Question 1

Choose the one most appropriate answer for each.
-taxes levied against privately held land based on its value

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 2

A property owner who suffers from a government's exercise of its _________________________ will not be compensated for her loss.

Accepted Answer

The answer of A property owner who suffers from a...

Question 3

Choose the one most appropriate answer for each.
-an article of personal property

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 4

Developers avoid land locked properties by creating an easement

Accepted Answer

A)  by necessity. 
B)  by prescription. 
C)  in gross. 
D)  in common. 
A)  by necessity. 
B)  by prescription. 
C)  in gross. 
D)  in common.

Question 5

Government rights limit private rights in real property by the use of appropriation.

Accepted Answer

A) True 
 B)False

Question 6

A properly recorded easement on real property is an ____________________.

Accepted Answer

The answer of A properly recorded easement on real property...

Question 7

Choose the one most appropriate answer for each.
-the right of government to take privately held land for fair compensation

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 8

The greatest estate or ownership in real property is

Accepted Answer

A)  an estate at sufferance. 
B)  a fee simple estate. 
C)  a life estate. 
D)  a qualified estate. 
A)  an estate at sufferance. 
B)  a fee simple estate. 
C)  a life estate. 
D)  a qualified estate.

Question 9

Choose the one most appropriate answer for each.
-spouses are treated as equal partners with each owning a one-half interest

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 10

An easement appurtenant passes with the title to the dominant estate.

Accepted Answer

A) True 
 B)False

Question 11

An easement may be removed from county records by a quit claim deed signed by the owner of the easement.

Accepted Answer

A) True 
 B)False

Question 12

Choose the one most appropriate answer for each.
-compensation for the loss in market value that results from splitting up a property in condemnation proceeding

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 13

A property owner leases a house to a tenant until a buyer is found for the house. Such a tenancy is called a

Accepted Answer

A)  periodic tenancy. 
B)  tenancy at will. 
C)  tenancy in common. 
D)  tenancy for years. 
A)  periodic tenancy. 
B)  tenancy at will. 
C)  tenancy in common. 
D)  tenancy for years.

Question 14

Alice has an easement over Betty's adjoining property. Alice sells her property to Martha. The easement will

Accepted Answer

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. 
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.

Question 15

Under the feudal system of land ownership, the responsibility for providing services, determining land use, etc., was held by the king.

Accepted Answer

A) True 
 B)False

Question 16

The greatest estate in real property is a fee simple estate.

Accepted Answer

A) True 
 B)False

Question 17

Concerning the duration of deed restrictions, they ____________________ with the land.

Accepted Answer

The answer of Concerning the duration of deed restrictions, they...

Question 18

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

Accepted Answer

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. 
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.

Question 19

Choose the one most appropriate answer for each.
-the largest, most complete bundle of rights one can hold in land, land ownership

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 20

By what action does the government take property for public use?

Accepted Answer

A)  Condemnation 
B)  Adverse possession 
C)  Zoning 
D)  Public vote 
A)  Condemnation 
B)  Adverse possession 
C)  Zoning 
D)  Public vote

Exam 2: Rights and Interests in Land

Choose the one most appropriate answer for each. -taxes levied against privately held land based on its value

A property owner who suffers from a government's exercise of its _________________________ will not be compensated for her loss.

Choose the one most appropriate answer for each. -an article of personal property

Developers avoid land locked properties by creating an easement

Government rights limit private rights in real property by the use of appropriation.

A properly recorded easement on real property is an ____________________.

Choose the one most appropriate answer for each. -the right of government to take privately held land for fair compensation

The greatest estate or ownership in real property is

Choose the one most appropriate answer for each. -spouses are treated as equal partners with each owning a one-half interest

An easement appurtenant passes with the title to the dominant estate.

An easement may be removed from county records by a quit claim deed signed by the owner of the easement.

Choose the one most appropriate answer for each. -compensation for the loss in market value that results from splitting up a property in condemnation proceeding

A property owner leases a house to a tenant until a buyer is found for the house. Such a tenancy is called a

Alice has an easement over Betty's adjoining property. Alice sells her property to Martha. The easement will

Under the feudal system of land ownership, the responsibility for providing services, determining land use, etc., was held by the king.

The greatest estate in real property is a fee simple estate.

Concerning the duration of deed restrictions, they ____________________ with the land.

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

Choose the one most appropriate answer for each. -the largest, most complete bundle of rights one can hold in land, land ownership

By what action does the government take property for public use?

Nature and Description of Real Estate

Forms of Ownership

Transferring Title

Recordation Abstracts and Title Insurance

Contract Law

Real Estate Sales Contracts

Mortgage and Note

Deed of Trust

Lending Practices

The Loan and the Consumer

Sources of Financing

Types of Financing

Taxes and Assessments

Title Closing and Escrow

Real Estate Leases

Real Estate Appraisal

Licensing Laws and Professional Affiliation

The Principal-Broker Relationship: Employment

The Principal-Broker Relationship: Agency

Fair Housing, Ada, Equal Credit, and Community Reinvestment

Condominiums, Cooperatives, Puds, and Timeshares

Property Insurance

Land-Use Control

Real Estate and the Economy

Investing in Real Estate

Filters