PRINCIPLES 1 REAL ESTATE CERTIFICATION
EVALUATION EXAMS 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ What is required of lease contracts with a lease period of one year or
more that is not required for leases of less than a year? Answer: They
must be in writing
◉ What does the ADA do? Answer: Prohibits discrimination against
people with disabilities
◉ Which of these groups of people would not need a real estate license
to perform real estate actions under Sec. 1101.005 of TRELA? Answer:
an onsite apartment manger and licensed lawyer in Texas
◉ An agreement that gives one broker and the owner the right to sell the
property is called a(n): Answer: exclusive agency listing
◉ What is the correct term or phrase for encouraging the panic selling of
homes at below their market value? Answer: Blockbusting
, ◉ What is the primary tenet of the NAR Code of Ethics? Answer: Real
estate professionals must treat all parties transactions fairly and honest.
◉ What will a CLUE report tell you about a parcel of real estate?
Answer: Whether there has been an insurance claim on it in the last five
years.
◉ All partners assume unlimited personal liability in what type of
business organization? Answer: General partnership
◉ Which of these statements about the Equal Credit Opportunity Act is
TRUE? Answer: A lender can ask whether you are married or unmarried
under certain conditions.
◉ After receiving a penalization notification, how many days does a
licensee have to request a hearing? Answer: 20
◉ What is unique about an exclusive right-to-sell listing agreement?
Answer: The broker gets compensation regardless of who sells the
property.
◉ The Golden Rule says to treat others like: Answer: you would want to
be treated
EVALUATION EXAMS 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ What is required of lease contracts with a lease period of one year or
more that is not required for leases of less than a year? Answer: They
must be in writing
◉ What does the ADA do? Answer: Prohibits discrimination against
people with disabilities
◉ Which of these groups of people would not need a real estate license
to perform real estate actions under Sec. 1101.005 of TRELA? Answer:
an onsite apartment manger and licensed lawyer in Texas
◉ An agreement that gives one broker and the owner the right to sell the
property is called a(n): Answer: exclusive agency listing
◉ What is the correct term or phrase for encouraging the panic selling of
homes at below their market value? Answer: Blockbusting
, ◉ What is the primary tenet of the NAR Code of Ethics? Answer: Real
estate professionals must treat all parties transactions fairly and honest.
◉ What will a CLUE report tell you about a parcel of real estate?
Answer: Whether there has been an insurance claim on it in the last five
years.
◉ All partners assume unlimited personal liability in what type of
business organization? Answer: General partnership
◉ Which of these statements about the Equal Credit Opportunity Act is
TRUE? Answer: A lender can ask whether you are married or unmarried
under certain conditions.
◉ After receiving a penalization notification, how many days does a
licensee have to request a hearing? Answer: 20
◉ What is unique about an exclusive right-to-sell listing agreement?
Answer: The broker gets compensation regardless of who sells the
property.
◉ The Golden Rule says to treat others like: Answer: you would want to
be treated
