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TEXAS RE LAW SAE QUESTIONS AND ANSWERS

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TEXAS RE LAW SAE QUESTIONS AND ANSWERS

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Geüpload op
8 oktober 2024
Aantal pagina's
9
Geschreven in
2024/2025
Type
Tentamen (uitwerkingen)
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TEXAS RE LAW SAE QUESTIONS AND ANSWERS
Vernon's Annotated Texas Statutes - Answers-The state laws of Texas are codified and
bond in volumes called _______________.

Jury - Answers-In a jury trial, the burden is on the ____________ to take the law and
the facts as presented and to render a decision as to which party should prevail.

Tenth - Answers-The ___________ Amendment reserves all powers not granted to the
federal government to the states.

State district courts are extremely important courts in the area of real estate law. -
Answers-Which statement is correct?

United States Code Annotated - Answers-Federal laws are codified and bound in
volumes called the United States Code and the ____________.

Restitution - Answers-_________ is the restoration of the parties' original rights.

Fifth Circuit Court - Answers-In which circuit court of appeal's jurisdiction is Texas?

13 - Answers-Currently, there are ________ circuit courts of appeals.

Southwestern Reporter - Answers-Texas cases are reported in the ______________.

Net easement - Answers-The type of easement that does not benefit any particular
piece of property, but benefits the individual owner for his/her particular use is called
a(n) ______________.

Primogeniture - Answers-The antiquated idea that the first male child becomes the legal
title holder to a property upon the death of the father is known as _____________.

Creation of a homestead requires no formal designation whatsoever. - Answers-
****REWORD***Which of the following statements regarding homesteads in Texas is
TRUE?

Rectangular Survey System - Answers-The _____________ system of describing land
was established by Congress in 1785, and uses imaginary latitude and longitude lines
rather than physical monuments.

Remainder interest - Answers-A life estate is an estate for the life of some person, along
with a second estate that is termed a ____________.

Rural homestead - Answers-A __________ cannot be greater than 200 acres and must
include the portion of acreage with the claimant's home on it.

, Usufruct - Answers-The right to enjoy, and receive the profits of property that belongs to
another is known as a(n):

Joint tenancy - Answers-requires four unities: time, title, interest and possession.

Chattel - Answers-Personalty is also known as ___________.

Grantor - Answers-The borrower in a deed of trust is called the _____________.

Eminent domain - Answers-_____________ is a right by which some public entity with
the power of condemnation can take an individual's property for public use with just
compensation.

It must be in English and not a foreign language - Answers-Which of the following is one
of the four basic requirements for properly recording an instrument?

A person licensed to make regulated loans in Texas, Any agency of the State of Texas,
An attorney licensed in Texas - Answers-Who is authorized to file documents
electronically in Texas?

Due-on-transfer - Answers-The __________ clause provides that the grantor of the
deed may not convey the property to another party without paying off the note or
obtaining the mortgagee's approval.

10 - Answers-Except as otherwise fixed by law, the maximum rate of interest in Texas is
_________% per year.

Commitment fee - Answers-A _____________ is a fee charged for the promise of
securing funds at some future date.

A contractual lien can exist when two parties wish to establish the lien as security for
some type of obligation. - Answers-Which statement regarding contractual liens is
correct?

Universal liens - Answers-The four types of statutory liens that affect real property in
Texas are ad valorem tax liens, federal tax liens, judgment liens and ______________.

Paying the broker the commission named in the commission agreement, A court order
discharging the lien, Establishing an escrow account in which an escrow agent can
deposit amounts sufficient to satisfy the line, plus 15% of that amount - Answers-A
broker's lien can only be discharged by:

Tenancy - Answers-Another name for a leasehold estate is a(n) ___________.

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