Practice Quiz

Texas Real Estate Exam - Question List

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11.

Adams sold his house to Brooks, who did not record the deed, but took up residency there. Adams then sold the same property to Carr, who reviewed the county recorder’s records, but did not examine the property. Adams gave Carr a deed, which Carr recorded. Which of the following would be true concerning title to the property?

  1. Carr and brooks are co-owners of the property
  2. Carr now owns the property because he recorded his deed first
  3. Carr has recourse against Brooks for failure to record
  4. Brooks maintains title
See answer
12.

For income tax purposes, on which of the following could depreciation be taken?

  1. Raw land
  2. Owner occupied residential property
  3. Owner occupied farmhouse
  4. Orchards
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13. For an inflation hedge, one would most likely put their money into:
  1. A savings account
  2. Government backed trust deeds or mortgages
  3. Long term government bonds
  4. Equity assets
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14. Certain factors to be considered in evaluating business property are given special names by appraisers. The name given to the factor which affords the advantage of display area and entrances on two streets is called:
  1. Pedestrian court
  2. Corner influence
  3. 100% location
  4. Accessibility
See answer
15.
A deposit receipt must contain a:
  1. Termite clause
  2. Subordination clause
  3. Broker's safety clause
  4. None of the above
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