Page | 1
CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2025\2026 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 -
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 - ANSWER-
changes in property may be: involuntary or voluntary
3. Voluntary Alienation - ANSWER- transfer of title with the
grantor's consent
4. The absence of force - ANSWER- proves the conveyance is
voluntary
5. Interstate Succession - 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 - 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 - ANSWER- grantor promises the
grantee interrupted use of the property
8. Quitclaim Deed - 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 - 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. - 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) - ANSWER- is always compared to
the loan estimate
12. RESPA (Real Estate Settlement Procedures Act) -
ANSWER- implements Consumer Federal Protection Bureau
13. Interstate Land Sale Full disclosure Act - ANSWER- 1968
Passed by congress to protect consumers from fraud in the
sale or lease of land
14. Consideration - ANSWER- something of value. Grantee
gives to the grantor
15. Reservation in a deed - ANSWER- sell one part but retain a
piece
16. Title commitment - ANSWER- statement of title at a moment
of time
CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2025\2026 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 -
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 - ANSWER-
changes in property may be: involuntary or voluntary
3. Voluntary Alienation - ANSWER- transfer of title with the
grantor's consent
4. The absence of force - ANSWER- proves the conveyance is
voluntary
5. Interstate Succession - 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 - 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 - ANSWER- grantor promises the
grantee interrupted use of the property
8. Quitclaim Deed - 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 - 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. - 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) - ANSWER- is always compared to
the loan estimate
12. RESPA (Real Estate Settlement Procedures Act) -
ANSWER- implements Consumer Federal Protection Bureau
13. Interstate Land Sale Full disclosure Act - ANSWER- 1968
Passed by congress to protect consumers from fraud in the
sale or lease of land
14. Consideration - ANSWER- something of value. Grantee
gives to the grantor
15. Reservation in a deed - ANSWER- sell one part but retain a
piece
16. Title commitment - ANSWER- statement of title at a moment
of time
