Texas RE Law SAE Exam Questions And Answers

Texas RE Law SAE Exam Questions And Answers Vernon's Annotated Texas Statutes - answerThe state laws of Texas are codified and bond in volumes called _______________. Jury - answerIn a jury trial, the burden is on the ____________ to take the law and the facts as presented and to render a decision as to which party should prevail. Tenth - answerThe ___________ Amendment reserves all powers not granted to the federal government to the states. State district courts are extremely important courts in the area of real estate law. - answerWhich statement is correct? United States Code Annotated - answerFederal laws are codified and bound in volumes called the United States Code and the ____________. Restitution - answer_________ is the restoration of the parties' original rights. Fifth Circuit Court - answerIn which circuit court of appeal's jurisdiction is Texas? 13 - answerCurrently, there are ________ circuit courts of appeals. Southwestern Reporter - answerTexas cases are reported in the ______________. Net easement - answerThe type of easement that does not benefit any particular piece of property, but benefits the individual owner for his/her particular use is called a(n) ______________. Primogeniture - answerThe antiquated idea that the first male child becomes the legal title holder to a property upon the death of the father is known as _____________. Creation of a homestead requires no formal designation whatsoever. - answer****REWORD***Which of the following statements regarding homesteads in Texas is TRUE? Rectangular Survey System - answerThe _____________ system of describing land was established by Congress in 1785, and uses imaginary latitude and longitude lines rather than physical monuments. Remainder interest - answerA life estate is an estate for the life of some person, along with a second estate that is termed a ____________. Rural homestead - answerA __________ cannot be greater than 200 acres and must include the portion of acreage with the claimant's home on it. Usufruct - answerThe right to enjoy, and receive the profits of property that belongs to another is known as a(n): Joint tenancy - answerrequires four unities: time, title, interest and possession. Chattel - answerPersonalty is also known as ___________. Sponsoring broker - answerTo be eligible for a Texas real estate sales agent's license, the sales agent must be joined in his/her application by a ___________________ on a form prescribed by the commission. Agency coupled with an interest - answerWhat type of agency occurs when an agent has an interest or estate in the property as part or all of his/her compensation? Earnest money is a requirement for a valid contract in Texas - answerWhich statement regarding earnest money is INCORRECT? Contract for deed - answerAn installment land contract is also called a(n) ___________. Covenant against encumbrances - answerAn installment land contract is also called a(n) ___________. Grantor - answerThe borrower in a deed of trust is called the _____________. Eminent domain - answer_____________ is a right by which some public entity with the power of condemnation can take an individual's property for public use with just compensation. It must be in English and not a foreign language - answerWhich of the following is one of the four basic requirements for properly recording an instrument? A person licensed to make regulated loans in Texas, Any agency of the State of Texas, An attorney licensed in Texas - answerWho is authorized to file documents electronically in Texas? Due-on-transfer - answerThe __________ clause provides that the grantor of the deed may not convey the property to another party without paying off the note or obtaining the mortgagee's approval. 10 - answerExcept as otherwise fixed by law, the maximum rate of interest in Texas is _________% per year. Commitment fee - answerA _____________ is a fee charged for the promise of securing funds at some future date. A contractual lien can exist when two parties wish to establish the lien as security for some type of obligation. - answerWhich statement regarding contractual liens is correct? Universal liens - answerThe four types of statutory liens that affect real property in Texas are ad valorem tax liens, federal tax liens, judgm