CHAMPIONS SCHOOL OF REAL ESTATE PRINCIPLE OF REAL ESTATE 1 ACTUAL EXAMS COMPLETE REAL QUESTIONS AND CORRECT ANSWERS (CORRECT VERIFIED SOLUTIONS) NEWEST UPDATED VERSION GUARANTEED PASS.

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Champions Real Estate Exam Prep (Texas) Latest 2023 - G G G G G G G G



2024 /665 Questions With Verified Answers Rated (A+)
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Quiz :In ______ the Texas Real Estate Commission was established to administ
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er and enforce the TRELA. - √Answer :1949
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G Quiz :TREC has only _______ promulgated lease forms. - √Answer :2
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G Quiz :In the TAR® Seller's Disclosure the seller should _______.
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a. prepare the disclosure when the listing is taken
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b. be the only one completing this form or any part of it
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c. none of the above
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d. both a and b - √Answer :d. both a and b
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Quiz :The _______ statute provides that the sender's message must contain cl
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ear and conspicuous notice that the message is an advertisement or solicitatio
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n.

a. CAN-SPAM
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b. Interstate Land Sales Full Disclosure Act
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c. Do Not Call
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d. Junk Fax Prevention Act - √Answer :CAN-SPAM
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Quiz :A ________ is a possible polluter who may be held liable under CERCLA f
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or the contamination of a property or resource.
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a. Safe Harbor
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b. EBR
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c. PRP
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d. TMARR - √Answer :PRP
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Quiz :If you hire a mold remediator he must give you a Certificate of Mold Rem
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ediation no later than ___ days after work is complete. - √Answer :10
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GQuiz :In order to comply with the _______, contracts for the conveyance of an
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interest in real estate or leases for a term of more than one year must be in wri
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ting. G




a. SAFE Act
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b. Statute of Frauds
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c. Statue of Limitations
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d. RESPA - √Answer :Statute of Frauds
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G Quiz :A unilateral contract is said to lack __________.
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a. Mutuality
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b. Fairness
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c. Agreement
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d. Signatures - √Answer :Mutuality
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Quiz :Contracts with a person who lacks mental capacity can be either void or
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a. Implied
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b. Unilateral
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c. Voidable
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d. Express - √Answer :voidable
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G Quiz :All of the land in the U.S. is held under the ________ system.
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a. Feudal
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b. Freedom
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c. Statutory
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d. Allodial - √Answer :Allodial
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G Quiz :The main reason(s) for homestead laws include(s):
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a. Preventing the foreclosure of the homestead under any circumstances
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b. Prevention of the forced sale of a home by creditors
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c. Protection of a creditor's interests in a debtor's property
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d. All of these are correct - √Answer :
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G Quiz :In many states, recognized statutory estates include _______.
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a. community property
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b. riparian right
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c. reservation
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d. encroachment - √Answer :community property
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Quiz :Only a _______ may earn a commission and only a _______ may sue to c
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ollect a commission.
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a. broker, agent
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b. agent, broker
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c. broker, broker
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d. none of the above - √Answer :broker, broker
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Quiz :Regardless of representation, all buyers should be provided with a(n) __
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_____ disclosure of representation at first contact.
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a. oral
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b. written
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c. email
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d. all of these are correct - √Answer :d. all of these are correct
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G Quiz :This _______ is an employment contract.
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a. listing agreement
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b. buyer-representation
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c. both a and b
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d. none of the above - √Answer :c. both a and b
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G Quiz :What does a real estate agent do with multiple offers on a property?
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a. He/she can choose the best offer for the client.
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b. He/she can hold all offers until one comes in that is over the asking price.
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c. He/she may present the highest offers only.
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d. He/she must present all offers to the client. -
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√Answer :d. He/she must present all offers to the client.
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G Quiz :An offer can be communicated by ________.
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a. letter
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b. phone
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c. either a or b
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d. must be done orally - √Answer :c. either a or b
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G Quiz :A permanent marker installed on the land by a surveyor is called ______.
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a. a monument
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b. metes
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c. bounds
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d. a lot - √Answer :a. a monument
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G Quiz :Ownership of real property can be divided among _______.
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a. surface rights
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b. air rights
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c. subsurface rights
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d. any and all of the above
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Which of the following is NOT considered a common addenda form?
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a. Exclusive Right to Sell
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b. Financing addendum
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c. Mineral reservations
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