Texas Real Estate Principles 1 Questions And Answers With Verified Updates
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Course
Texas Real Estate Principles 1
Institution
Texas Real Estate Principles 1
conditions upon which a joint tenancy can be made - there must be unity in time, title, interest
and possession
time-acquire ownership at the same time
tile-acquire title from same source
interest-equal interest in property
possession-all owners have right to possess property
An appeal can be...
Texas Real Estate Principles 1
conditions upon which a joint tenancy can be made - there must be unity in time, title, interest
and possession
time-acquire ownership at the same time
tile-acquire title from same source
interest-equal interest in property
possession-all owners have right to possess property
An appeal can be made on a decision by the commission - it must be taken to the district court in
the county where the administrative hearing was held
Adverse Possession - when one person takes possession of anothers land and holds that
possession for a long enough period of time tobe able to make it theirs and take ownership of it
A certificate is required seperate of the license when - buying, selling or leasing an easement
pertaining to telecommunicaton, utility, railroad or pipeline services.
A commission may suspend or revoke a license for - acting negligently or incompetently,
comingling money and soliciting or selling offers for the sale of real estate by means of a lottery
a person holding a power of attorney - Attorney in Fact
abstract title - condensed history of all docs that have been recorded affecting the title of the
property
Accretion - land is increased in size because of natural deposit of rock and soil usually caused by
water movement
actual notice of anothers interest in property - what heard, seen and read
, ADA Americans with Disabilities Act - enacted in 1992 deals with commercial property only
administrator - person who administers the wishes of a will assigned by the court in the event the
executor is not will to perform
Alienation - transfer of ownership of property
All contracts - expressed-writing or oral OR
implied-understanding
all documents concerning real estate - must be recorded at county clerks office in the county
where the property is located
Alluvion - the land that has been created by Accretion.
Appurtenances - right or privilidge to land that goes with the land when ownership changes such
as parking lot spaces, easements, right or ways
Avulsion - suddent removal of land by water
bilateral contract - promised for a promise (real estate contract)
breached - when one party fails to perform the duties of the contract-they can be asked by judge
to partially perform or substatially perform
Bundle of Rights or Bundle of Sticks - the many rights the Fee Simple gives to owners of property-
bundles or sticks can be removed but the owner still owns the Fee Simple
chain of title - everyone who has ever owned that property
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