PRINCIPLES OF REAL ESTATE 1 EXAM
SCRIPT VERIFIED QUESTIONS WITH
COMPLETE SOLUTION REVIEW
●● The aspect of the real estate business that is concerned with bringing
together the parties and completing the transactions is:
Answer: brokerage
●● An attorney from another state must have a Texas real estate license
to receive a commission for a real estate transaction in Texas.
Answer: true
●● all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
●● ad valorem taxes:
Answer: Are according to value, Create the highest priority lien on real
property, Are always paid first at a foreclosure sale
●● Which real estate contract is the exception to the Statute of Frauds?
Answer: a lease for one year or less
, ●● Factors that affect homeowners insurance premiums can include
which of the following?
Answer: age and condition of the home, location, the policyholder's
claims history
●● Which of the following is required for a lot and block description of
a property?
Answer: a recorded plat
●● integrity is best described as:
Answer: The duty of a licensee to employ prudence and caution so as to
avoid misrepresentation in any way
●● When a holdover tenant refuses to leave and is not paying rent his
interest in the property is called:
Answer: tenancy at sufferance
●● steering is:
Answer: Directing buyers to or away from a particular neighborhood
based on protected categories
●● crops are:
Answer: emblements
SCRIPT VERIFIED QUESTIONS WITH
COMPLETE SOLUTION REVIEW
●● The aspect of the real estate business that is concerned with bringing
together the parties and completing the transactions is:
Answer: brokerage
●● An attorney from another state must have a Texas real estate license
to receive a commission for a real estate transaction in Texas.
Answer: true
●● all of the following are true about a Texas homestead, except:
Answer: homestead protection can be waived in writing
●● ad valorem taxes:
Answer: Are according to value, Create the highest priority lien on real
property, Are always paid first at a foreclosure sale
●● Which real estate contract is the exception to the Statute of Frauds?
Answer: a lease for one year or less
, ●● Factors that affect homeowners insurance premiums can include
which of the following?
Answer: age and condition of the home, location, the policyholder's
claims history
●● Which of the following is required for a lot and block description of
a property?
Answer: a recorded plat
●● integrity is best described as:
Answer: The duty of a licensee to employ prudence and caution so as to
avoid misrepresentation in any way
●● When a holdover tenant refuses to leave and is not paying rent his
interest in the property is called:
Answer: tenancy at sufferance
●● steering is:
Answer: Directing buyers to or away from a particular neighborhood
based on protected categories
●● crops are:
Answer: emblements
