Exam (elaborations)
Texas Real Estate Principles II: Questions And Solutions (100% Accurate)
- Course
- Institution
Texas Real Estate Principles II: Questions And Solutions (100% Accurate)
[Show more]
Content preview
Texas Real Estate Principles II: Questions AndSolutions (100% Accurate)
Written documents affecting a title to real estate are recorded:
A. where the titleholder resides
B. where the titleholder has legal residence
C. at the county clerk's office where the property is located
D. at any county clerk's office in Texas Right Ans - C
A person appointed by a court to settle the estate of a deceased person when
the executor cannot perform or refuses to perform is:
A. another executor
B. a legatee
C. an administrator
D. a devisee Right Ans - C
What is an abstract of title?
A. title insurance
B. a history of all recorded activity affecting a parcel of real estate
C. a judgment on real property
D. a patent Right Ans - B
A title insurance policy in favor of the mortgagee will insure the:
A. owner
B. buyer - Answer given
C. buyer and seller
D. lender Right Ans - NOT B
A chain of title shows the linkage of property ownership that connects the
present owner to the original source of title. In most cases it starts with:
A. ownership from 1955
B. chattel
C. a suit in federal court
D. the original grant of the land from the government to a private citizen
Right Ans - D
A handwritten will signed by the testator but not witnessed is known as a(n):
A. nuncupative will
, B. holographic will
C. oral will
D. formal will Right Ans - B
A voluntary gift of private land to the public is known as:
A. alienantion
B. dedication
C. reliction
D. annexation Right Ans - B
The General Warranty Deed contains:
A. the covenant of seisin
B. the covenant against encumbrances
C. both A and B
D. neither A or B Right Ans - C
In order to convey title to real property, a deed must be signed by the:
A. grantee
B. grantor
C. agent
D. buyer Right Ans - B
Sam has moved onto a property owned by Fred. Sam is not leasing the
property. If Sam holds possession of the property for a long period of time, he
will own the property thru adverse possession.
A. True
B. False Right Ans - A
The act passed in 1968 to protect the consumer from land scams is the:
A. Buyers Land Protection Act
B. Interstate Land Sales Full Disclosure Act (ILSFDA or LISA)
C. Federal Land and Housing Act
D. Texas Public Ownership Right Ans - B
The trustee in a deed of trust:
A. writes the contract for the buyer.
B. shows the property to the buyer
C. forecloses on the property in the event of default.
D. collects the monthly payments. Right Ans - C
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 LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
