Texas SAE Real Estate Law – Champions Schools Exam Questions with Complete & Updated Solutions

Texas SAE Real Estate Law – Champions Schools Exam Questions with Complete & Updated Solutions Texas Constitution items - Answer ️️ -Community property, mechanical liens, materialman lanes, ad valorem, homestead protection, forced sale, taxes due, owelty of partition, refinance of a lien Courts of Law - Answer ️️ -Structures developed through basic legal principles and doctrines of equity, the written aspects of a transaction more carefully and rigorously adhered to Courts of equity - Answer ️️ -Established to soften the impact of strict legal principles. They have concurrent jurisdiction with a court of law, and would impose jurisdiction when fairness or equity dictated that these rules in some circumstances were too strict. Arbitration - Answer ️️ -An out-of-court resolution of a dispute between parties to a contract, decided by an impartial third person Mediation - Answer ️️ -A procedure to settle a legal dispute using a third party mediator Freehold Estates - Answer ️️ -An estate in land in which ownership is for an indeterminate length of time, in contrast to a leasehold estate. Condition limitation - Answer ️️ -Exist with the estate is limited to the happening of a certain event and when such an event happens the estate is terminated and reverts to the grantor. Condition subsequent - Answer ️️ -Gives the grantor the right to terminate the estate by reversion rather than the automatic reversion condition precedent - Answer ️️ -The title passed by a deed search that the title will not take affect in the named Grantee until a condition is performed Statutory Estate - Answer ️️ -created by law, in TX community property, Cemetery lots, Texas water rights and homestead are examples