AYPO – TEXAS – PRINCIPLES OF REAL ESTATE I EXAM QUESTIONS WITH VERIFIED
SOLUTIONS GRADED A+
D) Texas Real Estate Commission (TREC) - Answers What is the name of the governing body for
real estate in Texas?
A. Texas Real Estate Constitution (TREC)
B. Texas Real Estate Counselors (TREC)
C. Texas Real Estate Council (TREC)
D. Texas Real Estate Commission (TREC)
D) they conduct the unlawful practice of Law - Answers TREC has the authority under TRELA to
suspend or even revoke a broker's license if:
A) they conduct the unauthorized practice of negotiation.
B) they conduct the unlicensed practice of property management.
C) they conduct the unlicensed practice of property development.
D) they conduct the unlawful practice of Law.
B) Education Standards Advisory Committee - Answers ESAC stands for:
A) Education Systems Assistance Corporation
B) Education Standards Advisory Committee
C) Employment Standards Advisory Committee
D) Employment Standards Advisory Committee
A) Situs - Answers What refers to a location from an economic rather than a geographic
standpoint?
A) Situs
B) Homogeneity
C) Immobility
D) Topography
C) 5th Amendment. - Answers Which amendment guarantees that a citizen will not be deprived
of property without due process of law?
,A) 14th Amendment
B) 2nd Amendment.
C) 5th Amendment.
D) No amendment covers this eventuality.
A) Consumer Financial Protection Bureau - Answers The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau
B) further a particular profession and the interests of individuals engaged in that profession. -
Answers A professional organization or association is usually a not-for-profit organization that
seeks to:
A) find new revenue sources to grow the organization.
B) further a particular profession and the interests of individuals engaged in that profession.
C) allow like-minded individuals to exclusively meet to discuss business issues with each other.
D) hold educational seminars for the public to make them aware of the organization.
D) Future estimated value - Answers Which of these IS NOT a type of real property value?
A) Assessed value
B) Estimated sales value
C) Replacement value
D) Future estimated value
A) Recession. - Answers A contraction or generally slowing down of the economy is a:
A) Recession.
B) Expansion.
C) Depression.
D) Revival.
,D) All of these answers are correct. - Answers What is the primary purpose for real estate
licensing laws?
A) To protect the general public during real estate transactions from dishonest or incompetent
brokers and sales agents.
B) To set out minimum standards and qualifications for licensing brokers and sales agents.
C) To protect licensed brokers and sales agents from unfair or improper competition.
D) All of these answers are correct.
B) to the respondent of the complaint. - Answers Per 1101.2051(b), information or material
prepared or compiled by the commission in connection with a complaint, investigation, or audit
may be disclosed:
A) it may not be disclosed under any circumstances.
B) to the respondent of the complaint.
C) to a legal representative of the complainant.
D) to a citizen writing in a complaint against a licensee.
C) on the Internet. - Answers According to Sec. 1101.159, the commission must ensure that the
public is able to interact with the commission:
A) in the Texas Legislature.
B) in TREC meetings.
C) on the Internet.
D) in person.
C) Fixity - Answers Investment permanence is another term for:
A) Scarcity
B) Situs
C) Fixity
D) Modification
D) All of these - Answers The Real Estate License Act defines a broker as a person who does
which of these?
A) Negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real
, estate
B) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange
C) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real
estate
D) All of these
C) Amusement Park Management - Answers A short list of types of specialized brokerages in
Texas, includes all of these, except:
A) Rental Properties
B) Property Management
C) Amusement Park Management
D) Farm and Ranch Properties
A) Forestry Maintenance - Answers Which of these is NOT a type of real property?
A) Forestry Maintenance
B) Agricultural
C) Mixed Use Property
D) Commercial
B) All of these. - Answers Real property, often referred to as real estate, includes which of the
following?
A) Land.
B) All of these.
C) Natural resources like water, minerals, and crops.
D) Structures attached directly to the land.
A) harvestable plants, trees, and cultivated vegetation. - Answers "Emblements" are best
described by which of the following?
A) harvestable plants, trees, and cultivated vegetation.
B) impediments to the free and clear ownership and use of property.
C) the unauthorized intrusion of vegetation onto another person's land.
SOLUTIONS GRADED A+
D) Texas Real Estate Commission (TREC) - Answers What is the name of the governing body for
real estate in Texas?
A. Texas Real Estate Constitution (TREC)
B. Texas Real Estate Counselors (TREC)
C. Texas Real Estate Council (TREC)
D. Texas Real Estate Commission (TREC)
D) they conduct the unlawful practice of Law - Answers TREC has the authority under TRELA to
suspend or even revoke a broker's license if:
A) they conduct the unauthorized practice of negotiation.
B) they conduct the unlicensed practice of property management.
C) they conduct the unlicensed practice of property development.
D) they conduct the unlawful practice of Law.
B) Education Standards Advisory Committee - Answers ESAC stands for:
A) Education Systems Assistance Corporation
B) Education Standards Advisory Committee
C) Employment Standards Advisory Committee
D) Employment Standards Advisory Committee
A) Situs - Answers What refers to a location from an economic rather than a geographic
standpoint?
A) Situs
B) Homogeneity
C) Immobility
D) Topography
C) 5th Amendment. - Answers Which amendment guarantees that a citizen will not be deprived
of property without due process of law?
,A) 14th Amendment
B) 2nd Amendment.
C) 5th Amendment.
D) No amendment covers this eventuality.
A) Consumer Financial Protection Bureau - Answers The CFPB is the:
A) Consumer Financial Protection Bureau
B) Customer Financial Protection Bureau
C) Consumer Fiscal Protection Bureau
D) Client Financial Protection Bureau
B) further a particular profession and the interests of individuals engaged in that profession. -
Answers A professional organization or association is usually a not-for-profit organization that
seeks to:
A) find new revenue sources to grow the organization.
B) further a particular profession and the interests of individuals engaged in that profession.
C) allow like-minded individuals to exclusively meet to discuss business issues with each other.
D) hold educational seminars for the public to make them aware of the organization.
D) Future estimated value - Answers Which of these IS NOT a type of real property value?
A) Assessed value
B) Estimated sales value
C) Replacement value
D) Future estimated value
A) Recession. - Answers A contraction or generally slowing down of the economy is a:
A) Recession.
B) Expansion.
C) Depression.
D) Revival.
,D) All of these answers are correct. - Answers What is the primary purpose for real estate
licensing laws?
A) To protect the general public during real estate transactions from dishonest or incompetent
brokers and sales agents.
B) To set out minimum standards and qualifications for licensing brokers and sales agents.
C) To protect licensed brokers and sales agents from unfair or improper competition.
D) All of these answers are correct.
B) to the respondent of the complaint. - Answers Per 1101.2051(b), information or material
prepared or compiled by the commission in connection with a complaint, investigation, or audit
may be disclosed:
A) it may not be disclosed under any circumstances.
B) to the respondent of the complaint.
C) to a legal representative of the complainant.
D) to a citizen writing in a complaint against a licensee.
C) on the Internet. - Answers According to Sec. 1101.159, the commission must ensure that the
public is able to interact with the commission:
A) in the Texas Legislature.
B) in TREC meetings.
C) on the Internet.
D) in person.
C) Fixity - Answers Investment permanence is another term for:
A) Scarcity
B) Situs
C) Fixity
D) Modification
D) All of these - Answers The Real Estate License Act defines a broker as a person who does
which of these?
A) Negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real
, estate
B) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange
C) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real
estate
D) All of these
C) Amusement Park Management - Answers A short list of types of specialized brokerages in
Texas, includes all of these, except:
A) Rental Properties
B) Property Management
C) Amusement Park Management
D) Farm and Ranch Properties
A) Forestry Maintenance - Answers Which of these is NOT a type of real property?
A) Forestry Maintenance
B) Agricultural
C) Mixed Use Property
D) Commercial
B) All of these. - Answers Real property, often referred to as real estate, includes which of the
following?
A) Land.
B) All of these.
C) Natural resources like water, minerals, and crops.
D) Structures attached directly to the land.
A) harvestable plants, trees, and cultivated vegetation. - Answers "Emblements" are best
described by which of the following?
A) harvestable plants, trees, and cultivated vegetation.
B) impediments to the free and clear ownership and use of property.
C) the unauthorized intrusion of vegetation onto another person's land.
