Texas Real Estate Principles 1 with all Correct & 100%
Verified Answers |Latest Version |Already Graded A+
Courses for the renewal of an active real estate broker or sales agent license are called
✔Correct Answer-continuing education (CE)
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
Which is owned by the tenant? ✔Correct Answer-a trade fixture
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
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
What type of estate is complete ownership and exists for an unlimited time? ✔Correct
Answer-fee simple
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
An urban homestead is limited to a lot or lots NOT to exceed how many acres? ✔Correct
Answer-10
The method used to describe real estate by distance, direction, and boundaries is ✔Correct
Answer-metes-and-bounds method
Which equals one square mile or 640 acres? ✔Correct Answer-section
Under the federal Fair Housing Act, real estate organizations, such as multiple listing services,
may NOT do which because someone is in a protected group? ✔Correct Answer-refuse
membership or put conditions on participation
Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales
agent to be informed on market conditions and national, state, and local developments
affecting the real estate business? ✔Correct Answer-competency.
Verified Answers |Latest Version |Already Graded A+
Courses for the renewal of an active real estate broker or sales agent license are called
✔Correct Answer-continuing education (CE)
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
Which is owned by the tenant? ✔Correct Answer-a trade fixture
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
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
What type of estate is complete ownership and exists for an unlimited time? ✔Correct
Answer-fee simple
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
An urban homestead is limited to a lot or lots NOT to exceed how many acres? ✔Correct
Answer-10
The method used to describe real estate by distance, direction, and boundaries is ✔Correct
Answer-metes-and-bounds method
Which equals one square mile or 640 acres? ✔Correct Answer-section
Under the federal Fair Housing Act, real estate organizations, such as multiple listing services,
may NOT do which because someone is in a protected group? ✔Correct Answer-refuse
membership or put conditions on participation
Which aspect of the Canons of Professional Ethics and Conduct requires the broker or sales
agent to be informed on market conditions and national, state, and local developments
affecting the real estate business? ✔Correct Answer-competency.
