Texas Real Estate License Exam Prep 2024-2025 (eBook)

Master the Test with 1000+ Practice Answers and Explanations, Essential Concepts, and State-Specific Laws

Bouvier Carlos Daley (Autor)

eBook Download: EPUB

2024 | 1. Auflage
300 Seiten
Jstone Publishing (Verlag)
978-0-00-064615-6 (ISBN)

Infos

Are you preparing to pass the Texas Real Estate License Exam and launch a successful career in real estate? Texas Real Estate License Exam Prep is your comprehensive guide to mastering the principles, laws, and practices that you'll need to ace the exam and excel in the field.

This book provides a deep dive into crucial topics, including property ownership, land use regulations, valuation, financing, and the Texas Real Estate License Act. You'll also explore practical knowledge on contracts, agency relationships, and the latest Texas-specific rules from the Texas Real Estate Commission (TREC). With 1000 practice questions, detailed explanations, and expert tips, this guide is designed to boost your confidence and ensure exam success.

Whether you're just starting out or fine-tuning your knowledge, this exam prep offers clear explanations, a step-by-step study plan, and practice exams that mirror the real test format. It's packed with insights to help you master complex concepts, avoid common mistakes, and feel fully prepared on exam day.

Features Include:

1000 practice questions with detailed explanations

Full-length practice exams that simulate the real Texas Real Estate License Exam

Easy-to-follow review sections on essential real estate topics

Up-to-date information on Texas real estate laws, financing options, and environmental regulations

Study tips to maximize retention and efficiency

Textauszug

1. Which type of estate provides the highest form of ownership with the greatest bundle of rights? a) Life estate b) Leasehold estate c) Fee simple estate d) Estate for years
2. In Texas, property acquired during marriage is typically considered: a) Sole ownership b) Joint tenancy c) Community property d) Tenancy in common
3. Which of the following is NOT typically included in the "bundle of rights" associated with property ownership? a) Right to possess b) Right to control c) Right to tax d) Right to dispose
4. A quitclaim deed: a) Offers the greatest protection to the buyer b) Conveys only the grantor's interest in the property, if any c) Warrants against all claims arising under the grantor d) Is not recognized in Texas
5. How long must someone openly occupy a property in Texas to claim ownership through adverse possession if they have color of title? a) 3 years b) 5 years c) 10 years d) 25 years
6. Which of the following is a characteristic of a joint tenancy? a) Right of survivorship b) Unequal ownership shares c) Created by a will d) Typical form of ownership for corporations
7. In Texas, mineral rights: a) Always belong to the surface property owner b) Can be severed from surface rights c) Cannot be leased separately from the land d) Are always owned by the state
8. Which type of deed offers the greatest protection to the buyer in Texas? a) Quitclaim deed b) Special warranty deed c) General warranty deed d) Grant deed
9. An easement appurtenant: a) Is personal to an individual b) Runs with the land c) Must be recorded to be valid d) Can be terminated at will by the property owner
10. In Texas, community property is generally: a) Owned equally by both spouses b) Owned solely by the husband c) Divided 60/40 between spouses d) Considered separate property
11. Which of the following is an example of a freehold estate? a) Estate for years b) Periodic tenancy c) Life estate d) Tenancy at will
12. The right to use someone else's land for a specific purpose is called: a) An encroachment b) An easement c) A license d) A lien
13. In Texas, separate property includes: a) All property acquired during marriage b) Property owned before marriage c) Income from community property d) All gifts received by either spouse
14. Which of the following is NOT a way to terminate an easement? a) Abandonment b) Merger c) Necessity d) Expiration
15. A life estate: a) Lasts for a specified number of years b) Ends upon the death of the life tenant c) Can be inherited by the life tenant's heirs d) Is the same as a fee simple estate
16. The doctrine of prior appropriation in Texas primarily applies to: a) Mineral rights b) Water rights c) Air rights d) Subsurface rights
17. Which of the following is TRUE about a tenancy in common? a) It includes the right of survivorship b) All tenants must own equal shares c) Each tenant can sell their interest without the others' consent d) It can only be created by a written agreement
18. A property encumbrance that requires the payment of money is called: a) An easement b) A lien c) An encroachment d) A covenant
19. In Texas, the conveyance of property to a married person is presumed to be: a) The separate property of the grantee b) Community property c) Joint tenancy between spouses d) Tenancy in common between spouses
20. Which of the following is NOT a requirement for adverse possession in Texas? a) Open and notorious possession b) Continuous possession for the statutory period c) Payment of property taxes d) Hostile possession
21. The right to install utility lines across someone else's property is an example of: a) An easement in gross b) A prescriptive easement c) An implied easement d) An easement by necessity
22. In Texas, which document is used to release a lien on a property? a) Deed of trust b) Release of lien c) Quitclaim deed d) Warranty deed
23. The principle of "first in time, first in right" applies to: a) Recording deeds b) Adverse possession claims c) Water rights in Texas d) Homestead exemptions
24. A covenant that "runs with the land" means it: a) Is recorded in the deed b) Binds subsequent owners of the property c) Can never be changed d) Applies only to the original owner
25. Which of the following is TRUE about Texas homestead rights? a) They apply only to rural properties b) They protect property from forced sale by certain creditors c) They can be waived easily by the homeowner d) They apply to an unlimited amount of acreage
26. The term "color of title" in adverse possession refers to: a) The color of the property's exterior b) A deed that appears valid but is actually defective c) A court order granting possession d) The adverse possessor's open use of the property
27. In Texas, which of the following is considered separate property? a) Income from separate property b) Property acquired by gift during marriage c) Property purchased with community funds d) Salary earned during marriage
28. A restriction on the use of property that is created in a deed is called: a) Zoning ordinance b) Deed restriction c) Easement d) Lien
29. The right of an owner to use their property as they wish, as long as it doesn't interfere with the rights of others, is known as: a) Bundle of rights b) Police power c) Eminent domain d) Riparian rights
30. Which of the following is NOT a characteristic of a fee simple estate? a) It's the highest form of ownership b) It can be inherited c) It has a specified duration d) It includes all the bundle of rights
31. In Texas, a bona fide purchaser is someone who: a) Buys property with notice of existing claims b) Buys property in good faith, for value, and without notice of existing claims c) Purchases property through a foreclosure sale d) Acquires property through adverse possession
32. The doctrine of escheat in Texas means that: a) Property reverts to the state if the owner dies without heirs b) Property must be used for a specific purpose c) Property ownership is restricted to citizens d) Property taxes are waived for certain individuals
33. Which of the following is TRUE about riparian rights in Texas? a) They apply to all property owners in the state b) They give the right to use water from a watercourse that touches the property c) They can be bought and sold separately from the land d) They are determined by prior appropriation
34. A cloud on title refers to: a) A type of property insurance b) A potential claim or encumbrance that may affect the title to a property c) A method of transferring ownership d) A type of easement
35. In Texas, which of the following is TRUE about community property? a) It's always divided equally upon divorce b) It includes all property acquired before marriage c) It's presumed to be owned equally by both spouses d) It can never include real estate
36. The right to exclude others from your property is part of: a) Adverse possession b) Easement by necessity c) Bundle of rights d) Eminent domain
37. Which of the following is NOT a way to acquire title to real property in Texas? a) Deed b) Will c) Adverse possession d) Verbal agreement
38. A life estate pur autre vie is: a) An estate that lasts for the life of the grantor b) An estate that lasts for the life of someone other than the grantee c) An estate that lasts for a specified number of years d) An estate that can be inherited
39. In Texas, which of the following is TRUE about separate property? a) It's always divided equally upon divorce b) It includes gifts received during marriage c) It becomes community property after 10 years of marriage d) It includes all property acquired during marriage
40. The doctrine of accretion refers to: a) The gradual addition of land by natural forces b) The sudden change in a property's boundaries due to natural forces c) The right to use water from a river or stream d) The right to extract minerals from the land
41. Which of the following is NOT a type of concurrent ownership? a) Tenancy in common b) Joint tenancy c) Tenancy at will d) Community property
42. In Texas, adverse possession for a 10-year period requires: a) Payment of property taxes b) A written agreement with the original owner c) Continuous cultivation or use of the land d) Approval from the local government
43. The term "fee simple determinable" means: a) The ownership lasts for a specified period b) The ownership may end upon the occurrence of a specified event c) The ownership cannot be transferred d) The ownership is shared between multiple parties
44. Which of the following is TRUE about air rights in Texas? a) They extend indefinitely above the property b) They can never be sold separately from the land c) They are limited to a reasonable height for the property's use d) They are always owned by the federal government
45. A reversionary interest in property means: a) The property reverts to the state upon the owner's death b) The grantor has the right to retake the property upon the occurrence of a specified event c) The property must be returned to its original condition d) The property can only be sold back to the original owner
46. In Texas, which of the following is TRUE about homestead protection? a) It applies only to properties in urban areas b) It protects against forced sale for all types of debts c) It limits the amount of equity that can be borrowed against the home d) It automatically expires after 20 years
47. The term "littoral rights" refers to: a) The right to use water from a river or stream b) The right to access and use a lake or ocean c) The right to extract minerals from the land d) The right to farm on the property
48. Which of the following is NOT a requirement for a valid deed in Texas? a)...

Produkt-Details

• Erscheint lt. Verlag: 4.10.2024
• Sprache: englisch
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• ISBN-10: 0-00-064615-6 / 0000646156
• ISBN-13: 978-0-00-064615-6 / 9780000646156