Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
Apartment Locator - CORRECT ANSWERS ✔✔a real
estate license holder who locates dwelling units for
prospective tenants
Tenant - CORRECT ANSWERS ✔✔one who possesses a
property under lease without ownership
Broker - CORRECT ANSWERS ✔✔someone who assists
in buying and selling to receive a commission
Client - CORRECT ANSWERS ✔✔the person that an
agent is representing, made official through
representation document
Sales Agent Apprentice Education (SAE) - CORRECT
ANSWERS ✔✔an educational requirement for courses
in the first two years of being licensed as a real estate
agent
Consumer - CORRECT ANSWERS ✔✔A person or
company that buys or leases any product or service
,Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
Land - CORRECT ANSWERS ✔✔the surface of the
earth, extending down to the center of the Earth and up
into space
Real Estate - CORRECT ANSWERS ✔✔includes the land
and any natural or manmade improvements attached to
it
Real Property - CORRECT ANSWERS ✔✔includes land
and any natural or manmade improvements attached to
it, plus the bundle of legal rights of ownership
Personal Property - CORRECT ANSWERS ✔✔items that
can easily be removed from the land
Immobility - CORRECT ANSWERS ✔✔characteristic of
land stating that land has a particular geographical
location that will remain constant, barring erosion or slow
geological changes
Real Estate Broker - CORRECT ANSWERS ✔✔a person
or corporation who markets to find buyers and sellers to
put together in exchange for a commission
,Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
broker's price opinion (BPO) - CORRECT ANSWERS
✔✔a broker's price opinion is the process used by a hired
sales agent to determine the potential selling price or
estimated value of a real estate property
Closing - CORRECT ANSWERS ✔✔the completion of a
real estate transaction in which the buyer receives
ownership and the seller receives the contract amount
Comparative Market Analysis (CMA) - CORRECT
ANSWERS ✔✔a report comparing the prices of sold
homes that are similar to the subject property (called
comparables); created by a license holder to help the
seller or buyer determine the market price
Mispresentation - CORRECT ANSWERS ✔✔a false
statement (spoken or written) that is made
unintentionally
Party - CORRECT ANSWERS ✔✔a person involved in a
contract for sale, lease or agency
, Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
Commingle - CORRECT ANSWERS ✔✔an illegal act of a
license holder who mixes their own money with a clients
or customers money
Promulgated Forms - CORRECT ANSWERS ✔✔forms
prepared and authorized by the Texas Real Estate
Commission that MUST be used by real estate license
holders
Approved Forms - CORRECT ANSWERS ✔✔forms
prepared and authorized by the Texas Real Estate
Commission that CAN be used by real estate license
holders
Cloud on title - CORRECT ANSWERS ✔✔an
encumbrance that keeps the title to the property from
transferring easily
Puffing - CORRECT ANSWERS ✔✔the exaggeration of
opinions about real estate
Estate 1 Exam Question & Answers
2026
Apartment Locator - CORRECT ANSWERS ✔✔a real
estate license holder who locates dwelling units for
prospective tenants
Tenant - CORRECT ANSWERS ✔✔one who possesses a
property under lease without ownership
Broker - CORRECT ANSWERS ✔✔someone who assists
in buying and selling to receive a commission
Client - CORRECT ANSWERS ✔✔the person that an
agent is representing, made official through
representation document
Sales Agent Apprentice Education (SAE) - CORRECT
ANSWERS ✔✔an educational requirement for courses
in the first two years of being licensed as a real estate
agent
Consumer - CORRECT ANSWERS ✔✔A person or
company that buys or leases any product or service
,Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
Land - CORRECT ANSWERS ✔✔the surface of the
earth, extending down to the center of the Earth and up
into space
Real Estate - CORRECT ANSWERS ✔✔includes the land
and any natural or manmade improvements attached to
it
Real Property - CORRECT ANSWERS ✔✔includes land
and any natural or manmade improvements attached to
it, plus the bundle of legal rights of ownership
Personal Property - CORRECT ANSWERS ✔✔items that
can easily be removed from the land
Immobility - CORRECT ANSWERS ✔✔characteristic of
land stating that land has a particular geographical
location that will remain constant, barring erosion or slow
geological changes
Real Estate Broker - CORRECT ANSWERS ✔✔a person
or corporation who markets to find buyers and sellers to
put together in exchange for a commission
,Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
broker's price opinion (BPO) - CORRECT ANSWERS
✔✔a broker's price opinion is the process used by a hired
sales agent to determine the potential selling price or
estimated value of a real estate property
Closing - CORRECT ANSWERS ✔✔the completion of a
real estate transaction in which the buyer receives
ownership and the seller receives the contract amount
Comparative Market Analysis (CMA) - CORRECT
ANSWERS ✔✔a report comparing the prices of sold
homes that are similar to the subject property (called
comparables); created by a license holder to help the
seller or buyer determine the market price
Mispresentation - CORRECT ANSWERS ✔✔a false
statement (spoken or written) that is made
unintentionally
Party - CORRECT ANSWERS ✔✔a person involved in a
contract for sale, lease or agency
, Texas Pre-License-Principles of Real
Estate 1 Exam Question & Answers
2026
Commingle - CORRECT ANSWERS ✔✔an illegal act of a
license holder who mixes their own money with a clients
or customers money
Promulgated Forms - CORRECT ANSWERS ✔✔forms
prepared and authorized by the Texas Real Estate
Commission that MUST be used by real estate license
holders
Approved Forms - CORRECT ANSWERS ✔✔forms
prepared and authorized by the Texas Real Estate
Commission that CAN be used by real estate license
holders
Cloud on title - CORRECT ANSWERS ✔✔an
encumbrance that keeps the title to the property from
transferring easily
Puffing - CORRECT ANSWERS ✔✔the exaggeration of
opinions about real estate
