TEXAS PRINCIPLES OF REAL
ESTATE 1 FINAL EXAM,
PRACTICE EXAM AND STUDY
GUIDE NEWEST 2025 ALL IN
ONE DOCUMENT COMPLETE
COURSE 160 QUESTIONS AND
ANSWERS
Abstract
This document covers the full set of 160 questions and answers from the Texas
Principles of Real Estate I course, including the final exam, practice exam, and a
comprehensive study guide. It includes key topics such as agency, contracts, fair
housing, ethics, property ownership, legal descriptions, government powers, and
licensing law. The material is structured to help students prepare for TREC-related
coursework and exams and is suitable for both review and active study.
Prof Morris
For more info:
,Question 1
A real estate agent is an example of what type of agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
Correct Answer
Special Agent
Question 2
A means of comparing similar type properties, which have recently sold, to the subject
property is known as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
Correct Answer
Market Comparison Approach
Question 3
A contract in which a property owner employs a real estate broker to market the property
described in the contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
Correct Answer
Listing Contract
Question 4
Properties with five or more dwelling units are considered...?
Special Purpose Property
Commercial Property
Industrial Property
Residential Property
Correct Answer
Commercial Property
Question 5
The amount of goods offered for sale within a given market at a given price during a given
time period is known as...
For more info:
, Demand
GDP
Supply
None of the above
Correct Answer
Supply
Question 6
The general uses of real property include which of the following...?
Residential
Industrial
Commercial
All of the above
Correct Answer
All of the Above
Question 7
If a real estate salesperson closes on a transaction, who pays the salesperson their
commission...?
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
Correct Answer
The Salesperson's Sponsoring Broker
Question 8
A property manager is an example of what type of agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
Correct Answer
General Agent
Question 9
The employer of an agent is known as the...?
Principal
All of the above
Customer
Escrow
Correct Answer
For more info:
ESTATE 1 FINAL EXAM,
PRACTICE EXAM AND STUDY
GUIDE NEWEST 2025 ALL IN
ONE DOCUMENT COMPLETE
COURSE 160 QUESTIONS AND
ANSWERS
Abstract
This document covers the full set of 160 questions and answers from the Texas
Principles of Real Estate I course, including the final exam, practice exam, and a
comprehensive study guide. It includes key topics such as agency, contracts, fair
housing, ethics, property ownership, legal descriptions, government powers, and
licensing law. The material is structured to help students prepare for TREC-related
coursework and exams and is suitable for both review and active study.
Prof Morris
For more info:
,Question 1
A real estate agent is an example of what type of agent...?
Universal Agent
General Agent
Special Agent
Specific Agent
Correct Answer
Special Agent
Question 2
A means of comparing similar type properties, which have recently sold, to the subject
property is known as the...?
Cost Approach
Assessment Approach
Income Approach
Market Comparison Approach
Correct Answer
Market Comparison Approach
Question 3
A contract in which a property owner employs a real estate broker to market the property
described in the contract is known as the...
Agency Disclosure Contract
Purchase and Sales Contract
Closing Contract
Listing Contract
Correct Answer
Listing Contract
Question 4
Properties with five or more dwelling units are considered...?
Special Purpose Property
Commercial Property
Industrial Property
Residential Property
Correct Answer
Commercial Property
Question 5
The amount of goods offered for sale within a given market at a given price during a given
time period is known as...
For more info:
, Demand
GDP
Supply
None of the above
Correct Answer
Supply
Question 6
The general uses of real property include which of the following...?
Residential
Industrial
Commercial
All of the above
Correct Answer
All of the Above
Question 7
If a real estate salesperson closes on a transaction, who pays the salesperson their
commission...?
The Buyer
The salesperson's sponsoring broker
Whatever is stated in the listing agreement
The Seller
Correct Answer
The Salesperson's Sponsoring Broker
Question 8
A property manager is an example of what type of agent...?
Universal Agent
Specific Agent
General Agent
Special Agent
Correct Answer
General Agent
Question 9
The employer of an agent is known as the...?
Principal
All of the above
Customer
Escrow
Correct Answer
For more info:
