Principles II Exam Prep Missed Questions Flashcards
The Education Standards Advisory Committee is made up of:
A. 12 members
B. 13 members
C. 9 members
D. 14 members
Rationale: The correct answer is A.
The Education Standard Advisory Committee has 12 members. The Broker-Lawyer Committee has 13 members and TREC has 9 members.
To become a salesperson in Texas, a person must complete at least\_\_\_\_ semester hours in principles of real estate. A. 12 B. 2 C. 4 D. 30
Rationale: The correct answer is C.
The person must also have 2 semester hours in law of agency, law of contracts, finance, and promulgated contract forms.
The listing agreement and the buyer’s representation agreement are examples of: A. Real agency B. Special agency C. General agency D. Universal agency
Rationale: The correct answer is B.
These are examples of special agency. The property management agreement and the independent contractor agreement are examples of general agency.
A form of ownership that allows the owners to have unequal shares and an undivided interest is: A. Tenancy by the entirety B. Joint tenancy C. Estate in severalty D. Tenancy in common
Rationale: The correct answer is D.
Tenancy in common is a common form of ownership in Texas. The common elements in a condominium are owned by the owners of the condos as tenants in common.
John, Joe, and Paul have invested in a property. John owns 50% of the property. Joe and Paul own 25% each. They own the property as:
A. Sole owners
B. Tenants in common
C. Joint tenants
D. None of the above
Rationale: The correct answer is B.
As tenants in common. the owners have unequal shares in the property, but they have an undivided right to use the property.
An applicant who fails an examination:
A. Applicant may apply for reexamination but must wait 7 days before retaking the national portion of the test.
B. Applicant must retake and pass a 30-hour principles class before applying for reexamination.
C. Applicant will only be allowed to retest after a six-month wait.
D. Applicant may apply for reexamination by filing a request accompanied by the proper fee.
Rationale: The correct answer is D.
An applicant who fails an examination may retake the examination by filing a request with the proper fee. The applicant has one year from the time of application in which to pass the examination.
Jane lives at 1226 Main Street, Smalltown, Texas. This would be used as the legal description for her: A. Deed B. Lien C. Tax return D. None of the above
Rationale: The correct answer is D.
A street address is an informal reference and is never used as a legal description.
A person may not sell, lease, or transfer an easement or right-of-way used for utility, railroad, or pipeline service for another for compensation unless the person:
A. Holds a real estate license issued by TREC
B. Holds a certificate of registration issued by TREC
C. Either A or B
D. Neither A or B
Rationale: The correct answer is C. This person would be called a right of way agent and TREC requires they have a real estate license or a certificate issued by TREC.
A square-mile section contains _________ ACRES and each acre contains _________ SQUARE FEET.
A. 640 —– 43,560
B. Are not used in Texas
C. 43,560 —– 640
D. 722 —– 20060
Rationale: The correct answer is A.
A square-mile section contains 640 acres, with each acre having 43,560 square feet. Sections are used in the Rectangular Survey System. Texas uses metes and bounds but we also use sections.
Telephone, electric, and gas line easements are examples of: A. Easements by necessity B. Easements by prescription C. Easements in gross D. Easements appurtenant
Rationale: The correct answer is C.
An easement appurtenant is an easement that is used between two lots to allow the owner of one lot to cross the other’s property. An easement by necessity is created when a property has become landlocked. An easement by prescription is an easement granted after the dominant estate has used the property for 10 years.
A right or privilege one party has to the use of the land of another for a special purpose consistent with the general use of the land is: A. An easement B. A deed restriction C. A mortgage D. A covenant
Rationale: The correct answer is A.
The party will never own the land. The easement only gives them the right to use the land.
The river has changed its course and is no longer covering part of John’s property. Dry land is the result of the change. This is referred to as: A. Accretion B. Avulsion C. Erosion D. Reliction
Rationale: The correct answer is D. Reliction.
Accretion is the increase of land by the deposit of sand or soil washed by naturally from a river. Erosion is the wearing away of the soil by a river. Avulsion is the cutting away of land.
