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PRINCIPLES OF REAL ESTATE 1 FINAL
EXAM 2026 QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Which of the following property descriptions is not used in the
State of Texas? - correct answer -Government Survey
Until a purchase contract is closed upon, it is considered a/an...? -
correct answer -Executory contract
If one of the parties in a real estate transaction are not considered
competent, the contract between the parties is considered a/an...?
- correct answer -voidable contract
To mingle or mix, for example, a client's funds in the broker's
personal or general account is known as...? - correct answer -
commingling
Which of the following real estate contracts must be in writing...? -
correct answer -Purchase contract for a multi-family property
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Lease contract for greater than 1 year
Sales contract
Oral listing agreements between a seller and a broker are...? -
correct answer -Unenforceable
A fee simple estate is an example of which of the following
estates...? - correct answer -Freehold estate
A lien imposed against property without consent of an owner is
referred to as a/an...? - correct answer -involuntary lien
A right acquired by one party to use the land of another party for a
special purpose is known as a...? - correct answer -Easement
Which of the following acronyms can be used to describe
government powers with regards to real property...? - correct
answer -PETE
PRINCIPLES OF REAL ESTATE 1 FINAL
EXAM 2026 QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Which of the following property descriptions is not used in the
State of Texas? - correct answer -Government Survey
Until a purchase contract is closed upon, it is considered a/an...? -
correct answer -Executory contract
If one of the parties in a real estate transaction are not considered
competent, the contract between the parties is considered a/an...?
- correct answer -voidable contract
To mingle or mix, for example, a client's funds in the broker's
personal or general account is known as...? - correct answer -
commingling
Which of the following real estate contracts must be in writing...? -
correct answer -Purchase contract for a multi-family property
, Page | 2
Lease contract for greater than 1 year
Sales contract
Oral listing agreements between a seller and a broker are...? -
correct answer -Unenforceable
A fee simple estate is an example of which of the following
estates...? - correct answer -Freehold estate
A lien imposed against property without consent of an owner is
referred to as a/an...? - correct answer -involuntary lien
A right acquired by one party to use the land of another party for a
special purpose is known as a...? - correct answer -Easement
Which of the following acronyms can be used to describe
government powers with regards to real property...? - correct
answer -PETE
