TREBS Exam 1 questions with verified answers
________________ means a broker who is employed to negotiate a
transaction between the parties to a transaction and for that purpose
may act as an agent of the parties.
A. A seller's agent
B. A buyer's agent
C. A subagent
D. An intermediary Ans✓✓✓ D. An intermediary
"Protect Your Family From Lead In Your Home" is a booklet that must
be given to the buyer if the buyer is making an offer on a property that
was built prior to:
A. 1908
B. 1978
C. 1979
D. 1966 Ans✓✓✓ B. 1978
A broker is not allowed to commingle the money that belongs to the
client of customer with the brokers:
A. Company's working account
,B. Personal account
C. Both A and B
D. None of the above Ans✓✓✓ C. Both A and B
A consumer may file a lawsuit against a broker for a false, misleading,
or deceptive act. This lawsuit would be filed under:
A. IABS
B. DTPA
C. IREM
D. Consumers are not allowed to sue brokers. Ans✓✓✓ B. DTPA
A contract for deed is a type of:
A. Deed
B. Seller financing
C. Loans only for people over 65
D. Buyer family financing Ans✓✓✓ B. Seller financing
A deed is used to transfer ownership of real estate. A bill of sale would
be used to transfer ownership of:
A. A mortgage
, B. Personal property
C. A deed of trust
D. A house and 2 acres of land Ans✓✓✓ B. Personal property
A DTPA lawsuit must be filed within ___________ after the date on
which the false, misleading, or deceptive act occurred.
A. 1 year
B. 4 years
C. 6 months
D. 2 years Ans✓✓✓ D. 2 years
A form of ownership that allows the owners to have unequal shares
and an undivided interest is:
A. Tenancy by the entirety
B. Joint tenancy
C. Estate in severalty
D. Tenancy in common Ans✓✓✓ D. Tenancy in common
A person who owns a property in severalty:
A. Is a tenant in common with other people
________________ means a broker who is employed to negotiate a
transaction between the parties to a transaction and for that purpose
may act as an agent of the parties.
A. A seller's agent
B. A buyer's agent
C. A subagent
D. An intermediary Ans✓✓✓ D. An intermediary
"Protect Your Family From Lead In Your Home" is a booklet that must
be given to the buyer if the buyer is making an offer on a property that
was built prior to:
A. 1908
B. 1978
C. 1979
D. 1966 Ans✓✓✓ B. 1978
A broker is not allowed to commingle the money that belongs to the
client of customer with the brokers:
A. Company's working account
,B. Personal account
C. Both A and B
D. None of the above Ans✓✓✓ C. Both A and B
A consumer may file a lawsuit against a broker for a false, misleading,
or deceptive act. This lawsuit would be filed under:
A. IABS
B. DTPA
C. IREM
D. Consumers are not allowed to sue brokers. Ans✓✓✓ B. DTPA
A contract for deed is a type of:
A. Deed
B. Seller financing
C. Loans only for people over 65
D. Buyer family financing Ans✓✓✓ B. Seller financing
A deed is used to transfer ownership of real estate. A bill of sale would
be used to transfer ownership of:
A. A mortgage
, B. Personal property
C. A deed of trust
D. A house and 2 acres of land Ans✓✓✓ B. Personal property
A DTPA lawsuit must be filed within ___________ after the date on
which the false, misleading, or deceptive act occurred.
A. 1 year
B. 4 years
C. 6 months
D. 2 years Ans✓✓✓ D. 2 years
A form of ownership that allows the owners to have unequal shares
and an undivided interest is:
A. Tenancy by the entirety
B. Joint tenancy
C. Estate in severalty
D. Tenancy in common Ans✓✓✓ D. Tenancy in common
A person who owns a property in severalty:
A. Is a tenant in common with other people
