TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH
CORRECT & VERIFIED ANSWERS - CHAMPIONS SCHOOL
OF REAL ESTATE. UPDATED
Courses for the renewal of an active real estate broker or sales agent license are called -
Correct Answer continuing education (CE)"
"What is the maximum amount that the Commission will pay from the real estate recovery
trust account for claims against any one license holder, until the account has been repaid in
full by the license holder? - Correct Answer $100,000"
"What type of estate is complete ownership and exists for an unlimited time? - Correct
Answer fee simple"
"If a condition of ownership is violated, title to the subject property automatically reverts to
the original owner in - Correct Answer a determinable fee estate"
"An urban homestead is limited to a lot or lots NOT to exceed how many acres? - Correct
Answer 10"
"Which is owned by the tenant? - Correct Answer a trade fixture"
"Which of the following terms refers not only to the surface of the earth but also below to the
center of the earth, above to infinity, and natural things permanently attached but does NOT
refer to artificial things permanently attached? - Correct Answer land"
"If the court learns that the seller placed a sign that said "Not Included" on the stove every
time a buyer looked at the property, the court will consider which of the following in
determining whether the stove is a fixture, absent a written agreement? - Correct Answer
Intention of the parties"
"The method used to describe real estate by distance, direction, and boundaries is - Correct
Answer metes-and-bounds method"
"Which equals one square mile or 640 acres? - Correct Answer section"
"Under the federal Fair Housing Act, real estate organizations, such as multiple listing
services, may NOT do which because someone is in a protected group? - Correct Answer
refuse membership or put conditions on participation"
, "Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales
agent to be informed on market conditions and national, state, and local developments
affecting the real estate business? - Correct Answer competency."
"A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the
U.S. Department of Housing and Urban Development or with - Correct Answer the Texas
Workforce Commission Civil Rights Division"
"An aggrieved person who believes illegal discrimination has occurred may file a complaint
within what time frame following the alleged discriminatory act? - Correct Answer ONE
YEAR"
"Appurtenant easement rights transfer with - Correct Answer the dominant tenement"
"An owner sells part of his land that has no access to a public road but does have access over
his remaining land. This creates an easement by - Correct Answer necessity"
"When there are two or more liens on a property, the order in which the liens will be satisfied
when the property is sold will be determined by - Correct Answer the priority of the liens"
"Which of the following may be a natural object, such as a tree or a boulder, or an artificial
object, such as a steel rod or a stake driven into the ground? - Correct Answer Monument"
"It is unlawful for a person to act in the capacity of or claim to be a real estate broker without
first - Correct Answer obtaining a license from the Texas Real Estate Commission"
"A real estate broker's license is NOT required of persons who - Correct Answer advertise and
lease their own properties"
"The Texas Real Estate Commission is composed of - Correct Answer nine members, six of
whom are brokers and three of whom are lay members, each appointed by the governor with
senate approval"
"Before people can act in the capacity of or represent themselves as real estate brokers, they
must first - Correct Answer obtain a license from the Texas Real Estate Commission"
"A license holder must use the earnest money contract forms promulgated by the
Commission unless - Correct Answer an attorney prepares the forms and the property owner
requires their use"
CORRECT & VERIFIED ANSWERS - CHAMPIONS SCHOOL
OF REAL ESTATE. UPDATED
Courses for the renewal of an active real estate broker or sales agent license are called -
Correct Answer continuing education (CE)"
"What is the maximum amount that the Commission will pay from the real estate recovery
trust account for claims against any one license holder, until the account has been repaid in
full by the license holder? - Correct Answer $100,000"
"What type of estate is complete ownership and exists for an unlimited time? - Correct
Answer fee simple"
"If a condition of ownership is violated, title to the subject property automatically reverts to
the original owner in - Correct Answer a determinable fee estate"
"An urban homestead is limited to a lot or lots NOT to exceed how many acres? - Correct
Answer 10"
"Which is owned by the tenant? - Correct Answer a trade fixture"
"Which of the following terms refers not only to the surface of the earth but also below to the
center of the earth, above to infinity, and natural things permanently attached but does NOT
refer to artificial things permanently attached? - Correct Answer land"
"If the court learns that the seller placed a sign that said "Not Included" on the stove every
time a buyer looked at the property, the court will consider which of the following in
determining whether the stove is a fixture, absent a written agreement? - Correct Answer
Intention of the parties"
"The method used to describe real estate by distance, direction, and boundaries is - Correct
Answer metes-and-bounds method"
"Which equals one square mile or 640 acres? - Correct Answer section"
"Under the federal Fair Housing Act, real estate organizations, such as multiple listing
services, may NOT do which because someone is in a protected group? - Correct Answer
refuse membership or put conditions on participation"
, "Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales
agent to be informed on market conditions and national, state, and local developments
affecting the real estate business? - Correct Answer competency."
"A complaint of discrimination brought under the Texas Fair Housing Act can be filed with the
U.S. Department of Housing and Urban Development or with - Correct Answer the Texas
Workforce Commission Civil Rights Division"
"An aggrieved person who believes illegal discrimination has occurred may file a complaint
within what time frame following the alleged discriminatory act? - Correct Answer ONE
YEAR"
"Appurtenant easement rights transfer with - Correct Answer the dominant tenement"
"An owner sells part of his land that has no access to a public road but does have access over
his remaining land. This creates an easement by - Correct Answer necessity"
"When there are two or more liens on a property, the order in which the liens will be satisfied
when the property is sold will be determined by - Correct Answer the priority of the liens"
"Which of the following may be a natural object, such as a tree or a boulder, or an artificial
object, such as a steel rod or a stake driven into the ground? - Correct Answer Monument"
"It is unlawful for a person to act in the capacity of or claim to be a real estate broker without
first - Correct Answer obtaining a license from the Texas Real Estate Commission"
"A real estate broker's license is NOT required of persons who - Correct Answer advertise and
lease their own properties"
"The Texas Real Estate Commission is composed of - Correct Answer nine members, six of
whom are brokers and three of whom are lay members, each appointed by the governor with
senate approval"
"Before people can act in the capacity of or represent themselves as real estate brokers, they
must first - Correct Answer obtain a license from the Texas Real Estate Commission"
"A license holder must use the earnest money contract forms promulgated by the
Commission unless - Correct Answer an attorney prepares the forms and the property owner
requires their use"
