Texas Real Estate State Exam UPDATED
Study QUESTIONS AND ANSWERS
Real Property - CORRECT ANSWER land, Improvements attached to the land, and the
rights to use them
Personal Property - CORRECT ANSWER right or interest in things of a temporary or
movable nature chattel personalty. Ownership transferred by a BILL OF SALE
Fixture - CORRECT ANSWER Personal Property attached in such a way to make it
real property.
Annexation - CORRECT ANSWER Process of attaching personal property to real
property making it a fixture
Severed or Severance - CORRECT ANSWER Real property being removed becoming
personal property
Trade Fixtures - CORRECT ANSWER required to carry out a business example would
be commercial cooking equipment in a restaurant
Accesion - CORRECT ANSWER Acquiring trade fixtures by non removal prior to
termination of lease
Land 3 physical characteristics - CORRECT ANSWER nonhomogeneity, immobility,
indestructibility
Nonhomogeneity - CORRECT ANSWER no two pieces are exactly alike
Land 4 economic characteristics - CORRECT ANSWER scarcity, modification, fixity,
situs
, modification - CORRECT ANSWER land use and value are greatly influenced by
improvements made by man to land and to surrounding parcels of land
fixity - CORRECT ANSWER land and buildings and other improvements to land are
consideration fixed or permanent investments- they are not liquid assets
Situs - CORRECT ANSWER location preference location,location,location
Metes and Bounds - CORRECT ANSWER legal description of land that always has a
point of beginning that is also the end. The oldest used in 13 original colonies
Lot,Block, and Subdivision - CORRECT ANSWER recorded map or plat, it is the most
common description in residential listing agreements
Monuments - CORRECT ANSWER permanent surveyors markers often starting point
for metes and bounds example Iron pipe, oak tree
Rectangular/ Government Survey - CORRECT ANSWER takes into consideration base
lines, meridians, townships and sections.Townships and Sections are located in Ranges.
Example S7T3R2 means Section 7 Townships 3 Range 2
Township - CORRECT ANSWER 36 Sections
Section - CORRECT ANSWER 640 Acres 1 square mile
Acre - CORRECT ANSWER 43,560 square feet
Plat - CORRECT ANSWER map of a town, section, or subdivision
Study QUESTIONS AND ANSWERS
Real Property - CORRECT ANSWER land, Improvements attached to the land, and the
rights to use them
Personal Property - CORRECT ANSWER right or interest in things of a temporary or
movable nature chattel personalty. Ownership transferred by a BILL OF SALE
Fixture - CORRECT ANSWER Personal Property attached in such a way to make it
real property.
Annexation - CORRECT ANSWER Process of attaching personal property to real
property making it a fixture
Severed or Severance - CORRECT ANSWER Real property being removed becoming
personal property
Trade Fixtures - CORRECT ANSWER required to carry out a business example would
be commercial cooking equipment in a restaurant
Accesion - CORRECT ANSWER Acquiring trade fixtures by non removal prior to
termination of lease
Land 3 physical characteristics - CORRECT ANSWER nonhomogeneity, immobility,
indestructibility
Nonhomogeneity - CORRECT ANSWER no two pieces are exactly alike
Land 4 economic characteristics - CORRECT ANSWER scarcity, modification, fixity,
situs
, modification - CORRECT ANSWER land use and value are greatly influenced by
improvements made by man to land and to surrounding parcels of land
fixity - CORRECT ANSWER land and buildings and other improvements to land are
consideration fixed or permanent investments- they are not liquid assets
Situs - CORRECT ANSWER location preference location,location,location
Metes and Bounds - CORRECT ANSWER legal description of land that always has a
point of beginning that is also the end. The oldest used in 13 original colonies
Lot,Block, and Subdivision - CORRECT ANSWER recorded map or plat, it is the most
common description in residential listing agreements
Monuments - CORRECT ANSWER permanent surveyors markers often starting point
for metes and bounds example Iron pipe, oak tree
Rectangular/ Government Survey - CORRECT ANSWER takes into consideration base
lines, meridians, townships and sections.Townships and Sections are located in Ranges.
Example S7T3R2 means Section 7 Townships 3 Range 2
Township - CORRECT ANSWER 36 Sections
Section - CORRECT ANSWER 640 Acres 1 square mile
Acre - CORRECT ANSWER 43,560 square feet
Plat - CORRECT ANSWER map of a town, section, or subdivision
