,VanEd Principles of Real Estate 1
Practice Quiz Questions AND ANSWERS
100% ACCURATE!
Air space. - ANSWER What is the real estate rights above the ground surface called?
Real estate value - ANSWER The __________ represents an expected price that
should result under specific conditions.
Competent - ANSWER A broker or sales associate that is qualified to answer questions
about a specific real estate is said to be ____________.
Education; Ethics; Competence. - ANSWER The purpose of the real estate license is to
ensure the licensee meets the minimum standard of _____________ mandated by
Texas Real Estate Commission (TREC).
National Association of REALTORS (NAR) - ANSWER Which Professional real estate
organization is open to real estate professionals involved in residential, commercial,
appraisal, counseling, and even property management brokerage, and provides
training, research, and idea exchange as well as business networking?
Texas Association of REALTORS (TAR) - ANSWER What professional realtor
association has a mission of promoting and protecting private-property ownership and
rights in order to keep homeownership affordable?
The consumer; The practitioner. - ANSWER Real estate specialization offers benefits
to ______________.
Housing for Older Persons Act of 1995 (HOPA) - ANSWER The _______________ law
contains requirements, provisions, and exemptions pertinent to senior (55 and older)
house in.
An agreement between states that allows the agent to be licensed in another state. -
ANSWER Reciprocity is defined as _________.
A fixture. - ANSWER A moveable item that is permanently attached to the land by a bill
of sale, and which transfers with the property, is _______________.
, Education Standard Advisory Committee (ESAC) - ANSWER Which Texas Real Estate
License Act Committee is responsible for reviewing and revising real estate continuing
ed. course curriculum standards, content requirements, and instructor certification?
Its immobility - ANSWER What physical characteristics of land make it different from
other commodities that are bought and sold?
They are still considered real property. - ANSWER When mineral rights and air rights
are sold separately ____________.
Appurtenances - ANSWER Items that are attached to the land, made a part of the land,
and that include rights or privileges which lie outside the land, but which are attached to
the land, are ______________.
To ensure senior housing has at least one person age 55 or older in its occupied units.
- ANSWER What is the purpose of Housing for Older Persons Act of 1995 (HOPA)?
Financial statements; Infrastructure developments; Property conditions. - ANSWER
The Interstate Land Sales Full Disclosure Act (ILSFDA) requires any developer selling
more than 100 non-exempt subdivided residential lots as part of a common promotional
plan to file a statement containing disclosures, which include _________.
Sale - ANSWER According to the Interstate Land Sales Full Disclosure Act (ILSFDA),
a(n)______________ occurs when a purchaser acquires an equitable interest in the
property.
The sale of property to a government agency - ANSWER What types of property sales
are exempt from Interstate Land Sales Full Disclosure Act ( ILSFDA) disclosure and
registration requirements?
Service animals - ANSWER The "no pets" rule does not apply to _______________.
Texas Property Code. - ANSWER What laws are intended to regulate the rights and
relations between landlords nad tenants?
Advance women as professionals/leaders in the real estate business and industry. -
ANSWER What is the focused mission of the WCR?
Practice Quiz Questions AND ANSWERS
100% ACCURATE!
Air space. - ANSWER What is the real estate rights above the ground surface called?
Real estate value - ANSWER The __________ represents an expected price that
should result under specific conditions.
Competent - ANSWER A broker or sales associate that is qualified to answer questions
about a specific real estate is said to be ____________.
Education; Ethics; Competence. - ANSWER The purpose of the real estate license is to
ensure the licensee meets the minimum standard of _____________ mandated by
Texas Real Estate Commission (TREC).
National Association of REALTORS (NAR) - ANSWER Which Professional real estate
organization is open to real estate professionals involved in residential, commercial,
appraisal, counseling, and even property management brokerage, and provides
training, research, and idea exchange as well as business networking?
Texas Association of REALTORS (TAR) - ANSWER What professional realtor
association has a mission of promoting and protecting private-property ownership and
rights in order to keep homeownership affordable?
The consumer; The practitioner. - ANSWER Real estate specialization offers benefits
to ______________.
Housing for Older Persons Act of 1995 (HOPA) - ANSWER The _______________ law
contains requirements, provisions, and exemptions pertinent to senior (55 and older)
house in.
An agreement between states that allows the agent to be licensed in another state. -
ANSWER Reciprocity is defined as _________.
A fixture. - ANSWER A moveable item that is permanently attached to the land by a bill
of sale, and which transfers with the property, is _______________.
, Education Standard Advisory Committee (ESAC) - ANSWER Which Texas Real Estate
License Act Committee is responsible for reviewing and revising real estate continuing
ed. course curriculum standards, content requirements, and instructor certification?
Its immobility - ANSWER What physical characteristics of land make it different from
other commodities that are bought and sold?
They are still considered real property. - ANSWER When mineral rights and air rights
are sold separately ____________.
Appurtenances - ANSWER Items that are attached to the land, made a part of the land,
and that include rights or privileges which lie outside the land, but which are attached to
the land, are ______________.
To ensure senior housing has at least one person age 55 or older in its occupied units.
- ANSWER What is the purpose of Housing for Older Persons Act of 1995 (HOPA)?
Financial statements; Infrastructure developments; Property conditions. - ANSWER
The Interstate Land Sales Full Disclosure Act (ILSFDA) requires any developer selling
more than 100 non-exempt subdivided residential lots as part of a common promotional
plan to file a statement containing disclosures, which include _________.
Sale - ANSWER According to the Interstate Land Sales Full Disclosure Act (ILSFDA),
a(n)______________ occurs when a purchaser acquires an equitable interest in the
property.
The sale of property to a government agency - ANSWER What types of property sales
are exempt from Interstate Land Sales Full Disclosure Act ( ILSFDA) disclosure and
registration requirements?
Service animals - ANSWER The "no pets" rule does not apply to _______________.
Texas Property Code. - ANSWER What laws are intended to regulate the rights and
relations between landlords nad tenants?
Advance women as professionals/leaders in the real estate business and industry. -
ANSWER What is the focused mission of the WCR?
