Texas Principles of real Estate 1 (30-hours) Final Exam Questions with Correct Answers

Emblements are best described by which of the following? Correct answer harveststable plants What states that a party, or parties, associated with a contract will cover certain losses or expenses incurred by another party under the contract? Correct answer an indemnification clause Which of these is not one of the five duties owed by a fiduciary? Correct answer infidelity Which of these is not associated with metes and bounds measurements? Correct answer monuments Ftc&__ is a comprehensive consumer act and includes all violations of the sherman and clayton acts. Correct answer 15 Multiple real estate brokerages establishing an across-the-board 6% commission for their agent would be guilty of which of these? Correct answer price fixing Which kind of easement not only allows access to another person's property but also allows the removal of material resources contained in the property? Correct answer a profit Under legal guidelines established by court precedent in contact law, law which of these statement is false? Correct answer printed agreement override signed and dated handwritten changes to the printed agreement. What is the name of the governing body for real estate in texas? Correct answer texas real estate commission(trec) Which of the following fulfills section 1101.806 of trela requirements fir compensation? Correct answer the agreement to pay was in writing and sighed by the party to be charged. The commission may require a license suspension or revocation is "probated" to do which of these? Correct answer limit practice to an area prescribed by the commission. "modifications" in real estate terms are also referred to as which of these? Correct answer improvements