Texas Real Estate Law Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) What is the metes and bounds system of legal description? - Correct Answers ✅Perimeter of property using point of beginning How many sections are in a township? - Correct Answers ✅36 How many acres are in a section? - Correct Answers ✅640 What are the advantages to establishing an LLC? - Correct Answers ✅Protect individuals from personal assets What is the homestead law in Texas, whom is it designed to protect? - Correct Answers ✅Protect property owner from creditors What are the property limitations of homestead in both rural and urban areas? - Correct Answers ✅Rural- 200 acres Urban- 10 acres Is Texas a community property/separate property state or a combination of both? - Correct Answers ✅Combo of BOTH but MAINLY a community property state 1 / 2
Texas Real Estate Law Questions and Verified Answers, 100% Guarantee Pass (Latest 2025) What three forms of water rights are found in Texas, and of the three which is the most prevalent? - Correct Answers ✅Riparian Rights Littoral Prior Appropriation (most common) Generally, who owns the ground water in Texas? - Correct Answers ✅The owner of the property where the ground water is located An ownership of real estate by more than one party, in
undivided interest that do not have to be equal, is known as:
- Correct Answers ✅Tenancy in common
A type of partnership wherein one partner is generally not liable for the debts, errors, omissions, negligence, incompetence, or malfeasance of another partner is known as
a: - Correct Answers ✅Limited Liability Partnership
In the determination of a fixture, annexation is referring to
the: - Correct Answers ✅Manner in which the item is
attached
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