In Texas, The interest rate banks charge to their preferred customers is called:

In Texas, In order to set commission rates, the contract between the principal and broker should:

In Texas, A way of holding title to a property when the mortgagor does not actually own the property but instead has a recorded long-term lease on it is called a:

In Texas, When a value is placed on a property for the purpose of taxation, this is called a(n):

In Texas, The original amortization term minus the number of payments that have been applied is commonly referred to as:

In Texas, If a purchase contract for a property has no acceleration clause and no provisions in the contract prohibiting a resale or an assignment, the borrower could potentially:

In Texas, The right to occupy a property for a specified period of time without outside interference is known as:

In Texas, The nominal interest rate is:

In Texas, The civil penalty for a first violation of the Federal Fair Housing Laws can be as much as this amount if the Justice Department get involved:

In Texas, The investor criterion for a home mortgage is an uninsured loan-to-value ratio of 90% of the appraisal. The sales agreement and appraisal is in the amount of $180,000. Following underwriting guidelines, the buyer qualifies for a loan of $145,000. How much of the purchase will be financed by this investor?

In Texas, An index used to determine interest rate changes for certain adjustable rate loans is called:

In Texas, When the appraised value of a property is given, it is based on:

In Texas, A public official who establishes the value of a property for taxation purposes is called a(n):

In Texas, The relationship between economic life of a house and physical life of a house is:

In Texas, Instead of refinancing a mortgage, sometimes a lender will agree to do this instead:

In Texas, Chattel real can be interest of a lessee and is NOT:

In Texas, Which type of deed transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made?

In Texas, When someone is referred to as a “realtor”, they are referring to a person who is:

In Texas, Real Property is defined as land and appurtenances, including:

In Texas, What is the best way to determine if a neighboring property is encroaching on another?

In Texas, If a person agrees to pay a certain sum for a service deed to be done on a property while the other person simply agrees to do the service if their schedule permits for it, this kind of contract would be called:

In Texas, If a person borrows a monetary amount and issues a written promise to repay a specific amount over a specified period of time, the person is issuing a:

In Texas, The zoning of isolated properties for uses different from the uses specified by existing zoning laws refers to:

In Texas, Which of these is NOT an action that causes a real estate transaction to be considered “closed”?

In Texas, A fiduciary who holds or controls property for the benefit of another is called:

In Texas, The Transfer Disclosure Statement (TDS) form is required on:

In Texas, If a property is leveraged at 50%, this means that the debt on the property is which percentage of its value?

In Texas, In regards to the borrower in a mortgage agreement, they would NOT be called the:

In Texas, A real estate agent should disclose any environmental hazards or conditions that could have an affect on the property except in which case?

In Texas, David, a broker, has recently finalized a deal for the purchase of one of his listings. The buyer has given him earnest money. What must David do next with the earnest money?

In Texas, If a homeowner protects their property from flood waters by means of sandbags and subsequently diverts the flood water directly into another homeowner’s property which causes substantial damage, this would be:

In Texas, A type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted entirely under the auspices of a court is called a:

In Texas, A person makes an offer to purchase a property that was shown to them by their broker, but then waits to present the offer to the seller until later that day. In the meantime, two more offers were submitted on the property. Under the rule of agency, the offer:

In Texas, When someone is having their credit history checked by a lender for use in the loan qualification process, their creditworthiness is being determined by use of:

In Texas, What does the Real Estate Settlements Procedures Act cover?

In Texas, If you obtain liability insurance, which is usually part of a homeowner’s insurance policy, it will:

In Texas, An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage, is called:

In Texas, In every loan payment that includes interest, the loan payments consist of a portion that is applied to pay the accruing interest and a portion applied to the principal. As time goes on, the interest portion does NOT _______________ as the loan balance _______________.

In Texas, When the principal balance of a loan, bond, or other financial instrument becomes due and payable, this is called the date of:

In Texas, Which of these is a congressionally chartered, shareholder owned company that is the nation’s largest supplier of home mortgage funds?

In Texas, If the expiration of time has passed in regards to the communication of acceptance by the seller from the buyer, this offer is considered:

In Texas, Restrictive covenants included in deeds for all properties within a subdivision can dictate:

In Texas, The four components of a monthly mortgage payment on impounded loans are:

In Texas, The appraised value of a subject property is presented in a Certificate of Reasonable Value in which type of loan?

In Texas, A report of an individual’s credit history and is used by a lender in determining a loan applicant’s creditworthiness is prepared by a:

In Texas, Ben is a property owner who is selling. He has made an arrangement with Jerry to provide financing in combination with an assumable mortgage. What type of agreement has been made?

In Texas, Toby has made arrangements with his creditors to repay delinquent installments or advances. This type or arrangement is called a:

In Texas, If a real estate agency relationship is to be enforceable, which of these needs to happen:

In Texas, If a seller refuses to fill out their section of the Transfer Disclosure Statement (TDS), the seller’s agent is advised to:

In Texas, If Jerome, a buyer, takes over the mortgage of Henry, a seller, this type of transaction is called a(n):