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TEXAS PRINCIPLES 1 EXAM WITH ANSWERS CHAMPIONS SCHOOL OF REAL ESTATE
Question 1: Courses for the renewal of an active real
estate broker or sales agent license are called
CORRECT ANSWER: continuing education (CE)
Question 2: What is the maximum amount that the
Commission will pay from the real estate recovery trust
account for claims against any one license holder, until
the account has been repaid in full by the license holder?
CORRECT ANSWER: $100,000
Question 3: Which is owned by the tenant?
CORRECT ANSWER: a trade fixture
Question 4: Which of the following terms refers not only
to the surface of the earth but also below to the center of
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