First 30 Hours
"Situs" or location preference refers to a loaction from a(n): A) economic rather that a geographic standpoint B) residential rather than a commercial standpoint C) buyer rather than seller standpoint D) financial rather than social standpoint
A
A C.L.U.E. report advises a consumer on: A) up to seven years of claims history on a property B) up to three years of claims history on a property C) none of these answers are correct D) whether or not a consumer will qualify for homeowners insurance
A
A license holder is not liable for a misrepresentation or a concealment of a material fact made by a party to a real estate transaction unless the license holder: A) knew of the misrepresentation or concealment and failed to disclose the license holder's knowledge of the misrepresentation or concealment B) knew of the misrepresentation or concealment C) failed to disclose the license holder's knowledge of a misrepresentation or concealment D) knew of the misrepresentation or concealment or failed to disclose the license holder's knowledge of the misrepresentation or concealment
A
A manufactured home can be considered real property if: A) All of the answers together are correct B) the owner of the home has elected to treat the home as their real property C) both the Texas Department of Housing and Community Affairs and the home's county's chief tax appraiser have been notified of the filling D) a certified copy of the "Statement of ownership and location" for the home has been filed by the owner in the real property records of the county where the home is located
A
A subpoena may be issued throughout the state and may be served by: A) a person designated by the commission B) anyone who is a licensed real estate broker C) anyone who is a licensed real estate agent D) only a member of the Texas State bar
A
A testamentary trust is created through what? A) A will B) A conservation easement C) All of these answers are correct D) Inter vivos trust
A
According to the Texas Department of Insurance, most homeowners policies in Texas include which of the following coverages? A) All of these answers are correct B) Medical payments C) Loss of use D) Dwelling
A
All of the following is a purpose served by regulating real estate licensing, EXCEPT which one? A) prevent consumers from utilizing legal recourse for a licensee's accidental failure of duty B) protect the general public during real estate transactions from dishonest or incompetent brokers and sales agents C) maintain high standards for the real estate profession D) set out minimum standards and qualification for licensing brokers and sales agents
A
An _ is an easement that is established without the permission of a landowner or the existence of a situation that requires an easement. A) easement by prescription B) easement by necessity C) easement by implication D) express easement
A
An appointed licensee must: A) not disclose that an owner would accept a price lower than the asking price B) disclose that an owner would accept a price lower than the asking price C) disclose that a buyer would pay a price greater than the written offer D) adhere to all of these answers are correct
A
Any licensee who is assigned to represent a principal by an agent for that principal is called a(n): A) subagent B) special agent C) agent subordinate D) dual agent
A
Applicants who are rejected for credit must be notified in writing of the basic reasons for the denial of the application, and the reason for their credit rating when? A) within 30 days B) within 90 days C) within 15 days D) within 60 days
A
Changes to the Fair Housing Act include: A) Public and common area must be accessible to persons with disabilities B) Public and common areas must be accessible to the elderly C) Public and common areas must be accessible to persons with children D) Public and common areas must be accessible to medical personnel
A
Conservation trusts have grown in popularity as private landowners look for ways to do which of the following? A) Preserve the nature and character of their lands as well as sensitive natural areas, farmlands, ranchlands, water source, or family heritage. B) Bypass probate for devising property to their heirs. C) Anticipate future housing land demands. D) Create tax shelters
A
How many articles are there in the NAR Code of Ethics? A) 17 B) 28 C) 5 D) 9
A
Listing services first began in what year? A) 1858 B) None of these C) 1920 D) 1901
A
Mrs. Murphy exemption does not allow for which of these forms of discrimination? A) Racial discrimination B) Familial status C) Religious preference D) Age limitation
A
The Community Reinvestment Act (CRA) requires federally-supervised financial institutions to post which of these? A) Notice that the public is entitled to certain information about the bank's operations and performance under the CRA in each of the bank's branches B) Notice that the public is not entitled to information regarding the bank's operations and performance under the CRA C) certain information about the bank's operation and performances under the CRA in each of the bank's branches D) current available interest rates and fees in each of the bank's branches
A
The Texas Real Estate Commission consists of members appointed by the governor with the advice and consent of the: senate. What is their composition? A) 6 members who have been engaged in the brokerage business as licensed brokers as their major occupation for the five years preceding appointment, and 3 members who represent the public B) 6 members who have been engaged in the brokerage business as licensed brokers as their major occupation for the five years preceding appointment, and 6 members who represent the public C) none of these answers are correct D) 3 members who have been engaged in the brokerage business as licensed brokers as their major occupation for the five years preceding appointment, and 6 members who represent the public
A
The Texas Real Estate Commission is also referred to as: A) Both of these B) TREC C) The Commission D) Neither of these
A
The Texas definition of consumer food (as clarified through judicial decisions) includes just about everything except which of these? A) Intangible like stocks B) Major appliances C) Real Estate D) Automobiles
A
The commission shall waive the examination requirement for an applicant for a broker or sales agent license if: A) Both of these are required B) Neither of these are required C) The application is filed before the second anniversary of the expiration date of the equivalent license D) The applicant was previously licensed in this state as a broker or sales agent
A
The number one reason that people move is: A) Employment opportunity B) Education C) Transportation D) Social Services
A
What is the primary purpose for real estate licensing law? A) All of these answers are correct B) To set out minimum standards and qualifications for licensing brokers and sales agents. C) To protect the general public during real estate transactions from dishonest or incompetent brokers and sales agents. D) To protect licensed brokers and sales agents from unfair or improper competition.
A
What refers to a location from an economic rather than a geographic standpoint? A) Situs B) Topography C) Fixity D) Immobility
A
Which Constitutional amendment established the U.S. land ownership concept? A) 5th amendment B) 4th amendment C) 1st amendment D) 2nd amendment
A
Which of the following fulfills Section 1101.806 of TRELA requirements for compensation? A) The agreement to pay was in writing and signed by the party to be charged. B) Procuring cause C) None of these answers are correct D) Profit Sharing Program
A
Which of the following in not used as a test to determine whether a statement is mere "puffing"? A) The cost of the good or service B) the comparative knowledge of the buyer and seller C) the specificity of the representation D) whether the representation relates to a future event or condition
A
Which of the following is one of the components of the NFIP? A) All of these answers are correct B) Subsidization C) Risk identification D) Risk mitigation
A
Which of these IS NOT a source of "water rights" issues? A) Swimming pools B) Surface water C) Navigable waters D) Subsurface water
A
Which of these IS NOT a type of real property value? A) Future estimated value B) Assessed Value C) Estimated sales value D) Replacement Value
A
Which of these is covered by the NAR Code of Ethics and Standards of Practice? A) All of these B) Not accepting any commission, rebate, or profit on expenditures made for their client, without the client's knowledge and consent C) Avoiding exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction D) Ensuring all appropriate agreements are in writingA
A
Which of these is the legal remedy that returns the nonbreaching party to the position that they would have been in if the contract had not been made? A) reliance damages B) cancellation C) specific performance D) liquidated damaged
A
Which of these was not covered in The Real Estate License Act? A) Finding and retaining your real estate clients B) Structure and make up of the Commission C) Practicing, prohibitions, and discipline D) Education licensing and renewal
A
A person who receives a commission or other consideration as a result of acting as a broker or sales agent without holding a license or certificate of registration under this chapter is liable to an aggrieved person for a penalty of not less than the amount of money received or more than three time the amount of money received. A) False B) True
B
According to Section 1101.159, the commission must ensure that the public is able to interact with the commission in which of the following manners? A) In TREC meetings B) On the internet C) In person D) In the Texas Legislature
B
How much money can a first time homebuyer draw from his or her own IRA without tax penalty for the purchase? A) $8,000 B) $10,000 C) $12,000 D) $20,000
B
In what year did the Texas Supreme Court invalidate the state's right to retain all mineral rights to land? A) 1840 B) 1901 C) 1847 D) 1919
B
Joint tenancy is ended when which of the following unities is ended? A) Unity of income B) Unity of time C) Unity of liability D) Unity of taxation
B
Legal descriptions generally can be found by searching by: A) public land records B) either of these C) neither of these D) tax records
B
Multiple real estate brokerages establishing an across-the-board 6% commission for their agents would be guilty of... A) customer allocation B) price fixing C) tie-in agreements D) group boycotting
B
TREC has the authority under TRELA to suspend or even revoke a broker's license if which of the following? A) The licensee conducts the unlawful practice of negotiation B) The licensee conducts the unlawful practice of law C) The licensee conducts the unlawful practice of property development D) The licensee conducts the unlawful practice of property management
B
The DTPA was enacted in: A) 1975 B) 1973 C) 1965 D) 1963
B
The first multiple listing service in the U.S. began in which of these cities? A) Dallas B) Baltimore C) Boston D) New York
B
The following information is generally included in a listing agreement? A) The agency agreement between the broker and the seller B) all of these answers are correct C) The legal description of the property D) That the seller has the legal capacity to sell the property
B
The purpose for creating the homestead exemption is: A) To protect against boundary disputes B) So that creditors cannot seize a family's home C) To replace the need for a recorded deed D) So tax collectors have an easier method to access owner's property
B
The safe harbor policy states that the name or assumed name must be at least: A) equal to the size of the largest item of contact information B) half of the size of the largest item of contact information C) one third of the size of the largest item of contact information D) half again as large as the size of the largest item of contact information
B
The term "false, misleading, or deceptive acts or practices" includes, but not limited to which of the following acts? A) Using deceptive representations or designation of geographic origin in connection with goods or services B) All of the answers are correct C) Disparaging the goods, services, or business of another by false or misleading representation of facts D) Passing off goods or services as those of another
B
Today's methods for legal descriptions have roots in English history? A) False B) True
B
What are "limited service brokers" in the Texas real estate industry? A) brokers who, for a flat fee, will provide paperwork but do not represent the seller in any other capacity B) brokers who, for a flat fee, will post information onto the MLS but do not represent the seller in any other capacity C) brokers who, for a flat fee, will provide internet advertising for sellers but do not represent the seller in any other capacity. D) brokers who, for a flat fee, will help buyers locate a home, but not participate in the offer or closing.
B
What are rights concerning properties that abut an ocean, gulf, bay, delta, or lake? A) Line of vegetation B) Littoral C) Riparian D) None of these answers
B
What defines a condominium is: A) the square footage of the residence B) the form of ownership C) the type of property it is located on D) a vote of the residents
B
What is the term for a six-mile-square area of land containing 36 sections which is numbered according to its position either north or south of the base line? A) Aliquot B) Town or township C) Section D) Range
B
What is the term for the ability of the states to regulate the citizens behavior and enforce order within their jurisdiction for the betterment of the health, safety, morals, and general welfare of their inhabitants? A) Condmnation B) Police power C) Taxes D) All of these answers are correct
B
When the relationship of a sales agent with the sales agent's sponsoring broker terminates, the terminating party shall immediately notify: A) The commission B) in writing both the other party and the commission C) the state attorney general C) the other party
B
Which Amendment guarantees that a citizen will not be deprived of property without due process of law? A) No amendment covers this actually B) 5th Amendment C) 14th Amendment D) 2nd Amendment
B
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? A) A license B) A profit C) A covenant D) An equitable servitude
B
Which of the following are common law fiduciary duties? A) Care, loyalty, agency, fairness, & commingling B) Care, disclosure, loyalty, accounting, & obedience C) Care, loyalty, fairness, reasonableness, & obedience D) Care, loyalty, agency, fairness, & obedience
B
Which of the following is/are elements that will be found in nearly every kind of listing agreement? A) Complete or partial list of properties the buyer is considering B) The broker's commission and broker fee C) All of these are included in nearly every kind of listing agreement D) A checklist of confidential information that seller either does or does not want revealed to potential buyes
B
Which of these IS NOT a potential contract clause? A) severability B) all of theses are potential contract clauses C) escape D) arbitration
B
Which of these IS NOT a type of listing commonly used in Texas listing agreements? A) Exclusive-right-to-sell listing B) Closed listing C) Open listing D) Net listing
B
Which of these IS NOT among the Commission's oversight duties? A) Background and character requirements necessary to serve as a real estate professional B) All of these are among the Commission's oversight duties C) Standards for what it takes to move from the salesperson status to be a broker D) Standards for an individual to earn their license
B
Which of these IS NOT an element of a contract? A) Legal/valid purpose B) Disclaimer C) Legal capacity D) Acceptance
B
Which of these IS NOT covered in the Real Estate License Act (TRELA) ? A) Structure and purpose of the Texas Real Estate Commission B) All of these are part of TRELA C) Activities prohibited for licensees, disciplinary processes, and disciplinary actions D) Requirements for establishing and maintaining a real estate business
B
Which of these are forms of fee estates? A) Fee simple absolute B) Both of these C) Neither of these D) Fee simple defeasible
B
Which of these are forms of tenancy? A) Community Property B) All of these C) Tenants in common D) Joint tenancy
B
Which of these is NOT an advantage of a written contract? A) less ambiguity can lead to easier enforcement B) written contracts can be communicated and finalized more rapidly C) written contracts provide a much higher level of certainty D) written contracts can precisely state warranty terms
B
Which of these is an element of location? A) Transportation B) All of these are elements of location C) Cultural opportunities D) Employment opportunities
B
Who determines the salaries of the executive director, officers, and employees of the commission? A) The Governor's office B) The commission C) The public D) The state senateTh
B
"Metes" comes from the word for... A) calling B) bounding C) measuring D) monumenting
C
A counteroffer is: A) a rejection to the original offer B) a default of the original offer C) for the purpose of securing or repaying a debt to the holder of the lien D) by implication regardless of an oral agreement
C
A lien is a legal claim made on another person's property: A) for the purpose of paying a debt or coercing the cooperation of the property owner B) None of these are correct C) for the purpose of securing or repaying a debt to the holder of the lien D) by implication regardless of an oral agreement
C
A person may not sell, buy, lease, or transfer an easement or right-of-way for another, for compensation or with the expectation of receiving compensation, for use in connection with telecommunication, utility, railroad, or pipeline service unless the person: A) Holds a certificate of registration issued under this subchapter B) Holds a license issued under this chapter C) Either of these D) Neither of these
C
An aggrieved party may bring a private enforcement action in a state or federal district court: A) within two years if the stated discriminatory action and can even be filed UNLESS an administrative proceeding through TWCCRD is in process B) the administrative proceeding through TWCCRD needs to be resolved before an aggrieved party may bring civil suit C) within two years of the stated discriminatory action and can even be filed if an administrative proceeding through TWCCRD is in process D) within five years of the stated discriminatory action and can even be filed if an administrative proceeding through TWCCRD is in process
C
An educational institution shall maintain a corporate surety bond or other security acceptable to the commission that is in the amount of: A) $2,000 B) $40,000 C)$20,000 D) $200,000
C
Common elements of a condominium include everything, EXCEPT which of these? A) The land B) Stairways C) The individual condominium airspace D) Roofs
C
ESAC stands for: A) Employment Standards Advisory Committee B) Employment Standards Advisory Committee C) Education Standards Advisory Committee D) Education Systems Assistance Corporation
C
Each year the CRA requires federally supervised financial institutions to prepare annual statements that include which of the following information? A) short descriptions of all complaints filed against them B) any comments from the managers of a financial institutions about the specific financial institution's performance in meeting their community's needs C) any comments from the public about the specific financial institution's performance in meeting their community's needs D) the names and addresses of all consumers who filed complaints
C
Emblements are... A) the unauthorized intrusion of vegetation onto another person's land. B) fixtures C) harvestable plants, trees, and uncultivated vegetation D) impediments to the free and clear ownership and use of property.
C
In the rectangular survey system, what are straight, imaginary lines running north and south and parallel to a Principal Meridian? A) Baseline B) Township lines C) Range lines D) Principal meridian
C
Mortgages are a common type of _ lien. A) low-priority B) statutory C) consensual D) judgement
C
Per 1101.2051 (b), information or material prepared or compiled by the commission in connection with a complaint, investigation, or audit may be disclosed: A) to a legal representative of the complainant B) it may not be disclosed under any circumstances C) to the respondent of the complaint D) to a citizen writing in a complaint against a licensee
C
Prior to the introduction of the condominium concept, property ownership had been limited to ownership of which of the following? A) subsurface rights B) airspace C) land D) common law homesteads
C
The CFPB is the: A) Client Financial Protection Bureau B) Customer Financial Protection Bureau C) Consumer Financial Protection Bureau D) Consumer Fiscal Protection Bureau
C
The Texas Real Estate Broker-Lawyer Committee consists of 13 members appointed as follows: A) 6 members appointed by the commission, 4 members of the State Bar of Texas appointed by the president of the state bar, and 3 public members appointed by the governor B) 1 member appointed by the commission, 6 members of the State Bar of Texas appointed by the president of the state bar, and 6 public members appointed by the governor C) 6 members appointed by the commission, 6 members of the State Bar of Texas appointed by the president of the state bar, and 1 public member appointed by the governor D) 6 members appointed by the commission, 1 member of the State Bar of Texas appointed by the president of the state bar, and 6 public members appointed by the governor
C
The assessed value of a property is: A) the amount of money that would be required to completely replace a particular structure or building B) found by examining the sale price of comparable properties in the same area that recently sold C) the value established for tax purposes by local municipalities D) the value of the property to a particular investor using that investor's qualifications of what adds or subtracts value
C
The commission by rule may: A) prescribe the content only of continuing education courses that a license holder must attend to renew a license B) prescribe the content and duration only of continuing education courses that a license holder must attend to renew a license C) prescribe the title, content, and duration of continuing education courses that a license holder must attend to renew a license D) none of these answers are correct
C
The commission may require a license holder whose license suspension or revocation is probated to do which of these? A) all of the answers are correct B) retake the 180 hours of qualifying courses material C) limit practice to an area prescribed by the commission D) limit practice to only conducting transactions directly supervised by the board
C
The commission shall maintain a real estate recovery trust account to reimburse aggrieved persons who suffer actual damages caused by an act described by Section 1101/602 committed by: A) a license holder B) a certificate holder C) Any of these D) a person who does not hold a license or certificate and who is an employee or agent of a license or certificate holder
C
The largest and most complete bundle of rights of ownership is which of these? A) Fee simple defeasible B) Possession C) Fee simple absolute D) Escheat
C
The real estate math section of the exam includes questions on which topics? A) Amortization B) Interest C) All of these answers are correct D) Depreciation
C
What is the difference between a class C corporation and a class S corporation? A) Class C cannot sell shares B) Class S can only have a maximum of five board members C) Class C does not have pass-through taxation C) Class S cannot sell shares
C
What returns the nonbreaching party to the position he or she would have been in if the contract had not been made? A) Liquidated damages B) Cancellation C) Reliance damages D) Specific performance
C
Which of the following is NOT a type of depreciation? A) Functional obsolescence B) Physical detorioration C) Market value obsolescence D) Economic obsolescence
C
Which of the following types of listing agreements are the most common? A) Net B) Exclusive Agency C) Exclusive Right-to-Sell D) Open
C
Which of these IS NOT one of the statutory classes of agent? A) subagent B) Intermediary C) Dual agency D) Single agency - buyer's agent
C
Which of these fair housing exemptions apply(ies) when a real estate licensee is involved in a transaction? A) Religious organizations B) Familial status C) There are no exemptions to fair housing laws when a real estate licensee is involved in a transaction D) Private club
C
Which of these is NOT one of the five canons of ethics? A) Integrity B) Fidelity C) cooperation D) competence
C
Which of these is a fiduciary duty owed to a principal? A) Obedience B) Disclosure C) All of these D) Accounting
C
Which of these is a potential remedy for fair housing violations? A) Neither of these B) Attorney General litigation C) Both of these D) Private litigation
C
Who is the person or business entity receiving an offer? A) the court B) the offeror C) the offeree D) the contractor
C
A "net listing" is a listing agreement in which the broker's commission: A) is negotiated only after there is an accepted offer B) based on a percentage of the seller's net profit from the sale C) is equal to 5% of the buyer's loan amount D) is the difference between the sales proceeds and an amount desired by the owner of the real property
D
A building or community many not discriminate based on familial status except in which of these circumstances? A) Stated in writing that the facility is for single, working adults only. B) The building or community is designated as a quiet residential living area C) Approved by a vote of the homeowner's association. D) The building or community qualifies as housing for older persons
D
A contract must have a legal purpose in order to be: A) intentional B) competent C) a promise D) enforceable
D
A contraction or generally slowing down of the economy is a: A) Expansion B) Revival C) Depression D) Recession
D
A place on the survey where there is an unintentional space between properties is what? A) Natural feature B) Boundary line C) Right-of-way D) Gap
D
A professional organization or association is usually a not-for-profit organization that seeks to do which of the following? A) Hold educational seminars for the public to make them aware of the organization B) Allow like-minded individuals to exclusively meet to discuss business issues with each other C) Find new revenue sources to grow the organization D) Further a particular profession and the interest of individuals engaged in that profession
D
A property that "has been psychologically impacted by an event, which occurred or was suspected to have occurred on the property, such event being one that has no physical impact of any kind, is called a A) damaged property B) profaned property C) psychologically-impaired property D) stigmatized property
D
How long does a Chapter 13 debtor have to reinvest the proceeds of his or her home sale in a new homestead or lose their homestead tax exempt status, and therefore return the proceeds to the bankruptcy estate? A) 18 months B) 3 months C) 12 months D) 6 months
D
No real estate license holder shall discrimination against an owner based upon which of the following? A) Financial status B) None of these answers is correct C) Educational status D) Ancestry
D
Public beach policy for the state of Texas includes a declaration that: A) None of these rights exist in Texas law B) The public shall be limited in the right of ingress and egress to and from the state-owned beaches bordering on the seaward shore of the Gulf of Mexico based upon private property ownership C) The public shall have the free and unrestricted right of ingress and egress to and from the state-owned beaches bordering on the seaward shore of the Gulf of Mexico as long as a public condemnation process has been initiated D) The public shall have the free and unrestricted right of ingress and egress to and from the state-owned beaches bordering on the seaward shore of the Gulf of Mexico
D
The Texas fair Housing Act also prescribes how complaints will be brought and enforced, through: A) Private litigation B) Administrative proceedings C) Attorney general litigation D) Any of these methods
D
The commission may require a license holder whose license suspension or revocation is "probated" to do which of these? A) Report regularly to the Governor's office on matters that are the basis of the probation B) Report regularly to the Attorney General's office on matters that are the basis of the probation C) Cease professional education until the license holder attains a degree of skill satisfactory to the commission in the area that is the basis of the probation. D) Limit practice to an area prescribed by the commission.
D
The commission shall assign priorities and investigate complaints using a risk-based approach based on any of these except: A) Degree of potential harm to a consumer B) Previous complaint history of the license holder C) Overall severity of the allegations in the complaint D) Length of time a licensee has been in practice
D
The executive director shall give notice of the commission's order to the person. The notice must: A) inform the person of the person's right to judicial review of the order B) state the amount of any penalty imposed C) include the findings of fact and conclusion of law, separately stated D) All of the answers are correct
D
The lead-based paint disclosure requirements only apply to houses built before: A) 2000 B) 1968 C) 1988 D) 1978
D
The practice wherein consumers of protected classes are directed to certain neighborhoods when shopping for housing is called: A) Blockbusting B) Redlining C) Using a restrictive covenant D) Steering
D
Under legal guidelines established by court precedent in contract law, which of these statements is false? A) Specifications prevail over drawings B) Later agreements supersede earlier agreements C) Written agreements take precedence over oral agreements D) Printed agreements override handwritten agreements
D
What causes great harm or substantially lessens the value of the contract for the non-breaching party? A) Repudiation B) Fraud C) Immaterial breach D) Material breach
D
What is the name of the governing body for real estate in Texas? A) Texas Real Estate Council (TREC) B) Texas Real Estate Counselors (TREC) C) Texas Real Estate Constitution (TREC) D) Texas Real Estate Commission (TREC)
D
What is the remedy called when one party has made a good faith effort to preform their obligations under a contract and the other party has NOT performed their obligations? A) Substantial performance B) None of these answers are correct C) Tortious interference D) Specific performance
D
What states that a party, or parties, associated with a contract will cover certain losses or expenses incurred by another party under the contract? A) A "time is of the essence" clause B) An escape clause C) A severability clause D) An indemnification clause
D
What type of property category includes churches, other places of worship, schools and colleges, cemeteries and certain government-held properties? A) Mixed use B) Commercial C) Industrial D) Special-purpose
D
When must a broker report a change of address to the commission? A) Not later than the 20th day after the date a broker moves from the address designated on the broker's license B) Immediately C) After the broker has established his or her business from the new location D) Not later than the 10th day after a broker moves from the address designated on the broker's license
D
Which of the following is a general term for properties involving an approved survey map and plans that describe each lot or unit and that is recorded with the county? A) condominium B) metes and bounds C) subdivision D) platted
D
Which of the following is considered an anti-competitive practice by the U.S. Department of Justice? A) Refusing to let non-licensed individuals post on the MLS B) offering brokerage services that only include posting on the MLS C) Refusing to accept less than the list price D) Refusing to let non-realtors access the MLS
D
Which of these IS NOT a defense to breach of contract? A) Illegality B) Impracticability C) Impossibility D) Inconvenience
D
Which of these IS NOT a form of common interest ownership? A) Condo B) Timeshare C) Co-op D) Hotel room
D
Which of these IS NOT a form of housing or credit discrimination? A) Redlining B) Steering C) Blockbusting D) Fair credit reporting
D
Which of these IS NOT a notice commonly used in listing agreements? A) Notice of Propane Gas System Service Areas B) Notice of Additional Tax Liabilities C) Notice of Mold Remediation D) Notice of a Competitive Sales Offer
D
Which of these IS NOT a subchapter subject matter addressed by TREAL? A) Accreditation and approval of education programs to attain and a renew a license B) The Real Estate Recovery Account C) The confidentiality of information gathered through the TREC investigative process D) How to attract and maintain a real estate client
D
Which of these IS NOT a term used in the legal descriptions? A) Bounds B) Metes C) Monuments D) Yards
D
Which of these IS NOT an event generally covered by a basic Texas homeowner's policy? A) Fires B) Explosions C) Vandalism D) Earthquakes
D
Which of these is NOT a type of real property? A) Mixed Use Property B) Commercial C) Agricultural D) Forestry Maintenance
D
Which of these is NOT associated with metes and bounds measurements? A) Monuments B) Call C) Courses D) Statutes
D
Which type of common property ownership is for the exclusive use a property for a specified number of days each year? A) Planned unit development B) Cooperatives C) Condominium D) Resort timesharing
D