights
Mobile homes not permanently attached to the land are generally considered...? -
ANS Personal Property
Which of the following is an advantage to owning a home...? - ANS Tax benefits
Pride of ownership
Potential for asset appreciation
Which of the following is NOT a form of real property...? - ANS Cooperative
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
REAL ESTATE - PART 1 EXAM
QUESTIONS AND ANSWERS. VERIFIED
2026.
Salesperson's Sponsoring Broker - ANS a real estate salesperson closes on a transaction, who
pays the salespersons commission?
General Agent - ANS An agent with full authority over one property of the principle. EX:
Property Manager.
Supply - ANS Te amount of goods offered for sale within a given market at a given price
during a given period.
Specific Agent - ANS Agent with limited authority to act on behalf of the principal, such as a
listing. EX real estate agent.
Market Comparison Approach - ANS A means of comparing similar type properties, which
have recently sold, to the subject property. Commonly used in comparing residential properties.
General Uses of Real Property - ANS 1. Residential, Commercial, & Industrial.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Principal - ANS The employer of an agent; one of the main parties in a real estate transaction,
such as a buyer, borrower, seller, or lessor.
Commercial Property - ANS Properties with 5 or more dwelling units. Property that produces
rental income or that is used in business
Personal Property - ANS All property that isn't land & not permanently attached to land.
(MOVABLE)
Which of the following is considered a legal test for determining if an item is a fixture or not...? -
ANS Intention of the parties, adaption of the item, & Mode and permanence of how the item
was attached
The transfer of personal property is typically done using a...? - ANS Bill of Sale
Mineral rights are typically considered dominant to which of the following rights...? -
ANS Surface rights
Mobile homes not permanently attached to the land are generally considered...? -
ANS Personal Property
Which of the following is an advantage to owning a home...? - ANS Tax benefits
Pride of ownership
Potential for asset appreciation
Which of the following is NOT a form of real property...? - ANS Cooperative
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
