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Examen
Aceable Law Of Agency Review4 Questions And Answers
Heresaresthesfoursmajorstypessofsagencysacts:s-sans--Listing 
Buying 
Leasing 
PropertysManagement 
 
TREC'sspurposesisstos-sans--regulateseducationalsandslicensingsprogramssthatsmaintainsstandardssANDsinterpretslegislationsthatsaffectssthesrealsestatesprofessions—sprimarilysthesTexassRealsEstatesLicensesActs(TRELA). 
 
Integritys-sans--Satisfystosthescommissions(TREC)sthatsthescandidatesmeetssandsexceedsstheirscharactersstandardss(honesty,strustworthiness,sandsintegrity). 
 
Competences-sans...
Examen
ACEABLE Agent: Real Estate Principles exam 2023 with 100% correct answers
ACEABLE Agent: Real Estate Principles exam 
2023 with 100% correct answers
Examen
ACEABLE Agent: Real Estate Principles exam 2023 with 100% correct answers
ACEABLE Agent: Real Estate Principles exam 
2023 with 100% correct answers
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Package deal for Aceable Agent: Real Estate Principles Questions with 100% Correct Answers | Verified | Updated
Package deal for Aceable Agent: Real Estate Principles Questions with 100% Correct Answers | Verified | Updated
Examen
Aceable Agent: Level 1 Exam Questions with Correct Answers
Aceable Agent: Level 1 Exam Questions with 
Correct Answers 
Five Catagories of Real Estate Properties - answer(1) Residential, (2) Commercial, (3) 
Industrial, (4) Farm & Land/ Agriculture (5) Special Purpose 
Apartment Locator - answerA real estate license holder who locates dwelling units for 
prospective tenants 
Tenant - answerone who possesses (rents) real property for a period of time, usually under 
a lease. The property or estate is normally owned by the landlord. 
Broker - answerSomeon...
Examen
Aceable Agent: Level 1 Exam Questions with Correct Answers
Aceable Agent: Level 1 Exam Questions with 
Correct Answers 
Deed - answerA document that transfers ownership of property from one party to another. 
Legal Title - answerFull legal ownership of property and the bundle of rights as they apply to 
it. 
Federal Government - answerRegulates broad issues 
State Government - answerThe primary regulators of real estate law. 
They address things such as flood zones and waste disposal. 
Local Government - answerCover real estate on an even smaller scale....
Examen
Aceable Agent Exam Questions with 100% Correct Answers
Aceable Agent Exam Questions with 100% 
Correct Answers 
C. client - answerA real estate agent works exclusively with buyers. They have chosen a 
specialization that focuses on the: 
A. geographical area 
B. commission split 
C. client 
D. property type 
C. sales prices are more negotiable for buyers - answerWhich of the following describes a 
buyers market? 
A. It's likely a seller can easily sell a home for more than the listing price 
B. Sellers are less likely to have to pay for closing cos...
Examen
Aceable Agent Exam Questions with 100% Correct Answers
Aceable Agent Exam Questions with 100% 
Correct Answers 
Apartment Locators - answera real estate license holder who locates dwelling units for 
prospective tenants 
Tenant - answerone who possesses a property under a lease without ownership 
Broker - answersomeone who assists in buying and selling to receive a commission 
Client - answera person or company that buys or leases any product or service 
Land - answerthe surface of the earth, extending down to the center of the earth and up 
into sp...
Examen
Aceable Agent - Texas Real Estate 1 Practice Test Exam Questions with 100% Correct Answers
Aceable Agent - Texas Real Estate 1 Practice 
Test Exam Questions with 100% 
Correct Answers 
Severance - answerturn real property into personal property 
Voidable - answercan be terminated or rescinded by either party 
Real property refers to the land and improvements on it plus the set of rights associated with 
real estate ownership. - answerland, and improvements on it plus the set of rights 
associated with real estate ownership 
Sponsoring Broker - answerSales agents accept commission from...
Examen
Texas Real Estate Principles 1 (Practice Exam) Questios with 100% Correct Answers
Texas Real Estate Principles 1 (Practice 
Exam) Questios with 100% Correct Answers 
Courses for the renewal of an active real estate broker or sales agent license are called - 
answercontinuing education (CE) 
What is the maximum amount that the Commission will pay from the real estate recovery trust 
account for claims against any one license holder, until the account has been repaid in full by 
the license holder? - answer$100,000 
Which is owned by the tenant? - answera trade fixture 
Which o...
Examen
Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers
Real Estate Practice Exam 2 AceableAgent 
Questios with 100% Correct Answers 
Which of these is a red flag for predatory lending? - answerThere are unexpected, 
undisclosed lender fees that appear at closing. 
Percy is a broker who oversees three agents. If one of the agents violates the law, which of the 
following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held 
liable for the agents actions. 
The government seizes Farsch's property to expand a highway. What is ...
Examen
Principles 1 Aceable Practice Tests Exam Questios with 100% Correct Answers
Principles 1 Aceable Practice Tests Exam 
Questios with 100% Correct 
Answers 
What is the money in the Recovery Trust Account used for? 
A) To pay an aggrieved party who has won a judgment against a licensee for damages from a 
real estate transaction 
B) To pay commission that agents were wrongfully deprived of 
C) For taxes for the state of Texas 
D) For TREC to recover the funds to keep their computer systems up to date - answerA) To 
pay an aggrieved party who has won a judgment against a l...
Examen
CA Real Estate Principles Test Aceable Agent Exam Questios with 100% Correct Answers
CA Real Estate Principles Test Aceable 
Agent Exam Questios with 100% Correct 
Answers 
In what code is the Real Estate Law found? - answerBusiness and Professions Code 
Who does the Real Estate Commissioner Report to? - answerThe governor 
A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the broker owns the 
remaining shares. Is the division ownership acceptable or unacceptable? - 
answerAcceptable 
A salesperson is part owner of Rollo Realty Inc. In the broker's absen...
Examen
AceableAgent Real Estate Principals 2 Exam Questios with 100% Correct Answers
AceableAgent Real Estate Principals 2 Exam 
Questios with 100% Correct Answers 
General Data - answerIs information about a property's location. This could include the city, 
region, and neighborhood in which the poperty uis situated. 
Specific Data - answerIs information regarding the property itself. 
Principle if Anticipation - answerThe idea that the present value of a property is affected by 
the ANTICIPATED income or utility that property will give its property owner. 
Principle of Contri...
Examen
Aceable Real Estate Principals 1 Exam Practice Test With Complete Solutions
ACEABLE REAL ESTATE PRINCIPALS 1 
EXAM PRACTICE TEST WITH 
COMPLETE SOLUTIONS 
A married couple purchased a primary residence for $600,000 in 2015. They lived there for 
seven years. In 2022, they sold the property for $1,000,000. How much profit will they owe 
capital gains tax on? -answer0 
What is a REALTOR®? -answera member of the National Association of Realtors®. 
Which of the following is NOT a category of the NAR® Code of Ethics? -answerDuties to 
lenders 
Select the statement that de...
Examen
Aceable Principles of Real Estate 2 Review Exam Questios with 100% Correct Answers
Aceable Principles of Real Estate 2 Review 
Exam Questios with 100% Correct Answers 
Real Estate Settlement Procedures Act (RESPA) - answerto protect consumers from abusive 
lending practices. 
General data - answeris information about a property's location. This could include the city, 
region, and neighborhood in which the property is situated. 
The appraisal report is usually paid by - answerthe buyer 
Specific data - answerinformation regarding the property itself. 
What types of data do Ap...
Examen
Aceable Principles 1 combined Exam Questios with 100% Correct Answers
Aceable Principles 1 combined Exam 
Questios with 100% Correct Answers 
BPO - answerbroker's price opinion. 
process used by a hired sales agent to determine the potential selling price or estimated value 
of a real estate property. 
Reasons for a BPO. 
1. The people in the home have asked to refinance the home and the lender does not want to 
pay for a full appraisal, but they do want to have some assurance that the home is valued at or 
above what the loan will be. 
2. The people in the house...
Examen
Principles 1 Aceable Practice Tests Exam Questions with 100% Correct Answers
Principles 1 Aceable Practice Tests Exam 
Questions with 100% Correct Answers 
What is the money in the Recovery Trust Account used for? 
A) To pay an aggrieved party who has won a judgment against a licensee for damages from a 
real estate transaction 
B) To pay commission that agents were wrongfully deprived of 
C) For taxes for the state of Texas 
D) For TREC to recover the funds to keep their computer systems up to date - answerA) To 
pay an aggrieved party who has won a judgment against a l...
Examen
Aceable Practice Test Exam Questions with 100% Correct Answers
Aceable Practice Test Exam Questions with 
100% Correct Answers 
This signs means : "DIP" - answerSlow down for a dip in the road 
What is the purpose of an exhaust emission system? - answerTo reduce air pollution 
Riley needs to park on the paved highway at night. What is one thing he should do? - 
answerall choices are correct - leave room for other vehicles, make sure people can see him 
from at least 200 feet in both directions, and leave his parking lights on and headlights on dim 
All ca...
Examen
Aceable Law of Agency Review Exam Questions with 100% Correct Answers
Aceable Law of Agency Review Exam 
Questions with 100% Correct Answers 
Here are the four major types of agency acts: - answerListing 
Buying 
Leasing 
Property Management 
TREC's purpose is to - answerregulate educational and licensing programs that maintain 
standards AND interpret legislation that affects the real estate profession — primarily the Texas 
Real Estate License Act (TRELA). 
Integrity - answerSatisfy to the commission (TREC) that the candidate meets and exceeds 
their characte...