AYPO - Texas - Principles of Real Estate 1 Questions with
100% Correct Answers | Latest Update 2025/2026 |
100% Guaranteed Pass
What is the name of the governing body for real estate in Texas?
A. Texas Real Estate Constitution (TREC)
B. Texas Real Estate Counselors (TREC)
C. Texas Real Estate Council (TREC)
D. Texas Real Estate Commission (TREC) - ANSWER D) Texas Real Estate Commission (TREC)
TREC has the authority under TRELA to suspend or even revoke a broker's license if:
A) they conduct the unauthorized practice of negotiation.
B) they conduct the unlicensed practice of property management.
C) they conduct the unlicensed practice of property development.
D) they conduct the unlawful practice of Law. - ANSWER D) they conduct the unlawful practice
of Law
ESAC stands for:
A) Education Systems Assistance Corporation
B) Education Standards Advisory Committee
C) Employment Standards Advisory Committee
D) Employment Standards Advisory Committee - ANSWER B) Education Standards Advisory
Committee
What refers to a location from an economic rather than a geographic standpoint?
A) Situs
B) Homogeneity
,C) Immobility
D) Topography - ANSWER A) Situs
Which amendment guarantees that a citizen will not be deprived of property without due
process of law?
A) 14th Amendment
B) 2nd Amendment.
C) 5th Amendment.
D) No amendment covers this eventuality. - ANSWER C) 5th Amendment.
The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau - ANSWER A) Consumer Financial Protection Bureau
A professional organization or association is usually a not-for-profit organization that seeks to:
A) find new revenue sources to grow the organization.
B) further a particular profession and the interests of individuals engaged in that profession.
C) allow like-minded individuals to exclusively meet to discuss business issues with each other.
D) hold educational seminars for the public to make them aware of the organization. - ANSWER
B) further a particular profession and the interests of individuals engaged in that profession.
Which of these IS NOT a type of real property value?
A) Assessed value
B) Estimated sales value
C) Replacement value
,D) Future estimated value - ANSWER D) Future estimated value
A contraction or generally slowing down of the economy is a:
A) Recession.
B) Expansion.
C) Depression.
D) Revival. - ANSWER A) Recession.
What is the primary purpose for real estate licensing laws?
A) To protect the general public during real estate transactions from dishonest or incompetent
brokers and sales agents.
B) To set out minimum standards and qualifications for licensing brokers and sales agents.
C) To protect licensed brokers and sales agents from unfair or improper competition.
D) All of these answers are correct. - ANSWER D) All of these answers are correct.
Per 1101.2051(b), information or material prepared or compiled by the commission in
connection with a complaint, investigation, or audit may be disclosed:
A) it may not be disclosed under any circumstances.
B) to the respondent of the complaint.
C) to a legal representative of the complainant.
D) to a citizen writing in a complaint against a licensee. - ANSWER B) to the respondent of the
complaint.
According to Sec. 1101.159, the commission must ensure that the public is able to interact with
the commission:
A) in the Texas Legislature.
B) in TREC meetings.
, C) on the Internet.
D) in person. - ANSWER C) on the Internet.
Investment permanence is another term for:
A) Scarcity
B) Situs
C) Fixity
D) Modification - ANSWER C) Fixity
The Real Estate License Act defines a broker as a person who does which of these?
A) Negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real
estate
B) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange
C) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate
D) All of these - ANSWER D) All of these
A short list of types of specialized brokerages in Texas, includes all of these, except:
A) Rental Properties
B) Property Management
C) Amusement Park Management
D) Farm and Ranch Properties - ANSWER C) Amusement Park Management
Which of these is NOT a type of real property?
A) Forestry Maintenance
B) Agricultural
C) Mixed Use Property
100% Correct Answers | Latest Update 2025/2026 |
100% Guaranteed Pass
What is the name of the governing body for real estate in Texas?
A. Texas Real Estate Constitution (TREC)
B. Texas Real Estate Counselors (TREC)
C. Texas Real Estate Council (TREC)
D. Texas Real Estate Commission (TREC) - ANSWER D) Texas Real Estate Commission (TREC)
TREC has the authority under TRELA to suspend or even revoke a broker's license if:
A) they conduct the unauthorized practice of negotiation.
B) they conduct the unlicensed practice of property management.
C) they conduct the unlicensed practice of property development.
D) they conduct the unlawful practice of Law. - ANSWER D) they conduct the unlawful practice
of Law
ESAC stands for:
A) Education Systems Assistance Corporation
B) Education Standards Advisory Committee
C) Employment Standards Advisory Committee
D) Employment Standards Advisory Committee - ANSWER B) Education Standards Advisory
Committee
What refers to a location from an economic rather than a geographic standpoint?
A) Situs
B) Homogeneity
,C) Immobility
D) Topography - ANSWER A) Situs
Which amendment guarantees that a citizen will not be deprived of property without due
process of law?
A) 14th Amendment
B) 2nd Amendment.
C) 5th Amendment.
D) No amendment covers this eventuality. - ANSWER C) 5th Amendment.
The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau - ANSWER A) Consumer Financial Protection Bureau
A professional organization or association is usually a not-for-profit organization that seeks to:
A) find new revenue sources to grow the organization.
B) further a particular profession and the interests of individuals engaged in that profession.
C) allow like-minded individuals to exclusively meet to discuss business issues with each other.
D) hold educational seminars for the public to make them aware of the organization. - ANSWER
B) further a particular profession and the interests of individuals engaged in that profession.
Which of these IS NOT a type of real property value?
A) Assessed value
B) Estimated sales value
C) Replacement value
,D) Future estimated value - ANSWER D) Future estimated value
A contraction or generally slowing down of the economy is a:
A) Recession.
B) Expansion.
C) Depression.
D) Revival. - ANSWER A) Recession.
What is the primary purpose for real estate licensing laws?
A) To protect the general public during real estate transactions from dishonest or incompetent
brokers and sales agents.
B) To set out minimum standards and qualifications for licensing brokers and sales agents.
C) To protect licensed brokers and sales agents from unfair or improper competition.
D) All of these answers are correct. - ANSWER D) All of these answers are correct.
Per 1101.2051(b), information or material prepared or compiled by the commission in
connection with a complaint, investigation, or audit may be disclosed:
A) it may not be disclosed under any circumstances.
B) to the respondent of the complaint.
C) to a legal representative of the complainant.
D) to a citizen writing in a complaint against a licensee. - ANSWER B) to the respondent of the
complaint.
According to Sec. 1101.159, the commission must ensure that the public is able to interact with
the commission:
A) in the Texas Legislature.
B) in TREC meetings.
, C) on the Internet.
D) in person. - ANSWER C) on the Internet.
Investment permanence is another term for:
A) Scarcity
B) Situs
C) Fixity
D) Modification - ANSWER C) Fixity
The Real Estate License Act defines a broker as a person who does which of these?
A) Negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real
estate
B) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange
C) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate
D) All of these - ANSWER D) All of these
A short list of types of specialized brokerages in Texas, includes all of these, except:
A) Rental Properties
B) Property Management
C) Amusement Park Management
D) Farm and Ranch Properties - ANSWER C) Amusement Park Management
Which of these is NOT a type of real property?
A) Forestry Maintenance
B) Agricultural
C) Mixed Use Property
