The Texas Occupations Code allows the Texas Real Estate Commission to adopt rules requiring license holders to use contract forms prepared by which entity?

Question:  The Texas Occupations Code allows the Texas Real Estate Commission to adopt rules requiring license holders to use contract forms prepared by which entity?

Answer:  TREC  ( Texas Real Estate Broker-Lawyer Committee )

To whom is title conveyed by a deed of trust?

Question:  To whom is title conveyed by a deed of trust?

Answer:  The Trustee (A disinterested third party)

Which type of property possession carries an implicitly understood termination date?

Question:  Which type of property possession carries an implicitly understood termination date?

Answer:  Estate for years

Which type of deed transfers title when a parcel of real property is sold at a court-ordered public auction as the result of foreclosure?

Question:  Which type of deed transfers title when a parcel of real property is sold at a court-ordered public auction as the result of foreclosure?

Answer:  Sheriff's Deed

Which deed may be used when a grantor is generally unsure about the validity of his or her title?

Question:  Which deed may be used when a grantor is generally unsure about the validity of his or her title?

Answer:  Quit Claim Deed

Which type of deed is also called a “bargain and sale deed with a covenant against the grantor’s acts”?

Question:  Which type of deed is also called a “bargain and sale deed with a covenant against the grantor’s acts”?

Answer:  Special warranty deed

By which deed covenant does the grantor essentially guarantee the title is valid against any other claims to the property?

Question:  By which deed covenant does the grantor essentially guarantee the title is valid against any other claims to the property?

Answer:   Quite Enjoyment

If a contracting party performs most but not all contractual obligations, that party has?

Question:  If a contracting party performs most but not all contractual obligations, that party has?

Answer:  Created specific performance

Which deed clause describes the extent of the ownership interest that is being conveyed by the deed?

Question:  Which deed clause describes the extent of the ownership interest that is being conveyed by the deed?

Answer:  Habendum

A contract that has yet to be fully executed is?

Question:  A contract that has yet to be fully executed is?

Answer:  An executory contract

What does it mean when owner "Sleeps on his rights"?

When a property owner "Sleeps on his rights", it means the owner neglected taking care of a known legal issue(s) for a long period of time.

When someone does not take care of a know legal issue for a long time and just let it be, some time that can be construed as acceptance of the issue or agreeing to the situation.  Therefore after some time it will be become the new normal.

"Sleeping on rights" is very common and it has very serious consequences.

When does adverse possession occur?

Question:  When does adverse possession occur?

Answer:  When a property owner "sleep on his rights"

What doctrine transfers a decedent’s property to the state when the individual dies without a will or legal heir?

Question:  What doctrine transfers a decedent’s property to the state when the individual dies without a will or legal heir?

Answer:  Escheat

What type of agreement does borrower need to create when they are not able to pay for short-term future mortgage payment?

Question:  What type of agreement does borrower need to create when they are not able to pay for short-term future mortgage payment?

Answer:  Forbearance

What does the metes and bounds land description method rely upon to identify the exact dimensions and location of a property?

Question:  What does the metes and bounds land description method rely upon to identify the exact dimensions and location of a property?

Answer:  Longitude and Latitude

What does a deed do?

What is the purpose of a deed?

Question:  What does a deed do?

Answer:  Transfer title

What is the acquisition of new land or real property by artificial or natural means without an instrument of conveyance?

Question:  What is the acquisition of new land or real property by artificial or natural means without an instrument of conveyance?

Answer:  Accession

What is the most common instrument for voluntary alienation?

Questions:  What is the most common instrument for voluntary alienation?

Answer:  Deed

Mutual and reciprocal obligations are created by what type of contract?

Question:  Mutual and reciprocal obligations are created by what type of contract?

Answer:  Bilateral

The acceptance and completion of an obligation executes what type of contract?

Question:  The acceptance and completion of an obligation executes what type of contract?

Answer:  Unilateral