REALESTATEU: TEXAS REAL ESTATE
PRINCIPLES PART 1 FINAL PRACTICE
EXAMINATION 2026 QUESTIONS
WITH ANSWERS GRADED A+
◍ Civil Rights Acts of 1866.
Answer: Prohibits only and all racial discrimination
◍ Salesperson's Sponsoring Broker.
Answer: a real estate salesperson closes on a transaction, who pays the
salespersons commission?
◍ Steering.
Answer: Directing Home Seekers to particular neighborhoods based on the
the fair housing protected classes
◍ General Agent.
Answer: An agent with full authority over one property of the principle. EX:
Property Manager.
◍ Supply.
Answer: Te amount of goods offered for sale within a given market at a
given price during a given period.
◍ Specific Agent.
Answer: Agent with limited authority to act on behalf of the principal, such
as a listing. EX real estate agent.
◍ Market Comparison Approach.
Answer: 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.
Answer: 1. Residential, Commercial, & Industrial.
◍ Principal.
Answer: The employer of an agent; one of the main parties in a real estate
transaction, such as a buyer, borrower, seller, or lessor.
◍ Blockbusting.
Answer: Real estate agents creating fear in a neighborhood in order to
induce the owner of the houses to sell the properties at a loss to the agents
◍ Equal Credit Opportunity Act of 1974.
Answer: Prohibits discrimination based on race color, etc. and receipt of
income from a public assistance program.
◍ Real Property/ Real Estate.
Answer: Land, improvements and the rights to own them
◍ Improvements.
Answer: Anything put on the land with the intent of improving the land.
◍ Commercial Property.
Answer: Properties with 5 or more dwelling units. Property that produces
rental income or that is used in business
◍ Chattel.
Answer: Personal Property
◍ Personal Property.
Answer: All property that isn't land & not permanently attached to land.
(MOVABLE)
◍ Appurtenances.
Answer: Right or privilege attached to land that goes with the land when
ownership of the land changes.
◍ Which of the following is considered a legal test for determining if an item
is a fixture or not...?.
, Answer: 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...?.
Answer: Bill of Sale
◍ Mineral rights are typically considered dominant to which of the following
rights...?.
Answer: Surface rights
◍ Mobile homes not permanently attached to the land are generally
considered...?.
Answer: Personal Property
◍ Which of the following is an advantage to owning a home...?.
Answer: Tax benefitsPride of ownershipPotential for asset appreciation
◍ Which of the following is NOT a form of real property...?.
Answer: Cooperative
◍ Owners of a cooperative apartment hold which of the following...?.
Answer: Proprietary lease
◍ An individual who has not owned real property for at least the previous two
years is known as a...?.
Answer: First-time homebuyer
◍ Fixture.
Answer: Something that was personal property and has now become real
estate because it has been attached to the land.
◍ Three tests of a fixture.
Answer: A) Method of annexation B)Fitness or adaptation to the property C)
Intention of the parties
◍ Trade Fixture.
Answer: Something that is attached to a property under a commercial lease.
◍ An insurance policy protecting against a variety of hazards is referred to as
PRINCIPLES PART 1 FINAL PRACTICE
EXAMINATION 2026 QUESTIONS
WITH ANSWERS GRADED A+
◍ Civil Rights Acts of 1866.
Answer: Prohibits only and all racial discrimination
◍ Salesperson's Sponsoring Broker.
Answer: a real estate salesperson closes on a transaction, who pays the
salespersons commission?
◍ Steering.
Answer: Directing Home Seekers to particular neighborhoods based on the
the fair housing protected classes
◍ General Agent.
Answer: An agent with full authority over one property of the principle. EX:
Property Manager.
◍ Supply.
Answer: Te amount of goods offered for sale within a given market at a
given price during a given period.
◍ Specific Agent.
Answer: Agent with limited authority to act on behalf of the principal, such
as a listing. EX real estate agent.
◍ Market Comparison Approach.
Answer: 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.
Answer: 1. Residential, Commercial, & Industrial.
◍ Principal.
Answer: The employer of an agent; one of the main parties in a real estate
transaction, such as a buyer, borrower, seller, or lessor.
◍ Blockbusting.
Answer: Real estate agents creating fear in a neighborhood in order to
induce the owner of the houses to sell the properties at a loss to the agents
◍ Equal Credit Opportunity Act of 1974.
Answer: Prohibits discrimination based on race color, etc. and receipt of
income from a public assistance program.
◍ Real Property/ Real Estate.
Answer: Land, improvements and the rights to own them
◍ Improvements.
Answer: Anything put on the land with the intent of improving the land.
◍ Commercial Property.
Answer: Properties with 5 or more dwelling units. Property that produces
rental income or that is used in business
◍ Chattel.
Answer: Personal Property
◍ Personal Property.
Answer: All property that isn't land & not permanently attached to land.
(MOVABLE)
◍ Appurtenances.
Answer: Right or privilege attached to land that goes with the land when
ownership of the land changes.
◍ Which of the following is considered a legal test for determining if an item
is a fixture or not...?.
, Answer: 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...?.
Answer: Bill of Sale
◍ Mineral rights are typically considered dominant to which of the following
rights...?.
Answer: Surface rights
◍ Mobile homes not permanently attached to the land are generally
considered...?.
Answer: Personal Property
◍ Which of the following is an advantage to owning a home...?.
Answer: Tax benefitsPride of ownershipPotential for asset appreciation
◍ Which of the following is NOT a form of real property...?.
Answer: Cooperative
◍ Owners of a cooperative apartment hold which of the following...?.
Answer: Proprietary lease
◍ An individual who has not owned real property for at least the previous two
years is known as a...?.
Answer: First-time homebuyer
◍ Fixture.
Answer: Something that was personal property and has now become real
estate because it has been attached to the land.
◍ Three tests of a fixture.
Answer: A) Method of annexation B)Fitness or adaptation to the property C)
Intention of the parties
◍ Trade Fixture.
Answer: Something that is attached to a property under a commercial lease.
◍ An insurance policy protecting against a variety of hazards is referred to as
