Exam (elaborations)
Texas Principles of Real Estate 2 - Chapter 8 Questions with actual answers.
- Course
- Institution
Texas Principles of Real Estate 2 - Chapter 8 Questions with actual answers.
[Show more]
Seller
Follow
Content preview
Texas Principles of Real Estate 2 -Chapter 8 Questions with actual
answers.
Hereditament ANS -Any property, whether real or personal, that is capable of being inherited.
Intestate ANS -An individual who dies without leaving a valid will.
Adverse possession ANS -This occurs when an individual acquires title from the rightful owner through
hostile, actual, continuous occupation of the land for the statutory period.
Beneficiary ANS -One who receives property through a will.
Legacy ANS -Money that is inherited.
Title ANS -The evidence an individual has of his or her right to possess of land.
Abstract plant ANS -Database of county records
Deed ANS -A document that conveys an interest in real estate from one party to another.
Sovereignty of the soil ANS -The government is the original owner of all land.
Treaty of annexation ANS -Texas is unique among the states because it retained its public lands
according to the ______________ of the Republican of Texas by the United States Government.
Patent ANS -Transfers ownership from the government to an individual, and looks much like a deed.
, Abstract of title ANS -A complete history of the title of a piece of property that includes deeds,
easement, liens, foreclosures, wills, marriages, deaths, life estates, fee simple estimates, and anything
else that may have ever been recorded about a property.
Attorney's opinion of title ANS -An opinion regarding the state of the title and its ability to be
transferred.
Chain of title ANS -The history or list of all recorded owners all the way back to the sovereignty of the
soil.
Cloud on the title ANS -A break in the chain of title.
General warranty deed ANS -The best way to ensure that the grantor has good, marketable title.
Title insurance ANS -An insurance policy that protects the insured against a loss resulting from defects
of title to a specifically described parcel of real property.
Title commitment ANS -A statement of the condition of title at a moment of time.
Voluntary alienation ANS -A transfer of title that is a free act of the grantor.
Involuntary alienation ANS -A transfer of ownership against the will of the owner.
Alienation ANS -Any change in the ownership of real property
Foreclosure ANS -The process by which a lender exercises its power of sale under a mortgage that is in
default.
Eminent domain ANS -The right of the government to acquire property to satisfy a public purpose.
Condemnation ANS -The process by which the government exercises its right of eminent domain.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now