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Real Estate

Review Questions

QuestionAnswer
In determining whether an article of personal property has become a fixture, which tests would be applied? The manner of the attachment, the adaptation of the article to the land, the existence of an agreement between the parties, and the relationship of the parties involved.
The term "real estate" includes: the right to use land, anything affixed to land with the intent of being permanent, rights to the air above the land, and the rights to the subsurface minerals.
Determining what is a fixture and what is not is important when: property taxes are calculated, real estate is mortgaged, a tenant attaches an object to a rented building and when hazard insurance is purchased
(A) an oriental throw rug in the front entry hall, (B) a built-in kitchen range, (C) a built-in dishwasher, (D) a custom-fitted wall-to-wall carpet installed over plywood subflooring. All are fixtures EXCEPT: an oriental throw rug in the front entry hall
All of the following are classified as real property EXCEPT: (A) fixtures, (B) emblements, (C) a shrub planted in the ground, (D) air rights emblements
The right of an owner to use water from a stream for personal use is called: a riparian right
Which land description method identifies a parcel of land by specifying its shape and boundaries? Metes and bounds
Which of the following have been utilized as monuments to designate the corner of a parcel of land in the metes and bounds description of the land? (A) An iron pipe driven into the ground, (B) a tree, (C) a fence corner, (D) All of the above All of the above
The term "point of beginning" refers to: the first corner of the parcel to be surveyed
1/60th of 1/60th of 1/360th of a circle is known as a: second
In the rectangular survey system of land descriptions, which lines run in an east-west direction? standard parallels
East-west lines in the government rectangular survey system are known as: base lines
In a diagram of a township, Section 10 lies directly south of Section: 3
A township is: six miles square
The amount 43,560 is the number of square feet in: an acre
The NW1/4 of the NW1/4 of the NW1/4 of a section of land contains: 10 acres
An assessor's parcel number is: an informal reference, not a legal description
The system under which individuals are given the right to own land is known as the: allodial system.
By which of the following processes may a government acquire ownership of privately held land? A-condemnation,B-taxation,C-police power,D-escheat,E-both A and D condemnation and escheat
Rent control, building codes and zoning laws are all examples of a government's exercise of: police power
Property owned by a person who dies intestate and without heirs will escheat to the: state or county
The term "estate" refers to: one's legal rights in land
A restrictive covenant in the deed to the property, a mortgage, and a lease all constitute an ________ on the fee simple title to real property. encumbrance
Which of the following easements could be created without a written document? A-an easement by necessity,B-an easement by prescription,C-Both Both. An easement of necessity and an easement of prescription
An easement is a ________ to the holder of the dominant estate. appurtenance
An easement is a ________ to the holder of the servient estate. encumbrance
An easement appurtenant may be terminated: by combination of the dominant and servient tenements, when the purpose of the easement no longer exists and by lack of use
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 judgement against the owner C. a restrictive covenant in a deed
Mechanic's liens and ad valorem tax liens are examples of ___________. specific liens
An estate created by statute, a life estate, and a fee simple estate are examples of a ________. freehold estate
A tenant at sufferance is a trespasser.
A chattel is an item of personal property.
Created by: justinhall
 

 



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