Champions SAE Legal 1 questions and answers
2024\2025 A+ Grade
Equitable Ownership
- correct answer A person that owns some sort of beneficial interest in the property
The amendments clarify that a licensed business entity becomes inactive when
- correct answer It is no longer qualified to transact in Texas, the brokers license is suspended, or
involves probated suspension
To host an open house you must
- correct answer be a license holder / pass a criminal background check
The Lease Listing Agent
- correct answer Hired to work in the best interest of the landlord
TREC Canons of Professional Ethics (6)
- correct answer Fidelity, Integrity, Competency, Consumer Information, Discriminatory Practices and
Information About Brokerage Services.
SB . 920
- correct answer grants access to residence or former residence to retrieve personal property, including
access based on danger or family violence
Reasonable Accommodation- Fair housing act
- correct answer is a change, execption, or adjustment to a rule for someone with a disability
HB 1099
- correct answer Tenants right to request emergency assistance
, On-site means
- correct answer Manager has an office within the premises
Residential resale option expires
- correct answer 5pm day on day of ending period
Condominium resale certificate is needed when
- correct answer The seller is not the declarant, or the seller is not the original developer
Hydrostatic test is
- correct answer negotiable
FIRPTA imposes a tax on foreign persons selling real estate
- correct answer 15%
SB 762
- correct answer The prosecution of offenses involving animals
Who fills in the effective date of the contract
- correct answer The broker does when all parties agree
SB 2212
- correct answer A person may sell their interest in a property as long as they disclose that they do not
own it
House Bill 804
- correct answer owner must send tenant tenant tax amount due within 15 days of receipt
House Bill 1288
- correct answer Allows counties to contract with brokers to lease county property
2024\2025 A+ Grade
Equitable Ownership
- correct answer A person that owns some sort of beneficial interest in the property
The amendments clarify that a licensed business entity becomes inactive when
- correct answer It is no longer qualified to transact in Texas, the brokers license is suspended, or
involves probated suspension
To host an open house you must
- correct answer be a license holder / pass a criminal background check
The Lease Listing Agent
- correct answer Hired to work in the best interest of the landlord
TREC Canons of Professional Ethics (6)
- correct answer Fidelity, Integrity, Competency, Consumer Information, Discriminatory Practices and
Information About Brokerage Services.
SB . 920
- correct answer grants access to residence or former residence to retrieve personal property, including
access based on danger or family violence
Reasonable Accommodation- Fair housing act
- correct answer is a change, execption, or adjustment to a rule for someone with a disability
HB 1099
- correct answer Tenants right to request emergency assistance
, On-site means
- correct answer Manager has an office within the premises
Residential resale option expires
- correct answer 5pm day on day of ending period
Condominium resale certificate is needed when
- correct answer The seller is not the declarant, or the seller is not the original developer
Hydrostatic test is
- correct answer negotiable
FIRPTA imposes a tax on foreign persons selling real estate
- correct answer 15%
SB 762
- correct answer The prosecution of offenses involving animals
Who fills in the effective date of the contract
- correct answer The broker does when all parties agree
SB 2212
- correct answer A person may sell their interest in a property as long as they disclose that they do not
own it
House Bill 804
- correct answer owner must send tenant tenant tax amount due within 15 days of receipt
House Bill 1288
- correct answer Allows counties to contract with brokers to lease county property
