9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
Principles 1 Aceable Practice Tests EXAM
(updated 2025) Questions & Answers | Latest
Already Graded A+ UPDATE 2025|2026
Save
Terms in this set (156)
What is the money in the A) To pay an aggrieved party who has won a
Recovery Trust Account judgment against a licensee for damages from a real
used for? estate transaction
A) To pay an aggrieved
party who has won a
judgment against a
licensee for damages from
a real estate transaction
B) To pay commission that
agents were wrongfully
deprived of
C) For taxes for the state
of Texas
D) For TREC to recover
the funds to keep their
computer systems up to
date
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,9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
Wesley just bought a C) Riparian Rights
house with a creek that
flows along the south
boundary. He wants to use
the water to irrigate his
garden. Through which set
of rights is he entitled to
use this water?
A) Water Rights
B) Littoral Rights
C) Riparian Rights
D) Agricultural Use Rights
According to the canons C) The IABS Notice and the Consumer Protection
of professional ethics, Notice TREC No. CN 1-2
what two things MUST be
linked to a brokerage's
website?
A) A sample contract and
TREC Notice of
Representation No. 24
B) The Canons of
Professional Ethics and the
listing agreement
C) The IABS Notice and
the Consumer Protection
Notice TREC No. CN 1-2
D) The Consumer
Protection Notice and the
NAR Code of Ethics
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 2/79
,9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
A couple owns property D) According to the will
as community property. If
one spouse dies testate
(that is, with a will) and
had children outside of
this marriage, how will the
community property be
distributed?
A) It all goes to the
surviving spouse
B) The deceased spouse's
1/2 share will go to his or
her children
C) The deceased spouse's
1/2 share will be split
between the surviving
spouse and the children of
the deceased spouse
D) According to the will
Which of these owners or B) Sarah and Sally, an unmarried couple
groups of owners are
MOST likely to take title as
tenants in common with
no rights of survivorship?
A) David and Julie, a
married couple
B) Sarah and Sally, an
unmarried couple
C) Jim, an unmarried single
guy
D) Tomato Real Estate
Holdings, a corporation
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, 9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
Which of the following is D) An IRS tax lien
an example of a statutory
lien?
A) An equitable lien
B) A mortgage
C) A vendor's lien
D) An IRS tax lien
What is the difference A) Personal property is an unattached, moveable
between personal asset not considered real estate. Real property is
property and real land, improvements, and its corresponding rights.
property?
A) Personal property is an
unattached, moveable
asset not considered real
estate. Real property is
land, improvements, and
its
corresponding rights.
B) Personal property can
be turned into real
property, but real
property can't be turned
into personal property.
C) Personal property
includes all real property.
D) Real property always
goes with the seller.
Personal property always
goes with the buyer.
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 4/79
Principles 1 Aceable Practice Tests EXAM
(updated 2025) Questions & Answers | Latest
Already Graded A+ UPDATE 2025|2026
Save
Terms in this set (156)
What is the money in the A) To pay an aggrieved party who has won a
Recovery Trust Account judgment against a licensee for damages from a real
used for? estate transaction
A) To pay an aggrieved
party who has won a
judgment against a
licensee for damages from
a real estate transaction
B) To pay commission that
agents were wrongfully
deprived of
C) For taxes for the state
of Texas
D) For TREC to recover
the funds to keep their
computer systems up to
date
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 1/79
,9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
Wesley just bought a C) Riparian Rights
house with a creek that
flows along the south
boundary. He wants to use
the water to irrigate his
garden. Through which set
of rights is he entitled to
use this water?
A) Water Rights
B) Littoral Rights
C) Riparian Rights
D) Agricultural Use Rights
According to the canons C) The IABS Notice and the Consumer Protection
of professional ethics, Notice TREC No. CN 1-2
what two things MUST be
linked to a brokerage's
website?
A) A sample contract and
TREC Notice of
Representation No. 24
B) The Canons of
Professional Ethics and the
listing agreement
C) The IABS Notice and
the Consumer Protection
Notice TREC No. CN 1-2
D) The Consumer
Protection Notice and the
NAR Code of Ethics
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 2/79
,9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
A couple owns property D) According to the will
as community property. If
one spouse dies testate
(that is, with a will) and
had children outside of
this marriage, how will the
community property be
distributed?
A) It all goes to the
surviving spouse
B) The deceased spouse's
1/2 share will go to his or
her children
C) The deceased spouse's
1/2 share will be split
between the surviving
spouse and the children of
the deceased spouse
D) According to the will
Which of these owners or B) Sarah and Sally, an unmarried couple
groups of owners are
MOST likely to take title as
tenants in common with
no rights of survivorship?
A) David and Julie, a
married couple
B) Sarah and Sally, an
unmarried couple
C) Jim, an unmarried single
guy
D) Tomato Real Estate
Holdings, a corporation
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 3/79
, 9/17/25, 8:28 AM Principles 1 Aceable Practice Tests EXAM (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Fl…
Which of the following is D) An IRS tax lien
an example of a statutory
lien?
A) An equitable lien
B) A mortgage
C) A vendor's lien
D) An IRS tax lien
What is the difference A) Personal property is an unattached, moveable
between personal asset not considered real estate. Real property is
property and real land, improvements, and its corresponding rights.
property?
A) Personal property is an
unattached, moveable
asset not considered real
estate. Real property is
land, improvements, and
its
corresponding rights.
B) Personal property can
be turned into real
property, but real
property can't be turned
into personal property.
C) Personal property
includes all real property.
D) Real property always
goes with the seller.
Personal property always
goes with the buyer.
https://quizlet.com/1077863203/principles-1-aceable-practice-tests-exam-updated-2025-questions-answers-latest-already-graded-a-update-2025202… 4/79
