Business > QUESTIONS & ANSWERS > The CE Shop Principles of Real Estate I Exam Review (2022/2023) Already Passed (All)
The CE Shop Principles of Real Estate I Exam Review (2022/2023) Already Passed In most markets, in which month would a real estate downcycle typically start? ✔✔November You have a listing agre... ement with Sam, which makes him your ______. ✔✔Client Who has the ultimate responsibility for the sales agent's actions in Texas? ✔✔The sales agent, and the sales agent's broker Licensee Dionne pointed out to her buyer client the items in the house she was showing that would be considered real property. One of the key determinants, she explained, was whether the item were _______. ✔✔Permanently affixed to the property The seller of property that may be subject to a private transfer fee must provide the prospective buyer with this written notice. ✔✔Private transfer fee obligation Which term would you most likely see associated with a lake? ✔✔Littoral In order for a lease for real estate to be enforceable, it must be in writing and signed by the person to be charged with the promise/agreement, or by someone who is legally authorized to sign for that person. This requirement applies to a lease with a term of ______. ✔✔More than one year Ginnie's Aunt Becca listed the old family mansion with Ginnie. Ginnie put it on the market for Becca, but then she and her cousins talked with Becca and decided they wanted to keep the property in the family. What's the best way to terminate the agreement? ✔✔Ginnie and Becca must mutually agree to terminate the agreement In Texas, a real estate licensee doesn't have to have any additional licenses to sell manufactured homes as long as _________________. ✔✔The license [Show More]
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