Texas Real Estate Exam 3 (Latest 2023 - 2024) New Full Exam Questions and Answers Included

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1. Real property Answer: all the legal rights, powers, and privileges of real estate owner-ship.The rights of ownership are often referred to as the bundle of rights. 2. Bundle of Rights Answer:... 1.Possession, 2.Use, 3.Encumber, 4.Exclusion, 5.Transfer 3. Personal Property Answer: movable rather than being permanently attached to real estate 4. Chattel Answer: personal property 5. Fixture Answer: An item of personal property that has been converted to real propertyby being permanently affixed to the realty. Ex: cabinets, carpet, built-in shelves 6. Emblements Answer: crops or any type ofseasonal/annual plantings that are cultivatedfor profit.These are classified as personal property. 7. Trade fixtures Answer: personal property that a business operator installs as part of thebusiness operations. 8. MARIA Answer: Method of Attachment, Adaptability, Relationship, Intention, Agreement [Show More]

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