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Real Estate
Q:
When real property is taken by means of eminent domain, the government has to pay the landowner fair market value.
Q:
Government rights limit private rights in real property by the use of appropriation.
Q:
Under the feudal system of land ownership, the responsibility for providing services, determining land use, etc., was held by the king.
Q:
A holdover tenancy is most likely created after the expiration of a
a. the tenancy in common.
b. joint tenancy.
c. tenancy by the entirety.
d. tenancy for years.
Q:
A property owner leases a house to a tenant until a buyer is found for the house. Such a tenancy is called a
a. periodic tenancy.
b. tenancy at will.
c. tenancy in common.
d. tenancy for years.
Q:
Which of the following is a non-freehold estate?
a. Tenancy by the entirety
b. Tenancy for years
c. estate held by a remainderman
d. Estate in reversion
Q:
Mrs. Wallock has a life estate for the duration of her own life. She
a. can devise it.
b. cannot lease it.
c. can sell it.
d. cannot mortgage it.
Q:
A judgment, when properly recorded, becomes
a. a voluntary lien.
b. an involuntary lien.
c. a specific lien.
d. a personal lien.
Q:
All of the following may constitute a lien on real property EXCEPT
a. a mortgage.
b. unpaid real property taxes.
c. a restrictive covenant in a deed.
d. a judgment against the owner.
Q:
Which of the following is a lien on real property?
a. Paid property taxes
b. Easements
c. Mortgages
d. Right of way
Q:
Deed restrictions are examples of
a. government limitations on land.
b. private control of land.
c. police power.
d. Increased power in the hands of the zoning authority.
Q:
After purchasing a property, the buyers found a neighbor's fence was two feet inside of their property line. If discussion fails to resolve the problem, the buyers should consider filing suit against the
a. title company.
b. neighbors to remove the encroachment.
c. neighbors for adverse possession.
d. broker even though he was not aware of the encroachment.
Q:
A power company wants to lay a service line across customer properties and must acquire an irrevocable right to do so. This right would be called
a. an easement appurtenant.
b. an easement in gross.
c. a license.
d. an irrevocable lien.
Q:
Which entity would be most likely to hold an easement in gross?
a. Adjacent property owner
b. A power company
c. A tenant at will
d. A corporation on the same road
Q:
A woman allowed her neighbor to drive over her property to get to his own. The woman may have given her neighbor
a. an encumbrance.
b. a right of way.
c. a condemnation.
d. a lien.
Q:
An easement by prescription may be created by
a. payment of taxes.
b. the dominant tenement.
c. the party benefiting from the easement.
d. continuous use.
Q:
Developers avoid land locked properties by creating an easement
a. by necessity.
b. by prescription.
c. in gross.
d. in common.
Q:
Alice has an easement over Betty's adjoining property. Alice sells her property to Martha. The easement will
a. be terminated by the sale.
b. revert to Betty who may or may not grant it to Martha.
c. become public domain.
d. runs with the land and will pass to Martha automatically.
Q:
An easement
a. is always appurtenant.
b. is an estate at sufferance.
c. runs with the land.
d. is an estate at will.
Q:
An easement may be cancelled by all of the following EXCEPT
a. the servient tenement.
b. the dominant tenement.
c. acquiring both lots.
d. prescription.
Q:
An easement appurtenant may be terminated
a. by merger of the dominant and servient estates.
b. by court action when the dominant tenement changes.
c. by continuous use.
d. unilaterally by the holder of the servient tenement.
Q:
Termination of an easement appurtenant may be accomplished
a. by the servient tenement when he has another use for the land.
b. when the purpose of the easement no longer exists.
c. by a court of law when no longer used.
d. unilaterally by the holder of the servient tenement.
Q:
An encumbrance which becomes a lien on real property could be created by
a. restrictive covenants.
b. granting a license.
c. an encroachment.
d. special assessments.
Q:
An example of an encumbrance would be
a. a servient estate.
b. a dominant estate.
c. a life estate.
d. an easement in gross.
Q:
A property owner who holds fee simple title to land will have all of the following "sticks" in his bundle of rights EXCEPT the right to
a. occupy and use it.
b. restrict the use of it.
c. devise it.
d. violate building, health and safety codes.
Q:
Which estate is the most complete estate to own?
a. Fee simple estate
b. Qualified fee
c. Less than freehold
d. Life estate
Q:
The greatest estate or ownership in real property is
a. an estate at sufferance.
b. a fee simple estate.
c. a life estate.
d. a qualified estate.
Q:
A woman who lived in a retirement home and had no relatives, told her friend that she wanted her to have all of her property after she died, however she never made a will. Upon her death, her estate would
a. pass to the friend, since that was her wish.
b. pass to the retirement home where she lived.
c. escheat to the state.
d. pass to an entity determined by the probate court.
Q:
The government receives the authority to take the property of one who dies without a will and without heirs by virtue of
a. laws of agency.
b. eminent domain.
c. police power.
d. escheat.
Q:
By what power do government bodies enforce zoning?
a. Eminent domain
b. Condemnation
c. Dominant estate
d. Police power
Q:
By what action does the government take property for public use?
a. Condemnation
b. Adverse possession
c. Zoning
d. Public vote
Q:
The power of governments to appropriate private property for the public welfare is known as
a. zoning.
b. eminent domain.
c. appropriation.
d. police power.
Q:
Property taxes are characteristic of the
a. allodial system of land ownership.
b. feudal system of land ownership.
c. Napoleonic system of land ownership.
d. English common system of land ownership.
Q:
A ____________________ mortgage lien could not result in the sale of a debtor's real property in order to gain funds for the satisfaction of a debt.
Q:
A leasehold estate, which may be ____________________ by either party at any time, is an estate from period to period.
Q:
The person who conveys a life estate to a life tenant controls who receives ____________________ after the death of the life tenant.
Q:
Concerning the duration of deed restrictions, they ____________________ with the land.
Q:
A properly recorded easement on real property is an ____________________.
Q:
The entitlements of fee simple ownership, which exclude those without rights from interfering, are the ____________________ of rights.
Q:
An estate, which is indefinite in duration, inheritable and transferable, is called a _________________________ estate.
Q:
A property owner who suffers from a government's exercise of its _________________________ will not be compensated for her loss.
Q:
The power of _________________________ can be used to take land for a public road, public parking or an irrigation district.
Q:
The system under which individuals are given the right to own land is the _________________________.
Q:
The type of lien used by someone who does work or supplies materials for a home and has not been paid is called a mechanic's lien.
Q:
A property owner lived in an area newly zoned for business but his deed contains a restriction against commercial usage. In this case the zoning laws would prevail.
Q:
The best way to determine whether a property has an encroachment is to search the title.
Q:
The legal right of a utility company to maintain power lines along the back of a lot is called adverse possession.
Q:
A private road on Don's property has often been used by fishermen as a walkway to the lake. If Don wishes to break the fishermen's claim to an easement by prescription, while still allowing the use, he mustgive notice of his consent to their use of the property.
Q:
An easement appurtenant passes with the title to the dominant estate.
Q:
When a parcel of real property is sold in foreclosure, the easement rights transfer with title.
Q:
An easement may be removed from county records by a quit claim deed signed by the owner of the easement.
Q:
An easement may be created by a written document granting the right to another.
Q:
An encumbrance affects the loan to value ratio.
Q:
The bundle of rights includes the right of escheat.
Q:
The greatest estate in real property is a fee simple estate.
Q:
A fee simple estate in real property may not be transferred with a bill of sale.
Q:
If title to real property is said to be fee simple, it can NOT be alienated.
Q:
A proper legal description of land must uniquely ____________________ and bound the parcel.
Q:
One uniform policy across the United States stipulates that water beneath the land surface is called ____________________.
Q:
A condominium parking stall would be considered to "run with the land" and would be considered to be an ____________________.
Q:
Any damage caused by the removal of the fixtures is the responsibility of the ____________________.
Q:
A residential tenant wants to build a bookcase next to the fireplace in his leased townhouse. The book case can be removed with prior permission of the ____________________.
Q:
A fixture may be removed by a ____________________ with the landlord's permission.
Q:
If a listing agreement mentions a refrigerator as part of real estate offering it should still be mentioned in the ____________________.
Q:
Timber on land becomes ____________________ property.
Q:
Mineral rights can be conveyed separately but riparian rights cannot be conveyed ____________________.
Q:
Buildings or other improvements do not need to be mentioned in the deed because they are considered to be part of the ____________________.
Q:
One acre contains most nearly 42,000 square feet.
Q:
Comparing sections and townships, a township is 6 square miles.
Q:
In the rectangular survey system of land description, principal meridians run in a north-south direction.
Q:
Monuments and points of beginning are used with the metes and bounds type of land description.
Q:
In the term "metes and bounds", metes can best be described as an indication of meters.
Q:
A point of beginning must be included in a metes and bounds land description.
Q:
"That land bounded by Elk Lake and the western boundary of Ware County running from the lake to the southern boundary of said county" might be considered too vague, imprecise and subject to change to be a valid legal description.
Q:
The littoral system is a valid way of describing real estate.
Q:
The right to use water from a stream that is on or adjacent to your land is referred to as accretion.
Q:
An easement for the adjacent property owner is appurtenant to real estate.
Q:
A farmer owns a 60 acre farm planted in potatoes. The potatoes are always personal property.
Q:
A lessee of a book store may legally remove his bookshelves at any time before the lease expires.
Q:
Prior to offering his property for sale, Sal was within his rights in removing the sink from the master bath.