Texas Crammer Practice Exam

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Prepare for the Texas Crammer Exam with comprehensive study tools, engaging flashcards and multiple choice questions. Each question includes hints and explanations. Ace your Texas exam!

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Which of the following transactions would not require a real estate license?

The sale of commercial real estate
For sale by owner transactions
The sale of a new mobile home
The sale of residential property

The correct answer is: The sale of a new mobile home

The sale of a new mobile home does not require a real estate license because this type of transaction typically falls under the purview of personal property rather than real property. Mobile homes are often classified as personal property when they are not permanently affixed to land. Therefore, individuals involved in the sale of mobile homes can conduct these transactions without needing a real estate license, as the laws governing the sale of mobile homes are distinct from those related to traditional real estate. In contrast, the sale of commercial real estate, residential property, and even for sale by owner transactions usually requires a real estate license, as these involve legal complexities and fiduciary responsibilities that licensed professionals are trained to handle.