Principles of real Estate 1 Texas
"disparate impact", in legal terms, essentially means which of the following? - ✔✔A set of criteria which
are not directly targeted at a specific group but will disproportionality affect that group.
"modifications" in real estate terms are also referred to as which of these? - ✔✔improvements
"procuring cause" awards the real estate sales commission to the agent for which of the following? -
✔✔the most direct influence on the transaction being completed.
A "net listing" is a listing agreement in which the broker's commission: - ✔✔is the difference ("net")
between the sales proceeds and an amount desired by the owner of the property.
A building or community may not discriminate based on familial status, except in which of these
circumstances? - ✔✔the building or community qualifies as housing for older persons.
A contract must have a legal purpose in order to be: - ✔✔enforceable
a counteroffer is: - ✔✔a rejection of the original offer
A licensee is liable for a misrepresentation or a concealment of a material fact made by a party to a real
estate transaction in which of these circumstances? - ✔✔all of these.
A manufactured home can be considered real property under which of the following circumstances? -
✔✔All of the answers together are correct.
A professional organization or association is usually a not-for-profit organization that seeks to do which
of the following?(best answer.) - ✔✔Further a particular profession and interests of individuals engaged
in that profession.
a subpoena may be issued throughout the estate and may be served by: - ✔✔any person designated by
the commsion.
, a tenancy by the entirety between legally married spouses differs from joint tenancy because of which
of these: - ✔✔A spouse cannot dispose of their interest without consent of the other spouse.
according to sec. 1101.159, the commission must ensure that the public is able to interact with
commission in which of the following manners? - ✔✔on the internet
An estimate of the amount of money that could be gained if the property was quickly sold in a low-
dammed market is called which of these? - ✔✔Liquidation value
AN________________ is an easement that is established without the permission of a landlord or
existence of a situation that requires an easement. - ✔✔easement by prescription
applicants who are rejected for credit must be notified in writing of the basic reasons for denial of their
application, and the reason for their credit rating when? - ✔✔within 30 days
common encumbrances include which of the following? - ✔✔Easements, covenants, liens , and
encroachments
emblements are best described by which of the following? - ✔✔Harvestable plants, tree, and cultivated
vegetation.
emblements are best described by which of the following? - ✔✔Harveststable plants
FTC&__ is a comprehensive consumer act and includes all violations of the Sherman and clayton Acts. -
✔✔15
in the 2006 Texas case, Coldwell Banker v. Rayn Equity, the appeals court ruled that a seller is
responsible for revealing which of the following to the buyer? - ✔✔any hidden, or latent defects in a
building.
"disparate impact", in legal terms, essentially means which of the following? - ✔✔A set of criteria which
are not directly targeted at a specific group but will disproportionality affect that group.
"modifications" in real estate terms are also referred to as which of these? - ✔✔improvements
"procuring cause" awards the real estate sales commission to the agent for which of the following? -
✔✔the most direct influence on the transaction being completed.
A "net listing" is a listing agreement in which the broker's commission: - ✔✔is the difference ("net")
between the sales proceeds and an amount desired by the owner of the property.
A building or community may not discriminate based on familial status, except in which of these
circumstances? - ✔✔the building or community qualifies as housing for older persons.
A contract must have a legal purpose in order to be: - ✔✔enforceable
a counteroffer is: - ✔✔a rejection of the original offer
A licensee is liable for a misrepresentation or a concealment of a material fact made by a party to a real
estate transaction in which of these circumstances? - ✔✔all of these.
A manufactured home can be considered real property under which of the following circumstances? -
✔✔All of the answers together are correct.
A professional organization or association is usually a not-for-profit organization that seeks to do which
of the following?(best answer.) - ✔✔Further a particular profession and interests of individuals engaged
in that profession.
a subpoena may be issued throughout the estate and may be served by: - ✔✔any person designated by
the commsion.
, a tenancy by the entirety between legally married spouses differs from joint tenancy because of which
of these: - ✔✔A spouse cannot dispose of their interest without consent of the other spouse.
according to sec. 1101.159, the commission must ensure that the public is able to interact with
commission in which of the following manners? - ✔✔on the internet
An estimate of the amount of money that could be gained if the property was quickly sold in a low-
dammed market is called which of these? - ✔✔Liquidation value
AN________________ is an easement that is established without the permission of a landlord or
existence of a situation that requires an easement. - ✔✔easement by prescription
applicants who are rejected for credit must be notified in writing of the basic reasons for denial of their
application, and the reason for their credit rating when? - ✔✔within 30 days
common encumbrances include which of the following? - ✔✔Easements, covenants, liens , and
encroachments
emblements are best described by which of the following? - ✔✔Harvestable plants, tree, and cultivated
vegetation.
emblements are best described by which of the following? - ✔✔Harveststable plants
FTC&__ is a comprehensive consumer act and includes all violations of the Sherman and clayton Acts. -
✔✔15
in the 2006 Texas case, Coldwell Banker v. Rayn Equity, the appeals court ruled that a seller is
responsible for revealing which of the following to the buyer? - ✔✔any hidden, or latent defects in a
building.
