AYPO REAL ESTATE UPDATED EXAMS SCRIPT
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔ - ✔✔prescribe the title, content, and duration of continuing education courses that a
license holder must attend to renew a license
✔✔what is the difference between a class c corp and a class s? - ✔✔not the anwser-
class s corps can only have a maximum of five board members.
✔✔ - ✔✔land
✔✔what are limited service brokers in the TX real estate industry? - ✔✔brokers who, for
a flat fee, will post info onto the mls but do not represent the seller in any other capacity.
✔✔according to section 1101.159, the commission must ensure that the public is able
to interact with the commission in which one? - ✔✔on the internet
✔✔which of these is not associated with metes and bounds measurements? -
✔✔statues
✔✔the texas fair housing act also prescribes how complaints will be brought and
enforced? - ✔✔any of these methods
✔✔in the rectangular survey system, what are straight, imaginary lines running north
and south and parallel to a principal meridian? - ✔✔range lines
✔✔the texas defeinition of consumer goods inculdes just about everything except? -
✔✔intangibles like stocks
✔✔which of the following are common law fiduciary duties? -
✔✔care,disclosure,loyalty,accounting, and obedience
✔✔what is the remedy called when one party has made a good faith effort to perform
their obligations under a contract and the other party has not? - ✔✔specific
performance
✔✔who determines the salaries of the executive director, officers, and employees of the
commission? - ✔✔the commision
✔✔what gives a property owner the right to determine who can and cant cross into a
piece of real estate? - ✔✔the right of exclusion
, ✔✔a net listing is a listing agreement in which the brokers commission? - ✔✔is the
difference (net) between the sales proceeds and an amount desired by the owner
✔✔the first multiple listing service in the u.s. begain where? - ✔✔baltimore
✔✔what refers to a location from an economic rather than a geographical standpoint? -
✔✔situs
✔✔compensation? - ✔✔the agreement to pay was in writing and signed by the party to
be charged
✔✔what causes great harm or substantially lessens the value of the contract for the
non-breaching party? - ✔✔material breach
✔✔ - ✔✔all of the anwsers are correct
✔✔common encumbrances include which of the following? - ✔✔easements, covenants,
liens, and encroachments
✔✔participants in a transaction execpt which? - ✔✔other brokers
✔✔procuring clause awards the real estate sales commision to the agent for which
one? - ✔✔the most direct influence on the transaction being completed
✔✔which of the following types of listing agreements are most common? - ✔✔exclusive
right to sell
✔✔which of these is not one of the five duties owed by a fiduciary? - ✔✔infidelity
✔✔a property that has been psychologically impacted by an event, which occured
orwas suspected to have occured on the property? - ✔✔stigmatized property
✔✔under legal guidelines established by by court precedent in contact law? -
✔✔printed agreements override signed and dated handwritten changes to the printed
agreement
✔✔emblements are best described by which of the following? - ✔✔harvestable
plants,trees, and cultivated vegetation
✔✔links, rods, and furlongs are all forms of? - ✔✔linear measurement
✔✔an educational system shall maintain a corporate surety bond or other securty
acceptable to the commission in what amount? - ✔✔$20,000
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔ - ✔✔prescribe the title, content, and duration of continuing education courses that a
license holder must attend to renew a license
✔✔what is the difference between a class c corp and a class s? - ✔✔not the anwser-
class s corps can only have a maximum of five board members.
✔✔ - ✔✔land
✔✔what are limited service brokers in the TX real estate industry? - ✔✔brokers who, for
a flat fee, will post info onto the mls but do not represent the seller in any other capacity.
✔✔according to section 1101.159, the commission must ensure that the public is able
to interact with the commission in which one? - ✔✔on the internet
✔✔which of these is not associated with metes and bounds measurements? -
✔✔statues
✔✔the texas fair housing act also prescribes how complaints will be brought and
enforced? - ✔✔any of these methods
✔✔in the rectangular survey system, what are straight, imaginary lines running north
and south and parallel to a principal meridian? - ✔✔range lines
✔✔the texas defeinition of consumer goods inculdes just about everything except? -
✔✔intangibles like stocks
✔✔which of the following are common law fiduciary duties? -
✔✔care,disclosure,loyalty,accounting, and obedience
✔✔what is the remedy called when one party has made a good faith effort to perform
their obligations under a contract and the other party has not? - ✔✔specific
performance
✔✔who determines the salaries of the executive director, officers, and employees of the
commission? - ✔✔the commision
✔✔what gives a property owner the right to determine who can and cant cross into a
piece of real estate? - ✔✔the right of exclusion
, ✔✔a net listing is a listing agreement in which the brokers commission? - ✔✔is the
difference (net) between the sales proceeds and an amount desired by the owner
✔✔the first multiple listing service in the u.s. begain where? - ✔✔baltimore
✔✔what refers to a location from an economic rather than a geographical standpoint? -
✔✔situs
✔✔compensation? - ✔✔the agreement to pay was in writing and signed by the party to
be charged
✔✔what causes great harm or substantially lessens the value of the contract for the
non-breaching party? - ✔✔material breach
✔✔ - ✔✔all of the anwsers are correct
✔✔common encumbrances include which of the following? - ✔✔easements, covenants,
liens, and encroachments
✔✔participants in a transaction execpt which? - ✔✔other brokers
✔✔procuring clause awards the real estate sales commision to the agent for which
one? - ✔✔the most direct influence on the transaction being completed
✔✔which of the following types of listing agreements are most common? - ✔✔exclusive
right to sell
✔✔which of these is not one of the five duties owed by a fiduciary? - ✔✔infidelity
✔✔a property that has been psychologically impacted by an event, which occured
orwas suspected to have occured on the property? - ✔✔stigmatized property
✔✔under legal guidelines established by by court precedent in contact law? -
✔✔printed agreements override signed and dated handwritten changes to the printed
agreement
✔✔emblements are best described by which of the following? - ✔✔harvestable
plants,trees, and cultivated vegetation
✔✔links, rods, and furlongs are all forms of? - ✔✔linear measurement
✔✔an educational system shall maintain a corporate surety bond or other securty
acceptable to the commission in what amount? - ✔✔$20,000
