100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Texas Real Estate Exam Prep (Champions; Texas) (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score $12.99   Add to cart

Exam (elaborations)

Texas Real Estate Exam Prep (Champions; Texas) (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

 0 view  0 purchase
  • Course
  • Texas Real estate
  • Institution
  • Texas Real Estate

Texas Real Estate Exam Prep (Champions; Texas) (2024 / 2025) Questions with Verified Answers, 100% Guarantee Pass Score

Preview 3 out of 20  pages

  • October 9, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Texas Real estate
  • Texas Real estate
avatar-seller
BESTGOODIES
Real Estate Exam Prep (Champions; Texas).pdf file:///C:/Users/HP/Desktop/New%20fl/Real%20Estate%20Exam%2




Real Estate Exam Prep (Champions; Texas)



1. appurtenance: term used to describe rights, privileges or improvements that belong to

and pass with the land

2. improvements: man's additions to the land such as building and landscaping

3. personal property: also called chattel or personalty; a right or interest in smiting of a

temporary or movable nature and includes anything not classed as real property. Real property

becomes personal property through severance.

4. bill of sale: ownership of chattel or personalty is transferred via this, also called a non-realty

item addendum

5. fixture: item that was personal property but has been attached in such a way that it has

become real property such at tv brackets

6. installed: often indicates a permanent attachment

7. annexation: the process of attaching an item of personal property to real estate such that it

becomes a fixture

8. severance: the process of real property becoming personal. Fixture is uninstalled and becomes

1/




1 of 20 10/8/2024, 8:33

,Real Estate Exam Prep (Champions; Texas).pdf file:///C:/Users/HP/Desktop/New%20fl/Real%20Estate%20Exam%2




personal property again

9. trade fixtures: term used for fixtures in commercial transactions. installed by a tenant to

carry out a business and may be removed prior to the termination of the lease. If they are not

removed they become real property and pass to the landlord

10. emblements: crops that are cultivated annually. Considered the personal prop- erty of the

farmer who cultivated them. Ownership can be transferred with a bill or sale, or farmer may

make arrangements to return to the property and harvest them one time.

11. physical characteristics of real property: non homogeneity-no two exactly alike;

immobility- cannot be moves; indestructibility-will always be there

12. economic characteristics of real property: scarcity-naturally desirable; mod- ification-

change or improve; fixity-not liquid assets; situs-prestige location.

13. nonhomogeneity: one of three physical characteristics of land; no two pieces are exactly

alike

14. immobility: one of three physical characteristics of land; land cannot be moved

15. indestructibility: one of three physical characteristics of land; land is durable and will

always be there

16. scarcity: one of four economic characteristics of land; land is in short supply where

demand is great (geographic considerations)
2/




2 of 20 10/8/2024, 8:33

,Real Estate Exam Prep (Champions; Texas).pdf file:///C:/Users/HP/Desktop/New%20fl/Real%20Estate%20Exam%2




17. modification: one of four economic characteristics of land; land use and value are greatly

influenced by improvements made by man to land and to surrounding parcels of land

18. fixity: one of four economic characteristics of land; land and buildings and other

improvements to land are considered fixed or permanent investments (not liquid)




3/




3 of 20 10/8/2024, 8:33

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79064 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart