TEXAS REAL ESTATE EXAMINATION TEST 2025/2026
QUESTIONS AND SOLUTIONS GRADED A+
✔✔Appointed Licensee - ✔✔A licensee associated with and appointed by an
intermediary broker to communicate with, carry out instructions of, and provide opinions
and advice to the parties to whom the licensee is appointed.
✔✔Appraisal - ✔✔An estimate of the quantity, quality or value of something.
✔✔Appraisal Review Board - ✔✔A group of people who hear appeals concerning
assessed valuations for tax purpose and recommended or deny changes in values
shown of record.
✔✔Appraised Value - ✔✔An estimate of the present worth of a property.
✔✔Appreciation - ✔✔An increase in the worth or value of a property due to economic or
related causes, which may prove to be either temporary or permanent opposite of
depreciation.
✔✔Appurtenances - ✔✔Those rights, privileges and improvements that belong to and
pass with the transfer of real property but are not necessarily a part of the property,
such as rights of way, ease-ments, water rights and property improvements.
✔✔Area - ✔✔The size of a two dimensional figure such as a triangle or rectangle.
✔✔Assemblage - ✔✔The combining of two or more adjoining lots into one large tract to
increase their total value.
✔✔Assessed Value - ✔✔The value set upon property for taxation purposes.
✔✔Assessment - ✔✔The imposition of a tax, charge or levy, usually according to
established rates.
✔✔Assessment Roll - ✔✔The public record of the assessed values of all lands and
buildings within a specific area.
✔✔Assignment - ✔✔The transfer in writing of interest in a bond, mortgage, lease or
other instrument.
✔✔Assumption Of Mortgage - ✔✔Acquiring title of property on which there is an
existing mortgage and agreeing to be personally liable for the terms and conditions of
the terms and conditions of the mortgage, including payments contracts with subject to
mortgage.
, ✔✔Attachment - ✔✔the act of talking a persons property into legal custody by writ or
other judicial order to hold it available for application to that persons debt to a creditor.
✔✔Attorney Opinion Of Title - ✔✔A writing based on the lawyers reading of an abstract
of title defects and names the legal titleholders as the lawyers interprets it states
whether a seller may convey a good title.
✔✔Automatic Extension - ✔✔A clause in a listing agreement that states that the
agreement will continue automatically for a certain period of time after its expiration date
illegal in Texas
✔✔Avulsion - ✔✔The sudden tearing away of land, as by earthquake, flood volcanic
action or the sudden change in the fully amortized.
✔✔Balloon Payment - ✔✔A final payment of a mortgage loan that is considerably large
than the required periodic payments because the loan amount was not fully amortized.
✔✔Bargain And Sale Deed - ✔✔A do warranties that carries with it no warranties
against liens or other encumbrances but that does imply that the grantor has the right to
convey title. The grantor may add warranties to the deed at his or hers descriptions.
✔✔Base Line - ✔✔On of a set of imaginary lines running east and west and crossing a
principal meridian at a definite point, used by surveyors for reference in locating and
describing land under the rectangular survey system property description.
✔✔Basis - ✔✔The financial interest that Internal Revenue Service attributes to an
owner of an investment property for the purpose of determining annual depreciation and
gain or loss on the sale of the asset.
✔✔Benchmark - ✔✔A permanent reference mark or point establish for use by surveyors
in measuring differences in elevations.
✔✔Beneficiary - ✔✔A lender who lends money on real estate and takes back a note
and trust deed from the borrower.
✔✔Bequest - ✔✔The transfer of personal property to a legatee in accordance with a
will.
✔✔Bilateral Contract - ✔✔A contract of sale between buyer and seller. Both parties
have duties to perform.
✔✔Bill Of Sale - ✔✔A written instrument given to pass title to personal property.
QUESTIONS AND SOLUTIONS GRADED A+
✔✔Appointed Licensee - ✔✔A licensee associated with and appointed by an
intermediary broker to communicate with, carry out instructions of, and provide opinions
and advice to the parties to whom the licensee is appointed.
✔✔Appraisal - ✔✔An estimate of the quantity, quality or value of something.
✔✔Appraisal Review Board - ✔✔A group of people who hear appeals concerning
assessed valuations for tax purpose and recommended or deny changes in values
shown of record.
✔✔Appraised Value - ✔✔An estimate of the present worth of a property.
✔✔Appreciation - ✔✔An increase in the worth or value of a property due to economic or
related causes, which may prove to be either temporary or permanent opposite of
depreciation.
✔✔Appurtenances - ✔✔Those rights, privileges and improvements that belong to and
pass with the transfer of real property but are not necessarily a part of the property,
such as rights of way, ease-ments, water rights and property improvements.
✔✔Area - ✔✔The size of a two dimensional figure such as a triangle or rectangle.
✔✔Assemblage - ✔✔The combining of two or more adjoining lots into one large tract to
increase their total value.
✔✔Assessed Value - ✔✔The value set upon property for taxation purposes.
✔✔Assessment - ✔✔The imposition of a tax, charge or levy, usually according to
established rates.
✔✔Assessment Roll - ✔✔The public record of the assessed values of all lands and
buildings within a specific area.
✔✔Assignment - ✔✔The transfer in writing of interest in a bond, mortgage, lease or
other instrument.
✔✔Assumption Of Mortgage - ✔✔Acquiring title of property on which there is an
existing mortgage and agreeing to be personally liable for the terms and conditions of
the terms and conditions of the mortgage, including payments contracts with subject to
mortgage.
, ✔✔Attachment - ✔✔the act of talking a persons property into legal custody by writ or
other judicial order to hold it available for application to that persons debt to a creditor.
✔✔Attorney Opinion Of Title - ✔✔A writing based on the lawyers reading of an abstract
of title defects and names the legal titleholders as the lawyers interprets it states
whether a seller may convey a good title.
✔✔Automatic Extension - ✔✔A clause in a listing agreement that states that the
agreement will continue automatically for a certain period of time after its expiration date
illegal in Texas
✔✔Avulsion - ✔✔The sudden tearing away of land, as by earthquake, flood volcanic
action or the sudden change in the fully amortized.
✔✔Balloon Payment - ✔✔A final payment of a mortgage loan that is considerably large
than the required periodic payments because the loan amount was not fully amortized.
✔✔Bargain And Sale Deed - ✔✔A do warranties that carries with it no warranties
against liens or other encumbrances but that does imply that the grantor has the right to
convey title. The grantor may add warranties to the deed at his or hers descriptions.
✔✔Base Line - ✔✔On of a set of imaginary lines running east and west and crossing a
principal meridian at a definite point, used by surveyors for reference in locating and
describing land under the rectangular survey system property description.
✔✔Basis - ✔✔The financial interest that Internal Revenue Service attributes to an
owner of an investment property for the purpose of determining annual depreciation and
gain or loss on the sale of the asset.
✔✔Benchmark - ✔✔A permanent reference mark or point establish for use by surveyors
in measuring differences in elevations.
✔✔Beneficiary - ✔✔A lender who lends money on real estate and takes back a note
and trust deed from the borrower.
✔✔Bequest - ✔✔The transfer of personal property to a legatee in accordance with a
will.
✔✔Bilateral Contract - ✔✔A contract of sale between buyer and seller. Both parties
have duties to perform.
✔✔Bill Of Sale - ✔✔A written instrument given to pass title to personal property.
