Principles of Real Estate National Exam
Questions with Answers
Homestead rights don't offer protections from ..... - ✔✔tax liens
Which of the following is NOT one of the physical characteristics of land? - ✔✔Density
Which of these is an example of emblements? - ✔✔an annually cultivated crop
Which of the following serves as the basis of all real estate law in the United States? - ✔✔US
Constitution
For which of following things can an agent NOT discriminate: - ✔✔National Origin
A plat is used in which method of land description? - ✔✔Lot and Block
Wesley just bought a house with a creek that flows along the south boundary. He wants to use
the water to irrigate his garden. Through which set of rights is he entitled to use this water? -
✔✔Riparian
What is the name of the law that requires a commission to examine state agencies every 12
years to see if they're still needed? - ✔✔Sunset Act
What does the term real property NOT include? - ✔✔chattel
Mutual assent, legally competent parties, consideration, lawful objective, and adherence to the
statute of frauds are: - ✔✔the five components of a valid contract
, The National Association of Realtor's ethical guidelines are known as: - ✔✔First adopted in
1913, the National Association of Realtor's ethical standard is laid out in the Code of Ethics.
How many TREC promulgated contract forms are there? - ✔✔The six TREC promulgated
contract forms are: One to Four Family Residential Contract (Resale), Unimproved Property
Contract, New Home Contract (Incomplete Construction), New Home Contract (Completed
Construction), Farm and Ranch Contract, and Residential Condominium Contract (Resale).
Which land description is used for elevated areas such as in a condo? - ✔✔Vertical land
description
Texas homestead laws would protect a primary residence from being seized and used as
collateral by: - ✔✔Credit card companies
Can the original offer be reconsidered and accepted by a party after they have already
extended a counteroffer? - ✔✔No. A counteroffer is a rejection of the original offer, therefore,
the original offer can no longer be accepted.
A detailed description that uniquely identifies the property in such a way that a surveyor would
be able to locate it is called a(n): - ✔✔legal description
Surface, subsurface, and air rights are all parts of: - ✔✔land
Which real estate body is made up of 9 members and which is made up of 13 members? -
✔✔The Texas Real Estate Commission is comprised of 9 members and the Broker Lawyer
Committee is comprised of 13 members.
Which of the following best describes when a broker might act as an intermediary in Texas? -
✔✔when both the seller and the buyer are clients of the same broker
Questions with Answers
Homestead rights don't offer protections from ..... - ✔✔tax liens
Which of the following is NOT one of the physical characteristics of land? - ✔✔Density
Which of these is an example of emblements? - ✔✔an annually cultivated crop
Which of the following serves as the basis of all real estate law in the United States? - ✔✔US
Constitution
For which of following things can an agent NOT discriminate: - ✔✔National Origin
A plat is used in which method of land description? - ✔✔Lot and Block
Wesley just bought a house with a creek that flows along the south boundary. He wants to use
the water to irrigate his garden. Through which set of rights is he entitled to use this water? -
✔✔Riparian
What is the name of the law that requires a commission to examine state agencies every 12
years to see if they're still needed? - ✔✔Sunset Act
What does the term real property NOT include? - ✔✔chattel
Mutual assent, legally competent parties, consideration, lawful objective, and adherence to the
statute of frauds are: - ✔✔the five components of a valid contract
, The National Association of Realtor's ethical guidelines are known as: - ✔✔First adopted in
1913, the National Association of Realtor's ethical standard is laid out in the Code of Ethics.
How many TREC promulgated contract forms are there? - ✔✔The six TREC promulgated
contract forms are: One to Four Family Residential Contract (Resale), Unimproved Property
Contract, New Home Contract (Incomplete Construction), New Home Contract (Completed
Construction), Farm and Ranch Contract, and Residential Condominium Contract (Resale).
Which land description is used for elevated areas such as in a condo? - ✔✔Vertical land
description
Texas homestead laws would protect a primary residence from being seized and used as
collateral by: - ✔✔Credit card companies
Can the original offer be reconsidered and accepted by a party after they have already
extended a counteroffer? - ✔✔No. A counteroffer is a rejection of the original offer, therefore,
the original offer can no longer be accepted.
A detailed description that uniquely identifies the property in such a way that a surveyor would
be able to locate it is called a(n): - ✔✔legal description
Surface, subsurface, and air rights are all parts of: - ✔✔land
Which real estate body is made up of 9 members and which is made up of 13 members? -
✔✔The Texas Real Estate Commission is comprised of 9 members and the Broker Lawyer
Committee is comprised of 13 members.
Which of the following best describes when a broker might act as an intermediary in Texas? -
✔✔when both the seller and the buyer are clients of the same broker
