Test

Question 1

In real estate, Brokerage is the aspect that pertains to…

Answer 1

Overseeing the needs of the parties and completing a transaction

Question 2

If you are involved in real estate development, what are you most likely doing

Answer 2

Residential Subdivisions

Question 3

What does immobility mean

Answer 3

Land cannot be moved

Question 4

The purpose of TRELA is to

Answer 4

protect the public against unscrupulous brokers and sales agents

Question 5

TREC can impose administrative penalties on licensed and unlicensed individuals of up to _______

Answer 5

$5000 per day

Question 6

Developing (improving) the surface and using the resources extracted from or near the surface is able through ________

Answer 6

Surface rights

Question 7

How do you turn land into real estate

Answer 7

Improvements

Question 8

Which of the following are examples of improvements

Answer 8

Decking

Question 9

If you take a fixture down it is know as

Answer 9

Severance

Question 10

Do fixtures convey to the new owner

Answer 10

Yes

Question 11

Property taxes are:
Ad valoreum
According to value
Highest priority lean

Answer 11

All the above