Practice Quiz

Texas Real Estate Exam - Question List

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71. Which of the following is true of “condominium”?
  1. It applies to ownership, not to construction or development
  2. It is a type of ownership where all of the owners own each other’s interior units
  3. It is an ownership where owners own the property, common areas, and buildings together
  4. both A and C
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72.

In portfolio risk management, a lender considers:

  1. Diversification
  2. Liquidity
  3. Reserves
  4. All of the above
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73. The primary justification for zoning ordinances is that they:
  1. Promote conformity in the outward appearances of structures
  2. Limit the supply of specific businesses within a zoned area
  3. Promote the general health, safety and welfare of the community
  4. Increase the tax base of the local governing body
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74. If you are buying a piece of property and have someone else who is obligated on the loan and is on the title to the property, that person is called a:
  1. spouse
  2. family member or friend who shares the property and payments with you
  3. co-borrower
  4. none of the above
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75. The hiring of a specialist in property management would be justified by:
  1. Absentee ownership
  2. Technological advances in building concepts
  3. Vacancy factor high than normal
  4. Urbanization
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