1|Page
TEXAS REAL ESTATE PRINCIPLES 1 EXAM
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Joint tenancy is ended when which of the following unities is ended - ANSWER:
Unity of time
Which of these IS NOT associated with metes and bounds measurements? -
ANSWER: Statues
Applicants who are rejected for credit must be notified in writing of the basic
reasons of their application, and the reason for their credit rating when? -
ANSWER: within 30 days
Which of these IS NOT one of the five canons of ethics? - ANSWER:
Cooperation
Multiple real estate brokerages establishing an across-the-board 6% commission
for their agents would be guilty of: - ANSWER: price fixing
What causes great harm or substantially lessens the value of the contract for the
non-breaching party? - ANSWER: Material breach
A counteroffer is: - ANSWER: a rejection of the original offer
A person is not engaged in real estate brokerage, regardless of whether the person
is licensed under this chapter, based solely on engaging in the following activities:
- ANSWER: constructing, remodeling, or repairing a home or other building
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What is the name of the governing body for real estate in Texas? - ANSWER:
texas real estate commission (TREC)
A subdivision plat description is: - ANSWER: a legal description that does not
describe each boundary line, but instead refers to a plat, survey, deed, or other
instrument that does show the full particular legal description
The largest and most complete bundle of rights of wonership is which of these? -
ANSWER: Fee simple absolute
Emblements are... - ANSWER: harvestable plants, trees, and uncultivated
vegetation
What is the purpose of real estate licensing law? - ANSWER: All of these answers
are correct.
to protect the general public during real estate transactions from dishonest or
incompetent brokers and sales agents.
to set out minimum standatds and qulifications for licensing brokers and sales
agents.
to protect licenses brokers and sales agents from unfair and improper competition.
The commissioin may require a license holder whose licenst suspension or
revocation is "probated" to do which of these? - ANSWER: Limit practice to an
area prescribed by the commission
TEXAS REAL ESTATE PRINCIPLES 1 EXAM
ACCURATE AND FREQUENTLY TESTED QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS
Joint tenancy is ended when which of the following unities is ended - ANSWER:
Unity of time
Which of these IS NOT associated with metes and bounds measurements? -
ANSWER: Statues
Applicants who are rejected for credit must be notified in writing of the basic
reasons of their application, and the reason for their credit rating when? -
ANSWER: within 30 days
Which of these IS NOT one of the five canons of ethics? - ANSWER:
Cooperation
Multiple real estate brokerages establishing an across-the-board 6% commission
for their agents would be guilty of: - ANSWER: price fixing
What causes great harm or substantially lessens the value of the contract for the
non-breaching party? - ANSWER: Material breach
A counteroffer is: - ANSWER: a rejection of the original offer
A person is not engaged in real estate brokerage, regardless of whether the person
is licensed under this chapter, based solely on engaging in the following activities:
- ANSWER: constructing, remodeling, or repairing a home or other building
, 2|Page
What is the name of the governing body for real estate in Texas? - ANSWER:
texas real estate commission (TREC)
A subdivision plat description is: - ANSWER: a legal description that does not
describe each boundary line, but instead refers to a plat, survey, deed, or other
instrument that does show the full particular legal description
The largest and most complete bundle of rights of wonership is which of these? -
ANSWER: Fee simple absolute
Emblements are... - ANSWER: harvestable plants, trees, and uncultivated
vegetation
What is the purpose of real estate licensing law? - ANSWER: All of these answers
are correct.
to protect the general public during real estate transactions from dishonest or
incompetent brokers and sales agents.
to set out minimum standatds and qulifications for licensing brokers and sales
agents.
to protect licenses brokers and sales agents from unfair and improper competition.
The commissioin may require a license holder whose licenst suspension or
revocation is "probated" to do which of these? - ANSWER: Limit practice to an
area prescribed by the commission
