Texas real estate state Study guides, Class notes & Summaries
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers 
Name some persons that are exempt from needing an auctioneer license. - CORRECT ANSWERS 1. U.S. court ordered sale 
2. A government sponsored or conducted sale. 
3. A charitable organization as long as no compensation 
4. A sale of real property by a trustee under a security instrument. 
5.A sale of real property by an owner with an interest or employee (unless he/she is a licensed auctioneer by trade) and all pr...
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker 
 
Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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Principles of Real Estate 1- Champions School of Real Estate Exam 2023/2024 Graded A+
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a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of 
A.) scarcity 
B.) Fixity 
C.) Situs 
D.) Modification - Correct Answer D.) Modification 
 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - Correct Answer D.) All of these 
 
The least important factor affecting demand for real esta...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... 
 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brok...
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
 
The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities 
 
The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting 
 
Which of the...
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Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers
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Deficiency 
A ________, in the reasonable judgment of the inspector, is a condition that adversely 
and materially affects the performance of a system, or component. 
 
 
 
Inspection 
Process of examining accessible items, and 
reporting their condition 
 
 
 
RESPA 
Prohibits abusive practices like undisclosed 
referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. 
 
 
 
Departure Provision 
The inspector may not inspect an item if the ...
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Real Estate Brokerage SAE - Champion's School of Real Estate| 291 questions and answers
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Search Engine Optimization (SEO) 
The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
 
 
Fcebook Live 
Video streaming through facebook. 
 
 
 
CoStar Database 
Functions much like a residential MLS, connecting commercial agents with brokerages, owners, lenders, property managers, appraisers, and investors. 
 
 
 
Virtual Reality (VR) 
A computer-generated image or environment that c...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Texas Real Estate State Exam Questions and Answers 100% Pass
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Texas Real Estate State Exam Questions and Answers 100% Pass When was TREC created? 1947 
TREC has the authority to.. make rules and regulations. It's rules and laws govern license holders 
TREC has how many commission members? 9 members, 3 represent the general public and 6 are real estate brokers 
TREC has the power to.. subpoena books, records, and witnesses and issue and revoke real estate licenses 
If your license is revoked by TREC... You can appeal the decision to the district court 
Who...