AYPO Real Estate Exam Test 1 With
100% Correct And Verified Answers
Disparate impact - Correct Answer-A set of criteria which are not directly targeted at a
specific group but will disproportionately affect that group.
What purpose is served by regulating real estate licensing? - Correct Answer-1. prtect
the eneral public during real estate transactions from dishonest or incompetent brokers
and sales agents.
2. maintain high standards or the real estate profession
3. set out minimum standards and qualifications for licensing brokers and sales agents.
The seller must provide the buyer with a disclosure statement in the statutorily required
form, which includes? - Correct Answer-1. Underground storage tanks
2. the condition of all major appliances, systems, and services
3. the general condition of the property, including basement and roof leaks
Mortgages are a common type of ________ lein. - Correct Answer-consensual
What are the five duties owned by a fiduciary? - Correct Answer-1. Care
2. Discosure, confidenciality
3. Loyalty
4. accounting
5. obedience
Texas Landowners Bill of Rights includes. - Correct Answer-1. adequate compensation
if your property is condemned
2. your property can only be condemned for a public use.
3. your property can only be condemned by a gov entity
4. entity must notify you
6. said entity must provide you written appraisal
6. You can file a written complaint to trec
7. must make. a bona fide offer.
8. you may hire your own appraiser
9. you may hire an attorney
10. you're entitlled to a hearing
11. you've a right to trial
Joint tenancy is ended when - Correct Answer-Unity of time ends
The commission may require a license holder whose license suspension or revocation
is probated to do what - Correct Answer-Limit practice to an area prescribed by the
commission
