Texas Principles Of Real Estate II Final Exam: Questions

Texas Principles Of Real Estate II Final Exam: Questions

& Answers: Latest Updated 2023

Written documents affecting a title to real estate are recorded:

• where the titleholder resides
• where the titleholder has legal residence
• at the county clerk's office where the property is located
• at any county clerk's office in Texas - Correct Answer C

A person appointed by a court to settle the estate of a deceased person when the

executor cannot perform or refuses to perform is:

• another executor
• a legatee
• an administrator
• a devisee - Correct Answer C

What is an abstract of title?

• title insurance
• a history of all recorded activity affecting a parcel of real estate
• a judgment on real property
• a patent - Correct Answer B

A title insurance policy in favor of the mortgagee will insure the:

• owner
• buyer - Answer given
• buyer and seller
• lender - Correct Answer NOT B

A chain of title shows the linkage of property ownership that connects the present owner

to the original source of title. In most cases it starts with:

• ownership from 1955
• chattel
• a suit in federal court
• the original grant of the land from the government to a private citizen - Correct

Answer D

A handwritten will signed by the testator but not witnessed is known as a(n):

• nuncupative will
• holographic will
• oral will
• formal will - Correct Answer B

A voluntary gift of private land to the public is known as:

• alienantion
• dedication
• reliction 1 / 2

• annexation - Correct Answer B

The General Warranty Deed contains:

• the covenant of seisin
• the covenant against encumbrances
• both A and B
• neither A or B - Correct Answer C

In order to convey title to real property, a deed must be signed by the:

• grantee
• grantor
• agent
• buyer - Correct Answer B

Sam has moved onto a property owned by Fred. Sam is not leasing the property. If Sam holds possession of the property for a long period of time, he will own the property thru adverse possession.

• True
• False - Correct Answer A

The act passed in 1968 to protect the consumer from land scams is the:

• Buyers Land Protection Act
• Interstate Land Sales Full Disclosure Act (ILSFDA or LISA)
• Federal Land and Housing Act
• Texas Public Ownership - Correct Answer B

The trustee in a deed of trust:

• writes the contract for the buyer.
• shows the property to the buyer
• forecloses on the property in the event of default.
• collects the monthly payments. - Correct Answer C

Removing the original borrower's name from the note and substituting the new buyers

name is called:

• novation
• substitute
• covenants
• subdividing - Correct Answer A

The right to redeem the property before a mortgage foreclosure sale is called:

• equitable redemption
• buyer redemption
• statutory redemption
• never used in Texas - Correct Answer A

The right to redeem the property after a tax foreclosure sale is called:

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