PRINCIPLES OF REAL ESTATE 1 FINAL
LATEST UPDATED 2025/2026 EXAM
WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS 100% (VERIFIED
ANSWERS) GRADED AT A+SURE PASS!!
1. If a real estate salesperson closes on a transaction, who pays the
salesperson their commission? - ANSWER ✔ The salesperson's
sponsoring broker
2. Who determines the standards for real estate licensing courses in
Texas...? - ANSWER ✔ Texas Real Estate Commision
3. The subdivision plat method of describing property includes which of
the following...? - ANSWER ✔ Lots and Blocks
4. Real estate brokers have a ...... relationship with the principal? -
ANSWER ✔ Fiduciary
5. The 'L' in the acronym C.O.A.L.D. stands for which fiduciary duty? -
ANSWER ✔ Loyalty
6. A means of comparing similar type properties, which have recently
sold, to the subject property is known as the? - ANSWER ✔ Market
Comparison Approach
7. The market comparison approach is commonly used for this property
type? - ANSWER ✔ Residential
, 8. The amount of goods offered for sale within a given market at a
given price during a given time period is known as? - ANSWER ✔
Supply
9. A real estate agent is an example of what type of agent? - ANSWER
✔ Special agent
10. A refrigerator is typically considered? - ANSWER ✔ Personal
Property
11. Mobile homes not permanently attached to the land are generally
considered? - ANSWER ✔ Personal Property
12. The right of exclusion, which allows a landowner to prevent others
from entering or occupying their property, is included in the? -
ANSWER ✔ Bundle of rights
13. Which of the following is an example of a fixture? - ANSWER ✔
Kitchen cabinets
14. Which of the following is an advantage to owning a home? -
ANSWER ✔ Potential for asset appreciation
Tax benefits
Pride of ownership
All of the above
15. An individual who has not owned real property for at least the
previous two years is known as a? - ANSWER ✔ First-time homebuyer
16. Which of the following is NOT a form of real property? -
ANSWER ✔ Cooperative
LATEST UPDATED 2025/2026 EXAM
WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS 100% (VERIFIED
ANSWERS) GRADED AT A+SURE PASS!!
1. If a real estate salesperson closes on a transaction, who pays the
salesperson their commission? - ANSWER ✔ The salesperson's
sponsoring broker
2. Who determines the standards for real estate licensing courses in
Texas...? - ANSWER ✔ Texas Real Estate Commision
3. The subdivision plat method of describing property includes which of
the following...? - ANSWER ✔ Lots and Blocks
4. Real estate brokers have a ...... relationship with the principal? -
ANSWER ✔ Fiduciary
5. The 'L' in the acronym C.O.A.L.D. stands for which fiduciary duty? -
ANSWER ✔ Loyalty
6. A means of comparing similar type properties, which have recently
sold, to the subject property is known as the? - ANSWER ✔ Market
Comparison Approach
7. The market comparison approach is commonly used for this property
type? - ANSWER ✔ Residential
, 8. The amount of goods offered for sale within a given market at a
given price during a given time period is known as? - ANSWER ✔
Supply
9. A real estate agent is an example of what type of agent? - ANSWER
✔ Special agent
10. A refrigerator is typically considered? - ANSWER ✔ Personal
Property
11. Mobile homes not permanently attached to the land are generally
considered? - ANSWER ✔ Personal Property
12. The right of exclusion, which allows a landowner to prevent others
from entering or occupying their property, is included in the? -
ANSWER ✔ Bundle of rights
13. Which of the following is an example of a fixture? - ANSWER ✔
Kitchen cabinets
14. Which of the following is an advantage to owning a home? -
ANSWER ✔ Potential for asset appreciation
Tax benefits
Pride of ownership
All of the above
15. An individual who has not owned real property for at least the
previous two years is known as a? - ANSWER ✔ First-time homebuyer
16. Which of the following is NOT a form of real property? -
ANSWER ✔ Cooperative
