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Exam (elaborations)

TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025

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TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025

Institution
TEXAS REAL ESTATE NATIONAL
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TEXAS REAL ESTATE NATIONAL











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Institution
TEXAS REAL ESTATE NATIONAL
Module
TEXAS REAL ESTATE NATIONAL

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Uploaded on
July 22, 2025
Number of pages
48
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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TEXAS REAL ESTATE NATIONAL EXAM
QUESTIONS AND ANSWERS 2025

real property - correct answer- the tangible real estate and
intangible rights associated with the ownership of real estate
-transfers by deed or will




personal property - correct answer- a right or interest in things
of a temporary or movable nature; anything not classed as real
property (chattel, personalty)
-transfers by a bill of state




fixture - correct answer- personal property that has been
attached in such a way as to make it real property
-"installed" often indicates permanent attachment
-annexation: the process of attaching
-severed: real property becoming personal property




trade fixture - correct answer- objects affixed to leased property
that are owned by and necessary for the tenant's trade or
business
-accession: acquiring property if trade fixtures are not removed
prior to the termination of the lease

,2 | Page




legal land description methods - correct answer- metes and
bounds, the rectangular survey system, lot-block-tract system,
monuments




physical characteristics of land (DUI) - correct answer- -
durability
-uniqueness
-immobility




economic characteristics of land (SAFE) - correct answer- -
situs
-alteration
-fixity
-economic scarcity




encumbrance - correct answer- any claim or liability attached to
real property that may lessen the owner's bundle of rights or the
value of the property
-lien, claim, liability, judgment, encroachment, lease, easement,
deed restriction, etc.
-release is the best way to get rid of it

,3 | Page



lien - correct answer- a charge against property as security for
a debt




voluntary lien - correct answer- when a person takes actions
that places a lien on his or her own property
-example: taking out a mortgage or home improvement loan




involuntary lien - correct answer- property owner doesn't take
any action to initiate them
-created by law
-can be statutory or equitable
-statutory: federal tax liens, ad valorem tax liens, judgement
liens
-equitable: arise out of common law and include seller (vendor)
or buyer (vendee) liens




encroachment - correct answer- a physical intrusion on
someone else's property without direct permission




deed restrictions (CC&R's) - correct answer- sets limits on how
the property may be used by the owner (covenants, conditions,
& restrictions)

, 4 | Page

-created by the grantor




easement - correct answer- a right to use part or all of another
individual's land or property for a specific purpose and length of
time




estate - correct answer- an interest in real property




freehold estate - correct answer- the property owner has actual
ownership and possession of the land, which lasts for an
unspecified period of time




statutory estate - correct answer- created by law
-community property & homestead in Texas




forms of ownership - correct answer- -individual ownership
-co-ownership
-held in trust




types of co-ownership - correct answer- -tenancy in common

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