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Texas Real Estate State Exam (State Exam Prep Material) Expert Verified Actual Questions & Answers for Guaranteed Pass | Newest Update, .

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Terms in this set (163) Real Property land, Improvements attached to the land, and the rights to use them Nonhomogeneity no to pieces are exactly alike immobility land cannot be moved - a person must go to the land indestructibility durability - it will always be there Land 4 economic characteristics scarcity, modification, fixity, situs scarcity short supply where demand is great example lot in Manhattan v. a lot in upstate NY modification land use and value are greatly influenced by improvements made by man to land and to surrounding parcels of land fixity land and buildings and other improvements to land are consideration fixed or permanent investmentsthey are not liquid assets

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Institution
Texas Real Estate State
Course
Texas Real Estate State

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Texas Real Estate State Exam (State Exam Prep
Material) Expert Verified Actual Questions &
Answers for Guaranteed Pass | Newest Update,
2025-2026.


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land, Improvements attached to the land, and the rights to use them



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1 Estate 2 fixity




Real Property 4 Plot



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Terms in this set (163)
Real Property land, Improvements attached to the land, and the rights to
use them

, Nonhomogeneity no to pieces are exactly alike

immobility land cannot be moved - a person must go to the land

indestructibility durability - it will always be there

Land 4 economic scarcity, modification, fixity, situs
characteristics

scarcity short supply where demand is great example lot in
Manhattan v. a lot in upstate NY

modification land use and value are greatly influenced by improvements
made by man to land and to surrounding parcels of land



fixity land and buildings and other improvements to land are
consideration fixed or permanent investmentsthey are not
liquid assets


Situs location preference location,location,location


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


Lot,Block, and Subdivision recorded map or plat, it is the most common description in
residential listing agreements

Monuments permanent surveyors markers often starting point for metes and
bounds example Iron pipe, oak tree

Rectangular/ Government takes into consideration base lines, meridians, townships
Survey and sections.Townships and Sections are located in
Ranges. Example S7T3R2 means Section 7
Townships 3 Range 2

Township 36 Sections

Section 640 Acres 1 square mile

Acre 43,560 square feet

Plat map of a town, section, or subdivision

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Institution
Texas Real Estate State
Course
Texas Real Estate State

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