Texas Principles of Real Estate I - Short Practice Test

Front

Which committee is mentioned in the introduction to modern real estate practice?

Back

Education Committee

Front

Which commission is responsible for real estate licensing requirements in Texas?

Back

The Texas Real Estate Commission

Front

Which of the following is a primary focus of commercial real estate?
Single-family dwellings, Apartment leasing, Property used for business, Multi-family residences

Back

Property used for business

Front

Which of the following is a type of industrial property use mentioned in the text? Apartment leasing, Storage, Single-family dwellings, Multi-family residences

Back

Storage

Front

What is a common form of residential real estate?

Back

Single-family dwellings

Front

What is the primary function of the Education Standards Advisory Committee (ESAC)?

Back

To review and revise curriculum standards, course content, and instructor certification requirements

Front

What is the purpose of Sales Agent Apprentice Education (SAE)?

Back

To be completed in the first two years of being licensed as a real estate agent

Front

What is the term used to describe the actual piece of the earth, including anything below the surface and the air above it?

Back

Land

Front

What does the term 'situs' refer to in real estate?

Back

The economic significance of a property's location

Front

What is the economic principle that states real estate exists in a fixed location and cannot be moved?

Back

Fixity