. A real estate practitioner can advertise which of the
following terms and not trigger
a. 7% interest rate
b. $498 monthly payments
c. 90% financing
d. low down payment
. Which of the following st
atements is true regarding real estate leases?
a. All leases for real estate must be in writing to be enforceable.
b. There are no TREC promulgated lease forms except the temporary lease forms.
c. Only the landlord needs to sign a lease.
d. A holdover tena
nt is exactly the same as a trespasser.
. With Regard to landlord
tenant Laws, which of the following statements is correct?
a. In the event of non
payment of rent the landlord can place a lien on all tenant’s
b. Habitable premises is rigidly
defined for all properties.
c. The landlord has an obligation to install security devices.
d. The maximum occupancy limits prohibit more than two adults per bedroom.
. With regard to the adjustment phase of the appraisal, which of the following is true?
a. The adjustment is made to the subject property.
b. More weight is given to the comparable that has the most adjustments.
c. Term and conditions of sale are not considered when making adjustments.
d. The “Adjusted Market Price” is the dollar value of ea
ch comparable sale after it has
gone through an adjustment process.
. If land under an apartment building is being apprais
ed, the most likely method used
would be the:
b. square foot basis.
c. lot method.
d. county appraisal distric
. The most appropriate method used to appraise a public school building would be the:
a. market comparison approach.
b. income approach.
c. cost approach.
d. unit in place approach.
. In using the cost approach in an appraisal, a building
ound to have faulty or outdated
design. It would be
subject to which type of depreciation?
a. Functional obsolescence
b. Economic obsolescence
c. Physical deterioration
d. Fictional depreciation
. If unavoidable circumstances cause a delay in closin
g, but it is important to close
anyway, the parties may:
a. perform a dry closing.
b. close into escrow.
c. perform an internet closing.
d. disburse the funds and sign the deed later.
. A use of property that is not in agreement with present zoning laws
a. may never be permitted in Texas.
b. may be permitted under a “grandfather clause”.
c. may be changed with 66% vote of the legislature.
d. must escheat to the state.