PRINCIPLES OF REAL ESTATE 1 TEST PAPER
2026 COMPLETE QUESTIONS WITH CORRECT
ANSWERS
◉ appraisal. Answer: Providing a professional opinion of the value of
real property.
◉ mortgage lending. Answer: Is the business of providing money to
individuals or corporations for the conditional transfer or pledge of real
estate as security for the payment of a debt.
◉ RMLOs. Answer: Residential Mortgage Loan Originators
◉ Residential Mortgage Loan Originators. Answer: are licenced by the
Texas Department of Savings and Mortgage Lending
◉ Property Management. Answer: Management of residential and
commercial properties on behalf of the investor-owner of the property.
◉ Apartment Locators. Answer: Specialize in locating unit for tenants in
multifamily complexe. Apartment locators in TX MUST have a Texas
Real Estate License.
,◉ Home Inspectors. Answer: are licensed by TREC and must be trained.
◉ Real Estate Development. Answer: most often involves the
acquisition of land for development into residential subdivisions, retail
centers and other commercial uses.
◉ Petroleum Landmen. Answer: Individuals with Real Estate
Background who are employed oil and gas companies. They help
determine mineral ownership and might negotiate oil and gas leases with
mineral owners.
◉ IREM. Answer: Institute of Real Estate Management
◉ Institute of Real Estate Management. Answer: IREM is an
international community of real estate managers dedicated to ethical
business practices, maximizing the value of investment real estate and
promoting superior management through education and info sharing.
◉ Certified Commercial Investment Member. Answer: Established in
1954 to give commercial real estate practitioners an opportunity to
further their business practices through education and networking
opportunities.
◉ CCIM. Answer: Certified Commercial Investment Member
,◉ SIOR. Answer: Society of Industrial and Office Realtors
◉ Society of Industrial and Office Realtors. Answer: professional
affiliate of the National Association of REALTORS. SIOR designees can
hold the following specialty designations: Industrial, office, sales
manager, or advisory service.
◉ ICSC. Answer: International Council of Shopping Centers
◉ International Council of Shopping Centers. Answer: ICSC is to
advance the shopping center industry and to promote its role in the
commercial distribution of consumer goods and services.
◉ BOMA. Answer: Building Owners and Managers Association
International
◉ Building Owners and Managers Association International. Answer:
Members are building owners, manages, developers, leasing
professionals, corporate facility managers, asset managers, and the
providers of the products and services needed to operate commercial
properties.
◉ Occupancy. Answer: the owner occupies the residence
, ◉ Tax Benefits. Answer: Mortgage interest and property taxes may be
tax deductible
◉ Pride of Ownership. Answer: Many homeowners see the home as a
sign of accomplishment
◉ Security. Answer: Homeownership protects the individual or family
from future increases in rental rates.
◉ Investments. Answer: Properties are purchased and held in
anticipation of income, appreciation or both.
◉ Benefits of homeownership include. Answer: Occupancy, Tax
Benefits, Pride of ownership, security and investment.
◉ The Economic Health of the US economy is tied to the heath of the
real estate industry.. Answer: TRUE
◉ What roles do agents play in mortgage lending?. Answer: 1.
Arranging for the pre-qualification/pre-approval of buyers
2. Discussing general mortgage loan programs that buyers might
consider
3. Answering finance and closing-related questions
4. Providing buyers with a list of potential lenders
2026 COMPLETE QUESTIONS WITH CORRECT
ANSWERS
◉ appraisal. Answer: Providing a professional opinion of the value of
real property.
◉ mortgage lending. Answer: Is the business of providing money to
individuals or corporations for the conditional transfer or pledge of real
estate as security for the payment of a debt.
◉ RMLOs. Answer: Residential Mortgage Loan Originators
◉ Residential Mortgage Loan Originators. Answer: are licenced by the
Texas Department of Savings and Mortgage Lending
◉ Property Management. Answer: Management of residential and
commercial properties on behalf of the investor-owner of the property.
◉ Apartment Locators. Answer: Specialize in locating unit for tenants in
multifamily complexe. Apartment locators in TX MUST have a Texas
Real Estate License.
,◉ Home Inspectors. Answer: are licensed by TREC and must be trained.
◉ Real Estate Development. Answer: most often involves the
acquisition of land for development into residential subdivisions, retail
centers and other commercial uses.
◉ Petroleum Landmen. Answer: Individuals with Real Estate
Background who are employed oil and gas companies. They help
determine mineral ownership and might negotiate oil and gas leases with
mineral owners.
◉ IREM. Answer: Institute of Real Estate Management
◉ Institute of Real Estate Management. Answer: IREM is an
international community of real estate managers dedicated to ethical
business practices, maximizing the value of investment real estate and
promoting superior management through education and info sharing.
◉ Certified Commercial Investment Member. Answer: Established in
1954 to give commercial real estate practitioners an opportunity to
further their business practices through education and networking
opportunities.
◉ CCIM. Answer: Certified Commercial Investment Member
,◉ SIOR. Answer: Society of Industrial and Office Realtors
◉ Society of Industrial and Office Realtors. Answer: professional
affiliate of the National Association of REALTORS. SIOR designees can
hold the following specialty designations: Industrial, office, sales
manager, or advisory service.
◉ ICSC. Answer: International Council of Shopping Centers
◉ International Council of Shopping Centers. Answer: ICSC is to
advance the shopping center industry and to promote its role in the
commercial distribution of consumer goods and services.
◉ BOMA. Answer: Building Owners and Managers Association
International
◉ Building Owners and Managers Association International. Answer:
Members are building owners, manages, developers, leasing
professionals, corporate facility managers, asset managers, and the
providers of the products and services needed to operate commercial
properties.
◉ Occupancy. Answer: the owner occupies the residence
, ◉ Tax Benefits. Answer: Mortgage interest and property taxes may be
tax deductible
◉ Pride of Ownership. Answer: Many homeowners see the home as a
sign of accomplishment
◉ Security. Answer: Homeownership protects the individual or family
from future increases in rental rates.
◉ Investments. Answer: Properties are purchased and held in
anticipation of income, appreciation or both.
◉ Benefits of homeownership include. Answer: Occupancy, Tax
Benefits, Pride of ownership, security and investment.
◉ The Economic Health of the US economy is tied to the heath of the
real estate industry.. Answer: TRUE
◉ What roles do agents play in mortgage lending?. Answer: 1.
Arranging for the pre-qualification/pre-approval of buyers
2. Discussing general mortgage loan programs that buyers might
consider
3. Answering finance and closing-related questions
4. Providing buyers with a list of potential lenders
