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REALESTATEU TEXAS REAL ESTATE PRINCIPLES PART 1 COMPREHENSIVE REVIEW 2026 SOLVED QUESTIONS ACCURATE ANSWERS

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REALESTATEU TEXAS REAL ESTATE PRINCIPLES PART 1 COMPREHENSIVE REVIEW 2026 SOLVED QUESTIONS ACCURATE ANSWERS

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REALESTATEU TEXAS REAL ESTATE
PRINCIPLES PART 1 COMPREHENSIVE
REVIEW 2026 SOLVED QUESTIONS
ACCURATE ANSWERS


◉ What is the maximum amount that the Commission will pay from
the real estate recovery trust account for claims against any one
license holder, until the account has been repaid in full by the license
holder? Answer: $100,000


◉ Which is owned by the tenant? Answer: a trade fixture


◉ Which of the following terms refers not only to the surface of the
earth but also below to the center of the earth, above to infinity, and
natural things permanently attached but does NOT refer to artificial
things permanently attached? Answer: land


◉ If the court learns that the seller placed a sign that said "Not
Included" on the stove every time a buyer looked at the property, the
court will consider which of the following in determining whether
the stove is a fixture, absent a written agreement? Answer: Intention
of the parties

, ◉ What type of estate is complete ownership and exists for an
unlimited time? Answer: fee simple


◉ If a condition of ownership is violated, title to the subject property
automatically reverts to the original owner in Answer: a
determinable fee estate


◉ An urban homestead is limited to a lot or lots NOT to exceed how
many acres? Answer: 10


◉ The method used to describe real estate by distance, direction,
and boundaries is Answer: metes-and-bounds method


◉ Which equals one square mile or 640 acres? Answer: section


◉ Under the federal Fair Housing Act, real estate organizations, such
as multiple listing services, may NOT do which because someone is
in a protected group? Answer: refuse membership or put conditions
on participation


◉ Which aspect of the Canons of Professional Ethics and Conduct
requires the broker or sales agent to be informed on market
conditions and national, state, and local developments affecting the
real estate business? Answer: competency.

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