texas real estate practice exam
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Texas Real Estate State Exam pearson vue practice exam Texas Real Estate Exam (State) NATIO
163 terms 78 terms 32 terms 164 term
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Terms in this set (100) Hide definitions
A farmer temporarily installs produce coolers in a leased b) Trade fixtures that are personal property.
farm stand in order to prevent spoilage. The coolers
would be considered which of the following?
a) Trade fixtures that are real property.
b) Trade fixtures that are personal property.
c) Temporary real property.
d) Emblements.
Property can be converted from real to personal c) Severance and affixing.
property and from personal property to real property by
means of which processes respectively?
a) Assemblage and plottage.
b) Application and dissolution.
c) Severance and affixing.
d) Planting and harvesting.
The highest form of ownership interest one can acquire in d) Absolute fee simple estate.
real estate is the:
a) legal life estate.
b) Conventional life estate.
c) Defeasible fee simple estate.
d) Absolute fee simple estate.
,The distinguishing feature of a defeasible fee simple c) The estate may revert to a grantor or heirs if the prescribed use changes.
estate is that:
a) It could be passed onto heirs.
b) It has no restrictions on use.
c) The estate may revert to a grantor or heirs if the
prescribed use changes.
d) It is of unlimited duration.
Maria acquires a property from her uncle Alfonso. When a) conventional life estate.
Maria dies the estate will pass to Alfonso's other niece
Serena. The type of
estate that Maria has in the property is:
a) conventional life estate.
b) Legal life estate.
c) Fee simple defeasible estate.
d) Tenancy by the entirety's.
One difference between a cooperative estate and a a) a condominium owner owns a unit of air space whereas the co-op owner owns
condominium estate is that: a proprietary lease.
a) a condominium owner owns a unit of air space whereas
the co-op owner owns a proprietary lease.
b) A condominium sale adversely affects other unit
owners.
c) The co-op owner owns stock and a freehold real
estate interest whereas the condominium owner simply a
proprietary lease.
d) The condominium owner owns the common elements
and the air space whereas the co-op owner only owns
the apartment.
Who are the essential parties involved in an estate and d) Trustor, trustee, and beneficiary.
trust?
a) Owner trustor, and lawyer.
b) Owner, trustor, and trustee.
c) Trustee, title company, and beneficiary.
d) Trustor, trustee, and beneficiary.
, A condominium owner enjoys a: c) Fee simple ownership of the airspace in a unit and an undivided share of the
entire property's common areas.
a) share in an association that owns one's apartment.
b) Tenancy in common interest in air space and common
areas of the property.
c) Fee simple ownership of the airspace in a unit and an
undivided share of the entire property's common areas.
d) The simple ownership of a pro rata share of the entire
property.
With various types of junior liens, the order of payment a) the date of recordation.
priority is generally established according to:
a) the date of recordation.
b) What form of tax is in question.
c) The order of disbursement.
d) Whether the lien was subordinated.
What is a lien theory state in contrast to a title theory b) A state in which a mortgage retains title to the property when a mortgage lien
state? is created.
a) A state in which liens are given priority over other
encumbrances
b) A state in which a mortgage retains title to the
property when a mortgage lien is created.
c) A state in which the holder of a mortgage lien receives
title to the mortgage and property until the debt is
satisfied.
d) A state in which liens must be recorded to be
enforceable.
A property owner has an easement appurtenant on her b) Transfers with the property.
property. One day the property is sold to another party
who is opposed to the easement. Following the closing,
this particular form of easement:
a) terminates.
b) Transfers with the property.
c) Transfers with the owner to a new property.
d) Becomes a license on the property.
What fundamental legal purpose is fulfilled by title c) Giving constructive notice of one's rights and interests in the property.
records?
a) Keeping the county apprised of tax payments.
b) Preventing identity theft.
c) Giving constructive notice of one's rights and interests
in the property.
d) Assembling all relevant documents in a single place.
42 studiers today 4.6 (19 reviews)
Students also studied
Flashcard sets Study guides
Texas Real Estate State Exam pearson vue practice exam Texas Real Estate Exam (State) NATIO
163 terms 78 terms 32 terms 164 term
raineyd770 Preview Adam_Duncan3 Preview madelineesmithh Preview taly
Terms in this set (100) Hide definitions
A farmer temporarily installs produce coolers in a leased b) Trade fixtures that are personal property.
farm stand in order to prevent spoilage. The coolers
would be considered which of the following?
a) Trade fixtures that are real property.
b) Trade fixtures that are personal property.
c) Temporary real property.
d) Emblements.
Property can be converted from real to personal c) Severance and affixing.
property and from personal property to real property by
means of which processes respectively?
a) Assemblage and plottage.
b) Application and dissolution.
c) Severance and affixing.
d) Planting and harvesting.
The highest form of ownership interest one can acquire in d) Absolute fee simple estate.
real estate is the:
a) legal life estate.
b) Conventional life estate.
c) Defeasible fee simple estate.
d) Absolute fee simple estate.
,The distinguishing feature of a defeasible fee simple c) The estate may revert to a grantor or heirs if the prescribed use changes.
estate is that:
a) It could be passed onto heirs.
b) It has no restrictions on use.
c) The estate may revert to a grantor or heirs if the
prescribed use changes.
d) It is of unlimited duration.
Maria acquires a property from her uncle Alfonso. When a) conventional life estate.
Maria dies the estate will pass to Alfonso's other niece
Serena. The type of
estate that Maria has in the property is:
a) conventional life estate.
b) Legal life estate.
c) Fee simple defeasible estate.
d) Tenancy by the entirety's.
One difference between a cooperative estate and a a) a condominium owner owns a unit of air space whereas the co-op owner owns
condominium estate is that: a proprietary lease.
a) a condominium owner owns a unit of air space whereas
the co-op owner owns a proprietary lease.
b) A condominium sale adversely affects other unit
owners.
c) The co-op owner owns stock and a freehold real
estate interest whereas the condominium owner simply a
proprietary lease.
d) The condominium owner owns the common elements
and the air space whereas the co-op owner only owns
the apartment.
Who are the essential parties involved in an estate and d) Trustor, trustee, and beneficiary.
trust?
a) Owner trustor, and lawyer.
b) Owner, trustor, and trustee.
c) Trustee, title company, and beneficiary.
d) Trustor, trustee, and beneficiary.
, A condominium owner enjoys a: c) Fee simple ownership of the airspace in a unit and an undivided share of the
entire property's common areas.
a) share in an association that owns one's apartment.
b) Tenancy in common interest in air space and common
areas of the property.
c) Fee simple ownership of the airspace in a unit and an
undivided share of the entire property's common areas.
d) The simple ownership of a pro rata share of the entire
property.
With various types of junior liens, the order of payment a) the date of recordation.
priority is generally established according to:
a) the date of recordation.
b) What form of tax is in question.
c) The order of disbursement.
d) Whether the lien was subordinated.
What is a lien theory state in contrast to a title theory b) A state in which a mortgage retains title to the property when a mortgage lien
state? is created.
a) A state in which liens are given priority over other
encumbrances
b) A state in which a mortgage retains title to the
property when a mortgage lien is created.
c) A state in which the holder of a mortgage lien receives
title to the mortgage and property until the debt is
satisfied.
d) A state in which liens must be recorded to be
enforceable.
A property owner has an easement appurtenant on her b) Transfers with the property.
property. One day the property is sold to another party
who is opposed to the easement. Following the closing,
this particular form of easement:
a) terminates.
b) Transfers with the property.
c) Transfers with the owner to a new property.
d) Becomes a license on the property.
What fundamental legal purpose is fulfilled by title c) Giving constructive notice of one's rights and interests in the property.
records?
a) Keeping the county apprised of tax payments.
b) Preventing identity theft.
c) Giving constructive notice of one's rights and interests
in the property.
d) Assembling all relevant documents in a single place.
