REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1 LATEST
QUESTIONS AND ACCURATE ANSWERS FOR GUARANTEED
RESULTS
Sponsoring Broker of the Salesperson: ANSWER : When a real estate
salesperson completes a deal, who is responsible for paying the salesperson's
commission?
General Agent: ANSWER: An agent who has complete control over one of the
principle's properties. Property Manager, for instance.
Supply: ANSWER The quantity of products available for purchase in a market
at a specific price over a specified time frame.
A listing is an example of a specific agent, which is an agent having restricted
power to act on behalf of the principal. Real estate agent EX.
The market comparison approach is a way to compare the subject property to
similar properties that have recently sold. frequently employed while evaluating
residential properties.
ANSWER 1: General Uses of Real Property. Commercial, industrial, and
residential.
One of the primary players in a real estate transaction, such as a buyer,
borrower, seller, or lessor, is the principal—ANSWER: the employer of an
agent.
Commercial Real Estate: ANSWER Properties that have five or more
residential units. Real estate used for business purposes or that generates rental
income
All property that is not land and is not permanently affixed to land is considered
personal property. (Mobile)
, When deciding whether an item is a fixture or not, which of the following is
regarded as a legal test? ANSWER The parties' intention, the item's
modification, and the method and durability of the item's attachment
The usual method for transferring personal property is a...? The Bill of Sale in
response
Which of the following rights is usually regarded as superseding mineral rights?
REPLY Surface rights
In general, mobile homes that are not permanently affixed to the soil are
regarded as... ANSWER: Private Property
Which of the following describes a benefit of home ownership? ANSWER Tax
advantages
pride in one's possessions
Possibility of asset growth
Of the following, which is NOT a type of real estate? The cooperative answer
Which of the following is held by cooperative flat owners? ANSWER:
Exclusive lease
A person who hasn't owned any real estate for the past two years or more is
referred to as a...? ANSWER: First-time buyer of a home
What is the term for an insurance policy that offers protection against a range of
risks? ANSWER Policy for Homeowners
A type of real estate ownership that is accepted in every state and includes co-
ownership of some features of the property and individual ownership of others
is called a...? ANSWER Condo
How much profit may an individual avoid paying in capital gains taxes if they
have resided in the residence for at least two of the previous five years? -
REPLY $250,000
An abandoned school building was purchased by a local real estate developer
who planned to turn it into residential space. Here's an illustration of a...
ANSWER: Converted-use attribute
QUESTIONS AND ACCURATE ANSWERS FOR GUARANTEED
RESULTS
Sponsoring Broker of the Salesperson: ANSWER : When a real estate
salesperson completes a deal, who is responsible for paying the salesperson's
commission?
General Agent: ANSWER: An agent who has complete control over one of the
principle's properties. Property Manager, for instance.
Supply: ANSWER The quantity of products available for purchase in a market
at a specific price over a specified time frame.
A listing is an example of a specific agent, which is an agent having restricted
power to act on behalf of the principal. Real estate agent EX.
The market comparison approach is a way to compare the subject property to
similar properties that have recently sold. frequently employed while evaluating
residential properties.
ANSWER 1: General Uses of Real Property. Commercial, industrial, and
residential.
One of the primary players in a real estate transaction, such as a buyer,
borrower, seller, or lessor, is the principal—ANSWER: the employer of an
agent.
Commercial Real Estate: ANSWER Properties that have five or more
residential units. Real estate used for business purposes or that generates rental
income
All property that is not land and is not permanently affixed to land is considered
personal property. (Mobile)
, When deciding whether an item is a fixture or not, which of the following is
regarded as a legal test? ANSWER The parties' intention, the item's
modification, and the method and durability of the item's attachment
The usual method for transferring personal property is a...? The Bill of Sale in
response
Which of the following rights is usually regarded as superseding mineral rights?
REPLY Surface rights
In general, mobile homes that are not permanently affixed to the soil are
regarded as... ANSWER: Private Property
Which of the following describes a benefit of home ownership? ANSWER Tax
advantages
pride in one's possessions
Possibility of asset growth
Of the following, which is NOT a type of real estate? The cooperative answer
Which of the following is held by cooperative flat owners? ANSWER:
Exclusive lease
A person who hasn't owned any real estate for the past two years or more is
referred to as a...? ANSWER: First-time buyer of a home
What is the term for an insurance policy that offers protection against a range of
risks? ANSWER Policy for Homeowners
A type of real estate ownership that is accepted in every state and includes co-
ownership of some features of the property and individual ownership of others
is called a...? ANSWER Condo
How much profit may an individual avoid paying in capital gains taxes if they
have resided in the residence for at least two of the previous five years? -
REPLY $250,000
An abandoned school building was purchased by a local real estate developer
who planned to turn it into residential space. Here's an illustration of a...
ANSWER: Converted-use attribute
