Texas Real Estate State Exam with Answers Graded A+
Real Property - ANSWER -land, moved - a person must go to the land
Improvements attached to the land, and the
rights to use them
indestructibility - ANSWER -durability - it will
always be there
Personal Property - ANSWER -right or
interest in things of a temporary or movable
nature chattel personalty. Ownership transferred Land 4 economic characteristics -
by a BILL OF SALE ANSWER -scarcity, modification, fixity, situs
Fixture - ANSWER -Personal Property scarcity - ANSWER -short supply where
attached in such a way to make it real property. demand is great example lot in Manhattan v. a lot
in upstate NY
Annexation - ANSWER -Process of
attaching personal property to real property modification - ANSWER -land use and
making it a fixture value are greatly influenced by improvements
made by man to land and to surrounding parcels
of land
Severed or Severance - ANSWER -Real
property being removed becoming personal
property fixity - ANSWER -land and buildings and
other improvements to land are consideration
fixed or permanent investments- they are not
Trade Fixtures - ANSWER -required to liquid assets
carry out a business example would be
commercial cooking equipment in a restaurant
Situs - ANSWER -location preference
location,location,location
Accesion - ANSWER -Acquiring trade
fixtures by non removal prior to termination of
lease Metes and Bounds - ANSWER -legal
description of land that always has a point of
beginning that is also the end. The oldest used in
Land 3 physical characteristics - 13 original colonies
ANSWER -nonhomogeneity, immobility,
indestructibility
Lot,Block, and Subdivision - ANSWER -
recorded map or plat, it is the most common
Nonhomogeneity - ANSWER -no to pieces description in residential listing agreements
are exactly alike
Monuments - ANSWER -permanent
immobility - ANSWER -land cannot be surveyors markers often starting point for metes
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, Texas Real Estate State Exam with Answers Graded A+
and bounds example Iron pipe, oak tree
General lein - ANSWER -attaches to all
property of the debtor example tax lien
Rectangular/ Government Survey -
ANSWER -takes into consideration base
lines, meridians, townships and Lein - ANSWER -created by recording a
sections.Townships and Sections are located in judgement
Ranges. Example S7T3R2 means Section 7
Townships 3 Range 2
writ of execution - ANSWER -party wins
and is unable to collect,he can secure a writ of
Township - ANSWER -36 Sections execution from the courts to enforce payment.
Section - ANSWER -640 Acres 1 square reservation - ANSWER -withholds title of
mile part of the land Ex. easement or mineral rights
Acre - ANSWER -43,560 square feet encroachment - ANSWER -structure or
improvements overlaps onto another's property
Plat - ANSWER -map of a town, section, or
subdivision easement - ANSWER -limited use or
enjoyment of another's land written or verbal or
implied
Plot - ANSWER -map or layout of
improvements on a property site. The property
site is also called a lot or parcel easements can be terminated - ANSWER -
merger of adjacent property, release, or
abandonment
Encumbrance - ANSWER -limitation on
your rights. It may also called cloud on a title.
Easement appurtenant - ANSWER -
Dominant estate uses driveway of servient estate
Voluntary lein - ANSWER -created by the to access their property
borrowers actions such as taking out a mortgage
Easement in Gross - ANSWER -belongs to
Involuntary lein - ANSWER -created by law a person or corporation example would be utility
ie. ad valorem tax lein easement
Specific lein - ANSWER -attaches to one or License - ANSWER -permission to do a
more specific properties ex mortgage particular act , go fishing or ticket to Football
game
2/9
Real Property - ANSWER -land, moved - a person must go to the land
Improvements attached to the land, and the
rights to use them
indestructibility - ANSWER -durability - it will
always be there
Personal Property - ANSWER -right or
interest in things of a temporary or movable
nature chattel personalty. Ownership transferred Land 4 economic characteristics -
by a BILL OF SALE ANSWER -scarcity, modification, fixity, situs
Fixture - ANSWER -Personal Property scarcity - ANSWER -short supply where
attached in such a way to make it real property. demand is great example lot in Manhattan v. a lot
in upstate NY
Annexation - ANSWER -Process of
attaching personal property to real property modification - ANSWER -land use and
making it a fixture value are greatly influenced by improvements
made by man to land and to surrounding parcels
of land
Severed or Severance - ANSWER -Real
property being removed becoming personal
property fixity - ANSWER -land and buildings and
other improvements to land are consideration
fixed or permanent investments- they are not
Trade Fixtures - ANSWER -required to liquid assets
carry out a business example would be
commercial cooking equipment in a restaurant
Situs - ANSWER -location preference
location,location,location
Accesion - ANSWER -Acquiring trade
fixtures by non removal prior to termination of
lease Metes and Bounds - ANSWER -legal
description of land that always has a point of
beginning that is also the end. The oldest used in
Land 3 physical characteristics - 13 original colonies
ANSWER -nonhomogeneity, immobility,
indestructibility
Lot,Block, and Subdivision - ANSWER -
recorded map or plat, it is the most common
Nonhomogeneity - ANSWER -no to pieces description in residential listing agreements
are exactly alike
Monuments - ANSWER -permanent
immobility - ANSWER -land cannot be surveyors markers often starting point for metes
1/9
, Texas Real Estate State Exam with Answers Graded A+
and bounds example Iron pipe, oak tree
General lein - ANSWER -attaches to all
property of the debtor example tax lien
Rectangular/ Government Survey -
ANSWER -takes into consideration base
lines, meridians, townships and Lein - ANSWER -created by recording a
sections.Townships and Sections are located in judgement
Ranges. Example S7T3R2 means Section 7
Townships 3 Range 2
writ of execution - ANSWER -party wins
and is unable to collect,he can secure a writ of
Township - ANSWER -36 Sections execution from the courts to enforce payment.
Section - ANSWER -640 Acres 1 square reservation - ANSWER -withholds title of
mile part of the land Ex. easement or mineral rights
Acre - ANSWER -43,560 square feet encroachment - ANSWER -structure or
improvements overlaps onto another's property
Plat - ANSWER -map of a town, section, or
subdivision easement - ANSWER -limited use or
enjoyment of another's land written or verbal or
implied
Plot - ANSWER -map or layout of
improvements on a property site. The property
site is also called a lot or parcel easements can be terminated - ANSWER -
merger of adjacent property, release, or
abandonment
Encumbrance - ANSWER -limitation on
your rights. It may also called cloud on a title.
Easement appurtenant - ANSWER -
Dominant estate uses driveway of servient estate
Voluntary lein - ANSWER -created by the to access their property
borrowers actions such as taking out a mortgage
Easement in Gross - ANSWER -belongs to
Involuntary lein - ANSWER -created by law a person or corporation example would be utility
ie. ad valorem tax lein easement
Specific lein - ANSWER -attaches to one or License - ANSWER -permission to do a
more specific properties ex mortgage particular act , go fishing or ticket to Football
game
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