Texas Real Estate Exam with Actual
Answers
Graduated Lease ✔️✔️long-term lease where the rent amount is adjusted over time based on
some set rules (for example, every two years based on the consumer price index, or every five
years based on a re-appraisal of the property).
Ground Lease ✔️✔️A lease of land only, on which the tenant usually owns a building or is
required to build as specified in the lease. Such leases are usually long-term net leases; the
tenant's rights and obligations continue until the lease expires or is terminated through default.
Voluntary Lien ✔️✔️A lien placed on property with the knowledge and consent of the
property owner.
Specific Lien ✔️✔️One that attaches to a particular property.
General Lien ✔️✔️A lien that attaches to all property owned by an individual. Real and
personal.
Mortgage Lien ✔️✔️lender's claim against real estate
,Mechanic's Lien ✔️✔️applies to individuals or companies who supplied labor or materials that
improve a property; involuntary
Tax Lien ✔️✔️attaches to a property when the owner's property taxes aren't paid; involuntary.
Judgement Lien ✔️✔️a lien placed on property to settle a judgement from a lawsuit;
involuntary.
Surface Rights ✔️✔️the rights to use the surface of the earth
Subsurface Rights ✔️✔️Ownership rights in a parcel of real estate to the water, minerals, gas,
oil, and so forth that lie beneath the surface of the property.
Air Rights ✔️✔️The right to use the open space above a property, usually allowing the surface
to be used for another purpose.
Riparian Rights ✔️✔️A legal right of a landowner who owns land next to a natural
watercourse to reasonable use of whatever water flows past the property.
Littoral Rights ✔️✔️rights of a landowner adjacent to a lake
Remember "L" - Littoral/Lake
, Grantor ✔️✔️must sign the deed and the signature must be acknowledged
Grantee ✔️✔️The person receiving title to real estate
Granting Clause ✔️✔️words of conveyance that states the grantor's intention to convey the
property
Habendum Clause ✔️✔️have, hold
General Warranty Deed ✔️✔️A deed in which the grantor fully warrants good, clear title to the
premises. Used in most real estate deed transfers, a general warranty deed offers the greatest
protection of any deed.
Special Warranty Deed ✔️✔️covers only the current grantor's time of ownership
Bargain and Sale Deed ✔️✔️Foreclosure sale
Quitclaim Deed ✔️✔️Includes no warranties of any kind
Voluntary Alienation ✔️✔️The transfer of title by a deed.
Involuntary Alienation ✔️✔️A transfer of title to real property without the owner's consent .
Answers
Graduated Lease ✔️✔️long-term lease where the rent amount is adjusted over time based on
some set rules (for example, every two years based on the consumer price index, or every five
years based on a re-appraisal of the property).
Ground Lease ✔️✔️A lease of land only, on which the tenant usually owns a building or is
required to build as specified in the lease. Such leases are usually long-term net leases; the
tenant's rights and obligations continue until the lease expires or is terminated through default.
Voluntary Lien ✔️✔️A lien placed on property with the knowledge and consent of the
property owner.
Specific Lien ✔️✔️One that attaches to a particular property.
General Lien ✔️✔️A lien that attaches to all property owned by an individual. Real and
personal.
Mortgage Lien ✔️✔️lender's claim against real estate
,Mechanic's Lien ✔️✔️applies to individuals or companies who supplied labor or materials that
improve a property; involuntary
Tax Lien ✔️✔️attaches to a property when the owner's property taxes aren't paid; involuntary.
Judgement Lien ✔️✔️a lien placed on property to settle a judgement from a lawsuit;
involuntary.
Surface Rights ✔️✔️the rights to use the surface of the earth
Subsurface Rights ✔️✔️Ownership rights in a parcel of real estate to the water, minerals, gas,
oil, and so forth that lie beneath the surface of the property.
Air Rights ✔️✔️The right to use the open space above a property, usually allowing the surface
to be used for another purpose.
Riparian Rights ✔️✔️A legal right of a landowner who owns land next to a natural
watercourse to reasonable use of whatever water flows past the property.
Littoral Rights ✔️✔️rights of a landowner adjacent to a lake
Remember "L" - Littoral/Lake
, Grantor ✔️✔️must sign the deed and the signature must be acknowledged
Grantee ✔️✔️The person receiving title to real estate
Granting Clause ✔️✔️words of conveyance that states the grantor's intention to convey the
property
Habendum Clause ✔️✔️have, hold
General Warranty Deed ✔️✔️A deed in which the grantor fully warrants good, clear title to the
premises. Used in most real estate deed transfers, a general warranty deed offers the greatest
protection of any deed.
Special Warranty Deed ✔️✔️covers only the current grantor's time of ownership
Bargain and Sale Deed ✔️✔️Foreclosure sale
Quitclaim Deed ✔️✔️Includes no warranties of any kind
Voluntary Alienation ✔️✔️The transfer of title by a deed.
Involuntary Alienation ✔️✔️A transfer of title to real property without the owner's consent .
