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A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
Some states, such as Texas, have adopted the “ownership-in-place” theory for oil and gas that landowners own a corporeal possessory interest (similar to a fee simple) in the substances beneath their land, but their ownership is a determinable fee subject to the rule of capture. [8]
Lake Texoma is situated on the border between Oklahoma and Texas in the Oklahoma counties of Bryan, Marshall, Johnston, and Love, and the Texas counties of Grayson and Cooke. [6] It has a surface area of 89,000 acres (360 km 2 ), a conservation water volume of 2,525,568 acre⋅ft (3.115242 km 3 ), and a flood-control volume of 5,194,163 acre⋅ ...
The land patent specifies any usage restrictions, such as oil and mineral rights, roadways, ditches, and canals, that apply to the land. These restrictions are separate from state and local statutory regulations concerning property associated with the land, including zoning laws, building codes, and property taxes that pertain to both the land ...
Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. [1] There are three major types of mineral property: unified estate, severed or split estate, and fractional ownership of minerals. [1]
These problems required additional legislation by the Congress of the Republic of Texas and the Texas Legislature. [1] [4] Unappropriated land within the original boundary was insufficient; settlers and trading posts were already in the area. A second contract was requested that extended the boundary 40 miles south. It was signed on November 9 ...
The Stock-Raising Homestead Act of 1916 provided settlers 640 acres (260 ha) of public land—a full section or its equivalent—for ranching purposes. Unlike the Homestead Act of 1862 or the Enlarged Homestead Act of 1909, land homesteaded under the 1916 act separated surface rights from subsurface rights, resulting in what later became known as split estates. [1]
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