Texas Principles of Real Estate Express Exam 2023 with 100% correct answers

What kind of professionals manage the legal aspects of a development project? - correct answerReal Estate attorneys, title companies, surveyors, property insurance companies and government regulatory officials What types of professionals are involved in the transfer of rights and interest in Real Estate? - correct answerTitles companies, Real Estate Brokers/ Sales Persons, Mortgage Brokers, Mortgage Bankers, Appraisers, Insurers Property is classified into what three types? - correct answerResidential, Commercial, and Investment properties Real Estate Agents in Texas would benefit from belonging to which two trade organizations? - correct answerNAR - National Association of Realtors Texas Assoc. of Realtors If a broker chooses to specialize by geographic area, how might the area be defined? - correct answerNatural Barriers, Streets/ Highways, By a certain set of Sub Divisions What are some of the individual brokerage services that one might perform for a pre-set fee? - correct answerComparative price analysis, prospect screening, site analysis, Database search The laws most relevant to agents and brokers relate to what topics? - correct answerAgency, Contracts, Disclosure, Environmental, Impact, Fair housing, What are the four sources of real estate law? - correct answerFederalGovernment, State Government, Local Government, Courts Members of NAR