TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
1. A real estate agent is an example of what type of Special Agent
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
2. A means of comparing similar type properties, which Market Comparison Ap-
have recently sold, to the subject property is known as proach
the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
3. A contract in which a property owner employs a real Listing Contract
estate broker to market the property described in the
contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
4. Properties with five or more dwelling units are consid- Commercial Property
ered...?
Special Purpose Property
Commercial Property
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Industrial Property
Residential Property
5. The amount of goods offered for sale within a given Supply
market at a given price during a given time period is
known as...
Demand
GDP
Supply
None of the above
6. The general uses of real property include which of the All of the Above
following...?
Residential
Industrial
Commercial
All of the above
7. If a real estate salesperson closes on a transaction, The Salesperson's Spon-
who pays the salesperson their commission...? soring Broker
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
8. A property manager is an example of what type of General Agent
agent...?
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Universal Agent
Specific Agent
General Agent
Special Agent
9. The employer of an agent is known as the...? Principal
Principal
All of the above
Customer
Escrow
10. The market comparison approach is commonly used Residential
for this property type...?
Mixed-use
Industrial
Residential
Commercial
11. Land and everything permanently attached to land is Real Estate
defined as...?
Bundle of Rights
Real Property
Fixture
Real Estate
12. A refrigerator is typically considered...? Personal Property
Fixture
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Real Property
Personal Property
Emblements
13. All property that is not land and is not permanently Personal Property
attached to land is known as...?
Personal Property
Real Property
Real Estate
Fixture
14. Mineral rights are typically considered dominant to Surface Rights
which of the following rights...?
Sub-surface rights
None of the above
Air rights
Surface rights
15. Which of the following is considered a legal test for All of the Above
determining if an item is a fixture or not...?
Intention of the parties
Mode and permanence of how the item was attached
Adaptation of the item
All of the above
16. The right of exclusion, which allows a landowner to Bundle of Rights
prevent others from entering or occupying their prop-
erty, is included in the...?
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
1. A real estate agent is an example of what type of Special Agent
agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
2. A means of comparing similar type properties, which Market Comparison Ap-
have recently sold, to the subject property is known as proach
the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
3. A contract in which a property owner employs a real Listing Contract
estate broker to market the property described in the
contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
4. Properties with five or more dwelling units are consid- Commercial Property
ered...?
Special Purpose Property
Commercial Property
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Industrial Property
Residential Property
5. The amount of goods offered for sale within a given Supply
market at a given price during a given time period is
known as...
Demand
GDP
Supply
None of the above
6. The general uses of real property include which of the All of the Above
following...?
Residential
Industrial
Commercial
All of the above
7. If a real estate salesperson closes on a transaction, The Salesperson's Spon-
who pays the salesperson their commission...? soring Broker
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
8. A property manager is an example of what type of General Agent
agent...?
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Universal Agent
Specific Agent
General Agent
Special Agent
9. The employer of an agent is known as the...? Principal
Principal
All of the above
Customer
Escrow
10. The market comparison approach is commonly used Residential
for this property type...?
Mixed-use
Industrial
Residential
Commercial
11. Land and everything permanently attached to land is Real Estate
defined as...?
Bundle of Rights
Real Property
Fixture
Real Estate
12. A refrigerator is typically considered...? Personal Property
Fixture
, TEXAS PRINCIPLES OF REAL ESTATE 1 FINAL EXAM, PRACTICE EXAM AND
STUDY GUIDE NEWEST 2025 ALL IN ONE DOCUMENT COMPLETE COURS
160 QUESTIONS AND ANSWERS
Real Property
Personal Property
Emblements
13. All property that is not land and is not permanently Personal Property
attached to land is known as...?
Personal Property
Real Property
Real Estate
Fixture
14. Mineral rights are typically considered dominant to Surface Rights
which of the following rights...?
Sub-surface rights
None of the above
Air rights
Surface rights
15. Which of the following is considered a legal test for All of the Above
determining if an item is a fixture or not...?
Intention of the parties
Mode and permanence of how the item was attached
Adaptation of the item
All of the above
16. The right of exclusion, which allows a landowner to Bundle of Rights
prevent others from entering or occupying their prop-
erty, is included in the...?
