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Exam (elaborations)

Texas Real Estate Salesperson Exam practice questions with correct answers

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The fact that an individual must go to the land describes which of the characteristics of land? CORRECT ANSWER IMMOBILITY John and Mary are co-owners of a property. John has 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? CORRECT ANSWER TENANCY IN COMMON A property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angles. What method of land description is he using? CORRECT ANSWER METES AND BOUNDS John leased space in a building and installed bookcases and ceiling fans in that space. His lease will soon expire. What will happen to the bookcases and fans? CORRECT ANSWER BECAUSE THEY HAVE BEEN INSTALLED, THE BOOKCASES AND FANS ARE FIXTURES AND HAVE BECOME PART OF THE PROPERTY. HE MUST LEAVE THEM BEHIND. Which of the following is an example of an involuntary, statutory specific lien? CORRECT ANSWER AD VALOREM TAX LIEN A buyers agent has helped her buyers find a property. The sellers have installed a fountain in the courtyard and the buyers have stressed to their agent that they want the fountain to be included in their purchase. What should the buyers agent do to ensure that her clients get the fountain? CORRECT ANSWER THE AGENT CAN INCLUDE WORDING IN THE BUYERS OFFER THAT INDICATES THAT THE FOUNTAIN IS INCLUDED IN THE SALE. All of the following are fixtures except: CORRECT ANSWER A GARDEN BENCH Mary and John are married with grown children. Both are intestate. If John dies and Mary becomes the owner of their home, what type of ownership did they have? CORRECT ANSWER TENANCY BY THE ENTIRETY

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Institution
Texas Real Estate Salesperson
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Texas Real Estate Salesperson

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Uploaded on
March 11, 2023
Number of pages
9
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

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