PRINCIPLES 1 (PRACTICE EXAM
QUESTIONS AND ANSWERS)
Abstract
This document contains a complete set of practice exam questions and correct
answers for the Texas Real Estate Principles 1 course. It covers essential topics such
as licensing requirements, fair housing laws, agency relationships, ethics, liens, land
descriptions, and property ownership. The material is suitable for exam preparation
and reinforces key concepts tested in Texas real estate coursework.
Prof Morris
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, Question 1
Courses for the renewal of an active real estate broker or sales agent license are called
Correct Answer
continuing education (CE)
Question 2
What is the maximum amount that the Commission will pay from the real estate recovery
trust account for claims against any one license holder, until the account has been repaid in
full by the license holder?
Correct Answer
$100,000
Question 3
Which is owned by the tenant?
Correct Answer
a trade fixture
Question 4
Which of the following terms refers not only to the surface of the earth but also below to the
center of the earth, above to infinity, and natural things permanently attached but does NOT
refer to artificial things permanently attached?
Correct Answer
land
Question 5
If the court learns that the seller placed a sign that said "Not Included" on the stove every
time a buyer looked at the property, the court will consider which of the following in
determining whether the stove is a fixture, absent a written agreement?
Correct Answer
Intention of the parties
Question 6
What type of estate is complete ownership and exists for an unlimited time?
Correct Answer
fee simple
Question 7
If a condition of ownership is violated, title to the subject property automatically reverts to
the original owner in
Correct Answer
a determinable fee estate
Question 8
An urban homestead is limited to a lot or lots NOT to exceed how many acres?
Correct Answer
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