30 HOUR PA FUNDAMENTALS TEST BANK EXAM
ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)/ALREADY
GRADED A+
What is the most significant law to the real estate profession in Texas?
A) TRELA - The Real Estate License Act
B) Texas Real Estate Profession Act
C) The Real Estate Law of Texas
D) The Texas Statute of Frauds - ANSWER: A
Forms published and promoted by the TREC for use in the Texas real estate
profession are referred to as which of these?
A) Promulgated forms
B) Common forms
C) Generic forms
D) TRELA forms - ANSWER: A
The Texas Real Estate Commission (TREC) is a _-member commission appointed by
the governor with the advice and consent of the senate for overlapping _-year
terms.
A) 3, 5
B) 9, 6
C) 6, 9
D) 5, 10 - ANSWER: B
Licensee's are free to design their own contract forms without concern for legal or
ethical issues.
A) True
B) False - ANSWER: B
The Broker-Lawyer Committee provides which of these services?
A) Is in charge of investigating complaints against licensees
B) Drafts and revises contract forms for use by real estate licensees
C) Determines punishments for licensees violating TRELA regulations
D) Promulgates forms for use in Texas real estate - ANSWER: B
The TREC Promulgated One to Four Family Residential Contract (Resale) can be
identified through which of these formats?
A) None of theses are correct
B) ID number in the upper left corner
C) Date in the lower left corner
D) Date in the upper right corner and the ID number in the lower right corner -
ANSWER: D
,In order to recover damages under the DTPA, the consumer has to show that the
information was withheld for which of the following purposes?
A) To expedite the matter for all parties
B) With intent to induce the consumer into a transaction
C) Unintentionally
D) To protect the client - ANSWER: B
TRELA stands for
A) The Real Estate Learning Act
B) Texas Real Estate Licensing Agency
C) Texas Real Estate Licensing Act
D) The Real Estate License Act - ANSWER: D
Before signing a purchase contract, the licensee must give a buyer written advice:
A) on how to handle any legal issues that have arisen in the transaction
B) to have the abstract covering the property examined by an attorney of the buyer's
selection, or to obtain an owner's title insurance policy prior to closing
C)on how to calculate their maximum monthly payment
D) on what repair requests to prioritize specifically regarding the home being
purchased - ANSWER: B
The Real Estate Commission (TREC) has the authority to:
A) makes rules for the consumer in a real estate transaction
B) do none of these things
C) make rules for real estate professionals
D) make rules for lenders - ANSWER: C
Promulgated forms:
A) are mandatory for use when a situationally appropriate from exists
B) are not necessarily the best-written forms, and a licensee should decide whether
or not they want to use them
C) are convenient, but not necessary to use
D) should ALWAYS be used exactly as is - ANSWER: A
The DTPA is designed and directed to "be _ to promote its underlying purposes,
which are to protect consumers against false, misleading, and deceptive business
practices".
A) liberally construed and applied
B) used sparingly
C) strictly interpreted
D) a guiding text - ANSWER: A
Most of the DTPA-based claims that occur are based on:
A) discrimination
B) allegations of misrepresentation
C) intentional fraud
D) antitrust activities - ANSWER: B
, The TREC Promulgated One to Four Family Residential Contract (Resale) can be
identified by the:
A) Date in the upper right corner
B) ID number in the lower right corner
C) Date in the upper right corner and the ID number in the lower right corner
D) All of these are correct - ANSWER: D
The two types of real property characteristics to be reviewed are:
A) Economic and Social
B) Physical and Geographical
C) Economic and Physical
D) Social and Geographical - ANSWER: C
Which of these is a common type of law encountered in the real estate profession?
A) Consumer protection
B) Fiduciary duties and handling of client finances
C) Real property vs. personal property
D) All of these - ANSWER: D
The term real property refers to:
A) All of these
B) Subsurface
C) Airspace
D) Earth's surface - ANSWER: A
Which of these IS NOT one of the basic five tests to determine if an object or item is
a fixture?
A) Manner of attachment
B) Size of the object
C) Existence of an agreement
D) Adaptation of the object - ANSWER: B
Which of these is not a physical characteristic of real property?
A) Nonhomogeneity
B)Immobility
C) Scarcity
D) Indestructibility - ANSWER: C
Which of these forms of ownership allows for unequal interests between the
owners?
A) Community Property
B) Tenancy by the Entirety
C) Tenancy in Common
D) Joint Tenancy - ANSWER: C
Which of these forms of business provide protection from personal liability?
ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)/ALREADY
GRADED A+
What is the most significant law to the real estate profession in Texas?
A) TRELA - The Real Estate License Act
B) Texas Real Estate Profession Act
C) The Real Estate Law of Texas
D) The Texas Statute of Frauds - ANSWER: A
Forms published and promoted by the TREC for use in the Texas real estate
profession are referred to as which of these?
A) Promulgated forms
B) Common forms
C) Generic forms
D) TRELA forms - ANSWER: A
The Texas Real Estate Commission (TREC) is a _-member commission appointed by
the governor with the advice and consent of the senate for overlapping _-year
terms.
A) 3, 5
B) 9, 6
C) 6, 9
D) 5, 10 - ANSWER: B
Licensee's are free to design their own contract forms without concern for legal or
ethical issues.
A) True
B) False - ANSWER: B
The Broker-Lawyer Committee provides which of these services?
A) Is in charge of investigating complaints against licensees
B) Drafts and revises contract forms for use by real estate licensees
C) Determines punishments for licensees violating TRELA regulations
D) Promulgates forms for use in Texas real estate - ANSWER: B
The TREC Promulgated One to Four Family Residential Contract (Resale) can be
identified through which of these formats?
A) None of theses are correct
B) ID number in the upper left corner
C) Date in the lower left corner
D) Date in the upper right corner and the ID number in the lower right corner -
ANSWER: D
,In order to recover damages under the DTPA, the consumer has to show that the
information was withheld for which of the following purposes?
A) To expedite the matter for all parties
B) With intent to induce the consumer into a transaction
C) Unintentionally
D) To protect the client - ANSWER: B
TRELA stands for
A) The Real Estate Learning Act
B) Texas Real Estate Licensing Agency
C) Texas Real Estate Licensing Act
D) The Real Estate License Act - ANSWER: D
Before signing a purchase contract, the licensee must give a buyer written advice:
A) on how to handle any legal issues that have arisen in the transaction
B) to have the abstract covering the property examined by an attorney of the buyer's
selection, or to obtain an owner's title insurance policy prior to closing
C)on how to calculate their maximum monthly payment
D) on what repair requests to prioritize specifically regarding the home being
purchased - ANSWER: B
The Real Estate Commission (TREC) has the authority to:
A) makes rules for the consumer in a real estate transaction
B) do none of these things
C) make rules for real estate professionals
D) make rules for lenders - ANSWER: C
Promulgated forms:
A) are mandatory for use when a situationally appropriate from exists
B) are not necessarily the best-written forms, and a licensee should decide whether
or not they want to use them
C) are convenient, but not necessary to use
D) should ALWAYS be used exactly as is - ANSWER: A
The DTPA is designed and directed to "be _ to promote its underlying purposes,
which are to protect consumers against false, misleading, and deceptive business
practices".
A) liberally construed and applied
B) used sparingly
C) strictly interpreted
D) a guiding text - ANSWER: A
Most of the DTPA-based claims that occur are based on:
A) discrimination
B) allegations of misrepresentation
C) intentional fraud
D) antitrust activities - ANSWER: B
, The TREC Promulgated One to Four Family Residential Contract (Resale) can be
identified by the:
A) Date in the upper right corner
B) ID number in the lower right corner
C) Date in the upper right corner and the ID number in the lower right corner
D) All of these are correct - ANSWER: D
The two types of real property characteristics to be reviewed are:
A) Economic and Social
B) Physical and Geographical
C) Economic and Physical
D) Social and Geographical - ANSWER: C
Which of these is a common type of law encountered in the real estate profession?
A) Consumer protection
B) Fiduciary duties and handling of client finances
C) Real property vs. personal property
D) All of these - ANSWER: D
The term real property refers to:
A) All of these
B) Subsurface
C) Airspace
D) Earth's surface - ANSWER: A
Which of these IS NOT one of the basic five tests to determine if an object or item is
a fixture?
A) Manner of attachment
B) Size of the object
C) Existence of an agreement
D) Adaptation of the object - ANSWER: B
Which of these is not a physical characteristic of real property?
A) Nonhomogeneity
B)Immobility
C) Scarcity
D) Indestructibility - ANSWER: C
Which of these forms of ownership allows for unequal interests between the
owners?
A) Community Property
B) Tenancy by the Entirety
C) Tenancy in Common
D) Joint Tenancy - ANSWER: C
Which of these forms of business provide protection from personal liability?
