Texas Real Estate State Exam Test with Verified Answers
1. Real Property land, Improvements attached to the land, and the
rights to use them
2. Personal Property right or interest in things of a temporary or movable
nature chattel personalty. Ownership transferred by a
BILL OF SALE
3. Fixture Personal Property attached in such a way to make it
real property.
4. Annexation Process of attaching personal property to real property
making it a fixture
5. Severed or Sever- Real property being removed becoming personal
ance property
6. Trade Fixtures required to carry out a business example would be
commercial cooking equipment in a restaurant
7. Accesion Acquiring trade fixtures by non removal prior to termi-
nation of lease
8. Land 3 physical nonhomogeneity, immobility, indestructibility
characteristics
9. Nonhomogeneity no to pieces are exactly alike
10. immobility land cannot be moved - a person must go to the land
11. indestructibility durability - it will always be there
12. Land 4 economic scarcity, modification, fixity, situs
characteristics
13. scarcity short supply where demand is great example lot in
Manhattan v. a lot in upstate NY
14. modification land use and value are greatly influenced by im-
provements made by man to land and to surrounding
parcels of land
, 15. fixity land and buildings and other improvements to land are
consideration fixed or permanent investments- they
are not liquid assets
16. Situs location preference location,location,location
17. Metes and Bounds legal description of land that always has a point of
beginning that is also the end. The oldest used in 13
original colonies
18. Lot,Block, and Sub- recorded map or plat, it is the most common descrip-
division tion in residential listing agreements
19. Monuments permanent surveyors markers often starting point for
metes and bounds example Iron pipe, oak tree
20. Rectangular/ Gov- takes into consideration base lines, meridians, town-
ernment Survey ships and sections.Townships and Sections are lo-
cated in Ranges. Example S7T3R2 means Section 7
Townships 3 Range 2
21. Township 36 Sections
22. Section 640 Acres 1 square mile
23. Acre 43,560 square feet
24. Plat map of a town, section, or subdivision
25. Plot map or layout of improvements on a property site. The
property site is also called a lot or parcel
26. Encumbrance limitation on your rights. It may also called cloud on a
title.
27. Voluntary lein created by the borrowers actions such as taking out a
mortgage
28. Involuntary lein created by law ie. ad valorem tax lein
1. Real Property land, Improvements attached to the land, and the
rights to use them
2. Personal Property right or interest in things of a temporary or movable
nature chattel personalty. Ownership transferred by a
BILL OF SALE
3. Fixture Personal Property attached in such a way to make it
real property.
4. Annexation Process of attaching personal property to real property
making it a fixture
5. Severed or Sever- Real property being removed becoming personal
ance property
6. Trade Fixtures required to carry out a business example would be
commercial cooking equipment in a restaurant
7. Accesion Acquiring trade fixtures by non removal prior to termi-
nation of lease
8. Land 3 physical nonhomogeneity, immobility, indestructibility
characteristics
9. Nonhomogeneity no to pieces are exactly alike
10. immobility land cannot be moved - a person must go to the land
11. indestructibility durability - it will always be there
12. Land 4 economic scarcity, modification, fixity, situs
characteristics
13. scarcity short supply where demand is great example lot in
Manhattan v. a lot in upstate NY
14. modification land use and value are greatly influenced by im-
provements made by man to land and to surrounding
parcels of land
, 15. fixity land and buildings and other improvements to land are
consideration fixed or permanent investments- they
are not liquid assets
16. Situs location preference location,location,location
17. Metes and Bounds legal description of land that always has a point of
beginning that is also the end. The oldest used in 13
original colonies
18. Lot,Block, and Sub- recorded map or plat, it is the most common descrip-
division tion in residential listing agreements
19. Monuments permanent surveyors markers often starting point for
metes and bounds example Iron pipe, oak tree
20. Rectangular/ Gov- takes into consideration base lines, meridians, town-
ernment Survey ships and sections.Townships and Sections are lo-
cated in Ranges. Example S7T3R2 means Section 7
Townships 3 Range 2
21. Township 36 Sections
22. Section 640 Acres 1 square mile
23. Acre 43,560 square feet
24. Plat map of a town, section, or subdivision
25. Plot map or layout of improvements on a property site. The
property site is also called a lot or parcel
26. Encumbrance limitation on your rights. It may also called cloud on a
title.
27. Voluntary lein created by the borrowers actions such as taking out a
mortgage
28. Involuntary lein created by law ie. ad valorem tax lein
