TX Real Estate Exam Practice (
PRINCIPLE OF REAL ESTATE I)
NEWEST ACTUAL EXAM
COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY
GRADED A+
Martin placed all of his real estate
investments in a trust, and the proceeds are
distributed through the trust to his son
Nathan. Martin still manages the properties
indirectly, and Nathan currently benefits, as
he's past the required beneficiary age of 18.
What type of trust is this? - ANSWER-Living
trust
Homeowner Shaun loves DIY projects and
decided to build some bookshelves for his
home office. He bolted the shelves to the
wall and installed trim around them so they
became an integral part of the room. When
he sells his home, the bookshelves will be
considered ______. - ANSWER-Real
property because of the method of
annexation
What's the best definition of legal purpose?
- ANSWER-Written for a lawful objective
Ken signed a contract to purchase Debra's
condo. Ken signed the contract two weeks
prior to turning 18, which is the age of
majority in his state. Debra found out about
his age prior to the closing but honored the
contract, and they closed on the condo a
month after Ken's birthday. What was the
status of the contract when Ken and Debra
entered into it? - ANSWER-Voidable
( Because Ken was a minor when he
entered into the contract, he had the
option to cancel it (making it a voidable
contract). However, the parties to a
voidable contract may choose to execute it,
which is what happened here.)
Your client, Jackson, has been renting and
wants to purchase in the next year. What is
something he should do early on to
prepare? - ANSWER-Improve his credit
score
To become a Texas sales agent, how many
30-hour pre-licensing courses must Brock
take? - ANSWER-Six 30-hour courses
Contrary to federal fair housing laws, the
state where Katrina lives includes age as a
protected class. Which of these statements
about this conflict is true? - ANSWER-
Katrina must follow the more restrictive of
federal or state law.
In several states, married couples usually
hold property as ______. - ANSWERCommunity property
Define co-insurance clause. - ANSWER-A
provision in insurance policies covering real
property that requires that the policyholder
maintain coverage equal to at least 80% of
the property's actual replacement cost.
( A clause in an insurance policy that limits
the exposure to loss is a deductible clause.)
Download alle 106 pagina's voor € 25,99
Document in winkelwagenati ati pharmacology comprehensive comprehensive predictor fundamentals health care health care / nursing health care/ nursing healthcare hesi hesi rn exit maternal newborn med surg medical nursing medical surgical mental health nurs nursing nursing & health nutrition pathophysiology pediatrics pharmacology test bank tncc
Snel, betrouwbaar, veel aanbod van samenvattingen. Goed en duidelijk weergegeven.
Uitgebreid aanbod en zeer gebruiksvriendelijk! Al meerdere malen gebruik gemaakt en zoals steeds tevreden.
Een echte aanrader! Je vindt er heel wat nuttige samenvattingen!
Samenvattingen zijn eenvoudig te bestellen en te downloaden via de website. Aan te raden.
Kijk voor samenvattingen ook eens op Knoowy. Goede samenvattingen en betaalbaar.
Het is een fijne en uitgebreide website met helpende documenten en samenvattingen!
Knoowy is voor mij de perfecte service om een centje bij te verdienen! Die samenvattingen moet ik sowieso maken, dus waarom ze niet uploaden en wat bijverdienen?
Super handig, echt een goeie site. Ik ga dit in de toekomst vaker gebruiken!