PRINCIPLES OF REAL ESTATE 1 CERTIFICATION
EVALUATION EXAM 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ No, because the buyer's consideration is promise to buy. Answer: In a
purchase offer, is earnest money required to have a binding contract?
◉ Yes, Sarah can require that Robert fulfill the contract terms. Answer:
Robert and Sarah enter into a contract for Sarah to purchase Robert's
home. Robert decides he doesn't ant to sell and is elated when he finds
out that Sarah's only 17 years old. Can Sarah force Robert to sell?
◉ An east-west line used as a reference point. Answer: In the rectangular
government survey system, what's a base line?
◉ A list of contacts, both personal and professional, who already know
and trust the licensee. Answer: Who or what is a licensee's sphere of
influence?
◉ Give the proceeds to the beneficiary. Answer: When a land trust
expires, the trustee must either extend the trust term or sell the real estate
and _____.
,◉ Estate/inheritance lien. Answer: What type of lien is defined as an
involuntary lien placed on all of the property received by a deceased
person's heirs?
◉ Any contract or conspiracy resulting in the substantial decrease of
competitive trade or commerce within the state. Answer: Which of the
following does the Texas Free Enterprise and Antitrust Act of 1983 make
unlawful?
◉ Real property tax lien. Answer: Which type of lien is placed against
property owners who have not paid their property taxes?
◉ When supply is low and demand is high. Answer: What does a seller's
market occur?
◉ By multiplying the property's assessed value by the tax rate. Answer:
How is ad valorem property tax calculated?
◉ When attempting to obtain flood insurance in some areas. Answer:
When is an elevation certificate required?
◉ beneficiary. Answer: All trusts have three parties: the trustor, the
trustee, and the _______.
, ◉ Estate at will. Answer: Which of the following is a leasehold estate
for an unknown period of time, with either party permitted to terminate
the lease by giving notice to the offer?
◉ Prompt presentation of all written offers and counter-offers. Answer:
Which of the following fiduciary duties is owed to both clients and
customers?
◉ Resolve missed payments. Answer: Which of the following is a way
to improve your credit score?
◉ A survey that includes a legal description and a survey sketch.
Answer: What does a land surveyor produce?
◉ Real estate appraiser. Answer: In the real estate business, which
professional's primary role is to estimate property value based on
established valuation guidelines?
◉ Timeshare use. Answer: Ellen and Isaac have a timeshare near the
Grand Canyon. They'll be able to use it for two weeks every September,
for the next eight years. What type of timeshare is this?
◉ 5,280 feet. Answer: How long is a mile?
EVALUATION EXAM 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ No, because the buyer's consideration is promise to buy. Answer: In a
purchase offer, is earnest money required to have a binding contract?
◉ Yes, Sarah can require that Robert fulfill the contract terms. Answer:
Robert and Sarah enter into a contract for Sarah to purchase Robert's
home. Robert decides he doesn't ant to sell and is elated when he finds
out that Sarah's only 17 years old. Can Sarah force Robert to sell?
◉ An east-west line used as a reference point. Answer: In the rectangular
government survey system, what's a base line?
◉ A list of contacts, both personal and professional, who already know
and trust the licensee. Answer: Who or what is a licensee's sphere of
influence?
◉ Give the proceeds to the beneficiary. Answer: When a land trust
expires, the trustee must either extend the trust term or sell the real estate
and _____.
,◉ Estate/inheritance lien. Answer: What type of lien is defined as an
involuntary lien placed on all of the property received by a deceased
person's heirs?
◉ Any contract or conspiracy resulting in the substantial decrease of
competitive trade or commerce within the state. Answer: Which of the
following does the Texas Free Enterprise and Antitrust Act of 1983 make
unlawful?
◉ Real property tax lien. Answer: Which type of lien is placed against
property owners who have not paid their property taxes?
◉ When supply is low and demand is high. Answer: What does a seller's
market occur?
◉ By multiplying the property's assessed value by the tax rate. Answer:
How is ad valorem property tax calculated?
◉ When attempting to obtain flood insurance in some areas. Answer:
When is an elevation certificate required?
◉ beneficiary. Answer: All trusts have three parties: the trustor, the
trustee, and the _______.
, ◉ Estate at will. Answer: Which of the following is a leasehold estate
for an unknown period of time, with either party permitted to terminate
the lease by giving notice to the offer?
◉ Prompt presentation of all written offers and counter-offers. Answer:
Which of the following fiduciary duties is owed to both clients and
customers?
◉ Resolve missed payments. Answer: Which of the following is a way
to improve your credit score?
◉ A survey that includes a legal description and a survey sketch.
Answer: What does a land surveyor produce?
◉ Real estate appraiser. Answer: In the real estate business, which
professional's primary role is to estimate property value based on
established valuation guidelines?
◉ Timeshare use. Answer: Ellen and Isaac have a timeshare near the
Grand Canyon. They'll be able to use it for two weeks every September,
for the next eight years. What type of timeshare is this?
◉ 5,280 feet. Answer: How long is a mile?
