The term situs, or place where something is situated, refers to
1. uniqueness
2. area preference
3. mobility
4. scarcity
2. area preference
Which of the following is a physical characteristic of land?
1. indistructability
2. scarcity
3. permanence of investment 4. situs
1. indestructibility
The owner of a life estate in property
1. does not pay real estate taxes
2. is entitled to possession of the property
3. may not receive income from the property
4. is not responsible for all repairs to the property
2. Is entitled to possession of the property
Three individuals own a motel as tenants-in-common. One of the individuals decides to sell all of her assets. She may legally
1. Sell, because a tenant in common may sell her portion of assets if a majority of the co-owners also agreed to sell
2. not sell
3. Sell, because a tenant in common has an undivided interest in real property that is transferable
Which of the following statements is FALSE?
1. Fixtures that are purchased, paid for, and installed after the execution of a mortgage are subject to liens of the mortgage.
2. When a landowner tears down a fence with the intention that it be permanently re
2.
Specific liens would not include which of the following?
1. Mortgage liens
2. Judgments
3. Real estate taxes
4. mechanics liens
2.
a farmer purchased land with no access to a street or public way. After an unsuccessful attempt to gain access through negotiation he was able to gain access through an
1. Easement appurtenant
2. easement in gross
3. easement by necessity
4. easement by p
3.
a woman built a fence that extended beyond the boundary of the property onto her neighbors property. this is an example of
1. laches
2. An easement by necessity
3. an encroachment
4. an appurtenant easement
3.
a grandmother owned a life estate measured by her own family in residence. she leased the property for five years using a standard lease contract. Shortly thereafter, she died. The lease was
1. Valid only as long as she was alive.
2. Valid for five years.
1.
An electrician did some rewiring in a home for which he has not yet been paid. One month after the work was completed, the electrician drove by the home to discover a for sale sign on the property. The electrician should
1. File a mechanics lien.
2. Offer
1.
a tenant failed to remove her trade fixtures prior to the expiration of her lease, which resulted in the landlord acquiring title to the trade fixtures. Acquiring property in this way is known as
1. Accession.
2. Novation.
3. Laches
4. Partition
1.
Included among the legal requirements of taking title to real property as tenants in common is that
1. Ownership interest must be equal.
2. Each co-owners interest may be conveyed separately.
3. A co-owner cannot will his interest in a property.
4. The la
2.
a homeowner employed a contractor to build a swimming pool on his property. Upon completion of the swimming pool, the contractor filed a lien to receive payment of the contract fee. Such filing could be considered any of the following except
1. a specific
3.
a family buys a 40-year-old house and the broker tells them the garage was built 30 years ago. Because the buildings are located on a postage stamp sized lot, the family hires a surveyor who tells them the garage extends 6 inches onto the neighbors lot. B
4.
a man has an unrecorded claim affecting the title to another man's property. The owner has been trying to sell the property, and the man with the claim is concerned about the possibility of it selling before a judgment of some kind is obtained. To protect
1.
X and Y Own adjoining parcels of real estate. X has granted Y an easement over his property for ingress and egress. If Y decided to sell his land to Z, which of the following would be true?
1. The status of the dominant and servient tenements will not cha
1.
Legal seizure of property to be held for payment of money pending the outcome of a suit to enforce collection is
1. a lis pendens
2. An attachment.
3. A writ of execution.
4. An abstract of judgment
2.
Two individuals bought a building and took title as joint tenants. One of the owners died testate. The remaining owner now owns the building
1. As a joint tenant with rights of survivorship.
2. in severalty
3. In absolute ownership under the law of decent
2.
a husband-and-wife own property as tenants by the entirety's. The husband dies and his will names their son as inheritor of the property. Which of the following statements is correct?
1. The son and his mother own the property as tenants-in-common.
2. The
4.
Two brothers may take title to income property in unequal shares under which of the following?
1. severalty
2. Tenants by the entirety.
3. Joint tenants.
4. Tenants-in-common.
4.
a contractor builds an addition to a house for contract price of $52,000 and records his mechanics lien notice. Before making any payment, the owner has the house jacked up and put on a platform prior to moving it to another location. The contractor shoul
3.
Legal descriptions may not be based on
1. The government survey.
2. Metes and bounds.
3. A street address.
4. A survey
3.
a land description that begins at a specific point and proceeds around the boundaries of a parcel by reference to linear measurements and directions is based on
1. metes and bounds.
2. The rectangle survey.
3. A subdivision plat.
4. A survey
1.
In the government survey system
1. Baselines run east and west.
2. Principal meridians run east and west.
3. Baselines run north and south.
4. A township contains 26 sections
1.
a section contains
1. 43,560 ft.�.
2. 640 acres ,more or less.
3. 160 square rods.
4. 320 square rods
2.
You and your sister own a house. Your sister would like to sell her interest in the house to her cousin. You and your sister own the house under which of the following?
1. Tenancy by the entirety.
2. Tenancy at will.
3. Tenancy in common.
4. estaye for ye
3.
a plumber sells his home, in which he has installed washerless faucets. After the contract has been executed, he decides to replace the faucets with standard faucets. Which of the following is true?
1. The plumber may remove the faucets at any time.
2. St
3.
Which of the following forms of ownership may only be held by a wife and a husband?
1. Tenancy in common.
2. Tenancy by the entirety.
3. Tenancy at will.
4. Joint tenancy
2.
R sold his home, it included a water softener, which he had bought the previous year. R's water softener would be classified as
1. Chattel.
2. Personalty
3. A trade fixture.
4. A fixture.
4.
You bought a property that measured 1/2 by 1/2 mile. How many acres did you purchase?
1. 17.78 acres
2. 36 acres
3. 92.83 acres
4. 160 acres
4. 2x2=4
640 acres /4= 160
you are traveling directly from section 6 to section 36 of the same township. you are traveling
1. NE
2. SW
3. NW
4. SE
4.
B holds a life estate and a house measured against his life. Bs life estate is
1. An estate of inheritance.
2. An example of a future interest.
3. Limited in duration to the life estate owners life.
4. a non-freehold estate
3.
a man and woman own their house as tenants by the entirety. Which of the following statements would NOT correctly describe the status of their ownership?
1. Each owner has the right of survivorship.
2. The owners must be husband-and-wife.
3. Either owner
3.
The County zoo holds title to its land with the condition that if it charges admission fees, the title will refer to the original grantor of the estate. This is an example of a
1. Fee simple estate.
2. defeasible fee estate.
3. Legal life estate.
4. Conve
2.
An owner purchased a lot two blocks away from other homes that were built around a lake. The owners deed cited an easement across another Lakeside lot to gain entry onto the lake. What type of easement describes the situation?
1. Easement by necessity.
2.
4.
a farmer purchased a parcel of agricultural land described as the N 1/2 of the SW 1/4 and the S 1/2 of the NW 1/4.
3. 2x4=8; 640/8=80;
2x4=8; 640/8=80
80+80=160
Before getting married, a husband bought an apartment building. After he became married, he decided to sell the building. The buyers attorney required the husbands wife to sign a quitclaim deed. What interest of the wife did the attorney want released?
1.
1.
Which of the following is NOT an advantage of woodframe construction?
1. Wood is renewable.
2. Wood is fire resistant.
3. Wood is easy to renovate.
4. Wood is economical for small buildings
2.
Which of the following is NOT an advantage of brick construction?
1. Brick is resistant to moisture and mold.
2. brick is maintenance free or low maintenance.
3. Brick is durable
4. brick is easy to renovate
4.