Practice Quiz

Texas Real Estate Exam - Question List

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6. A two- to-four family property:
  1. consists of a structure that provides living space for two to four families and ownership is evidenced by two to four deeds
  2. consists of a structure that provides living space for two to four families and ownership is evidenced by a single deed
  3. is not a deeded property
  4. is an illegal form of ownership
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7. A home inspection is:
  1. a thorough inspection by a professional which evaluates the structural and mechanical condition of a property
  2. not required by law
  3. often a contingency in a contract that it turns out satisfactorily
  4. both A and C
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8.

A real estate broker hired a sales agent and entered into a written contract of employment, designating him/her as an Independent Contractor. Such status permits the salesman:

  1. To advertise listed properties in his own name
  2. To sue to collect commission in his own name
  3. To work for several brokers at one time
  4. To perform his services only through his employing broker
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9. The annual residential tax obligation is determined by the:
  1. Board of Equalization
  2. Board of Supervisors
  3. County Assessor's Office
  4. Treasurer's Office
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10. A broker is required to keep his principal informed of all material facts. A broker who holds a listing from the seller must disclose which of the following facts when presenting an offer?
  1. The purchaser is not of the Caucasian race
  2. A cooperating broker will be presenting a higher offer the following day
  3. The buyer's lender is insisting on an impound account
  4. None of the above
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