Texas real estate state Study guides, Class notes & Summaries
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![Texas Auctioneer License Part 2 Exam Questions and Correct Answers](/docpics/2916021/648e6bf693869_2916021_121_171.jpeg)
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers
- Exam (elaborations) • 11 pages • 2023
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Texas Auctioneer License Part 2 Exam Questions and Correct Answers 
Name some persons that are exempt from needing an auctioneer license. - CORRECT ANSWERS 1. U.S. court ordered sale 
2. A government sponsored or conducted sale. 
3. A charitable organization as long as no compensation 
4. A sale of real property by a trustee under a security instrument. 
5.A sale of real property by an owner with an interest or employee (unless he/she is a licensed auctioneer by trade) and all pr...
![Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers](/docpics/2959549/6497a908eeb40_2959549_121_171.jpeg)
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers
- Exam (elaborations) • 13 pages • 2023 Popular
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Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & Answers 
 
Texas Real Estate Exam- 2023 State Portion | Complete Questions & AnswersWho is responsible for the acts of a salesperson? - ANSWER - The sponsoring broker 
 
Failure on the part of the agent to advise the purchaser of real property in writing that he should have the abstract covering the property examined by an attorney of his own selection, o...
![Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.](/docpics/63ed3732877f0_2374787.jpg)
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
![Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)](/docpics/4164180/659ac69025554_4164180_121_171.jpeg)
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)
- Exam (elaborations) • 13 pages • 2024
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
 
The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities 
 
The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting 
 
Which of the...
![Real Estate Brokerage SAE - Champion's School of Real Estate| 291 questions and answers](/docpics/3611564/65286b3d5575b_3611564_121_171.jpeg)
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Real Estate Brokerage SAE - Champion's School of Real Estate| 291 questions and answers
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Search Engine Optimization (SEO) 
The process of maximizing the number of visitors to a particular website by ensuring the website appears high on the list of results returned by a search engine. 
 
 
 
Fcebook Live 
Video streaming through facebook. 
 
 
 
CoStar Database 
Functions much like a residential MLS, connecting commercial agents with brokerages, owners, lenders, property managers, appraisers, and investors. 
 
 
 
Virtual Reality (VR) 
A computer-generated image or environment that c...
![Principles of Real Estate 1- Champions School of Real Estate Exam 2023/2024 Graded A+](/docpics/2716258/645938ea00366_2716258_121_171.jpeg)
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Principles of Real Estate 1- Champions School of Real Estate Exam 2023/2024 Graded A+
- Exam (elaborations) • 11 pages • 2023
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a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of 
A.) scarcity 
B.) Fixity 
C.) Situs 
D.) Modification - Correct Answer D.) Modification 
 
The supply of Real Estate is affected by 
A.) Land cost 
B.) Building codes 
C.) Government regulations 
D.) All of these - Correct Answer D.) All of these 
 
The least important factor affecting demand for real esta...
![TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...](/docpics/63dd235b5a0c8_2332662.jpg)
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae...
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TX-Brokerage (SAE), Texas Real Estate Brokerage 30 Hours 2019, texas sae real estate brokerage, Real Estate: Brokerage Final Exam Questions/Answers, Real Estate: Practice Exam (Questions/Answers), Real Estate: Agency Exam Questions/Answers, texas sae... 
 
The _____ is required to ascertain that Brokers are aware of all of their responsibilities. 
Texas Real Estate Commission 
The _____ course is to address the regulatory aspects of the management, operation and supervision of a real estate brok...
![Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers](/docpics/3611538/65286a8ab4fa6_3611538_121_171.jpeg)
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Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers
- Exam (elaborations) • 51 pages • 2023
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Deficiency 
A ________, in the reasonable judgment of the inspector, is a condition that adversely 
and materially affects the performance of a system, or component. 
 
 
 
Inspection 
Process of examining accessible items, and 
reporting their condition 
 
 
 
RESPA 
Prohibits abusive practices like undisclosed 
referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. 
 
 
 
Departure Provision 
The inspector may not inspect an item if the ...
![Aceable Agent Texas Real Estate Principles I questions and answers](/docpics/3370107/64f60dd1138c7_3370107_121_171.jpeg)
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Aceable Agent Texas Real Estate Principles I questions and answers
- Exam (elaborations) • 5 pages • 2023
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Broker'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 are similar to the subject property (called comparables), created by a license ho...
![Exam: Law of Agency – Champions | 60 Questions with 100% Correct Answers | Latest Update 2024 | Verified](/docpics/3703040/653aa90be060b_3703040_121_171.jpeg)
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Exam: Law of Agency – Champions | 60 Questions with 100% Correct Answers | Latest Update 2024 | Verified
- Exam (elaborations) • 6 pages • 2023
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Which of the following has the authority to suspend or revoke a Texas real estate license? - TREC 
Which of the following is an element of a listing agreement? - the agreement to pay a stated 
commission, usually a percentage of the sales price 
the IRS considers which of the following a violation of independent contractor status? - salesperson 
is told to work set hours, guaranteed a monthly minimum wage, has his licensing fees paid by the broker 
the TAR buyer representation agreement in or te...
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