Texas principles Study guides, Class notes & Summaries
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Aceable Agent Texas Real Estate Principles I 	Question and answer 100% correct 2023
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Aceable Agent Texas Real Estate Principles I 	Question and answer 100% correct 2023Broker's Price Opinion (BPO) 
A broker's price opinion is the process used by a hired sales agent to determine the potential selling price or estimated value of a real estate property 
 
 
 
Closing 
The completion of a real estate transaction in which the buyer receives ownership and the seller receives the contract amount 
 
 
 
Comparative Market Analysis (CMA) 
A report comparing the prices of sold homes that ...
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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL ESTATE | QUESTIONS & ANSWERS| ALREADY PASSED| VERIFIED & UPDATED | 2024
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TEXAS PRINCIPLES 1 EXAM - CHAMPIONS SCHOOL OF REAL 
ESTATE | QUESTIONS & ANSWERS| ALREADY PASSED| 
VERIFIED & UPDATED | 2024 
• The law requiring real estate contracts to be in writing is called the...? 
statue of frauds 
• Statute of Frauds: law that requires some documents (deeds 
included) to be in writing and signed in order to be enforceable by law 
• Illegal practice of directing home seekers to a particular 
neighborhood based on fair housing protected classes? Steering 
• Taking ...
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate 1 Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: An insurance policy protecting against a variety of hazards is referred to as a...? 
 
Homestead Policy 
Individual Policy 
Homeowners Policy 
Package Policy 
 
 
Answer: 
Homeowners Policy 
 
 
 
Q: Which of the following is an advantage to owning a home...? 
 
Tax benefits 
Pride of ownership 
Potential for asset appreciation 
All of the above 
 
 
Answer: 
All of the Above 
 
 
 
Q: ...
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Texas Principles Of Real Estate II Final Exam: Questions & Answers: Latest Updated
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Written documents affecting a title to real estate are recorded: 
 
 A. where the titleholder resides 
 B. where the titleholder has legal residence 
 C. at the county clerk's office where the property is located 
 D. at any county clerk's office in Texas 
(Ans - C. at the county clerk's office where the property is located 
 
A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: 
 
 A. another executor 
 B. a legate...
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update
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Texas Principles of Real Estate II Final Exam| Questions and Verified Answers| Grade A| 2023/ 2024 Update 
 
Q: a lease for one year or less 
 
 
Answer: 
the only contract that does not have to be in writing to be enforceable 
 
 
 
Q: Attorney in Fact 
 
 
Answer: 
a person holding a power of attorney 
 
 
 
Q: substitution of a contract with another contract ie. counteroffer 
 
 
Answer: 
Novation 
 
 
 
Q: when one party fails to perform the duties of the contract-they can be asked by judge ...
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Texas Real Estate Principles 1 Exam:Principles of Real Estate Final Exam Review: Real Estate Final Exam: Texas Principles Of Real Estate II Final Exam;Texas Principles 1 Exam Practice Questions :Texas Principles of Real Estate Express Exam;
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Real Estate Final Exam:Texas Real Estate Principles 1 Practice Exam:Texas Principles Of Real Estate II Final Exam;Texas Principles 1 Exam Practice Questions :Texas Principles of Real Estate Express Exam; Principles of Real Estate II Final Exam:Real Estate Exam - Agency, Brokerage & Ethical Considerations:Real Estate Exam Study Guide:
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated.
- Exam (elaborations) • 12 pages • 2023
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated. 
Written documents affecting a title to real estate are recorded: 
A. where the titleholder resides 
B. where the titleholder has legal residence 
C. at the county clerk's office where the property is located 
D. at any county clerk's office in Texas C. at the county clerk's office where the 
property is located 
A person appointed by a court to settle the estate of a deceased person when the 
executor cannot...
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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS - CHAMPIONS SCHOOL OF REAL ESTATE.VERIFIED
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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS - CHAMPIONS SCHOOL OF REAL ESTATE.VERIFIED 
1. a: Townhomes and single-family homes differ in that ______a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
own the land because of (d) townhomes are retro-commissioned and share 
2. a: Rights that are associated with the ownership of real property are often referred to as the 
owner's: 
(a) Bundle of rights 
(...
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Texas Principles Of Real Estate II Final Exam: Questions & Answers: Latest Updated :Complete Version
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Texas Principles Of Real Estate II Final Exam: Questions 
& Answers: Latest Updated :Complete Version 
 
Texas Principles Of Real Estate II Final Exam: Questions 
& Answers: Latest Updated :Complete Version 
 
Texas Principles Of Real Estate II Final Exam: Questions 
& Answers: Latest Updated :Complete Version
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Texas Principles 1 Exam Practice Questions And Answers - Champions School of Real Estate
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Texas Principles 1 Exam Practice Questions And Answers - Champions School of Real Estate
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Texas Principles of Real Estate 1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate
- Exam (elaborations) • 6 pages • 2023
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Texas Principles of Real Estate 1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate. Townhomes and single-family homes differ in that ______a common wall. 
(a) townhomes share 
(b) single-family homes are sold as distinct living units within (c) owners of townhomes do not 
own the land because of (d) townhomes are retro-commissioned and share 
2. a: Rights that are associated with the ownership of real property are often referred to as the 
owner's: 
(a) Bundle...