Texas Real Estate Exam
(Final Exam)
2025/2026
Expert-Verified Questions and
Answers
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1. Real property all the legal rights, powers, and privileges of real
estate ownership. The rights of ownership are often
referred to as the bundle of rights.
2. Bundle of Rights 1.Possession, 2.Use, 3.Encumber, 4.Exclusion,
5.Transfer
3. Personal Property movable rather than being permanently attached to
real estate
4. Chattel personal property
5. Fixture An item of personal property that has been convert-
ed to real property by being permanently affixed to
the realty. Ex: cabinets, carpet, built-in shelves
6. Emblements crops or any type of seasonal/annual plantings that
are cultivated for profit. These are classified as per-
sonal property.
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7. Trade fixtures personal property that a business operator installs
as part of the business operations.
8. MARIA Method of Attachment, Adaptability, Relationship,
Intention, Agreement
9. severance turning the item into personal property
10. Economic Characteristics of Land scarcity, improvements, permanence of investment,
area preference
11. Scarcity There's a limited supply of real property, particularly
when considering a specific area.
12. Improvements
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