Study guides, Class notes & Summaries

Texas Property and Casualty Insurance Policies. (State Test) A beauty parlor burns to the ground. What type of loss is this to the owner? - correct answersDirect A property insurance policy that is not subject to any coinsurance requirements but has a set amount of insurance scheduled for the property would use what valuation method? - correct answersStated amount All of the following are true of coverage B - Other structures EXCEPT - correct answersIt must be added by endorsement t...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - answer-A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - answer-He must exercise his option under the terms of the option contract. When can a landlord evict a disabled blind or disabled tenant from the premises? - answer-If the tenant has loud parties, makes too much noise...

Texas Principles of Real estate 1 Exam Test Questions with Answers 2024/2025!! Which of the following actions does not violate the Texas Real Estate License Act? - ️️ -Disclosing all known facts pertaining to a property to a client The aspect of real estate business that is concerned with bringing together the parties and completing the transactions is: - ️️ -`Brokerage Which of the following statements regarding a Texas homestead is false? - ️️ - Homestead protection can be w...

Principles of Real Estate 1- Texas | Exam Test with Verified Solutions 2024/2025 All of the following violate the Texas Real Estate License Act, EXCEPT: - ️️ - Disclosing all known facts pertaining to a property to a client The aspect of the real estate business that is concerned with bringing together the parties and completing the transactions is: - ️️ -brokerage An attorney from another state must have a Texas real estate license to receive a commission for a real estate transa...

Principles of Real Estate 1 Final Exam

TEXAS PRINCIPLES OF REAL ESTATE 1 brokerage The business of bringing buyers and sellers together and assisting in negotiations for the terms of sale of real estate. real estate broker A person or an organization acting as the agent for others in negotiating the purchase and sale of real property or other commodities for a fee real estate salesperson A person performing any of the acts included in the definition of real estate broker but while associated with and supervised by a broke...

exam

A local real estate developer bought an abandoned school building with the intention of converting it to residential units. This is an example of... - ....ANSWER...Converted use property An individual is exempt from paying taxes on capital gains for up to how much in profit if he/she lived in the house for at least 2 of the last 5 years. - ....ANSWER...$250,000 The employer of an agent is referred to as the... - ....ANSWER...principal An agency relationship created by oral or writt...

Real Estate Principles Final Exam Colibri Questions with Verified Answers.

Real Estate Colibri Practice Exam Questions with Verified Solutions.