TEXAS REAL ESTATE STATE EXAM QUESTIONS
WITH ACCURATE ANSWERS
Real Property - Accurate answers land, Improvements attached to the land, and the rights
to use them
Personal Property - Accurate answers right or interest in things of a temporary or movable
nature chattel personalty. Ownership transferred by a BILL OF SALE
Fixture - Accurate answers Personal Property attached in such a way to make it real
property.
Annexation - Accurate answers Process of attaching personal property to real property
making it a fixture
Severed or Severance - Accurate answers Real property being removed becoming
personal property
Trade Fixtures - Accurate answers required to carry out a business example would be
commercial cooking equipment in a restaurant
Accesion - Accurate answers Acquiring trade fixtures by non removal prior to termination
of lease
Land 3 physical characteristics - Accurate answers nonhomogeneity, immobility,
indestructibility
Nonhomogeneity - Accurate answers no to pieces are exactly alike
immobility - Accurate answers land cannot be moved - a person must go to the land
indestructibility - Accurate answers durability - it will always be there
Land 4 economic characteristics - Accurate answers scarcity, modification, fixity, situs
scarcity - Accurate answers short supply where demand is great example lot in Manhattan
v. a lot in upstate NY
modification - Accurate answers land use and value are greatly influenced by
improvements made by man to land and to surrounding parcels of land
, fixity - Accurate answers land and buildings and other improvements to land are
consideration fixed or permanent investments- they are not liquid assets
Situs - Accurate answers location preference location,location,location
Metes and Bounds - Accurate answers legal description of land that always has a point of
beginning that is also the end. The oldest used in 13 original colonies
Lot,Block, and Subdivision - Accurate answers recorded map or plat, it is the most
common description in residential listing agreements
Monuments - Accurate answers permanent surveyors markers often starting point for
metes and bounds example Iron pipe, oak tree
Rectangular/ Government Survey - Accurate answers takes into consideration base lines,
meridians, townships and sections.Townships and Sections are located in Ranges. Example
S7T3R2 means Section 7 Townships 3 Range 2
Township - Accurate answers 36 Sections
Section - Accurate answers 640 Acres 1 square mile
Acre - Accurate answers 43,560 square feet
Plat - Accurate answers map of a town, section, or subdivision
Plot - Accurate answers map or layout of improvements on a property site. The property
site is also called a lot or parcel
Encumbrance - Accurate answers limitation on your rights. It may also called cloud on a
title.
Voluntary lein - Accurate answers created by the borrowers actions such as taking out a
mortgage
Involuntary lein - Accurate answers created by law ie. ad valorem tax lein
Specific lein - Accurate answers attaches to one or more specific properties ex mortgage
General lein - Accurate answers attaches to all property of the debtor example tax lien
Lein - Accurate answers created by recording a judgement
WITH ACCURATE ANSWERS
Real Property - Accurate answers land, Improvements attached to the land, and the rights
to use them
Personal Property - Accurate answers right or interest in things of a temporary or movable
nature chattel personalty. Ownership transferred by a BILL OF SALE
Fixture - Accurate answers Personal Property attached in such a way to make it real
property.
Annexation - Accurate answers Process of attaching personal property to real property
making it a fixture
Severed or Severance - Accurate answers Real property being removed becoming
personal property
Trade Fixtures - Accurate answers required to carry out a business example would be
commercial cooking equipment in a restaurant
Accesion - Accurate answers Acquiring trade fixtures by non removal prior to termination
of lease
Land 3 physical characteristics - Accurate answers nonhomogeneity, immobility,
indestructibility
Nonhomogeneity - Accurate answers no to pieces are exactly alike
immobility - Accurate answers land cannot be moved - a person must go to the land
indestructibility - Accurate answers durability - it will always be there
Land 4 economic characteristics - Accurate answers scarcity, modification, fixity, situs
scarcity - Accurate answers short supply where demand is great example lot in Manhattan
v. a lot in upstate NY
modification - Accurate answers land use and value are greatly influenced by
improvements made by man to land and to surrounding parcels of land
, fixity - Accurate answers land and buildings and other improvements to land are
consideration fixed or permanent investments- they are not liquid assets
Situs - Accurate answers location preference location,location,location
Metes and Bounds - Accurate answers legal description of land that always has a point of
beginning that is also the end. The oldest used in 13 original colonies
Lot,Block, and Subdivision - Accurate answers recorded map or plat, it is the most
common description in residential listing agreements
Monuments - Accurate answers permanent surveyors markers often starting point for
metes and bounds example Iron pipe, oak tree
Rectangular/ Government Survey - Accurate answers takes into consideration base lines,
meridians, townships and sections.Townships and Sections are located in Ranges. Example
S7T3R2 means Section 7 Townships 3 Range 2
Township - Accurate answers 36 Sections
Section - Accurate answers 640 Acres 1 square mile
Acre - Accurate answers 43,560 square feet
Plat - Accurate answers map of a town, section, or subdivision
Plot - Accurate answers map or layout of improvements on a property site. The property
site is also called a lot or parcel
Encumbrance - Accurate answers limitation on your rights. It may also called cloud on a
title.
Voluntary lein - Accurate answers created by the borrowers actions such as taking out a
mortgage
Involuntary lein - Accurate answers created by law ie. ad valorem tax lein
Specific lein - Accurate answers attaches to one or more specific properties ex mortgage
General lein - Accurate answers attaches to all property of the debtor example tax lien
Lein - Accurate answers created by recording a judgement
