Texas Real Estate 195 Questions And Answers
1 / 10
Terms in this set
195
-OR rule
Suffix implying giving (grantor, optionor, vendor)
-EE rule
Suffix implying receiving (grantee, optionee, vendee)
Bundle of Rights
The legal rights of the real estate title holder
1. The right of possession
2. The right to control
3. The right of exclusion
4. The right of enjoyment
5. The right of disposition
1. The right of possession
2. The right to control
3. The right of exclusion
4. The right of enjoyment
5. The right of disposition
Real Property
Runs with the property, generally immovable
Personal Property
Runs with the person, generally movable
Chattel Real
Personal Property
Fixture
Incorporated into the land, real property
Trade Fixture
Business office, personal property
Riparian Rights
Moving water (ex. River)
Littoral Rights
Not moving water (ex. Lake)