Practice Quiz

Texas Real Estate Exam - Question List

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51. Insofar as a residential neighborhood is concerned, which of the following would offer the least protection against blighting influences on future development:
  1. Natural or artificial barriers
  2. Partially built-up neighborhood
  3. New neighborhood in the path of directional city growth
  4. All families with similar income
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52. A salesman receives a deposit together with a written offer to purchase and delivers them to the employing broker who presents it to the seller. The seller signs and accepts the offer. Without the consent of the salesman and through no fault of his own, the buyer and seller instruct the salesman’s employing broker to return the deposit. Which of the following is true?
  1. The salesman’s employing broker may retain one-half of the deposit and must give one-half to the seller
  2. The broker may sue the seller but must return the deposit
  3. The broker may retain one-half of the deposit and must return only one-half to the buyer
  4. The broker may retain the deposit to compensate him for his efforts
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53.

The amount paid by a mortgagor for mortgage insurance, either government or private is called:

  1. Mortgage insurance premium
  2. Private mortgage insurance premium
  3. FHA insurance premium
  4. VA insurance premium
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54. Which of the following real estate syndicates requires 100 or more investors:
  1. Limited partnership
  2. Joint venture
  3. Corporation
  4. Real Estate investment trust
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55. The term “note rate” refers to:
  1. the speed at which a musician plays scales
  2. the interest rate stated on a mortgage note
  3. the interest rate stated on a personal loan
  4. the rate at which a note is amortized
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