Texas Principles of Real Estate II
() Exam | Questions and
Verified Answers | 100% Correct
Question:
According to value
a. Police power
b. Ad valorem
c. Taxation
d. Escheat
e. Condemnation
Answer:
B
Question:
The government retains the following rights in lands, EXCEPT:
a. Eminent domain
b. Allodial
c. Police Power
d. Taxation
Answer:
,B
Question:
If a landowner sues the government in order to force it to buy his or her land,
this is called:
a. Reverse condemnation
b. Forward condemnation
c. Inverse condemnation
d. Ad valorem
Answer:
C
Question:
There is a ___________ right of redemption of homestead property sold at
auction in Texas.
a. One year
b. Two year
c. Three year
d. Four year
Answer:
B
,Question:
The Interstate Land Sales Full Disclosure Act provides for:
a. The protection of the government from land owners filing suit against
eminent domain cases
b. The protection of developers from homeowners' associations
c. The reimbursement of individuals whose land has been condemned by the
government
d. The protection of consumers from fraud in the sale or lease of land
Answer:
D
Question:
Under the Interstate Land Sales Full Disclosure Act, developers are required
to provide each purchaser in a subdivision or condominium with a Property
Report.
a. True
b. False
Answer:
A
Question:
Authority for cleanup of hazardous substances under CERCLA is granted to
all of the following, EXCEPT:
a. States' natural resource agencies
, b. Federal natural resource agencies
c. Homeowners' associations
d. Native American tribes
Answer:
C
Question:
A broker is not required to advise a sponsored sales agent of the scope of the
sales agent's authorized activities under the License Act.
a. True
b. False
Answer:
B
Question:
REO stands for real estate owned.
a. True
b. False
Answer:
A
() Exam | Questions and
Verified Answers | 100% Correct
Question:
According to value
a. Police power
b. Ad valorem
c. Taxation
d. Escheat
e. Condemnation
Answer:
B
Question:
The government retains the following rights in lands, EXCEPT:
a. Eminent domain
b. Allodial
c. Police Power
d. Taxation
Answer:
,B
Question:
If a landowner sues the government in order to force it to buy his or her land,
this is called:
a. Reverse condemnation
b. Forward condemnation
c. Inverse condemnation
d. Ad valorem
Answer:
C
Question:
There is a ___________ right of redemption of homestead property sold at
auction in Texas.
a. One year
b. Two year
c. Three year
d. Four year
Answer:
B
,Question:
The Interstate Land Sales Full Disclosure Act provides for:
a. The protection of the government from land owners filing suit against
eminent domain cases
b. The protection of developers from homeowners' associations
c. The reimbursement of individuals whose land has been condemned by the
government
d. The protection of consumers from fraud in the sale or lease of land
Answer:
D
Question:
Under the Interstate Land Sales Full Disclosure Act, developers are required
to provide each purchaser in a subdivision or condominium with a Property
Report.
a. True
b. False
Answer:
A
Question:
Authority for cleanup of hazardous substances under CERCLA is granted to
all of the following, EXCEPT:
a. States' natural resource agencies
, b. Federal natural resource agencies
c. Homeowners' associations
d. Native American tribes
Answer:
C
Question:
A broker is not required to advise a sponsored sales agent of the scope of the
sales agent's authorized activities under the License Act.
a. True
b. False
Answer:
B
Question:
REO stands for real estate owned.
a. True
b. False
Answer:
A
