PRACTICE EXAM REAL ESTATE.docx - The owner of an interest in commonly held property who wishes to dispose of the property while the other owners do NOT

PRACTICE EXAM REAL ESTATE.docx - The owner of an interest...

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The owner of an interest in commonly held property who wishes to dispose of the property, while the other owners do NOT want to do so, will probably Question Result: Correct Your answer: begin a suit for partition. Practice Test Question: 7 A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? Question Result: Correct Your answer: Tenancy at will. Practice Test Question: 16 A homeowner has negotiated with a neighbor to obtain the permanent right to pass over the northern part of the neighbor's land to gain access to the river. He pays the neighbor $9,000 for the right of access and receives a deed. This is an easement Question Result: Correct Your answer: appurtenant. Practice Test Question: 26 In MOST states, when a first mortgage is foreclosed and the property has been sold, junior liens Question Result: Correct Your answer: no longer have any claim on the property. Practice Test Question: 60 At the time of harvest, crops that require annual planting are generally considered to be Question Result: Correct Your answer: personal property. Practice Test Question: 63 What type of map is MOST useful for describing the terrain of a very hilly lot? Question Result: Correct Your answer: Contour map. Practice Test Question: 80 Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Question Result: Correct Your answer: Situs. Topic Area: Land Use Controls And Regulatons Total Topic Score: 7.0 Your Score: 7.0 Practice Test Question: 21 A property owner died, having willed his real property to his two daughters. There is still a chance that they could lose the land for a variety of reasons, but it CANNOT be taken through
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Question Result: Correct Your answer: escheat. Practice Test Question: 29 The terms "littoral," "riparian," and "appropriative" refer to Question Result: Correct Your answer: water rights. Practice Test Question: 44 The principal difference between zoning and planning as they relate to land use control is that zoning Question Result: Correct Your answer: is a legal implementation while planning is a process. Practice Test Question: 54 A deed restriction is applicable to the activities of Question Result: Correct Your answer: present and future owners. Practice Test Question: 66 A lawsuit for inverse condemnation may be brought by Question Result: Correct Your answer: a homeowner. Practice Test Question: 67 An environmental impact statement typically describes the effects of a proposed project on factors such as Question Result: Correct Your answer: public health and safety.
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  • Fall '16
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