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30 Cards in this Set
- Front
- Back
The term that best describes a continuous urban corridor joining at least two cities is
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Megalopolis
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The term real property can also be described as
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the bundle of rights
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The rights of a landowner to a river bordering her property are known as
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riparian rights
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In the case of a transfer of ownership of a piece of real estate, a fixture is normally
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assumed to be included in the transfer
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A tenant who operates a jewelry store wants to take his jewelry cases with him a the expiration of the lease. Which of the following is most correct? A) He may take the jewelry cases, B) He may not take the jewelry cases, C) He may take the cases only if he has a prior agreement with the landlord, D) He may take the cases if removal will not cause substantial damage.
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He may take the cases if removal will not cause substantial damage
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A legal description of property is not adequate unless A) a street address is included, B) at least two different methods are used, C) it includes a detailed description of the structures, D) None of the above
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D) None of the above
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The lot and block system of property description is not also known as the A) lot, block, and tract system, B) subdivision system, C) rectangular survey system, D) plat map system
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C) Rectangular survey system
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How many acres does a section of land contain?
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640
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The type of ownership that provides the most complete bundle of rights is
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Fee simple absolute
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Which of the following best describes the interests of the holder of a life estate? A) possession, B) possession and use, C) possesion, use, and ownership, D) possession, use, and ownership - but only as long as they live
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C) possession, use and ownership
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The requirement that multiple owners take title to property at the same time is a characteristic of
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joint tenancy
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Which of the following are most similar to each other with respect to inheriting property? A) joint tenancy and community property with right of survivorship, B) joint tenancy and tenancy in common, C) tenancy in common and community property with right of survivorship, D) joint tenancy and community property
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A) joint tenancy and community property with right of survivorship
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Which of the following is a generic term for a group of people joining together to invest in real estate? A) corporation, B) real estate investment trust, C) limited partnership, D) syndicate
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D) Syndicate
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When is the landowner entitled to compensation for a change in zoning?
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when the landowner is denied all practical economic use of the property
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A statement of the goals and policies regarding growth of a community is a good definition of the
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general plan.
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The proper way for a landowner who has physical difficulty in developing his property to get relief is to obtain a
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variance.
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At which lot does the Subdivided Lads Law take effect?
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the fifth lot.
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The primary difference between a common interest subdivision and a standard subdivision is
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ownership of common areas.
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The state has enacted legislation providing special consideration or control for development of A) rangeland, B) earthquake areas, C) coastal areas, D) all of the above
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D) All of the above
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All liens are encumberances. All encumberances are A) liens, B) limitations, C) voluntary, D) involuntary
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B) limitations
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A mechanic's lien creates
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a cloud on title.
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The land that benefits from an easement is referred to as the
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dominant tenement.
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A deed restriction prohibiting the sale of property to certain ethnic groups
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is illegal and unenforceable.
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A private deed restriction that places a restraint on alienation A) is void, B) restricts the sale of property, C) is unenforceable, D) all of the above.
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D) All of the above
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The process by which eminent domain occurs is called
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condemnation
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Which of the following types of easements does not run with the land? A) the electric company's easement to cross over your land with their power lines, B) a driveway easement allowing your neighbor to cross your property to get to the highway, C) an underground waterline easement across your property for your neighbor to obtain water from the street main, D) an agreement to allow your neighbor to use your property to park cars on the day of his daughter's wedding.
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A) the electric company's easement to cross over your land with their power lines.
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An easement is an encumbrance A) only if it has no time limit, B) only if it is an easement appurtenant, C) only if it is an easement in gross, D) always
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D) always
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An agent represents a
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D) principal
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What is another term for an agent entrusted to act on someone's behalf?
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C) fiduciary
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The seller of a one-family house is required to disclose to buyers A) the fact that the last occupant died of AIDS, B) the structural and mechanical condition of the property., C) information about a murder that occurred in the house ten years ealier., D) the fact that the buyers are the original owners of the property.
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B) the structural and mechanical condition of the property.
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