***INSTANT DOWNLOAD***Champion School Of Real Estate-Law Of Contracts,With Q &A

Champion School Of Real Estate-Law Of n n n n n




Contracts,With Q &A n n n




Texas bReal bEstate bCommission b- b bcorrect banswer- bTREC-created bby bthe bLegislature bin b1949. b9
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bmember bcommission bwhose bprimary bpurpose bis bto bcarry bout bthe bprovision bof bthe bLicense bAct
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Real bEstate bRecovery bTrust bAccount b- b bcorrect banswer- badministered bby bTREC. bthe bpurpose bof
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bthe baccount bis bto bprotect baggrieved bindividuals bwho bsuffer bmonetary bloss bdue bto billegal bacts bof
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blicense bholders
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unlawful bpractice bof blaw b- b bcorrect banswer- blicense bholder bis bnot bqualified bto badd bprovisions bto
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bcontracts bthat bgo bbeyond bfactual bbusiness bdetails.
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Promulgated bForms b- b bcorrect banswer- bresidential bcontract bforms bthat bare bmandatory bfor blicense
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bholder
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Deceptive btrade bpractices bAct b- b bcorrect banswer- bTexas blaw bthat bapplies bto btrade band
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bcommerce bthat bwas bpassed bin b1973. bPart bof bthe bTexas bBusiness band bCommerce bcode
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,Land b- b bcorrect banswer- bsurface bof bthe bearth bextending bdownward bto bthe bcenter band bupward
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babove bthe bsurface bto binfinity
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Real bEstate b- b bcorrect banswer- ball bthat bencompassed bin bland bwith bthe baddition bof ball bman-made
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badditions bto bthe bland b(improvements)
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Real bProperty b- b bcorrect banswer- bgoes bbeyond bphysical breal bestate band bincludes bthe brights bthat
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ba bperson bhas bin bthe bland.
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Bundle bof bRights b- b bcorrect banswer- brights bthat ba bperson bhas bin bthe bland
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severable b- b bcorrect banswer- bdifferent brights bcan bbe bseparate
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Surface bRights b- b bcorrect banswer- bthe bability bto bdevelop bthe bsurface band bto buse bresources
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bextracted bfrom bor bnear bthe bsurface
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Subsurface bRights b- b bcorrect banswer- brights bto boil, bgas band bminerals, bare bcommonly bconveyed
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bthrough ba blease, bmineral bdeed bor breservation
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Air bRights b- b bcorrect banswer- bextend babove bthe bsurface bwithout blimitations
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improvements b- b bcorrect banswer- bman-made badditions bto bthe bland bthat bis bpermanent band bis
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bconsidered bto bbecome bpart bof bthe bland
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personalty/chattel b- b bcorrect banswer- bpersonal bproperty n n n n n n

, bill bof bsale b- b bcorrect banswer- bused bto baccomplish bthe btransfer bof bpersonal bproperty,
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baccompanies bthe bdeed
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Fixture b- b bcorrect banswer- bpersonal bproperty bthat bhas bbecome battached bto bthe bland
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annexation b- b bcorrect banswer- bpersonal bproperty bthat bbecomes breal bproperty
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severance b- b bcorrect banswer- bremoving bfixtures bto bbecome bpersonal bproperty
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Physical bCharacteristics bof bLand b- b bcorrect banswer- bIndestructibility-cannot bbe bdestroyed
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Immobility-cannot bbe bmoved n n




Non-homogeneity-no btwo bparcels bare bthe bsame n n n n n




Economic bCharacteristics bof bLand b- b bcorrect banswer- bScarcity-supply band bdemand
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Modification-value bis baffected bby bman bmade bchanges n n n n n n




Fixity-additions btake blong bperiods bof btime bto bpay n n n n n n n




Situs-location, blocation, blocation n n




Estate bin bSeveralty b- b bcorrect banswer- bownership bby bone bindividiual
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Co-Ownership b- b bcorrect banswer- bownership bby btwo bor bmore
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Trust b- b bcorrect banswer- bownership bconveyed bto ba btrustee bfor bthe bbenefit bof bothers
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tenancy bin bcommon b- b bcorrect banswer- bownership bby b2 bor bmore bwith bundivided binterests
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