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TEXAS REAL ESTATE PRINCIPLES EXAM UNIT 1-22
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Unit 1 Quiz
QUESTION# 1
The initials NAR stand for
c. National Association of REALTORS®.
QUESTION# 2
A REALTOR® is BEST described as an individual who is
a. a member of the National Association of REALTORS®.
QUESTION# 3
Which term refers to working with the parties in negotiating the sale, rental, or
purchase of real estate?
a. Appraisal
b. Consulting
c. Development
d. Brokerage PG 2
QUESTION# 4
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Which of the following is TRUE of the National Association of REALTORS®?
a. It is the largest trade association in the real estate industry.
QUESTION# 5
Members of the National Association of Real Estate Brokers refer to themselves as
c. Realtists.
QUESTION# 6
What real estate discipline is represented by BOMA?
c. BOMA represents building owners and managers.
QUESTION# 7
The purpose of the National Association of REALTORS® is to
b. keep members up to date on current housing trends, legal issues, and
brokerage business practices.
QUESTION# 8
Upon receiving a real estate license in Texas, which organization(s) are license
holders required to join?
d. None of these
QUESTION# 9
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The Texas Association of Real Estate Inspectors is primarily responsible for
a. enhancing the education and development of professional property
inspectors.
QUESTION# 10
What organization has the education of new and existing real estate license holders
as its primary objective?
b. The Texas Real Estate Teachers Association
QUESTION# 11
Which of the following is NOT an institute or society under the umbrella of the
National Association of REALTORS®?
b. Real Estate Law School
QUESTION# 12
The Women’s Council of REALTORS® offers training to receive which
professional certification?
d. Performance Management Network
QUESTION# 13
Real estate license holders who are not members of the National Association of
REALTORS® may call themselves
a. license holders or agents. PG 9
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b. REALTORS®.
c. Certified Residential Specialists.
d. Seller Representative Specialists.
QUESTION# 14
The Resort and Second Home Property Specialist designation is conferred on real
estate professionals by what organization?
d. The National Association of REALTORS®
QUESTION# 15
Which of the following designations is NOT offered by the National Association
of REALTORS®?
a. Certified Property Manager
b. Short Sale and Foreclosure Resources
c. Residential Accredited Appraiser
d. Certified Residential Appraiser PG 8-9
QUESTION# 16
Churches, government land, and schools are classified as which kind of property?
a. Special purpose
TEXAS REAL ESTATE PRINCIPLES EXAM UNIT 1-22
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Unit 1 Quiz
QUESTION# 1
The initials NAR stand for
c. National Association of REALTORS®.
QUESTION# 2
A REALTOR® is BEST described as an individual who is
a. a member of the National Association of REALTORS®.
QUESTION# 3
Which term refers to working with the parties in negotiating the sale, rental, or
purchase of real estate?
a. Appraisal
b. Consulting
c. Development
d. Brokerage PG 2
QUESTION# 4
,2|Page
Which of the following is TRUE of the National Association of REALTORS®?
a. It is the largest trade association in the real estate industry.
QUESTION# 5
Members of the National Association of Real Estate Brokers refer to themselves as
c. Realtists.
QUESTION# 6
What real estate discipline is represented by BOMA?
c. BOMA represents building owners and managers.
QUESTION# 7
The purpose of the National Association of REALTORS® is to
b. keep members up to date on current housing trends, legal issues, and
brokerage business practices.
QUESTION# 8
Upon receiving a real estate license in Texas, which organization(s) are license
holders required to join?
d. None of these
QUESTION# 9
,3|Page
The Texas Association of Real Estate Inspectors is primarily responsible for
a. enhancing the education and development of professional property
inspectors.
QUESTION# 10
What organization has the education of new and existing real estate license holders
as its primary objective?
b. The Texas Real Estate Teachers Association
QUESTION# 11
Which of the following is NOT an institute or society under the umbrella of the
National Association of REALTORS®?
b. Real Estate Law School
QUESTION# 12
The Women’s Council of REALTORS® offers training to receive which
professional certification?
d. Performance Management Network
QUESTION# 13
Real estate license holders who are not members of the National Association of
REALTORS® may call themselves
a. license holders or agents. PG 9
, 4|Page
b. REALTORS®.
c. Certified Residential Specialists.
d. Seller Representative Specialists.
QUESTION# 14
The Resort and Second Home Property Specialist designation is conferred on real
estate professionals by what organization?
d. The National Association of REALTORS®
QUESTION# 15
Which of the following designations is NOT offered by the National Association
of REALTORS®?
a. Certified Property Manager
b. Short Sale and Foreclosure Resources
c. Residential Accredited Appraiser
d. Certified Residential Appraiser PG 8-9
QUESTION# 16
Churches, government land, and schools are classified as which kind of property?
a. Special purpose
