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Texas Principles of Real Estate 1 - Chapter 2 questions & correct answers.
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Texas Principles of Real Estate 1 - Chapter 2 questions & correct answers.

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  • September 13, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • texas principles of real estate 1 chapter 2 ques

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  • Texas Principles of Real Estate 1
  • Texas Principles of Real Estate 1

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Texas Principles of Real Estate 1 -
Chapter 2 questions & correct answers.
Subsurface rights ANS -Rights that include ownership of oil, gas and other minerals are:



Surface and air ANS -Rights that are conveyed in a cell tower lease include:



Improvement ANS -Any man-mad addition to the land that is permanent is known as a(n):



Personal ANS -Things that are of a temporary or moveable nature are known as _______________
property.



Modular Homes ANS -Factory built housing that is built to local building codes include:



Land ANS -The surface of the earth extending downward to the center of the earth and upward above
the surface to infinity. Includes natural things such as trees, crops and water.



Real estate ANS -Includes all the encompassed in land, with the addition of all man-made additions to
the land (improvements) such as roads, houses and commercial buildings.



Real property ANS -Goes beyond the physical real estate and includes the "bundle of rights."



Executive right ANS -The power to lease the minerals



Surface Waiver ANS -Could be used if there is no present lease in place and the seller owns the Mineral
Estate.



Designated Drill Sites ANS -May be used if there is no lease in place at the time of the sale to the buyer

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