Exam (elaborations)
122 Principles Of Texas Real Estate II – Q’s And A’s
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122 Principles Of Texas Real Estate II – Q’s And A’s
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122 Principles Of Texas Real Estate II – Q’s And A’s1. Written documents affecting title to real estate are recorded:
A. Where the titleholder resides
B. Where the titleholder has legal residence
C. At the county clerk's office where the property is located
D. At any county clerk's office in Texas Right Ans - C. At the county clerk's
office where the property is located
A person appointed by a court to settle the estate of a deceased person when
the executor cannot
perform or refuses to perform is:
A. Another executor
B. A legatee
C. An administrator
D. A devisee Right Ans - C. An administrator
What is an abstract of title?
A. Title insurance
B. A history of all recorded activity affecting a parcel of real estate
C. A judgment on real property
D. A patent Right Ans - B. A history of all recorded activity affecting a parcel
Property managers have a _______________ relationship with the property owner.
A. Partnership
B. Subagency
C. Binding
D. Fiduciary Right Ans - D. Fiduciary
A chain of title shows the linkage of property ownership that connects the
present owner to the
original source of title. In most cases it starts with:
A. Ownership from 1955
B. Chattel
C. A suit in a federal court
D. The original grant of the land from the government to a private citizen
Right Ans - D. The original grant of the land from the government to a private
citizen
, A handwritten will signed by the testator but not witnessed is known as a(n):
A. Nuncupative will
B. Holographic will
C. Oral will
D. Formal will Right Ans - B. Holographic will
A voluntary gift of private land to the public is known as:
A. Alienation
B. A dedication
C. Reliction
D. Annexation Right Ans - B. A dedication
The general warranty deed contains:
A. The covenant of seisin
B. The covenant against encumbrances
C. Both A and B
D. Neither A or B Right Ans - C. Both A and B
In order to convey title to real property, a deed must be signed by the:
A. Grantee
B. Grantor
C. Agent
D. Buyer Right Ans - B. Grantor
Sam has moved onto a property owned by Fred. Sam is not leasing the
property. If Sam holds
possession of the property for a long period of time, he will own the property
through:
A. Adverse possession
B. Eminent domain
C. Foreclosure
D. Erosion Right Ans - A. Adverse possession
The Act passed in 1968 to protect the consumer from land scams is the:
A. Buyers Land Protection Act
B. Interstate Land Sales Full Disclosure Act (ILSFDA or ILSA)
C. Federal Land and Housing Act
D. Texas Public Ownership Right Ans - B. Interstate Land Sales Full
Disclosure Act (ILSFDA or ILSA)
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