TEXAS PRINCIPLES OF REAL ESTATE II EXAM LATEST , PRACTICE QUESTIONS AND CORRECT ANSWERS (100%VERIFIED ANSWERS) |ALREADY GRADED A+

TEXAS PRINCIPLES OF REAL ESTATE II EXAM

LATEST 2023-2024, PRACTICE QUESTIONS AND

CORRECT ANSWERS (100%VERIFIED ANSWERS)

|ALREADY GRADED A+

The right of the government to take an individual's land if he or she dies without a

will or heirs.

a. Police power

b. Ad valorem

c. Taxation

d. Escheat

e. Condemnation - ANSWER- D

The government's right to tax real estate.

a. Police power

b. Ad valorem

c. Taxation

d. Escheat

e. Condemnation - ANSWER- C

The right of the government to regulate and control the way that an individual uses

his or her land.

a. Police power

b. Ad valorem

c. Taxation

d. Escheat

e. Condemnation - ANSWER- A

The action of government seizure of land for the good of the public.

a. Police power

b. Ad valorem

c. Taxation

d. Escheat

e. Condemnation - ANSWER- E

According to value

a. Police power

b. Ad valorem

c. Taxation

d. Escheat

e. Condemnation - ANSWER- B

The government retains the following rights in lands, EXCEPT:

a. Eminent domain

b. Allodial

c. Police Power

d. Taxation - ANSWER- B

If a landowner sues the government in order to force it to buy his or her land, this

is called:

a. Reverse condemnation

b. Forward condemnation

c. Inverse condemnation

d. Ad valorem - ANSWER- C

There is a ___________ right of redemption of homestead property sold at auction

in Texas.

a. One year

b. Two year

c. Three year

d. Four year - ANSWER- B

The Interstate Land Sales Full Disclosure Act provides for:

a. The protection of the government from land owners filing suit against eminent

domain cases

b. The protection of developers from homeowners' associations

c. The reimbursement of individuals whose land has been condemned by the

government

d. The protection of consumers from fraud in the sale or lease of land - ANSWERD

Under the Interstate Land Sales Full Disclosure Act, developers are required to

provide each purchaser in a subdivision or condominium with a Property Report.

a. True

b. False - ANSWER- A

Authority for cleanup of hazardous substances under CERCLA is granted to all of

the following, EXCEPT:

a. States' natural resource agencies

b. Federal natural resource agencies

c. Homeowners' associations

d. Native American tribes - ANSWER- C

A broker is not required to advise a sponsored sales agent of the scope of the sales

agent's authorized activities under the License Act.

a. True

b. False - ANSWER- B

REO stands for real estate owned.

a. True

b. False - ANSWER- A