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Texas Principles of Real Estate 2 - Chapter 8 Questions with actual answers.
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Texas Principles of Real Estate 2 - Chapter 8 Questions with actual answers.
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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.
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