texas real estate practice exam.pdf file:///C:/Users/HP/Desktop/New%20fl/texas%20real%20estate%20pr
Texas Real Estate Practice Exam
Questions & Answers
1. A farmer temporarily installs produce coolers in a leased farm stand in orderto prevent
spoilage.The coolers would be considered which of the following?
a) Trade fixtures that are real property.
b) Trade fixtures that are personal property.
c) Temporary real property.
d) Emblements.
Answer b) Trade fixtures that are personal property.
2. Property can be converted from real to personal property and from personalproperty to
real property by means of which processes respectively?
a) Assemblage and plottage.
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b) Application and dissolution.
c) Severance and affixing.
d) Planting and harvesting.
Answer c) Severance and affixing.
3. The highest form of ownership interest one can acquire in real estate is the
a) legal life estate.
b) Conventional life estate.
c) Defeasible fee simple estate.
d) Absolute fee simple estate.
Answer d) Absolute fee simple estate.
4. The distinguishing feature of a defeasible fee simple estate is that
a) It could be passed onto heirs.
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b) It has no restrictions on use.
c) The estate may revert to a grantor or heirs if the prescribed use changes.
d) It is of unlimited duration.
Answer c) The estate may revert to a grantor or heirs if theprescribed use changes.
5. Maria acquires a property from her uncle Alfonso.When Maria dies theestate will
pass to Alfonso's other niece Serena.The type of
estate that Maria has in the property is
a) conventional life estate.
b) Legal life estate.
c) Fee simple defeasible estate.
d) Tenancy by the entirety's.
Answer a) conventional life estate.
6. One difference between a cooperative estate and a condominium estate isthat
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a) a condominium owner owns a unit of air space whereas the co-op owner
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