Texas Real Estate Principles 1 Exam Questions with Correct Answers 100% Verified By
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title insurance policy that will insure against losses from title defects and against errors in
title examination
title commitment states what the title covers and does not cover
quiet title suit court holds hearings on ownership of propertyand any invalid claims or
disputes will be removed by the court
mortgagees title police lenders policy and loan policy
Texas Board of Insurance set insurance premiums based on the sale price of property and is
paid at closing of property
Alienation transfer of ownership of property
type of alientation voluntary and involuntary
Adverse Possession when one person takes possession of anothers land and holds that
possession for a long enough period of time tobe able to make it theirs and take ownership of it
Tracking claimant can track the time they had possessed the property onto the time the
prior claimant possessed the property
dedicaton gifted private property to the public (land to city that is to be used as a park)
testate person who dies leaving a will
, intestate person who dies without a will
devise real estate left in a will
probate court determines if the will meets the requirement of the law
administrator person who administers the wishes of a will assigned by the court in the event
the executor is not will to perform
holographic will handwritten will
codicil a written addition to a will the replaces or revokes what was written in that persons
previous will
All contracts expressed-writing or oral OR
implied-understanding
bilateral contract promised for a promise (real estate contract)
unilateral contract a promise in exchange for an act (option paragraph in a sales contract)
executor contract contract in the process of being performed
contracts are valid,
void (made for illegal purposes)
voidable (binding against one party but not the other)
Experts| Latest Update Guaranteed Success
title insurance policy that will insure against losses from title defects and against errors in
title examination
title commitment states what the title covers and does not cover
quiet title suit court holds hearings on ownership of propertyand any invalid claims or
disputes will be removed by the court
mortgagees title police lenders policy and loan policy
Texas Board of Insurance set insurance premiums based on the sale price of property and is
paid at closing of property
Alienation transfer of ownership of property
type of alientation voluntary and involuntary
Adverse Possession when one person takes possession of anothers land and holds that
possession for a long enough period of time tobe able to make it theirs and take ownership of it
Tracking claimant can track the time they had possessed the property onto the time the
prior claimant possessed the property
dedicaton gifted private property to the public (land to city that is to be used as a park)
testate person who dies leaving a will
, intestate person who dies without a will
devise real estate left in a will
probate court determines if the will meets the requirement of the law
administrator person who administers the wishes of a will assigned by the court in the event
the executor is not will to perform
holographic will handwritten will
codicil a written addition to a will the replaces or revokes what was written in that persons
previous will
All contracts expressed-writing or oral OR
implied-understanding
bilateral contract promised for a promise (real estate contract)
unilateral contract a promise in exchange for an act (option paragraph in a sales contract)
executor contract contract in the process of being performed
contracts are valid,
void (made for illegal purposes)
voidable (binding against one party but not the other)
