REALESTATEU TEXAS REAL ESTATE PRINCIPLES
PART 1 FINAL EXAM 2026 FULL QUESTION SET
WITH CORRECT RESPONSES
◉ A means of comparing similar type properties, which have
recently sold, to the subject property is known as the? Answer:
Market Comparison Approach
◉ The market comparison approach is commonly used for this
property type? Answer: Residential
◉ The amount of goods offered for sale within a given market at a
given price during a given time period is known as? Answer: Supply
◉ A real estate agent is an example of what type of agent? Answer:
Special agent
◉ A refrigerator is typically considered? Answer: Personal Property
◉ Mobile homes not permanently attached to the land are generally
considered? Answer: Personal Property
, ◉ Which of the following is considered a legal test for determining if
an item is a fixture or not? Answer: Mode and permanence of how
the item was attached
Adaptation of the item
Intention of the parties
All of the above
◉ The right of exclusion, which allows a landowner to prevent
others from entering or occupying their property, is included in the?
Answer: Bundle of rights
◉ Which of the following is an example of a fixture? Answer: Kitchen
cabinets
◉ Which of the following is an advantage to owning a home?
Answer: Potential for asset appreciation
Tax benefits
Pride of ownership
All of the above
◉ An individual who has not owned real property for at least the
previous two years is known as a? Answer: First-time homebuyer
PART 1 FINAL EXAM 2026 FULL QUESTION SET
WITH CORRECT RESPONSES
◉ A means of comparing similar type properties, which have
recently sold, to the subject property is known as the? Answer:
Market Comparison Approach
◉ The market comparison approach is commonly used for this
property type? Answer: Residential
◉ The amount of goods offered for sale within a given market at a
given price during a given time period is known as? Answer: Supply
◉ A real estate agent is an example of what type of agent? Answer:
Special agent
◉ A refrigerator is typically considered? Answer: Personal Property
◉ Mobile homes not permanently attached to the land are generally
considered? Answer: Personal Property
, ◉ Which of the following is considered a legal test for determining if
an item is a fixture or not? Answer: Mode and permanence of how
the item was attached
Adaptation of the item
Intention of the parties
All of the above
◉ The right of exclusion, which allows a landowner to prevent
others from entering or occupying their property, is included in the?
Answer: Bundle of rights
◉ Which of the following is an example of a fixture? Answer: Kitchen
cabinets
◉ Which of the following is an advantage to owning a home?
Answer: Potential for asset appreciation
Tax benefits
Pride of ownership
All of the above
◉ An individual who has not owned real property for at least the
previous two years is known as a? Answer: First-time homebuyer
