Practice Quiz

Texas Real Estate Exam - Question List

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26. In a timeshare seminar that was advertised to 10,000 people, the timeshare people did not reveal the minimum attendance required for the prize giveaways. Is this a violation of the Real Estate Law?
  1. No, the Real Estate Law does not regulate advertising for timeshares
  2. Yes, anyone giving away prizes must disclose in advance the minimum attendance required for the giveaways
  3. No, the law specifically allows the seller of the timeshare to surprise the consumer by requiring attendance at a presentation
  4. Yes, unless the prize us in excess of $10,000
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27. A deposit receipt does not contain the clause that states that in case of buyer default, the broker is entitled to part of the buyer’s forfeited deposit. If the buyer defaults, according to this contract, the broker is entitled to:
  1. Half the normal commission
  2. No commission
  3. Half of the forfeited deposit
  4. His full commission
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28.
Under the “Bulk Sales Law’, who would assume liability for stock-in-trade if no notice were given?
  1. Seller
  2. Buyer
  3. Broker and creditors
  4. Creditors
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29. After six lots have been sold in a subdivision, the Real Estate Commissioner is informed of misrepresentation in the sales program. The Commissioner could halt the sale of more lots by:
  1. Voiding the public report
  2. Attaching the unsold lots
  3. Issuing a Desist and Refrain order
  4. Filing an accusation in court
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30. Marx gets to one of his barns by driving across McDonald’s land. He has been making the drive daily for the past six years. McDonald had often asked Marx to stop this practice. Marx now says he has a legal right to continue this use of McDonald’s land. Marx’s right, if valid, is an easement by:
  1. Necessity
  2. Implied Grant
  3. Prescription
  4. Defeasance
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