TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025
real property - (ANSWER)the tangible real estate and intangible rights associated with the ownership of
real estate
-transfers by deed or will
personal property - (ANSWER)a right or interest in things of a temporary or movable nature; anything
not classed as real property (chattel, personalty)
-transfers by a bill of state
fixture - (ANSWER)personal property that has been attached in such a way as to make it real property
-"installed" often indicates permanent attachment
-annexation: the process of attaching
-severed: real property becoming personal property
trade fixture - (ANSWER)objects affixed to leased property that are owned by and necessary for the
tenant's trade or business
-accession: acquiring property if trade fixtures are not removed prior to the termination of the lease
legal land description methods - (ANSWER)metes and bounds, the rectangular survey system, lot-block-
tract system, monuments
physical characteristics of land (DUI) - (ANSWER)-durability
-uniqueness
-immobility
economic characteristics of land (SAFE) - (ANSWER)-situs
-alteration
-fixity
-economic scarcity
,TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025
encumbrance - (ANSWER)any claim or liability attached to real property that may lessen the owner's
bundle of rights or the value of the property
-lien, claim, liability, judgment, encroachment, lease, easement, deed restriction, etc.
-release is the best way to get rid of it
lien - (ANSWER)a charge against property as security for a debt
voluntary lien - (ANSWER)when a person takes actions that places a lien on his or her own property
-example: taking out a mortgage or home improvement loan
involuntary lien - (ANSWER)property owner doesn't take any action to initiate them
-created by law
-can be statutory or equitable
-statutory: federal tax liens, ad valorem tax liens, judgement liens
-equitable: arise out of common law and include seller (vendor) or buyer (vendee) liens
encroachment - (ANSWER)a physical intrusion on someone else's property without direct permission
deed restrictions (CC&R's) - (ANSWER)sets limits on how the property may be used by the owner
(covenants, conditions, & restrictions)
-created by the grantor
easement - (ANSWER)a right to use part or all of another individual's land or property for a specific
purpose and length of time
estate - (ANSWER)an interest in real property
freehold estate - (ANSWER)the property owner has actual ownership and possession of the land, which
lasts for an unspecified period of time
, TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025
statutory estate - (ANSWER)created by law
-community property & homestead in Texas
forms of ownership - (ANSWER)-individual ownership
-co-ownership
-held in trust
types of co-ownership - (ANSWER)-tenancy in common
-joint tenancy
-community property
-partnerships
held in trust - (ANSWER)a property is held by one party for the benefit of another
police power - (ANSWER)power given to a municipality to regulate and control the character and use of
property for the health, safety and general welfare ofthe public
-most common example: zoning
eminent domain - (ANSWER)the power of the government to take private property from an owner at all
times
-condemnation: the process of taking private property
property taxes - (ANSWER)"ad valorem" taxes (according to value)
-unpaid taxes create automatic lien (highest priority) on the property
special assessment - (ANSWER)taxes levied on property to pay for public improvements
real property - (ANSWER)the tangible real estate and intangible rights associated with the ownership of
real estate
-transfers by deed or will
personal property - (ANSWER)a right or interest in things of a temporary or movable nature; anything
not classed as real property (chattel, personalty)
-transfers by a bill of state
fixture - (ANSWER)personal property that has been attached in such a way as to make it real property
-"installed" often indicates permanent attachment
-annexation: the process of attaching
-severed: real property becoming personal property
trade fixture - (ANSWER)objects affixed to leased property that are owned by and necessary for the
tenant's trade or business
-accession: acquiring property if trade fixtures are not removed prior to the termination of the lease
legal land description methods - (ANSWER)metes and bounds, the rectangular survey system, lot-block-
tract system, monuments
physical characteristics of land (DUI) - (ANSWER)-durability
-uniqueness
-immobility
economic characteristics of land (SAFE) - (ANSWER)-situs
-alteration
-fixity
-economic scarcity
,TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025
encumbrance - (ANSWER)any claim or liability attached to real property that may lessen the owner's
bundle of rights or the value of the property
-lien, claim, liability, judgment, encroachment, lease, easement, deed restriction, etc.
-release is the best way to get rid of it
lien - (ANSWER)a charge against property as security for a debt
voluntary lien - (ANSWER)when a person takes actions that places a lien on his or her own property
-example: taking out a mortgage or home improvement loan
involuntary lien - (ANSWER)property owner doesn't take any action to initiate them
-created by law
-can be statutory or equitable
-statutory: federal tax liens, ad valorem tax liens, judgement liens
-equitable: arise out of common law and include seller (vendor) or buyer (vendee) liens
encroachment - (ANSWER)a physical intrusion on someone else's property without direct permission
deed restrictions (CC&R's) - (ANSWER)sets limits on how the property may be used by the owner
(covenants, conditions, & restrictions)
-created by the grantor
easement - (ANSWER)a right to use part or all of another individual's land or property for a specific
purpose and length of time
estate - (ANSWER)an interest in real property
freehold estate - (ANSWER)the property owner has actual ownership and possession of the land, which
lasts for an unspecified period of time
, TEXAS REAL ESTATE NATIONAL EXAM QUESTIONS AND ANSWERS 2025
statutory estate - (ANSWER)created by law
-community property & homestead in Texas
forms of ownership - (ANSWER)-individual ownership
-co-ownership
-held in trust
types of co-ownership - (ANSWER)-tenancy in common
-joint tenancy
-community property
-partnerships
held in trust - (ANSWER)a property is held by one party for the benefit of another
police power - (ANSWER)power given to a municipality to regulate and control the character and use of
property for the health, safety and general welfare ofthe public
-most common example: zoning
eminent domain - (ANSWER)the power of the government to take private property from an owner at all
times
-condemnation: the process of taking private property
property taxes - (ANSWER)"ad valorem" taxes (according to value)
-unpaid taxes create automatic lien (highest priority) on the property
special assessment - (ANSWER)taxes levied on property to pay for public improvements
