Principal Of Real Estate 1 Final Exam/60 Questions & Answers

The life tenant in a life estate is not allowed to: A) pay the property tax on the property B) commit waste by destroying or harming the property C) lease the property and keep the rent D) improve the property {Ans: B) commit waste by destroying or harming the property}TRELA does NOT apply to: A) an attorney licensed in this state B) an on-site manager of an apartment complex C) a public official while engaged in official duties D) all of the above {Ans: Wrong C) a public official while engaged in official duties}The determination of what constitutes a fixture primarily revolves around: A) method of annexation B) fitness or adaptation to a particular use of the premises C) the intention of the parties D) all of the above {Ans: D) all of the above}If a complaint is filed against a licensee through the Texas Real Estate Commission and the Commission finds the licensee guilty of a violation of the Texas Real Estate Licensee Act, the licensee can appeal to the: A) Attorney General's office B) Texas governor C) District court D) Local board of Realtors® {Ans: C) District court}Johnson grants an estate in land to