Realestateu: Texas Real Estate Principles Part 1 Final Exam| 90 Questions| With Complete Solutions

REALESTATEU: TEXAS REAL ESTATE PRINCIPLES PART 1 FINAL EXAM| 90 QUESTIONS| WITH COMPLETE SOLUTIONS supply - Answer The amount of goods offered for sale within a given market at a given price during a given time period. General Agent - Answer A property manager is an example of what type of agent? Special Agent - Answer A real estate agent is an example of what type of agent? Residential, Commercial, and Industrial - Answer The general uses of real property include the following: Market Comparison Approach - Answer A means of comparing similar type properties would have recently sold to the subject property is known as: Surface Rights - Answer Mineral rights are typically considered dominant to which of the following rights real estate - Answer Land and everything permanently attached to land is defined as Personal Property - Answer All property that is not land and is not permanently attached to land is known as Bundle of Rights - Answer The right of exclusion which allows a landowner to prevent others from entering or occupying their property is included in the Kitchen cabinets - Answer Which of the following is an example of a fixture Intentions of the party, adaption of the item, mold and permanence of house item was attached - Answer Which of the following is considered a legal test for determining if an item is a fixture or not customer - Answer This refers to the party the agent brings to the principal as seller or buyer of the property. General Agent - Answer An agent with full authority over one property of the principal is known as a Special Agent - Answer An agent with limited authority to act on behalf of the principal is referred to as a The agent finds a buyer who is ready, willing, and able to purchase the property. - Answer A seller's agent is entitled to a commission after