Texas Principles of Real Estate 1 Questions with 100% Correct Answers

Special Agent Correct Answer A real estate agent is an example of what type of agent...? Universal Agent General Agent Special Agent Specific Agent Market Comparison Approach Correct Answer A means of comparing similar type properties, which have recently sold, to the subject property is known as the...? Cost Approach Assessment Approach Income Approach Market Comparison Approach Listing Contract Correct Answer A contract in which a property owner employs a real estate broker to market the property described in the contract is known as the... Agency Disclosure Contract Purchase and Sales Contract Closing Contract Listing Contract Commercial Property Correct Answer Properties with five or more dwelling units are considered...? Special Purpose Property Commercial Property Industrial Property Residential Property Supply Correct Answer The amount of goods offered for sale within a given market at a given price during a given time period is known as... Demand GDP Supply None of the above