Texas Real Estate State Exam Study Guide.
Real Property - answerland, Improvements attached to the land, and the rights to use them
Personal Property - answerright or interest in things of a temporary or movable nature chattel
personalty. Ownership transferred by a BILL OF SALE
Fixture - answer...
Metes and Bounds - answer✔✔legal description of land that always has a point of beginning that
is also the end. The oldest used in 13 original colonies
Lot,Block, and Subdivision - answer✔✔recorded map or plat, it is the most common description
in residential listing agreements
Monuments - answer✔✔permanent surveyors markers often starting point for metes and bounds
example Iron pipe, oak tree
Rectangular/ Government Survey - answer✔✔takes into consideration base lines, meridians,
townships and sections.Townships and Sections are located in Ranges. Example S7T3R2 means
Section 7 Townships 3 Range 2
Township - answer✔✔36 Sections
Section - answer✔✔640 Acres 1 square mile
Acre - answer✔✔43,560 square feet
Plat - answer✔✔map of a town, section, or subdivision
Plot - answer✔✔map or layout of improvements on a property site. The property site is also
called a lot or parcel
Encumbrance - answer✔✔limitation on your rights. It may also called cloud on a title.
Voluntary lein - answer✔✔created by the borrowers actions such as taking out a mortgage
Involuntary lein - answer✔✔created by law ie. ad valorem tax lein
Specific lein - answer✔✔attaches to one or more specific properties ex mortgage
General lein - answer✔✔attaches to all property of the debtor example tax lien
Lein - answer✔✔created by recording a judgement
writ of execution - answer✔✔party wins and is unable to collect,he can secure a writ of
execution from the courts to enforce payment.
reservation - answer✔✔withholds title of part of the land Ex. easement or mineral rights
encroachment - answer✔✔structure or improvements overlaps onto another's property
easement - answer✔✔limited use or enjoyment of another's land written or verbal or implied
easements can be terminated - answer✔✔merger of adjacent property, release, or abandonment
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 Brightstars. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
