Principles of Real Estate 1 Exam With 100% Correct Answers

Principles of Real Estate 1 Exam With 100% Correct Answers The education standards advisory committee is made up of? - answer12 Members The commission issues a license to a salesperson after? - answerthe person has met all off the requirements for a license A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of? - answerPersonal property Annual plants are called fructus industrials or emblements and are? - answerPersonal Property when someone owns property to the exclusion of all other persons, this person is said to hold the property in.... - answerServeralty A person who owns property in severalty.. - answeris the sole owner of the property In Texas, an urban homestead is limited to 10 Acres and the acres must be? - answerContiguous Price-fixing, boycotting and allocation of customers of markets are violations of - answerFair Housing An agency Relationship is always created at the - answerbroker level the broker has a fiduciary relationship with his client. the broker owes his client - answerObedience, Loyalty and accounting/ Disclosure and confidentially/ Reasonable care and diligence (ALL THE ABOVE) When a broker represents both the buyer and the seller in the Same transaction, the broker is acting as: - answerSubagent Discrimination in housing on the basis of race is prohibited by: - answercivil rights act of 1866 The act of refusing home loans to areas or neighborhoods deemed poor financial risk is: - answerRedlining Agent Jane is showing bob a property. agent Jane wants to make sure buyer bob will like the neighborhood, she has selected the location of the property based on the national origin of the people living in the neighborhood. Agent Jane is: - answerSteering A real estate broker or salesperson , while acting as an agent for another is - answerA Fiduciary TRELA does not apply to - answeran attorney licensed in the same state/ an onside manager of an Apt. Complex/ A public official while engaged in official duties (ALL THE ABOVE) an applicant for a broker license must provide to the commission satisfactory evidence that the applicant - answerhas had at least 4 years of active experience in the state as a license holder during the 5 years preceding the date the