Texas Law of Contracts - UNIT 2 - Basics of Real Estate Law Questions & Answers Latest Solution.pdf

Texas Law of Contracts - UNIT 2 - Basics of Real Estate Law Questions & Answers Latest Solution




Texas Law of Contracts - UNIT 2 - Basics of Real
Estate Law Questions & Answers Latest
Solution


Title, as it relates to real property, means - ANSWER ✔ - ownership of the land, including the owner's
bundle of legal rights and evidence of that ownership, by a deed.



Which of the following is not a form of co-ownership? - ANSWER ✔ - Ownership in severalty



Air and solar rights are regulated by - ANSWER ✔ - State and local laws and ordinances



One of the rights in the bundle of legal rights is the right of - ANSWER ✔ - exclusion.



Which of the following is considered an improvement? - ANSWER ✔ - Sewer



An ownership interest that is based on annual occupancy intervals is a - ANSWER ✔ - time-share



If property is owned by two or more owners as joint tenants, the interest of the deceased co-owners will
be passed to the - ANSWER ✔ - surviving owner or owners.



Which act requires that a licensed or certified appraiser perform any appraisal used in connection with a
federally related transaction of $250,000 and above? - ANSWER ✔ - Financial Institutions Reform,
Recovery, and Enforcement Act (FIRREA)



Trade fixtures are usually installed by - ANSWER ✔ - the tenant of the property