Question 1

The power of _________________________ can be used to take land for a public road, public parking or an irrigation district.

Accepted Answer

The answer of The power of _________________________ can be used...

Question 2

When real property is taken by means of eminent domain, the government has to pay the landowner fair market value.

Accepted Answer

A) True 
 B)False

Question 3

Railroads have the right to condemn private property for public use.

Accepted Answer

A) True 
 B)False

Question 4

A judgment, when properly recorded, becomes

Accepted Answer

A)  a voluntary lien. 
B)  an involuntary lien. 
C)  a specific lien. 
D)  a personal lien. 
A)  a voluntary lien. 
B)  an involuntary lien. 
C)  a specific lien. 
D)  a personal lien.

Question 5

Choose the one most appropriate answer for each.
-all land ownership rests in the name of the king

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 6

Choose the one most appropriate answer for each.
-state laws that protect against the forced sale of a person's home

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 7

The bundle of rights includes the right of escheat.

Accepted Answer

A) True 
 B)False

Question 8

The government receives the authority to take the property of one who dies without a will and without heirs by virtue of

Accepted Answer

A)  laws of agency. 
B)  eminent domain. 
C)  police power. 
D)  escheat. 
A)  laws of agency. 
B)  eminent domain. 
C)  police power. 
D)  escheat.

Question 9

When a parcel of real property is sold in foreclosure, the easement rights transfer with title.

Accepted Answer

A) True 
 B)False

Question 10

An easement

Accepted Answer

A)  is always appurtenant. 
B)  is an estate at sufferance. 
C)  runs with the land. 
D)  is an estate at will. 
A)  is always appurtenant. 
B)  is an estate at sufferance. 
C)  runs with the land. 
D)  is an estate at will.

Question 11

Mrs.Wallock has a life estate for the duration of her own life. She

Accepted Answer

A)  can devise it. 
B)  cannot lease it. 
C)  can sell it. 
D)  cannot mortgage it. 
A)  can devise it. 
B)  cannot lease it. 
C)  can sell it. 
D)  cannot mortgage it.

Question 12

A family had a lion as a pet at their home outside the city. When the area became incorporated, the city made him get rid of the lion by their use of police power.

Accepted Answer

A) True 
 B)False

Question 13

A fee simple estate in real property may not be transferred with a bill of sale.

Accepted Answer

A) True 
 B)False

Question 14

An easement appurtenant may be terminated

Accepted Answer

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. 
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.

Question 15

Which estate is the most complete estate to own?

Accepted Answer

A)  Fee simple estate 
B)  Qualified fee 
C)  Less than freehold 
D)  Life estate 
A)  Fee simple estate 
B)  Qualified fee 
C)  Less than freehold 
D)  Life estate

Question 16

An encumbrance affects the loan to value ratio.

Accepted Answer

A) True 
 B)False

Question 17

Choose the one most appropriate answer for each.
-the right of government to enact law and enforce them for the order, safety, health, morals, and general welfare of the public

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 18

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.

Accepted Answer

A) True 
 B)False

Question 19

Which entity would be most likely to hold an easement in gross?

Accepted Answer

A)  Adjacent property owner 
B)  A power company 
C)  A tenant at will 
D)  A corporation on the same road 
A)  Adjacent property owner 
B)  A power company 
C)  A tenant at will 
D)  A corporation on the same road

Question 20

An encumbrance which becomes a lien on real property could be created by

Accepted Answer

A)  restrictive covenants. 
B)  granting a license. 
C)  an encroachment. 
D)  special assessments. 
A)  restrictive covenants. 
B)  granting a license. 
C)  an encroachment. 
D)  special assessments.

Exam 2: Rights and Interests in Land

The power of _________________________ can be used to take land for a public road, public parking or an irrigation district.

When real property is taken by means of eminent domain, the government has to pay the landowner fair market value.

Railroads have the right to condemn private property for public use.

A judgment, when properly recorded, becomes

Choose the one most appropriate answer for each. -all land ownership rests in the name of the king

Choose the one most appropriate answer for each. -state laws that protect against the forced sale of a person's home

The bundle of rights includes the right of escheat.

The government receives the authority to take the property of one who dies without a will and without heirs by virtue of

When a parcel of real property is sold in foreclosure, the easement rights transfer with title.

An easement

Mrs.Wallock has a life estate for the duration of her own life. She

A family had a lion as a pet at their home outside the city. When the area became incorporated, the city made him get rid of the lion by their use of police power.

A fee simple estate in real property may not be transferred with a bill of sale.

An easement appurtenant may be terminated

Which estate is the most complete estate to own?

An encumbrance affects the loan to value ratio.

Choose the one most appropriate answer for each. -the right of government to enact law and enforce them for the order, safety, health, morals, and general welfare of the public

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.

Which entity would be most likely to hold an easement in gross?

An encumbrance which becomes a lien on real property could be created by

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

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