TEXAS SAE REAL ESTATE INVESTMENT TEST FINAL EXAM AND PRACTICE
EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Real Estate = - ANSWER Land + Improvements
Real Property = - ANSWER Real Estate (land and improvements) + the bundle of
rights associated with owning the property (right of exclusion, possession,
disposition, quiet enjoyment)
Ownership Rights - ANSWER Surface rights
Subsurface rights
Air rights
Water rights
Riparian Rights vs Littoral Rights - ANSWER Riparian Rights - govern the use of
flowing water, like river or stream
Littoral Rights - govern lakefront or seafront property
Characteristics of Real Estate - ANSWER - Indestructibility: land itself is
indestructable
-Fixity and Situs: Fixity is it's permanence, situs is desirability
-Economic Scarcity: land is most valuable when it is in short supply and in high
demand
Personal Property - ANSWER All property that is not real estate.
, Also referred to as personalty or chattel
Real Estate is transferred by a ______ - ANSWER Deed
Personal Property is transferred by a bill - ANSWER Bill of sale
Fixtures - ANSWER Personal property that can be turned into real estate by
making it permanent
Ex. Elevators, ceiling fans, light fixtures, etc
Trade fixtures - ANSWER personal property that is owned is owned by and needed
for a tenant's business
Frustus Naturales vs Fructus Industriales - ANSWER Fructus Naturals: Trees,
uncultivated plants
Fructus Industriales: annually cultivated crops (aka emblements). Considered
personal property
Common Law vs Statutory Law - ANSWER Common Law is handled in court
(derived from past decisions)
Statutory law is passed by state legislature
Federal Law supercedes state law
Who is in charge of enforcing TRELA (Texas Real Estate License Act) - ANSWER
TREC
EXAM QUESTIONS 2025 COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Real Estate = - ANSWER Land + Improvements
Real Property = - ANSWER Real Estate (land and improvements) + the bundle of
rights associated with owning the property (right of exclusion, possession,
disposition, quiet enjoyment)
Ownership Rights - ANSWER Surface rights
Subsurface rights
Air rights
Water rights
Riparian Rights vs Littoral Rights - ANSWER Riparian Rights - govern the use of
flowing water, like river or stream
Littoral Rights - govern lakefront or seafront property
Characteristics of Real Estate - ANSWER - Indestructibility: land itself is
indestructable
-Fixity and Situs: Fixity is it's permanence, situs is desirability
-Economic Scarcity: land is most valuable when it is in short supply and in high
demand
Personal Property - ANSWER All property that is not real estate.
, Also referred to as personalty or chattel
Real Estate is transferred by a ______ - ANSWER Deed
Personal Property is transferred by a bill - ANSWER Bill of sale
Fixtures - ANSWER Personal property that can be turned into real estate by
making it permanent
Ex. Elevators, ceiling fans, light fixtures, etc
Trade fixtures - ANSWER personal property that is owned is owned by and needed
for a tenant's business
Frustus Naturales vs Fructus Industriales - ANSWER Fructus Naturals: Trees,
uncultivated plants
Fructus Industriales: annually cultivated crops (aka emblements). Considered
personal property
Common Law vs Statutory Law - ANSWER Common Law is handled in court
(derived from past decisions)
Statutory law is passed by state legislature
Federal Law supercedes state law
Who is in charge of enforcing TRELA (Texas Real Estate License Act) - ANSWER
TREC
