TEXAS PRINCIPLES 1 | QUESTIONS & ANSWERS | ALREADY GRADED A+| VERIFIED & UPDATED| 2024

TEXAS PRINCIPLES 1 | QUESTIONS & ANSWERS | ALREADY GRADED A+| VERIFIED & UPDATED| 2024 i. How much is the largest fine for any single violation of the Fair Housing Act? $110,000 ii. What is a point? 1% of the loan amount iii. states what the title covers and does not cover? title commitment iv. policy that will insure against losses from title defects and against errors in title examination? title insurance v. Part / the percentage(%) = total vi. Areas of earth = 36 Sq. Miles ? townships vii. claimant can track the time they had possessed the property onto the time the prior claimant possessed the property? Tracking viii. attached to the property under a commercial lease? Trade fixture ix. has 9 Members (6 brokers, 3 public) appointed by governor. They serve 6 year staggered term ? Trec Commision Membership x. gross, necessity, prescription, and appurtenant are all...? types of easements xi. -mortgage, property tax lien, mechanics lien, judgement -can be voluntary or involuntary -are either specific or general? Types of liens xii. a promise in exchange for an act (option paragraph in a sales contract)? unilateral contrac