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Texas Pre-License - Principals of Real Estate I (Aceable) Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the primary purpose of police power in Texas real estate law? To allow the state to regulate land use in order to protect public health, safety, and welfare. What type of interest does a tenant have under a lease agreement? A leasehold interest. What does “bundle of rights” refer to in real estate ownership? The collection of legal rights ...

Texas Real Estate Exam (State Portion): Agency/Brokerage Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What fiduciary duty requires a Texas broker to place the client’s interests above all others? Loyalty What type of agency is created when a broker and client clearly agree, verbally or in writing, to representation? Express agency What form of agency arises from the actions of the parties rather than a written agreement? Implied agency Which agency...

Texas Real Estate Exam (State Portion): Contracts Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the essential element that ensures a Texas real estate contract can be legally enforced? Mutual consent between the parties. When does a Texas real estate contract become binding? When the last party signs and communicates acceptance. What term describes a contract that has not yet been fully performed by either party? Executory contract. Which con...

TREC (State Exam) Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What fiduciary duty requires a Texas real estate licensee to follow a client’s lawful instructions even when the licensee disagrees? Obedience What Texas disclosure must be provided at the first substantive contact with a consumer? Information About Brokerage Services (IABS) notice What type of listing gives one broker the right to earn a commission regardless of who finds the buyer? Exc...

Texas Real Estate Principles 1 (Practice Exam) Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What type of lease requires tenant to pay property expenses in addition to rent? Net lease What appraisal principle states that buyers will not pay more than cost of a substitute? Principle of substitution What appraisal principle considers future benefits of ownership? Principle of anticipation What appraisal approach compares similar recently sold propertie...

Real Estate Exam: Principles of Real Estate 1 Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the main purpose of the Texas Real Estate License Act? To regulate real estate brokerage activity and protect the public. What does “fee simple absolute” mean in property ownership? The owner holds the maximum possible rights in the property with no conditions. Which government power allows land to be taken for public use with compensation? Eminent do...

Texas Real Estate Final Exam Questions and Answers | Latest Version | 2025/2026 | Correct & Verified Which fiduciary duty requires a Texas real estate agent to place the client’s interests above their own? A. Reasonable care B. Disclosure C. Accounting D. Obedience Loyalty In Texas, a homestead is primarily protected from which of the following? A. Property taxes B. HOA assessments C. Most creditor claims D. Utility liens Most creditor claims Which document gives a broker...

State Exam -Special Topics in Texas Real Estate Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the maximum amount payable per transaction from the Recovery Trust Account? $50,000. What is the maximum lifetime payout per license holder from the Recovery Trust Account? $100,000. What document must a broker provide to a sponsored sales agent outlining expectations and policies? A written sponsorship agreement. What is the minimum age to obtain a...

Real Estate Exam Prep (Champions; Texas) Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What legal concept requires a real estate license holder to act honestly and fairly when dealing with all parties in a transaction? Fiduciary duty and statutory duty of honesty and fair dealing. What term describes land and anything permanently attached to it? Real property. What type of estate gives ownership for an unlimited duration? Fee simple estate. What doc...

TX Real Estate Exam Prep-Math Problems Questions and Answers | Latest Version | 2025/2026 | Correct & Verified What is the sales price of a home sold at $125 per square foot with a total area of 1,600 square feet? $200,000 If a buyer puts down 15% on a $240,000 home, how much is the down payment? $36,000 What is the loan amount on a $300,000 property with a 20% down payment? $240,000 A broker earns a 6% commission on a $450,000 sale. What is the total commission? $27,000 ...