REAL ESTATE U & TEXAS REAL ESTATE PRINCIPLES FINAL EXAM QUESTIONS WITH THE LATEST AND UPDATED SCORE.

REAL ESTATE U & TEXAS REAL ESTATE PRINCIPLES FINAL EXAM
QUESTIONS WITH THE LATEST AND UPDATED SCORE.


1) The amount of goods offered for sale within a given market at a given price during a
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given time period… supply -- Answer ✔✔
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2) A property manager is an example of what type of agent? General Agent -- Answer
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✔✔

3) A real estate agent is an example of what type of agent? Special Agent -- Answer ✔✔
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4) The general uses of real property include the following: Residential, Commercial, and
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Industrial -- Answer ✔✔ t t t




5) A means of comparing similar type properties would have recently sold to the subject
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property is known as:.. Market Comparison Approach -- Answer ✔✔
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6) Mineral rights are typically considered dominant to which of the following rights…
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Surface Rights -- Answer ✔✔ t t t t




7) Land and everything permanently attached to land is defined as… real estate --
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Answer ✔✔ t




8) All property that is not land and is not permanently attached to land is known as…
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Personal Property -- Answer ✔✔ t t t t




9) The right of exclusion which allows a landowner to prevent others from entering or
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occupying their property is included in the… Bundle of Rights -- Answer ✔✔
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10) Which of the following is an example of a fixture… Kitchen cabinets -- Answer ✔✔
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, 11) Which of the following is considered a legal test for determining if an item is a fixture
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or not… Intentions of the party, adaption of the item, mold and permanence of house
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titem was attached -- Answer ✔✔
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12) This refers to the party the agent brings to the principal as seller or buyer of the
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property… customer -- Answer ✔✔ t t t t




13) An agent with full authority over one property of the principal is known as a…
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General Agent -- Answer ✔✔ t t t t




14) An agent with limited authority to act on behalf of the principal is referred to as a…
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Special Agent -- Answer ✔✔ t t t t




15) A seller's agent is entitled to a commission after… The agent finds a buyer who is
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ready, willing, and able to purchase the property. -- Answer ✔✔
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16) A broker will work for a client and with a… customer -- Answer ✔✔
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17) The "C" in the acronym COALD stands for which fiduciary duty? Care -- Answer ✔✔
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18) The fiduciary duty of care when representing a buyer includes… Assisting with
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counteroffers. -- Answer ✔✔ t t t




19) A broker must always place his/her client's interests above their own. This is an
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example of what fiduciary duty? loyalty -- Answer ✔✔
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20) A seller's broker is required to tell their client any relationship they may have with the
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tbuyer. This is an example of what fiduciary duty? disclosure -- Answer ✔✔
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21) Which of the following is owed to a customer by an agent? honesty -- Answer ✔✔
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22) a form of ownership of real property recognized in all states that consists of individual
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ownership of some aspects and co-ownership in other aspects of the property is
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known as… condominium -- Answer ✔✔ t t t t t