TEXAS PRINCIPLES 1 EXAM PRACTICE
QUESTIONS WITH ANSWERS - CHAMPIONS
SCHOOL OF REAL ESTATE 2024
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate
1. a: Townhomes and single-family homes differ in that a common wall.
(a) townhomes share
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not
own the land because of (d) townhomes are retro-commissioned and share
2. a: Rights that are associated with the ownership of real property are often referred to as the
owner's:
(a) Bundle of rights
(b) Constitutional rights (c) Statutory rights
(d) Civil rights
3. a: The agreement between a broker and a client is most often a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
4. a: A professional association whose local affiliates own and operate MLS systems throughout
the United States is the:
(a) NAR (b) CCIM (c) BOMA (d) ICSC
5. a: The concept behind the government survey system is the of a grid on top of the
land.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
6. a: You can use the acronym to remember the five essential elements of a valid
and enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed, and
Consideration) (b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and Reasonable
care/diligence)
7. a: Releases can terminate .
(a) easements
(b) prescriptions (c) implied grants (d) necessities
8. a: Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on Oak
Street. The following week, Julie was found to be mentally incompetent and was admitted to
,the state mental hospital in Rusk. Given Julie's unfortunate status, what is the effect on the
listing with Seller Sam?
,(a) The listing agreement is unaffected because it is an agency agreement between Seller Sam
and the broker.
(b) The listing agreement is terminated because Julie is mentally impaired.
(c) The listing agreement is unaffected because mental impairment is never an issue in agency
agreements.
(d) The listing agreement is terminated because Seller Sam would not want to have an agent
that no longer lives in the local market area.
9. b: Attempting to induce panic selling in a neighborhood for financial gain is known as:
(a) Steering(b) Blockbusting (c) Flipping(d) Channeling
10. b: The practice of directing buyers or renters to or away from a particular area based upon a
protected class is known as:
(a) Blockbusting (b) Steering
(c) Profiteering
(d) Panic pedaling
11. b: The broker and his or her associates are most often in a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
12. b: The characteristics of value of land include all of the following except for...
a) Demand
b) Taxes
c) Utility
d) Scarcity
e) Transferability
13. b: When filing a complaint against a license holder, a consumer has from the date of
the incident to file a complaint with TREC.
(a) 5 years (b) 4 years (c) 2 years (d) 1 year
14. b: Surface, subsurface and air rights are said to be:
(a) Indivisible (b) Severable (c) Divisible (d) Unitary
15. b: A legal description that contains the words "Beginning at a point" is a:
(a) Lot and block description
(b) Metes and bounds description (c) Informal reference
(d) PLSS description
16. b: A property contains 103,450 square feet of land. How many acres are in this tract?
(a) 43.7 (b) 2.37 (c) 23.7 (d) 3.7
, 17. b: In housing, discrimination based upon has been a violation of federal law since
1866.
(a) economic status (b) race or color
(c) gender
(d) any of the above
18. b: All real estate brokers and inspectors must display, in a prominent location the:
(a) TILA disclosure(b) Consumer Protection Notice CN 1-2 (c) Information About Brokerage
Services (d) License Act
19. c: The right of the government to take privately owned land for public use is called
.
(a) Condemnation
(b) Escheat
(c) Eminent domain
(d) Inverse condemnation
20. c: In real estate, a buyer or seller is considered an agent's customer until he or she becomes
a(n) .
(a) subagent
(b) intermediary (c) client
(d) associate
21. c: Which of the following is not a factor that can affect insurance premiums?
(a) Location
(b) Policyholder's claims history
(c) Policyholder's age
(d) Age and condition of the property
22. c: One acre of land contains:
(a) 23,459 square feet (b) 640 square feet (c) 43,560 square feet (d) 1 square mile
23. c: Dwayne and Beth, each single persons, own a parcel of land as joint tenants. Beth has a
will leaving her entire estate to her brother, Jason. Upon Beth's death, her interest in the land
passes to:
(a) Jason, because he was named in the will (b) Jason, because he is her brother
(c) Dwayne, because he is a joint tenant
(d) None of these
24. c: Jill and Adkins are married and live in Texas. They saved for a number of years and
purchased a home. In this case, the form of ownership is most likely to be:
(a) Separate property (b) Joint property
(c) Community property (d) Tenants in common
QUESTIONS WITH ANSWERS - CHAMPIONS
SCHOOL OF REAL ESTATE 2024
Texas Principles 1 Exam Practice Questions - Champions School of Real Estate
1. a: Townhomes and single-family homes differ in that a common wall.
(a) townhomes share
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not
own the land because of (d) townhomes are retro-commissioned and share
2. a: Rights that are associated with the ownership of real property are often referred to as the
owner's:
(a) Bundle of rights
(b) Constitutional rights (c) Statutory rights
(d) Civil rights
3. a: The agreement between a broker and a client is most often a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
4. a: A professional association whose local affiliates own and operate MLS systems throughout
the United States is the:
(a) NAR (b) CCIM (c) BOMA (d) ICSC
5. a: The concept behind the government survey system is the of a grid on top of the
land.
(a) overlay
(b) metes and bounds (c) coordinates
(d) leaps and bounds
6. a: You can use the acronym to remember the five essential elements of a valid
and enforceable contract.
(a) COLIC (contractual capacity, offer and acceptance, legality of object, In writing & signed, and
Consideration) (b) COLLIE
(c) EOVEC
(d) OLDCAR (obedience, loyalty, disclosure, confidentiality, accountability, and Reasonable
care/diligence)
7. a: Releases can terminate .
(a) easements
(b) prescriptions (c) implied grants (d) necessities
8. a: Julie, a salesperson at Acme Realty, obtained a listing on Seller Sam's property on Oak
Street. The following week, Julie was found to be mentally incompetent and was admitted to
,the state mental hospital in Rusk. Given Julie's unfortunate status, what is the effect on the
listing with Seller Sam?
,(a) The listing agreement is unaffected because it is an agency agreement between Seller Sam
and the broker.
(b) The listing agreement is terminated because Julie is mentally impaired.
(c) The listing agreement is unaffected because mental impairment is never an issue in agency
agreements.
(d) The listing agreement is terminated because Seller Sam would not want to have an agent
that no longer lives in the local market area.
9. b: Attempting to induce panic selling in a neighborhood for financial gain is known as:
(a) Steering(b) Blockbusting (c) Flipping(d) Channeling
10. b: The practice of directing buyers or renters to or away from a particular area based upon a
protected class is known as:
(a) Blockbusting (b) Steering
(c) Profiteering
(d) Panic pedaling
11. b: The broker and his or her associates are most often in a(n) agency
relationship.
(a) Special (b) General (c) Universal (d) Sub
12. b: The characteristics of value of land include all of the following except for...
a) Demand
b) Taxes
c) Utility
d) Scarcity
e) Transferability
13. b: When filing a complaint against a license holder, a consumer has from the date of
the incident to file a complaint with TREC.
(a) 5 years (b) 4 years (c) 2 years (d) 1 year
14. b: Surface, subsurface and air rights are said to be:
(a) Indivisible (b) Severable (c) Divisible (d) Unitary
15. b: A legal description that contains the words "Beginning at a point" is a:
(a) Lot and block description
(b) Metes and bounds description (c) Informal reference
(d) PLSS description
16. b: A property contains 103,450 square feet of land. How many acres are in this tract?
(a) 43.7 (b) 2.37 (c) 23.7 (d) 3.7
, 17. b: In housing, discrimination based upon has been a violation of federal law since
1866.
(a) economic status (b) race or color
(c) gender
(d) any of the above
18. b: All real estate brokers and inspectors must display, in a prominent location the:
(a) TILA disclosure(b) Consumer Protection Notice CN 1-2 (c) Information About Brokerage
Services (d) License Act
19. c: The right of the government to take privately owned land for public use is called
.
(a) Condemnation
(b) Escheat
(c) Eminent domain
(d) Inverse condemnation
20. c: In real estate, a buyer or seller is considered an agent's customer until he or she becomes
a(n) .
(a) subagent
(b) intermediary (c) client
(d) associate
21. c: Which of the following is not a factor that can affect insurance premiums?
(a) Location
(b) Policyholder's claims history
(c) Policyholder's age
(d) Age and condition of the property
22. c: One acre of land contains:
(a) 23,459 square feet (b) 640 square feet (c) 43,560 square feet (d) 1 square mile
23. c: Dwayne and Beth, each single persons, own a parcel of land as joint tenants. Beth has a
will leaving her entire estate to her brother, Jason. Upon Beth's death, her interest in the land
passes to:
(a) Jason, because he was named in the will (b) Jason, because he is her brother
(c) Dwayne, because he is a joint tenant
(d) None of these
24. c: Jill and Adkins are married and live in Texas. They saved for a number of years and
purchased a home. In this case, the form of ownership is most likely to be:
(a) Separate property (b) Joint property
(c) Community property (d) Tenants in common
