REALESTATEU CHAPTER 1 TEST QUESTIONS AND ALL ANSWERS
VERIFIED
Broking: ANSWER The company that connects buyers and sellers and helps
them negotiate the conditions of a real estate transaction
Broker of Real Estate: ANSWER An individual or group negotiating the buy
and sell of real estate or other commodities on behalf of others in exchange for a
fee
ANSWER Broking is the company that connects buyers and sellers and helps
them negotiate the terms of a real estate transaction.
ANSWER Commercial Property is defined as real estate that generates rental
income or is utilised for commercial purposes.
Which of the following is a property owned by the government? 1. Trees 2.
Places of worship 3. Office structures 4. ANSWER Public Parks Public parks
These real estate agents specialise in leasing and celling office buildings and
shopping malls. ANSWER Commercial broking
Whether true or not, property inspectors need to hold a Texas real estate
commission licence. The answer is yes.
ANSWER Residential property is a form of property that consists of one to four
residential units.
Which of the following best describes a property with a special purpose? 1. a
church 2. a tall office building 3. Retail Mall 4. Self-storage space ANSWER
Church
, Salesperson for Real Estate: ANSWER someone who engages in any of the
activities included in the definition of a real estate broker while working
alongside and under the supervision of a broker.
Commercial Real Estate: A REPLY property used for business purposes or that
generates rental income. Commercial properties are those that have five or more
residential units.
Industrial property is defined as property that businesses or individuals utilise
for production, storage, or component assembly.
ANSWER: Special Purpose Property When land and its improvements are
combined for a single highest and greatest use, a new type of real property is
created.
ANSWER: Mixed-Use property Any urban, suburban, or village
development—or even just one building—that physically and functionally
integrates residential, commercial, cultural, institutional, or industrial purposes
while also creating pedestrian links
After obtaining your real estate licence, which of the following courses are
taken? ANSWER Continuing education courses
How many hours of classroom time are required for the qualifying real estate
principles course? ANSWER 60
In order to receive a real estate broker's licence, how many points must an
applicant earn? ANSWER 3600
Regularly reviewing and updating the curriculum standards, course content
criteria, and instructor certification requirements for qualifying and continuing
education courses is the goal of the Education Standard Advisory Committee
(ESAC). False or true—ANSWER: True
To get your real estate licence, you must complete a pre-licensing course. What
kind of course is it? Courses for qualifying education
VERIFIED
Broking: ANSWER The company that connects buyers and sellers and helps
them negotiate the conditions of a real estate transaction
Broker of Real Estate: ANSWER An individual or group negotiating the buy
and sell of real estate or other commodities on behalf of others in exchange for a
fee
ANSWER Broking is the company that connects buyers and sellers and helps
them negotiate the terms of a real estate transaction.
ANSWER Commercial Property is defined as real estate that generates rental
income or is utilised for commercial purposes.
Which of the following is a property owned by the government? 1. Trees 2.
Places of worship 3. Office structures 4. ANSWER Public Parks Public parks
These real estate agents specialise in leasing and celling office buildings and
shopping malls. ANSWER Commercial broking
Whether true or not, property inspectors need to hold a Texas real estate
commission licence. The answer is yes.
ANSWER Residential property is a form of property that consists of one to four
residential units.
Which of the following best describes a property with a special purpose? 1. a
church 2. a tall office building 3. Retail Mall 4. Self-storage space ANSWER
Church
, Salesperson for Real Estate: ANSWER someone who engages in any of the
activities included in the definition of a real estate broker while working
alongside and under the supervision of a broker.
Commercial Real Estate: A REPLY property used for business purposes or that
generates rental income. Commercial properties are those that have five or more
residential units.
Industrial property is defined as property that businesses or individuals utilise
for production, storage, or component assembly.
ANSWER: Special Purpose Property When land and its improvements are
combined for a single highest and greatest use, a new type of real property is
created.
ANSWER: Mixed-Use property Any urban, suburban, or village
development—or even just one building—that physically and functionally
integrates residential, commercial, cultural, institutional, or industrial purposes
while also creating pedestrian links
After obtaining your real estate licence, which of the following courses are
taken? ANSWER Continuing education courses
How many hours of classroom time are required for the qualifying real estate
principles course? ANSWER 60
In order to receive a real estate broker's licence, how many points must an
applicant earn? ANSWER 3600
Regularly reviewing and updating the curriculum standards, course content
criteria, and instructor certification requirements for qualifying and continuing
education courses is the goal of the Education Standard Advisory Committee
(ESAC). False or true—ANSWER: True
To get your real estate licence, you must complete a pre-licensing course. What
kind of course is it? Courses for qualifying education
