Texas Pre-License - Real Estate Finance:
Level 7 Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Jenny has the right to cross her neighbor's property in order to access the boat ramp, but the right ends
if she sells her property to another person. What kind of easement does Jenny have?
-easement in gross
-easement appurtenant
-floating easement
-dominant estate - CORRECT ANSWER easement in gross
*An easement in gross is an easement that specifically applies to the person or entity (not the specific
land).*
What is an encumbrance?
-anything that suppresses the value of a property
-any claim on a property belonging to someone other than the owner
-an owner's right to use their property
-the document that proves an owner has the right to a property - CORRECT ANSWER any
claim on a property belonging to someone other than the owner
Which of these are examples of voluntary liens?
All of these:
-an individual giving their iPad to the pawn shop in exchange for a loan
-a homeowner taking out a second mortgage to remodel their kitchen
-a homebuyer taking out a mortgage to purchase a home - CORRECT ANSWER a roofer filing
a lien against a property owner after the owner fails to pay their bill
Which of these is NOT an example of a statutory lien?
-voluntary lien
-voluntary lien - CORRECT ANSWER
, Cliff has not paid for the new heater he had put into his property. The contractor can put a(n) ______
against his property. - CORRECT ANSWER lien
Which of these constitutes actual notice? - CORRECT ANSWER
an easement that gives someone the right to use someone else's land for a specific purpose -
CORRECT ANSWER affirmative easement
the party that is gaining access to the servient estate's land in an easement - CORRECT ANSWER
dominant estate
an interest in, or a right to use, another individual's land or property, generally for a specific, limited
purpose - CORRECT ANSWER easement
an easement that applies to the land regardless of the owner - CORRECT ANSWER easement
appurtenant
an easement that applies to the person or entity, not the specific land - CORRECT ANSWER
easement in gross
physical property that crosses the boundary into a neighboring landowner's property - CORRECT
ANSWER encroachment
a non-possessory interest in a property that burdens the title - CORRECT ANSWER
encumbrance
an easement created by a written agreement between two or more parties - CORRECT ANSWER
express easement
an easement that does not have a clearly marked, fixed location to which access is granted -
CORRECT ANSWER floating easement
Level 7 Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Jenny has the right to cross her neighbor's property in order to access the boat ramp, but the right ends
if she sells her property to another person. What kind of easement does Jenny have?
-easement in gross
-easement appurtenant
-floating easement
-dominant estate - CORRECT ANSWER easement in gross
*An easement in gross is an easement that specifically applies to the person or entity (not the specific
land).*
What is an encumbrance?
-anything that suppresses the value of a property
-any claim on a property belonging to someone other than the owner
-an owner's right to use their property
-the document that proves an owner has the right to a property - CORRECT ANSWER any
claim on a property belonging to someone other than the owner
Which of these are examples of voluntary liens?
All of these:
-an individual giving their iPad to the pawn shop in exchange for a loan
-a homeowner taking out a second mortgage to remodel their kitchen
-a homebuyer taking out a mortgage to purchase a home - CORRECT ANSWER a roofer filing
a lien against a property owner after the owner fails to pay their bill
Which of these is NOT an example of a statutory lien?
-voluntary lien
-voluntary lien - CORRECT ANSWER
, Cliff has not paid for the new heater he had put into his property. The contractor can put a(n) ______
against his property. - CORRECT ANSWER lien
Which of these constitutes actual notice? - CORRECT ANSWER
an easement that gives someone the right to use someone else's land for a specific purpose -
CORRECT ANSWER affirmative easement
the party that is gaining access to the servient estate's land in an easement - CORRECT ANSWER
dominant estate
an interest in, or a right to use, another individual's land or property, generally for a specific, limited
purpose - CORRECT ANSWER easement
an easement that applies to the land regardless of the owner - CORRECT ANSWER easement
appurtenant
an easement that applies to the person or entity, not the specific land - CORRECT ANSWER
easement in gross
physical property that crosses the boundary into a neighboring landowner's property - CORRECT
ANSWER encroachment
a non-possessory interest in a property that burdens the title - CORRECT ANSWER
encumbrance
an easement created by a written agreement between two or more parties - CORRECT ANSWER
express easement
an easement that does not have a clearly marked, fixed location to which access is granted -
CORRECT ANSWER floating easement
