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Real Estate Exam Prep (Champions; Texas) *Q&A* (100% Correct) 2025/2026 |VERIFIED| $9.65
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Real Estate Exam Prep (Champions; Texas) *Q&A* (100% Correct) 2025/2026 |VERIFIED|

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Real Estate Exam Prep (Champions; Texas) *Q&A* (100% Correct) 2025/2026 |VERIFIED| What term refers to the permission granted to someone to perform a specific act on another person's property? License What term describes the legal process by which a property may be acquired by someone...

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  • December 8, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • real estate exam prep champions texas qa 1

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  • Real Estate
  • Real Estate

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Real Estate Exam Prep (Champions; Texas)
*Q&A* (100% Correct) 2025/2026
|VERIFIED|
What term refers to the permission granted to someone to perform a specific act on another person's
property?

License



What term describes the legal process by which a property may be acquired by someone who is not the
rightful owner, through continuous occupation without the owner's consent for a set period?

Adverse Possession



What recorded notice signals that a lawsuit is pending against a particular property, and may affect any
future ownership?

Lis Pendens



Which term refers to property ownership held by a single individual or entity?

Ownership by One



When two or more people own property together, without rights of survivorship, what type of
ownership is it called?

Tenancy in Common



Which type of joint property ownership grants rights of survivorship, meaning the surviving owner(s)
inherit the deceased owner's share?

Joint Tenancy



What term describes a specific type of joint tenancy in which the co-owners are married, and it has the
benefit of avoiding probate?

Tenancy by the Entirety

1

, What type of ownership involves one individual or entity possessing the property, and it can be either a
person or a business such as a corporation or partnership?

Estate in Severalty



What is the most common form of joint property ownership where the estate can be inherited, but
without rights of survivorship?

Tenancy in Common



Which type of tenancy allows a property to be passed down to heirs and is the most typical form of joint
ownership?

Tenancy in Common



In which type of property ownership can two or more people have unequal shares, and does not include
rights of survivorship?

Tenancy in Common



What term describes the property type in which title passes to heirs during probate and there is no right
of survivorship?

Tenancy in Common



Which tenancy type is often referred to as the “poor man's will” due to its right of survivorship?

Joint Tenancy



What term describes the unity of time, title, interest, and possession, all of which are required for this
type of ownership?

Joint Tenancy



What type of property ownership avoids probate and automatically passes title to the surviving co-
owners upon death?

Joint Tenancy

2

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