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Texas - Law of Contracts - Real Estate Exam Study Guide with Complete Solutions
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Texas - Law of Contracts - Real Estate Exam Study Guide with Complete Solutions A sewer system is NOT - Answer️️ -Included in the description of land Joint Tenancy - Answer️️ -If one tenant dies, the decedent's share of interest passes to surviving tenant(s). Manufactured Housing - Ans...

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  • September 16, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • texas law of contracts real estate exam study

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  • Texas Real estate
  • Texas Real estate

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©SOPHIABENNETT_2024/2025 EXAM SERIES Monday, September 2, 2024 9:52 AM



Texas - Law of Contracts - Real Estate Exam
Study Guide with Complete Solutions

A sewer system is NOT - Answer✔️✔️-Included in the description of land


Joint Tenancy - Answer✔️✔️-If one tenant dies, the decedent's share of interest passes

to surviving tenant(s).

Manufactured Housing - Answer✔️✔️-Considered Real Property in Texas if Owner

chooses to treat it as such.

Conveyance Deed - Answer✔️✔️-Transfers permanently fixed objects attached to a

home such as a permanently attached deck.

Abstract of Title - Answer✔️✔️-A summary of title search found in public records.

When a joint tenant passes away the deceased property transfers to - Answer✔️✔️-

Surviving joint tenant

Indestructibility is - Answer✔️✔️-A physical characteristic of land

Fee simple ownership, shared walls, and common areas are similar to - Answer✔️✔️-

Town-house ownership

A business organization may NOT - Answer✔️✔️-Own property as a tenancy by the

entirety

Police power is an example of a governmental power such as - Answer✔️✔️-a city

appointing its citizens to zoning and building boards to create codes and zoning

ordinances.



Page | 1

, ©SOPHIABENNETT_2024/2025 EXAM SERIES Monday, September 2, 2024 9:52 AM


Mortgage liens are - Answer✔️✔️-Voluntary liens

Mechanics' liens - Answer✔️✔️-are not voluntary liens.

Estates in real property are - Answer✔️✔️-Created by a deed and or a bill of sale

When real estate taxes are not paid on time a - Answer✔️✔️-Lien will be filed by the

taxing authority

Easement by Necessity - Answer✔️✔️-Jane and Bill divided their 60-acre property into

three 20-acre parcels (lots A, B, and C). A and C can only access the public road

through B. The buyers of A and C will probably be granted this by court action.

Accretion is land being acquired by - Answer✔️✔️-Deposits from a river and or stream

RESPA - Answer✔️✔️-Real Estate Settlement Procedures Act is a federal act and

applies to any residential real estate transaction involving a new first mortgage loan. It is

designed to ensure that the buyer and seller are both fully informed of all settlement

costs.

When an executory contract is in place and a zoning change takes place the -

Answer✔️✔️-Contract becomes void

A seller promised to sell and a buyer agrees to buy for a certain amount and out in

writing; this is called a - Answer✔️✔️-Bilateral contract

A breach of contract is NOT - Answer✔️✔️-When an agent who has a listing cannot

produce a ready, willing and able buyer

The Broker-Lawyer Committee - Answer✔️✔️-Drafts but does not publish/promulgate

forms.

A listing agreement is - Answer✔️✔️-An employment contract

Page | 2

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