Chapter 1 Quiz Sample Solutions

Chapter 1 Quiz Sample Solutions - Real Estate Principles Ch...

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Real Estate Principles Ch 1 Quiz Answer Key 1. C 2. D 3. A 4. C 5. D 6. B 7. A 8. A 9. D 10. D 11. C 12. B 13. B 14. D 15. D 1
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Answer Key with Explanations Question #1 Answer: C Explanation: A township contains 36 square miles. It contains 36 sections, each of which is one square mile. Question #2 Answer: D Explanation: Under the prior appropriation system, an owner of landlocked property may receive the right to take water from a distant source for a particular beneficial use (usually irrigation). Question #3 Answer: A Explanation: A bearing wall is a permanent part of the real property. The other options are all personal property. Question #4 Answer: C Explanation: A bill of sale is used to transfer an interest in personal property. The other options all can be used in a conveyance of real property. Question #5 Answer: D Explanation: A real property tax bill usually will refer to the property by the tax assessor's parcel number, rather than a legal description of the property. Question #6
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Chapter 1 Quiz Sample Solutions - Real Estate Principles Ch...

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