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CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2025 QUESTIONS AND ANSWERS.
1. You want this one. Purchase title insurance either by grantor or
grantee. Insured against loss resulting from defects of the title -
correct answer - you want this one. Purchase title insurance
either by grantor or grantee. Insured against loss resulting from
defects of the title
2. Types of changes in the ownership of the property - correct
answer - changes in property may be: involuntary or voluntary
3. Voluntary Alienation - correct answer - transfer of title with the
grantor's consent
4. The absence of force - correct answer - proves the conveyance
is voluntary
5. Interstate Succession - correct answer - dying without a valid
will
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6. Given by the grantor or grantee. Something of value given in
exchange for a conveyance. It can be money, personal
property, ie $10 - correct answer - given by the grantor or
grantee. Something of value given in exchange for a
conveyance. It can be money, personal property, ie $10
7. Covenant of Quiet Enjoyment - correct answer - grantor
promises the grantee interrupted use of the property
8. Quitclaim Deed - correct answer - A deed with no guarantees
or warranties - it offers the buyer the least protection - can be
used to correct or cure a defect or cloud on title
9. Lispendens - correct answer - pending lawsuits affecting the
property
10. Final rule mandates the use of 2 disclosures that help the
consumer in understanding the key features, costs and risk: 3
pages loan estimate & closing disclosure forms. - correct
answer - final rule mandates the use of 2 disclosures that help
the consumer in understanding the key features, costs and risk:
3 pages loan estimate & closing disclosure forms.
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11. Closure Disclosure (CD) - correct answer - is always
compared to the loan estimate
12. RESPA (Real Estate Settlement Procedures Act) - correct
answer - implements Consumer Federal Protection Bureau
13. Interstate Land Sale Full disclosure Act - correct answer -
1968 Passed by congress to protect consumers from fraud in
the sale or lease of land
14. Consideration - correct answer - something of value.
Grantee gives to the grantor
15. Reservation in a deed - correct answer - sell one part but
retain a piece
16. Title commitment - correct answer - statement of title at a
moment of time
CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2025 QUESTIONS AND ANSWERS.
1. You want this one. Purchase title insurance either by grantor or
grantee. Insured against loss resulting from defects of the title -
correct answer - you want this one. Purchase title insurance
either by grantor or grantee. Insured against loss resulting from
defects of the title
2. Types of changes in the ownership of the property - correct
answer - changes in property may be: involuntary or voluntary
3. Voluntary Alienation - correct answer - transfer of title with the
grantor's consent
4. The absence of force - correct answer - proves the conveyance
is voluntary
5. Interstate Succession - correct answer - dying without a valid
will
, Page | 2
6. Given by the grantor or grantee. Something of value given in
exchange for a conveyance. It can be money, personal
property, ie $10 - correct answer - given by the grantor or
grantee. Something of value given in exchange for a
conveyance. It can be money, personal property, ie $10
7. Covenant of Quiet Enjoyment - correct answer - grantor
promises the grantee interrupted use of the property
8. Quitclaim Deed - correct answer - A deed with no guarantees
or warranties - it offers the buyer the least protection - can be
used to correct or cure a defect or cloud on title
9. Lispendens - correct answer - pending lawsuits affecting the
property
10. Final rule mandates the use of 2 disclosures that help the
consumer in understanding the key features, costs and risk: 3
pages loan estimate & closing disclosure forms. - correct
answer - final rule mandates the use of 2 disclosures that help
the consumer in understanding the key features, costs and risk:
3 pages loan estimate & closing disclosure forms.
, Page | 3
11. Closure Disclosure (CD) - correct answer - is always
compared to the loan estimate
12. RESPA (Real Estate Settlement Procedures Act) - correct
answer - implements Consumer Federal Protection Bureau
13. Interstate Land Sale Full disclosure Act - correct answer -
1968 Passed by congress to protect consumers from fraud in
the sale or lease of land
14. Consideration - correct answer - something of value.
Grantee gives to the grantor
15. Reservation in a deed - correct answer - sell one part but
retain a piece
16. Title commitment - correct answer - statement of title at a
moment of time
