QUESTION 1

1.A landlord must repair all conditions upon a tenant's request.

True

False

QUESTION 2

1.A lease that has a definite termination date is:

An estate for years

An estate from period to period

An estate at will

None of the above

QUESTION 3

1.A month to month lease that is renewable by either party is:

An estate for years

An estate from period to period

An estate at sufference

None of the above

QUESTION 4

1.APR stands for Annual Property Rate.

True

False

QUESTION 5

1.Actual authority can stem from express or implied authority.

True

False

QUESTION 6

1.Ad valorem means "according to value."

True

False

QUESTION 7

1.Alex goes to Sears to purchase a washer and dryer.Alex does not have the cash so he takes out a line of credit with Sears to make $50 payments for 10months.If Alex stops paying after months, Sears can repossessthe washer and dryer.This is because Sears has a ____________ in the washer and dryer.

Title

Security interest

QUESTION 8

1.An easement in gross benefits another tract of land.

True

False

QUESTION 9

1.Corporate real estate is controlled by statute.

True

False

QUESTION 10

1.Dual Agencies are not allowed in Texas.

True

False

QUESTION 11

1.For adverse possession actions,Texas has 2, 4 and 10yearstatute of limitations.

True

False

QUESTION 12

1.General liens attach to a specific parcel of real estate.

True

False

QUESTION 13

1.Hannah and Will are siblings.Hannah owns Farmland A.Hannah conveys Farmland A to her Mother for the life of Will.What type of estate did Hannah convey?

Life estate

Life estate pur autrevie

Fee simple

None of the above

QUESTION 14

1.If the Broker has the right to sell and if the property owner sells it on his own, then the property owner must pay the broker a commission.What type of agreement is this?

Multiple Listing

Net Listing

Exclusive Right to Sell

Open Agency Listing

QUESTION 15

1.In Texas, there is no right of redemption unless it is specifically granted to the borrower in the note.

True

False

QUESTION 16

1.In Texas, unless instruments are recorded, they are void as to all suchsubsequent purchasers and creditors.

True

False

QUESTION 17

1.In eviction proceedings,the lessor must give the lessee a minimum of 5days' written notice.

and a tenant contract otherwise in a written or an oral lease

True

False

QUESTION 18

1.Judges decide issues of fact and juries decide issues of law.

True

False

QUESTION 19

1.Long-Term Assets are held for more than one year.

True

False

QUESTION 20

1.Margo lives on a Yacht in the Caribbean.Margo owes a creditor $100,000 and the creditor wants to force the sale of her yacht in order to collect the monies owed.Margo claims she is exempt under the Texas Homestead Law.Will Margo prevail?

No,a yacht does not constitute real property.

Yes, as the yacht is her homestead.

QUESTION 21

1.Mary and Bob have lived together for 7 years.They introduce themselves as boyfriend and girlfriend.They keep separate bank accounts.Are they married under common law?

Yes, because they have lived together for more than 5 years.

Yes, because they have lived together for 7 years.

No, because there is no agreement and they do not hold each other out to the public as husband and wife.

QUESTION 22

1.Mediation and Arbitration are both forms of Alternative Dispute Resolution.Which one is binding?

Arbitration

Mediation

QUESTION 23

1.One reason the homestead exemption law was enacted was to preserve the integrity of the family as a basic element of social organization.

True

False

QUESTION 24

1.Original jurisdiction for eviction proceedings is with JP courts in the county in which the premise is located.

True

False

QUESTION 25

1.Subject to some exceptions, in Texas,every parcel of real property acquired after marriage constitutes community property.

True

False

QUESTION 26

1.Texas favors joint tenancies.

True

False

QUESTION 27

1.Texas is a lien theory state.

True

False

QUESTION 28

1.The Right of First Refusal requires the owner, if and when the owner decides to sell, to offer the property first to the person entitled to the preemptive right.

True

False

QUESTION 29

1.The Texas Homestead exceptions laws protect creditors.

True

False

QUESTION 30

1.The Texas Statute of Frauds require certain contracts be in writing and signed by the person to be charged, in order for the contract to be valid.

True

False

QUESTION 31

1.The Texas constitution provides for an automatic constitutional lien to protect the mechanic, material man and artisan.This lien applies to:

A.

Subcontractors

B.

Original Contractor

C.

Both A and B

D.

None of the above.

QUESTION 32

1.The Truth In Lending Act requires meaningful disclosures with respect to the cost of the credit being extended.

True

False

QUESTION 33

1.The language "shall pass to the surviving spouse"creates a community property right of survivorship.

True

False

QUESTION 34

1.The mineral owner has the dominant estate.

True

False

QUESTION 35

1.The note offers the property as security and the mortgage is the actual promise to pay.

True

False

QUESTION 36

1.The premise behind the Recording Act include:

A.

To protect the individual who owns an interest in real estate.

B.

To assure subsequent purchasers and creditors as to the status of the title of that real estate.

C.

A and B.

D.

None of the above.

QUESTION 37

1.To calculate a homeowner's tax payment, you use the following calculation:

Sales Price x Tax Rate

Assessed Value x Tax Rate

Purchase Price x Tax Rate

None of the above.

QUESTION 38

1.To determine whether an object is considered a fixture,the following are criteria:

Annexation

How long the item has been in the household

How expensive it will be to remove

None of the above

QUESTION 39

1.Under the Deceptive Trade Practices Act,a consumer must given written notice of at least 30days before filing suit.

True

False

QUESTION 40

1.Under the Texas Homestead Laws, a creditor can force a sale for which of the following?

A.

The taxes due thereon.

B.

The refinance of a line against a homestead.

C.

Home equity loans

D.

All of the above

QUESTION 41

1.What is a claim against a person's real estate that exists as a security interest for some obligation to be discharged?

Lien

Recording

Foreclosure

None of the above

QUESTION 42

1.What is the biggest difference between joint tenancies and tenancies in common?

There is no difference.

With a joint tenancy,there is a right of survivorship.

With a tenancy in common, there is a right of survivorship.

With a joint tenancy, upon upon the decedent's death, his interest would go to his heirs.

QUESTION 43

1.What is the jurisdictional limit for Justice of the Peace courts in Texas?

$5,000

$10,000

$15,000

There is no limit

QUESTION 44

1.What type of courts are used in Texas?

A.

Courts of Equity

B.

Courts of Law

C.

A and B

QUESTION 45

1.When a person dies without a will, he dies intestate; thus, his property passes according to statutory law.

True

False

QUESTION 46

1.Which of the following are requirements of a recording?

A.

The instrument must be an original or copy.

B.

The instrument must be in English

C.

A and B

D.

B only.

QUESTION 47

1.Which of the following is a statutory lien in Texas?

Ad valorem taxes

Federal Taxes

Judgment liens

All of the above

QUESTION 48

1.Which of the following is an example of a freehold estate?

A.

Fee simple

B.

Easement

C.

Life Estate

D.

A and C

QUESTION 49

1.Which of the following theories of legal description does Texas utilize?

A.

Lot and Block Method

B.

Rectangular Survey Method

C.

A and B

D.

None of the above