PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE EXAM 2025
UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.
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.
, PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE EXAM 2025
UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.
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.
UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.
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.
, PRINCIPLES OF REAL ESTATE 1- CHAMPIONS SCHOOL OF REAL ESTATE EXAM 2025
UPDATED ACTUAL EXAM WITH CORRECT SOLUTIONS.
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.
