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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS

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TEXAS PRINCIPLES 1 EXAM PRACTICE QUESTIONS WITH ANSWERS

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TEXAS PRINCIPLES 1 EXAM PRACTICE
QUESTIONS WITH ANSWERS - CHAMPIONS
SCHOOL OF REAL ESTATE.VERIFIED

Civil Rights Acts of 1866 - ANSWER Prohibits only and all racial discrimination

Steering - ANSWER Directing Home Seekers to particular neighborhoods based on
the the fair housing protected classes

Blockbusting - ANSWER Real estate agents creating fear in a neighborhood in order
to induce the owner of the houses to sell the properties at a loss to the agents

Equal Credit Opportunity Act of 1974 - ANSWER Prohibits discrimination based on
race color, etc. and receipt of income from a public assistance program.

Real Property/ Real Estate - ANSWER Land, improvements and the rights to own
them

Improvements - ANSWER Anything put on the land with the intent of improving the
land.

Chattel - ANSWER Personal Property

Appurtenances - ANSWER Right or privilege attached to land that goes with the land
when ownership of the land changes.

Fixture - ANSWER Something that was personal property and has now become real
estate because it has been attached to the land.

Three tests of a fixture - ANSWER A) Method of annexation B)Fitness or adaptation
to the property C) Intention of the parties

Trade Fixture - ANSWER Something that is attached to a property under a
commercial lease.

Fixity or Permanence of Investment - ANSWER The fact that improvements to the
land will take a long time to pay for them.

Metes and Bounds - ANSWER Uses distance and directions to define and describe
the shape and boundaries of the property.

Datum - ANSWER Used to mark elevation

Rectangular Survey System - ANSWER Uses latitude, longitude, standard and
baselines to divide earth into areas

, Townships - ANSWER Areas of earth = 36 Sq. Miles

Unit - ANSWER 1 sq. mile or 640 acres

Acre - ANSWER 43,560

Recorded Plat - ANSWER When land is divided into plots

Informal Reference - ANSWER not a legal description.

Riparian Rights - ANSWER The right to use water in a river or stream

Littoral Rights - ANSWER Rights a landowner has to use and enjoy the water that
touches his land but he may not alter the course of the water

Surface water - ANSWER Publicly owned and governed by the state of Texas.

Rule of Capture - ANSWER A landowner with a well is allowed to pump water from
under his property.

Open Beach Act - ANSWER The public has the free and unrestricted right to use the
open beach.

Accretion - ANSWER Land is increased in size because of hte natural deposit of
rock and soil

Alluvion - ANSWER Land that has been created by accretion

Reliction - ANSWER The dry land that results when water withdraws from the land.

Avulsion - ANSWER Sudden removal of land by water

Erosion - ANSWER Gradual wearing away of land or rock by water

Allodial System - ANSWER Ownership of real property that is independent of
superior landlord.

PETE - ANSWER Police power, eminent domain, taxation and Escheat

Police Power - ANSWER Right the state government has to enforce order and to
protect the general welfare, health, safety and morals of the public

Enabling Acts - ANSWER State rights are passed to the counties through this
legislation

Zoning - ANSWER Separate the use of property

Eminent Domain - ANSWER Right the government has to take privately owned
property for public use

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