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Question 1 of 50
1. Question
In Texas, Delinquency in real estate terms means:
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Question 2 of 50
2. Question
In Texas, A title plant is a duplicate set of title records maintained at title insurance companies for use in:
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Question 3 of 50
3. Question
In Texas, A real estate broker is typically considered:
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Question 4 of 50
4. Question
In Texas, If a person who works for a private corporation wants to participate in an employer-sponsored investment plan that allows them to set aside tax-deferred income for retirement or emergency purposes, they would enroll in a:
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Question 5 of 50
5. Question
In Texas, A non-conforming loan is a loan amount over:
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Question 6 of 50
6. Question
In Texas, A man paid $9,500 for the stock in trade of a retail business. He sold it for 25% more than he paid for it. If he lost 15% of the gross sale price because of credit risks, the net profit on his original investment would be:
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Question 7 of 50
7. Question
In Texas, This is a decision made by a court of law:
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Question 8 of 50
8. Question
In Texas, When Jared, a licensed real estate agent, obtains an exclusive listing for a property in his own neighborhood, Jared has obtained:
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Question 9 of 50
9. Question
In Texas, An unlicensed assistant in a real estate office cannot:
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Question 10 of 50
10. Question
In Texas, This will cover repairs to certain items like air conditioning or heating during the coverage period:
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Question 11 of 50
11. Question
In Texas, If a dispute over ownership of a property occurs, a property owner would likely be protected from loss if they had purchased:
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Question 12 of 50
12. Question
In Texas, When a real estate transaction occurs, which of these typically earn the highest commissions, barring any other contractual agreements?
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Question 13 of 50
13. Question
In Texas, Which of these is a congressionally chartered, shareholder owned company that is the nation’s largest supplier of home mortgage funds?
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Question 14 of 50
14. Question
In Texas, Retaining a property while at the same time using it as collateral to secure a loan is called:
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Question 15 of 50
15. Question
In Texas, A fiduciary relationship requires these elements:
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Question 16 of 50
16. Question
In Texas, Which of these is an example of a general agent that has the authority to make binding decisions on behalf of the principal:
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Question 17 of 50
17. Question
In Texas, A lease constitutes in part an ______________ contract between the ________________ and the __________________.
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Question 18 of 50
18. Question
In Texas, When a value is placed on a property for the purpose of taxation, this is called a(n):
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Question 19 of 50
19. Question
In Texas, The difference between the interest rate and the index on an adjustable rate mortgage is best known as:
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Question 20 of 50
20. Question
In Texas, A purchase money transaction is:
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Question 21 of 50
21. Question
In Texas, Method of attachment, adaptability of the attached item, relationship of the parties, intent of the person attaching the item, and agreement between parties are:
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Question 22 of 50
22. Question
In Texas, The Federal National Mortgage Association is also known as:
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Question 23 of 50
23. Question
In Texas, The Government National Mortgage Association, that provides funds for government loans like FHA and VA, is also known as:
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Question 24 of 50
24. Question
In Texas, Which of these would have the most percentage of their funds invested in real estate mortgages?
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Question 25 of 50
25. Question
In Texas, The “original principal balance” is best defined as:
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Question 26 of 50
26. Question
In Texas, Uniqueness in real estate properties is sometimes called:
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Question 27 of 50
27. Question
In Texas, A technique in which a seller deeds property to a buyer for consideration, and the buyer simultaneously leases the property back to the seller is called:
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Question 28 of 50
28. Question
In Texas, What does the Real Estate Settlements Procedures Act cover?
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Question 29 of 50
29. Question
In Texas, If Jonas is a person who is licensed in his state who negotiates and transacts the sale of real property, Jonas is:
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Question 30 of 50
30. Question
In Texas, If Jonathan lists his property with Julian, a broker in his hometown, and subsequently is killed in a tragic car accident before the listing is sold or expired, what happens with the listing?
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Question 31 of 50
31. Question
In Texas, Which of these are considered a protected class under the Fair Housing Amendments Act of 1988?
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Question 32 of 50
32. Question
In Texas, What happens if the principal is incapacitated or suffers death according to the laws of agency?
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Question 33 of 50
33. Question
In Texas, If a minority person is looking to purchase a home and the lender refuses to lend to them based on their creditworthiness, this is:
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Question 34 of 50
34. Question
In Texas, Any encumbrance placed on a property without the owner’s consent is considered:
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Question 35 of 50
35. Question
In Texas, The appraised value of a property is intended to estimate the:
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Question 36 of 50
36. Question
In Texas, When a lender makes a “firm commitment”, the lender has:
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Question 37 of 50
37. Question
In Texas, An unconditional unlimited estate of inheritance that represents the greatest estate and most extensive interest in land that can be enjoyed and is of perpetual duration is called a:
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Question 38 of 50
38. Question
In Texas, In order for a loan to be insured through the FHA, the property must:
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Question 39 of 50
39. Question
In Texas, An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage, is called:
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Question 40 of 50
40. Question
In Texas, This limits the amount the interest rate can increase or decrease over the life of the mortgage:
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Question 41 of 50
41. Question
In Texas, An “acceleration clause” is most closely related to:
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Question 42 of 50
42. Question
In Texas, Real property where all the owners own the property, common areas, and building together but with the exception of the interior of the unit to which they have title is called:
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Question 43 of 50
43. Question
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:
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Question 44 of 50
44. Question
In Texas, A decline in the value of property and an accounting term showing the declining monetary value of an asset is called:
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Question 45 of 50
45. Question
In Texas, The interest rate that is stated on a mortgage note is called the:
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Question 46 of 50
46. Question
In Texas, If you obtain liability insurance, which is usually part of a homeowner’s insurance policy, it will:
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Question 47 of 50
47. Question
In Texas, Commissions in real estate are generally the largest for realtors (agents and brokers). Which of the following earn the second largest commissions?
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Question 48 of 50
48. Question
In Texas, If a married couple acquires property during their marriage, the property is considered to be:
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Question 49 of 50
49. Question
In Texas, A property’s bundle of rights can include which of the following:
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Question 50 of 50
50. Question
In Texas, What occurs in a “bi-weekly” mortgage?
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