Texas · state portion

Free Texas Special Topics (incl. Veterans Land Board) practice questions

10 original questions with full explanations. 5 of the 40 scored state-portion questions (about 13%) come from this area.

1. 1

   The Texas Veterans Land Board program provides eligible Texas veterans with:

   • A. Land, home, and home-improvement loan programs
   • B. Free homestead property
   • C. Exemption from all property taxes
   • D. A waiver of licensing requirements
   Show answer & explanation

   Answer: A

   The VLB offers below-market financing programs for land purchases, homes, and home improvements to eligible Texas veterans.

2. 2

   Texas homestead protections primarily:

   • A. Shield the homestead from forced sale by most creditors
   • B. Eliminate property taxes entirely
   • C. Transfer title automatically to heirs
   • D. Waive HOA assessments
   Show answer & explanation

   Answer: A

   The Texas homestead is protected from forced sale by most creditors — with exceptions such as purchase-money liens, property taxes, and home-equity loans.

3. 3

   The Texas Veterans Land Board offers financing for

   • A. purchase of a primary residence with no down payment
   • B. home improvements up to $50,000
   • C. raw land for commercial development
   • D. all of the above
   Show answer & explanation

   Answer: B

   The Texas Veterans Land Board offers financing for home improvements, among other programs, but details such as loan limits may apply.

4. 4

   Which of the following best describes a key feature of the Texas Veterans Land Board's land loan program?

   • A. Low, fixed interest rate for the life of the loan
   • B. 20% minimum down payment requirement
   • C. Financing available for both primary residences and investment properties
   • D. Three-year loan term with a large balloon payment
   Show answer & explanation

   Answer: A

   The Texas Veterans Land Board's land loan program is known for offering low, fixed interest rates for the life of the loan, among other benefits.

5. 5

   To qualify for a Texas Veterans Land Board home loan, an applicant must

   • A. be on active duty in any branch of the US military
   • B. have been discharged with a service-connected disability
   • C. be a resident of Texas and have served in the US military
   • D. have bought a home within the past 12 months
   Show answer & explanation

   Answer: C

   To qualify for a Texas Veterans Land Board home loan, an applicant must be a resident of Texas and have served in the US military, among other possible requirements.

6. 6

   A homeowner in a municipal utility district (MUD) is responsible for paying

   • A. property taxes only
   • B. sales taxes only
   • C. ad valorem taxes and MUD assessments
   • D. MUD assessments but not property taxes
   Show answer & explanation

   Answer: C

   Homeowners in a MUD are typically responsible for paying both ad valorem property taxes and MUD assessments to fund local services and infrastructure.

7. 7

   Which type of property right is conveyed with the surface estate in a standard Texas real estate transaction, unless reserved by the grantor?

   • A. mineral rights
   • B. water rights
   • C. air rights
   • D. riparian rights
   Show answer & explanation

   Answer: A

   In Texas, mineral rights are typically conveyed with the surface estate unless the grantor reserves them in the deed.

8. 8

   Deed restrictions are most commonly found in

   • A. rural areas with large tracts of land
   • B. suburban neighborhoods with single-family homes
   • C. central business districts with high-rise office buildings
   • D. industrial parks with warehouses
   Show answer & explanation

   Answer: B

   Deed restrictions are most commonly found in suburban neighborhoods with single-family homes to regulate aspects of property use and maintain community standards.

9. 9

   What is the primary purpose of the Texas Veterans Land Board?

   • A. To provide housing grants to low-income families
   • B. To offer land, home, and home-improvement loans to eligible Texas veterans
   • C. To manage Texas state parks and wildlife areas
   • D. To oversee the Texas real estate commission
   Show answer & explanation

   Answer: B

   The Texas Veterans Land Board provides financing assistance to Texas veterans for land, homes, and home improvements.

10. 10

    Which of the following is a benefit of a homestead exemption in Texas?

    • A. A reduction in property tax liability
    • B. An increase in property value
    • C. A requirement for homeowners insurance
    • D. A mandatory home inspection
    Show answer & explanation

    Answer: A

    A homestead exemption reduces the amount of property taxes owed on a primary residence in Texas.