NATIONAL REAL ESTATE PEARSON VUE
BOOK EXAM SCRIPT 2026 TESTED
QUESTIONS AND ANSWERS GRADED A+
⩥ personal property. Answer: a right or interest in things of a temporary
or movable nature; anything not classed as real property (chattel,
personalty)
-transfers by a bill of state
⩥ fixture. Answer: personal property that has been attached in such a
way as to make it real property
-"installed" often indicates permanent attachment
-annexation: the process of attaching
-severed: real property becoming personal property
⩥ trade fixture. Answer: objects affixed to leased property that are
owned by and necessary for the tenant's trade or business
-accession: acquiring property if trade fixtures are not removed prior to
the termination of the lease
⩥ legal land description methods. Answer: metes and bounds, the
rectangular survey system, lot-block-tract system, monuments
,⩥ physical characteristics of land (DUI). Answer: -durability
-uniqueness
-immobility
⩥ economic characteristics of land (SAFE). Answer: -situs
-alteration
-fixity
-economic scarcity
⩥ encumbrance. Answer: any claim or liability attached to real property
that may lessen the owner's bundle of rights or the value of the property
-lien, claim, liability, judgment, encroachment, lease, easement, deed
restriction, etc.
-release is the best way to get rid of it
⩥ lien. Answer: a charge against property as security for a debt
⩥ voluntary lien. Answer: when a person takes actions that places a lien
on his or her own property
-example: taking out a mortgage or home improvement loan
⩥ involuntary lien. Answer: property owner doesn't take any action to
initiate them
,-created by law
-can be statutory or equitable
-statutory: federal tax liens, ad valorem tax liens, judgement liens
-equitable: arise out of common law and include seller (vendor) or buyer
(vendee) liens
⩥ encroachment. Answer: a physical intrusion on someone else's
property without direct permission
⩥ deed restrictions (CC&R's). Answer: sets limits on how the property
may be used by the owner (covenants, conditions, & restrictions)
-created by the grantor
⩥ easement. Answer: a right to use part or all of another individual's
land or property for a specific purpose and length of time
⩥ estate. Answer: an interest in real property
⩥ freehold estate. Answer: the property owner has actual ownership and
possession of the land, which lasts for an unspecified period of time
⩥ statutory estate. Answer: created by law
-community property & homestead in Texas
, ⩥ forms of ownership. Answer: -individual ownership
-co-ownership
-held in trust
⩥ types of co-ownership. Answer: -tenancy in common
-joint tenancy
-community property
-partnerships
⩥ held in trust. Answer: a property is held by one party for the benefit of
another
⩥ police power. Answer: power given to a municipality to regulate and
control the character and use of property for the health, safety and
general welfare ofthe public
-most common example: zoning
⩥ eminent domain. Answer: the power of the government to take private
property from an owner at all times
-condemnation: the process of taking private property
⩥ property taxes. Answer: "ad valorem" taxes (according to value)
BOOK EXAM SCRIPT 2026 TESTED
QUESTIONS AND ANSWERS GRADED A+
⩥ personal property. Answer: a right or interest in things of a temporary
or movable nature; anything not classed as real property (chattel,
personalty)
-transfers by a bill of state
⩥ fixture. Answer: personal property that has been attached in such a
way as to make it real property
-"installed" often indicates permanent attachment
-annexation: the process of attaching
-severed: real property becoming personal property
⩥ trade fixture. Answer: objects affixed to leased property that are
owned by and necessary for the tenant's trade or business
-accession: acquiring property if trade fixtures are not removed prior to
the termination of the lease
⩥ legal land description methods. Answer: metes and bounds, the
rectangular survey system, lot-block-tract system, monuments
,⩥ physical characteristics of land (DUI). Answer: -durability
-uniqueness
-immobility
⩥ economic characteristics of land (SAFE). Answer: -situs
-alteration
-fixity
-economic scarcity
⩥ encumbrance. Answer: any claim or liability attached to real property
that may lessen the owner's bundle of rights or the value of the property
-lien, claim, liability, judgment, encroachment, lease, easement, deed
restriction, etc.
-release is the best way to get rid of it
⩥ lien. Answer: a charge against property as security for a debt
⩥ voluntary lien. Answer: when a person takes actions that places a lien
on his or her own property
-example: taking out a mortgage or home improvement loan
⩥ involuntary lien. Answer: property owner doesn't take any action to
initiate them
,-created by law
-can be statutory or equitable
-statutory: federal tax liens, ad valorem tax liens, judgement liens
-equitable: arise out of common law and include seller (vendor) or buyer
(vendee) liens
⩥ encroachment. Answer: a physical intrusion on someone else's
property without direct permission
⩥ deed restrictions (CC&R's). Answer: sets limits on how the property
may be used by the owner (covenants, conditions, & restrictions)
-created by the grantor
⩥ easement. Answer: a right to use part or all of another individual's
land or property for a specific purpose and length of time
⩥ estate. Answer: an interest in real property
⩥ freehold estate. Answer: the property owner has actual ownership and
possession of the land, which lasts for an unspecified period of time
⩥ statutory estate. Answer: created by law
-community property & homestead in Texas
, ⩥ forms of ownership. Answer: -individual ownership
-co-ownership
-held in trust
⩥ types of co-ownership. Answer: -tenancy in common
-joint tenancy
-community property
-partnerships
⩥ held in trust. Answer: a property is held by one party for the benefit of
another
⩥ police power. Answer: power given to a municipality to regulate and
control the character and use of property for the health, safety and
general welfare ofthe public
-most common example: zoning
⩥ eminent domain. Answer: the power of the government to take private
property from an owner at all times
-condemnation: the process of taking private property
⩥ property taxes. Answer: "ad valorem" taxes (according to value)
