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Texas principles of Real Estate II Exam Questions With Correct Answers

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Texas principles of Real Estate II Exam Questions With Correct Answers

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Texas principles of Real Estate II Exam
Questions With Correct Answers

What is a Legal Title? - correct answer(s) ✔✔ Someone who possesses all ownership interests
owns the property.



What is an Equitable Title? - correct answer(s) ✔✔ The interest or right to obtain legal title to
a property in accordance with a sale or mortgage contract between the legal owner and a
buyer or creditor.



What is it called when a title is transferred to a new owner? - correct answer(s) ✔✔ alienation



What is a Voluntary Alienation? - correct answer(s) ✔✔ is an unforced transfer of title by sale
or gift from an owner to another party.



What is a Conveyance? - correct answer(s) ✔✔ When the transfer uses a written document
the transfer



What is a Deed? - correct answer(s) ✔✔ is a legal instrument used by an owner to transfer
title to real estate voluntarily to another party.



What elements do most deeds have? - correct answer(s) ✔✔ Grantor



Grantee



Act of conveyance

, Consideration



Legal description



Habendum clause



Designation of limitations



Exemptions and reservations affecting the title



Signature of the grantor



Delivery and acceptance of the deed



Acknowledgment



Recording



What is a grantor? - correct answer(s) ✔✔ is the person who transfers the title to real
property



What is a Special Warranty Deed? - correct answer(s) ✔✔ The grantor warrants only against
title defects or encumbrances not noted on the deed that may have occurred during the
grantor's period of ownership or trusteeship.

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