{Champions; Texas} Real Estate Exam Prep Questions With 100% Verified Solutions

{Champions; Texas} Real Estate Exam Prep Questions With 100% Verified Solutions most common method of legal land description - ANSWER lot, block and subdivision method rectangular survey system - ANSWER legal land description method; uses base lines, meridians, townships and sections - located in ranges. Township (survey system) - ANSWER contains 36 sections (part of rectangular survey system) Section (survey system) - ANSWER contains 640 square acres (part of rectangular survey system) 640 acres - ANSWER 1 square mile 1 acre (in feet) - ANSWER 43,560 government survey system - ANSWER another name for rectangular survey system police power - ANSWER the power given to a municipality to regulate and control the character and use of property for the health, safety and general welfare of the public 1. encumbrance example of police power - ANSWER zoning non-conforming use - ANSWER sometimes is the result from a change in zoning. This is grandfathered without hearing or application process. If property is destroyed, non-conforming use comes to an end. non- conforming use can transfer with sale. variance - ANSWER may be requested if your property violates zoning., goes with the property when sold buffer zone - ANSWER area of land separating one land use from another. transitional use for example: single family, apartments, retain... apartments are the buffer zone. eminent domain - ANSWER the right of the government to take private property for public use through the action of condemnation. property owners must be compensated 2. encumbrance condemnation - ANSWER the right of the government taking private property for public use through eminent domain; utility easements can be taken by condemnation. (the action, day it happens) inverse condemnation - ANSWER when an individual forces the government to buy his or her property taxation - ANSWER property taxes are the highest priority lien on real property 3. encumbrance. ad valorem - ANSWER according to value escheat - ANSWER property reverts to the state when someone dies intestate and without heirs. can be used if property is abandoned. main purpose is to ensure that no land remains unowned.4. encumbrance. Not necessarily a single woman with no children as she may have siblings or parents CC&R - ANSWER deed covenants, conditions and restrictions most common private controls of land use - ANSWER CC&Rs Deed Restrictions/Deed Covenants - ANSWER terms commonly used for CC&Rs injunction - ANSWER court can issue this to enforce restrictions in case of violation deed restrictions - ANSWER imposed to control land use, development and methods and materials for construction; also style and appearance requirements declaration of restrictions - ANSWER document that contains deed restrictions reservation - ANSWER imposed by grantor, withholds title to a part of the land described in the deed (ex: easement or mineral rights) encroachment - ANSWER when a structure or improvement overlaps or trespasses to another's property. Must be disclosed. injured party has the right to demand the removal of the encroachment easement - ANSWER allows limited use or enjoyment of another's land. Should be created in writing and recorded - is a use without possession express - ANSWER written or verbal implied - ANSWER actions or evidence how can easements be created - ANSWER express or implied grant, agreement, reservation, limitation or prescription, necessity or condemnation easement appurtenant - ANSWER most common easement; used for entry and exit from a property. Goes with the land and the landowner owns the easement easement in gross - ANSWER belongs to a company or corporation. example: utility easement. No matter who owns the land, the utility company owns the easement license - ANSWER permission to do a particular act upon the land or property of another.