©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
Anaplan L1 Test 2 Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
Apartment locator - Answer✔a real estate license holder who locates dwelling units for
prospective tenants
approved forms - Answer✔forms prepared and authorized by the Texas Real Estate
Commission that can be used by real estate license holders
broker - Answer✔a person or business entity who is licensed to represent one of the parties in
a real estate transaction in exchange for a commission or other valuable consideration
broker price opinion (BPO) - Answer✔a broker's opinion of the value of a piece of real property,
given in writing
client - Answer✔the person whom an agent is representing, made official through a
representation document
cloud - Answer✔any claim to or encumbrance on the title to a property which affects
transferability
comparative market analysis - Answer✔a report comparing the prices of sold homes that are
similar to the subject property (called comparables), created by a license holder to help the
seller or buyer determine the market value
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
consumer - Answer✔a person or company that buys or leases any product or service
immobility - Answer✔characteristic of land stating that land has a particular geographical
location that will remain constant, barring erosion or slow, geological changes
fixity - Answer✔refers to the fact that real estate exists in a fixed location and cannot be
moved; describes this truth about land from an economic viewpoint
land - Answer✔the surface of the earth, including all permanently attached natural features,
extending downwards to the center of the earth and upwards to infinity
misrepresentation - Answer✔a false statement (spoken or written) that is made unintentionally
party - Answer✔a person involved in a contract for sale, lease, or agency
personal property (a.k.a. chattel) - Answer✔any unattached, movable asset on the property not
considered real estate (land plus improvements); also known as personal property or
personalty
promulgated forms - Answer✔forms prepared and authorized by the Texas Real Estate
Commission that must be used by real estate license holders
puffing - Answer✔the making of exaggerated claims (technically opinions) in order to achieve a
sale or some other objective
real estate - Answer✔a part of the surface of land to the center of the earth and upward to
space, plus all improvements made by man or nature
2|Page
Anaplan L1 Test 2 Exam Questions And
Answers |Latest 2025 | Guaranteed Pass
Apartment locator - Answer✔a real estate license holder who locates dwelling units for
prospective tenants
approved forms - Answer✔forms prepared and authorized by the Texas Real Estate
Commission that can be used by real estate license holders
broker - Answer✔a person or business entity who is licensed to represent one of the parties in
a real estate transaction in exchange for a commission or other valuable consideration
broker price opinion (BPO) - Answer✔a broker's opinion of the value of a piece of real property,
given in writing
client - Answer✔the person whom an agent is representing, made official through a
representation document
cloud - Answer✔any claim to or encumbrance on the title to a property which affects
transferability
comparative market analysis - Answer✔a report comparing the prices of sold homes that are
similar to the subject property (called comparables), created by a license holder to help the
seller or buyer determine the market value
1|Page
, ©THEBRIGHT 2025 ALL RIGHTS RESERVED 1:00 PM A+
consumer - Answer✔a person or company that buys or leases any product or service
immobility - Answer✔characteristic of land stating that land has a particular geographical
location that will remain constant, barring erosion or slow, geological changes
fixity - Answer✔refers to the fact that real estate exists in a fixed location and cannot be
moved; describes this truth about land from an economic viewpoint
land - Answer✔the surface of the earth, including all permanently attached natural features,
extending downwards to the center of the earth and upwards to infinity
misrepresentation - Answer✔a false statement (spoken or written) that is made unintentionally
party - Answer✔a person involved in a contract for sale, lease, or agency
personal property (a.k.a. chattel) - Answer✔any unattached, movable asset on the property not
considered real estate (land plus improvements); also known as personal property or
personalty
promulgated forms - Answer✔forms prepared and authorized by the Texas Real Estate
Commission that must be used by real estate license holders
puffing - Answer✔the making of exaggerated claims (technically opinions) in order to achieve a
sale or some other objective
real estate - Answer✔a part of the surface of land to the center of the earth and upward to
space, plus all improvements made by man or nature
2|Page
