Champions TX Real Estate Property Management SAE
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. Land has four economic characteristics: - Correct Answer: scarcity,
modification, fixity, situs
2. Three physical characteristics of Land - Correct Answer:
nonhomogeneity, immobility, indestructibility
3. Characteristics of VALUE - Correct Answer: Demand, Utility, Scarcity,
Transferability (DUST)
4. Real Property - Correct Answer: Land, improvements attached to the
land, benefits, rights, and ownership interests that go with the land.
5. Personal Property - Correct Answer: a right or interest in things of a
temporary or movable nature; anything not classified as real property.
6. Appurtenance - Correct Answer: Is often used to describe rights,
privileges or improvements that belong to and pass with the land.
,7. Improvements - Correct Answer: man's additions to the land such as
buildings and landscaping.
8. Emblements - Correct Answer: Are crops cultivated annually.
9. Easements - Correct Answer: Allows limited use or enjoyment of
another's land. It is a right in land and should be created in writing and
recorded. It is use without possession.
10.Encumbrance - Correct Answer: Is a limit on a property, or a limit on a
property's owner's rights, that may or may not also be a cloud to the title.
11.Encroachment - Correct Answer: When a structure or improvement
overlaps onto another's property.
12.Chattel (Personalty) - Correct Answer: Right or interest in something of
a temporary or movable nature an include anything not classed as a real
property
13.Bill of Sale - Correct Answer: A document used to transfer ownership of
personal property.
14.Fixture - Correct Answer: An item of personal property; however, it has
been attached in such a way that it ha become real property.
,15.Annexation - Correct Answer: The process of attaching personal
property so that it becomes real property thus creating a fixture
16.Severance - Correct Answer: The process of real property becoming
personal
17.Metes and Bounds - Correct Answer: Descriptions use terminal points
and angles and always have a point of beginning. Descriptions might include
the use of street names. Monuments permanent surveyor markers are
often the starting point.
18.Lot, Block and Subdivision - Correct Answer: Legal Description of Land:
Recorded Map or Plat
19.The Rectangular Survey System - Correct Answer: Also known as the
government survey or US public land survey, describes land based on
longitude and latitude
20.A Write of Execution - Correct Answer: A court order directing the
county sheriff to seize and sell property of a debtor to satisfy a lien
21.Lot, block - Correct Answer: A method of land description frequently
used after land has been subdivided into building lots; also referred to as
the recorded plat method. (Must have a plat map to find the property)
, 22.Liquidation of debts by installments - Correct Answer: Amortization is
the process of:
23.Easement - Correct Answer: The right to cross over property owned by
another
24.Separate Property - Correct Answer: Real property owned by the
husband or wife prior to marriage
25.Assesed Valuation - Correct Answer: the tax on a given piece of real
estate is determined by multiplying the tax rate of the assessing body by
the:
26.Statue of Frauds - Correct Answer: The law which requires certain
contracts to be in writing to be enforceable is called the
27.Survey, with corners staked, by a licensed surveyor - Correct Answer: To
ascertain the exact boundary lines of property, one should obtain a
28.Grantee - Correct Answer: One who acquires property under a deed is:
29.General Warranty Deed - Correct Answer: The deed which states that
the title conveyed is good from the sovereignty of the soil to the grantee
and that no one else can successfully claim the property is a
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. Land has four economic characteristics: - Correct Answer: scarcity,
modification, fixity, situs
2. Three physical characteristics of Land - Correct Answer:
nonhomogeneity, immobility, indestructibility
3. Characteristics of VALUE - Correct Answer: Demand, Utility, Scarcity,
Transferability (DUST)
4. Real Property - Correct Answer: Land, improvements attached to the
land, benefits, rights, and ownership interests that go with the land.
5. Personal Property - Correct Answer: a right or interest in things of a
temporary or movable nature; anything not classified as real property.
6. Appurtenance - Correct Answer: Is often used to describe rights,
privileges or improvements that belong to and pass with the land.
,7. Improvements - Correct Answer: man's additions to the land such as
buildings and landscaping.
8. Emblements - Correct Answer: Are crops cultivated annually.
9. Easements - Correct Answer: Allows limited use or enjoyment of
another's land. It is a right in land and should be created in writing and
recorded. It is use without possession.
10.Encumbrance - Correct Answer: Is a limit on a property, or a limit on a
property's owner's rights, that may or may not also be a cloud to the title.
11.Encroachment - Correct Answer: When a structure or improvement
overlaps onto another's property.
12.Chattel (Personalty) - Correct Answer: Right or interest in something of
a temporary or movable nature an include anything not classed as a real
property
13.Bill of Sale - Correct Answer: A document used to transfer ownership of
personal property.
14.Fixture - Correct Answer: An item of personal property; however, it has
been attached in such a way that it ha become real property.
,15.Annexation - Correct Answer: The process of attaching personal
property so that it becomes real property thus creating a fixture
16.Severance - Correct Answer: The process of real property becoming
personal
17.Metes and Bounds - Correct Answer: Descriptions use terminal points
and angles and always have a point of beginning. Descriptions might include
the use of street names. Monuments permanent surveyor markers are
often the starting point.
18.Lot, Block and Subdivision - Correct Answer: Legal Description of Land:
Recorded Map or Plat
19.The Rectangular Survey System - Correct Answer: Also known as the
government survey or US public land survey, describes land based on
longitude and latitude
20.A Write of Execution - Correct Answer: A court order directing the
county sheriff to seize and sell property of a debtor to satisfy a lien
21.Lot, block - Correct Answer: A method of land description frequently
used after land has been subdivided into building lots; also referred to as
the recorded plat method. (Must have a plat map to find the property)
, 22.Liquidation of debts by installments - Correct Answer: Amortization is
the process of:
23.Easement - Correct Answer: The right to cross over property owned by
another
24.Separate Property - Correct Answer: Real property owned by the
husband or wife prior to marriage
25.Assesed Valuation - Correct Answer: the tax on a given piece of real
estate is determined by multiplying the tax rate of the assessing body by
the:
26.Statue of Frauds - Correct Answer: The law which requires certain
contracts to be in writing to be enforceable is called the
27.Survey, with corners staked, by a licensed surveyor - Correct Answer: To
ascertain the exact boundary lines of property, one should obtain a
28.Grantee - Correct Answer: One who acquires property under a deed is:
29.General Warranty Deed - Correct Answer: The deed which states that
the title conveyed is good from the sovereignty of the soil to the grantee
and that no one else can successfully claim the property is a
