Texas Real Estate State Exam With
complete solution Latest 2024/25
Real Property - land, Improvements attached to the land, and the rights to use them
II II II II II II II II II II II II II II II II
Personal Property - right or interest in things of a temporary or movable nature chattel
II II II II II II II II II II II II II II II II II
personalty. Ownership transferred by a BILL OF SALE
II II II II II II II II
II Fixture - Personal Property attached in such a way to make it real property.
II II II II II II II II II II II II II II II
II Annexation - Process of attaching personal property to real property making it a fixture
II II II II II II II II II II II II II II II
II Severed or Severance - Real property being removed becoming personal property
II II II II II II II II II II II II
Trade Fixtures - required to carry out a business example would be commercial cooking
II II II II II II II II II II II II II II II II
equipment in a restaurant
II II II II
II Accesion - Acquiring trade fixtures by non removal prior to termination of lease
II II II II II II II II II II II II II II
II Land 3 physical characteristics - nonhomogeneity, immobility, indestructibility
II II II II II II II II II
II Nonhomogeneity - no to pieces are exactly alike II II II II II II II II II
II immobility - land cannot be moved - a person must go to the land
II II II II II II II II II II II II II II II
II indestructibility - durability - it will always be there II II II II II II II II II II
II Land 4 economic characteristics - scarcity, modification, fixity, situs
II II II II II II II II II II
scarcity - short supply where demand is great example lot in Manhattan v. a lot in upstate
II II II II II II II II II II II II II II II II II II II
NY
II
modification - land use and value are greatly influenced by improvements made by man
II II II II II II II II II II II II II II II II
to land and to surrounding parcels of land
II II II II II II II II
fixity - land and buildings and other improvements to land are consideration fixed or
II II II II II II II II II II II II II II II II
permanent investments- they are not liquid assets
II II II II II II II
II Situs - location preference location,location,location
II II II II II II
Metes and Bounds - legal description of land that always has a point of beginning that is
II II II II II II II II II II II II II II II II II II II
also the end. The oldest used in 13 original colonies
II II II II II II II II II II
, Lot,Block, and Subdivision - recorded map or plat, it is the most common description in
II II II II II II II II II II II II II II II II II
residential listing agreements
II II II
Monuments - permanent surveyors markers often starting point for metes and bounds
II II II II II II II II II II II II II II
example Iron pipe, oak tree
II II II II II
Rectangular/ Government Survey - takes into consideration base lines, meridians,
II II II II II II II II II II II II
townships and sections.Townships and Sections are located in Ranges. Example
II II II II II II II II II II
S7T3R2 means Section 7 Townships 3 Range 2
II II II II II II II II
II Township - 36 Sections II II II II II
II Section - 640 Acres 1 square mile II II II II II II II II
II Acre - 43,560 square feet
II II II II II II
II Plat - map of a town, section, or subdivision
II II II II II II II II II II
Plot - map or layout of improvements on a property site. The property site is also called a
II II II II II II II II II II II II II II II II II II II II
lot or parcel
II II II
II Encumbrance - limitation on your rights. It may also called cloud on a title. II II II II II II II II II II II II II II II
II Voluntary lein - created by the borrowers actions such as taking out a mortgage
II II II II II II II II II II II II II II II
II Involuntary lein - created by law ie. ad valorem tax lein II II II II II II II II II II II II
II Specific lein - attaches to one or more specific properties ex mortgage
II II II II II II II II II II II II II
II General lein - attaches to all property of the debtor example tax lien
II II II II II II II II II II II II II II
II Lein - created by recording a judgement
II II II II II II II II
writ of execution - party wins and is unable to collect,he can secure a writ of execution
II II II II II II II II II II II II II II II II II II II
from the courts to enforce payment.
II II II II II II
II reservation - withholds title of part of the land Ex. easement or mineral rights
II II II II II II II II II II II II II II II
II encroachment - structure or improvements overlaps onto another's property II II II II II II II II II II
II easement - limited use or enjoyment of another's land written or verbal or implied
II II II II II II II II II II II II II II II
II easements can be terminated - merger of adjacent property, release, or abandonment
II II II II II II II II II II II II II
Easement appurtenant - Dominant estate uses driveway of servient estate to access
II II II II II II II II II II II II II II
their property
II II
complete solution Latest 2024/25
Real Property - land, Improvements attached to the land, and the rights to use them
II II II II II II II II II II II II II II II II
Personal Property - right or interest in things of a temporary or movable nature chattel
II II II II II II II II II II II II II II II II II
personalty. Ownership transferred by a BILL OF SALE
II II II II II II II II
II Fixture - Personal Property attached in such a way to make it real property.
II II II II II II II II II II II II II II II
II Annexation - Process of attaching personal property to real property making it a fixture
II II II II II II II II II II II II II II II
II Severed or Severance - Real property being removed becoming personal property
II II II II II II II II II II II II
Trade Fixtures - required to carry out a business example would be commercial cooking
II II II II II II II II II II II II II II II II
equipment in a restaurant
II II II II
II Accesion - Acquiring trade fixtures by non removal prior to termination of lease
II II II II II II II II II II II II II II
II Land 3 physical characteristics - nonhomogeneity, immobility, indestructibility
II II II II II II II II II
II Nonhomogeneity - no to pieces are exactly alike II II II II II II II II II
II immobility - land cannot be moved - a person must go to the land
II II II II II II II II II II II II II II II
II indestructibility - durability - it will always be there II II II II II II II II II II
II Land 4 economic characteristics - scarcity, modification, fixity, situs
II II II II II II II II II II
scarcity - short supply where demand is great example lot in Manhattan v. a lot in upstate
II II II II II II II II II II II II II II II II II II II
NY
II
modification - land use and value are greatly influenced by improvements made by man
II II II II II II II II II II II II II II II II
to land and to surrounding parcels of land
II II II II II II II II
fixity - land and buildings and other improvements to land are consideration fixed or
II II II II II II II II II II II II II II II II
permanent investments- they are not liquid assets
II II II II II II II
II Situs - location preference location,location,location
II II II II II II
Metes and Bounds - legal description of land that always has a point of beginning that is
II II II II II II II II II II II II II II II II II II II
also the end. The oldest used in 13 original colonies
II II II II II II II II II II
, Lot,Block, and Subdivision - recorded map or plat, it is the most common description in
II II II II II II II II II II II II II II II II II
residential listing agreements
II II II
Monuments - permanent surveyors markers often starting point for metes and bounds
II II II II II II II II II II II II II II
example Iron pipe, oak tree
II II II II II
Rectangular/ Government Survey - takes into consideration base lines, meridians,
II II II II II II II II II II II II
townships and sections.Townships and Sections are located in Ranges. Example
II II II II II II II II II II
S7T3R2 means Section 7 Townships 3 Range 2
II II II II II II II II
II Township - 36 Sections II II II II II
II Section - 640 Acres 1 square mile II II II II II II II II
II Acre - 43,560 square feet
II II II II II II
II Plat - map of a town, section, or subdivision
II II II II II II II II II II
Plot - map or layout of improvements on a property site. The property site is also called a
II II II II II II II II II II II II II II II II II II II II
lot or parcel
II II II
II Encumbrance - limitation on your rights. It may also called cloud on a title. II II II II II II II II II II II II II II II
II Voluntary lein - created by the borrowers actions such as taking out a mortgage
II II II II II II II II II II II II II II II
II Involuntary lein - created by law ie. ad valorem tax lein II II II II II II II II II II II II
II Specific lein - attaches to one or more specific properties ex mortgage
II II II II II II II II II II II II II
II General lein - attaches to all property of the debtor example tax lien
II II II II II II II II II II II II II II
II Lein - created by recording a judgement
II II II II II II II II
writ of execution - party wins and is unable to collect,he can secure a writ of execution
II II II II II II II II II II II II II II II II II II II
from the courts to enforce payment.
II II II II II II
II reservation - withholds title of part of the land Ex. easement or mineral rights
II II II II II II II II II II II II II II II
II encroachment - structure or improvements overlaps onto another's property II II II II II II II II II II
II easement - limited use or enjoyment of another's land written or verbal or implied
II II II II II II II II II II II II II II II
II easements can be terminated - merger of adjacent property, release, or abandonment
II II II II II II II II II II II II II
Easement appurtenant - Dominant estate uses driveway of servient estate to access
II II II II II II II II II II II II II II
their property
II II
