Page | 1
CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2026\2027 QUESTIONS AND CORRECT
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
, Page | 2
5. Interstate Succession - CORRECT ANSWER - dying without
a valid will
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
, Page | 3
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.
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
CHAMPIONS PRINCIPLES OF REAL ESTATE 2
(TEXAS) 2026\2027 QUESTIONS AND CORRECT
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
, Page | 2
5. Interstate Succession - CORRECT ANSWER - dying without
a valid will
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
, Page | 3
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.
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
