Real Estate Exam: Gen Principles of Real Estate 1-Questions with
Correct Answers/ Verified/ 100% Pass
The purpose of the TRELA is to... - ✔️✔️protect the public against unscrupulous brokers and
salespersons.
What is required to obtain a license in Texas? - ✔️✔️be a resident of Texas at least 18 yrs of age at
the time of application, be of good moral character, must show competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a property without
the written permission of the owner, sells real estate by lottery this can happen.... - ✔️✔️A license
can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? - ✔️✔️Four years
Who promulgates real estate contract forms in Texas? - ✔️✔️The Broker Lawyer Committee
Which economic characteristic of land describes location preference from an economic point of
view? - ✔️✔️situs
What is often considered the most important test of a fixture? - ✔️✔️Intentions of the parties
Which of the following is an example of an encroachment? - ✔️✔️The neighbor's fence is on your
land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation, Escheat (gvt.
Takes title of land where owner has no heirs or will) - ✔️✔️The government's rights in land
A property description that is considered an informal reference is - ✔️✔️a street address.
The highest priority lien against real property is - ✔️✔️property tax
The type of ownership in which the person has the most rights is called - ✔️✔️fee simple
, Texas is a community property state. What is true about community property? - ✔️✔️Property
inherited by one spouse can remain separate property of that spouse.
When property has only one owner it is called - ✔️✔️severalty
Property held by two or more owners with rights of survivorship is - ✔️✔️joint tenancy
A lease with a specific starting and ending date is called - ✔️✔️an estate for years or tenancy for
years.
When the landlord pays all of the expenses of the property and then tenant pays only the rent, this
is called - ✔️✔️a gross lease
An easement can be terminated by - ✔️✔️merger
Deeds require the signature of - ✔️✔️the grantor
The deed that gives the buyer the greatest protection is called - ✔️✔️the general warranty deed
Title to real property transfers when - ✔️✔️the deed is delivered
When a grantor transfers a title but retains some rights it is called - ✔️✔️reservation
A complete history of the title of a piece of property is called an - ✔️✔️abstract
A handwritten will is called a - ✔️✔️holographic will
Inheritance of real property without a will is called - ✔️✔️laws of descent
Correct Answers/ Verified/ 100% Pass
The purpose of the TRELA is to... - ✔️✔️protect the public against unscrupulous brokers and
salespersons.
What is required to obtain a license in Texas? - ✔️✔️be a resident of Texas at least 18 yrs of age at
the time of application, be of good moral character, must show competency by passing the exam
If the licensee pays a commission to any unlicensed person, places a sign offering a property without
the written permission of the owner, sells real estate by lottery this can happen.... - ✔️✔️A license
can be revoked or suspended by the TREC
How long does a consumer have to file a complaint with TREC against a licensee? - ✔️✔️Four years
Who promulgates real estate contract forms in Texas? - ✔️✔️The Broker Lawyer Committee
Which economic characteristic of land describes location preference from an economic point of
view? - ✔️✔️situs
What is often considered the most important test of a fixture? - ✔️✔️Intentions of the parties
Which of the following is an example of an encroachment? - ✔️✔️The neighbor's fence is on your
land.
PETE: police power, eminent domain (gvt.takes private land for public use), Taxation, Escheat (gvt.
Takes title of land where owner has no heirs or will) - ✔️✔️The government's rights in land
A property description that is considered an informal reference is - ✔️✔️a street address.
The highest priority lien against real property is - ✔️✔️property tax
The type of ownership in which the person has the most rights is called - ✔️✔️fee simple
, Texas is a community property state. What is true about community property? - ✔️✔️Property
inherited by one spouse can remain separate property of that spouse.
When property has only one owner it is called - ✔️✔️severalty
Property held by two or more owners with rights of survivorship is - ✔️✔️joint tenancy
A lease with a specific starting and ending date is called - ✔️✔️an estate for years or tenancy for
years.
When the landlord pays all of the expenses of the property and then tenant pays only the rent, this
is called - ✔️✔️a gross lease
An easement can be terminated by - ✔️✔️merger
Deeds require the signature of - ✔️✔️the grantor
The deed that gives the buyer the greatest protection is called - ✔️✔️the general warranty deed
Title to real property transfers when - ✔️✔️the deed is delivered
When a grantor transfers a title but retains some rights it is called - ✔️✔️reservation
A complete history of the title of a piece of property is called an - ✔️✔️abstract
A handwritten will is called a - ✔️✔️holographic will
Inheritance of real property without a will is called - ✔️✔️laws of descent
