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Real Estate ch 1 and 2

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Professional Development

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Real Estate ch 1 and 2
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26 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs, The tree and the shrub are an ex. of what?

Encroachments

improvements

surface rights

emblements

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A property owner has a waterfront lot on a stream, what is this right called?

Riparian

littoral

appropriative

appropriation

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A commercial tenant is aware that his lease will expire at the end of the month, he has begun to disassemble his display and cabinets and shelves. Which of the following statements about this is true,

he cannot take them without first obtaining written permissions from the landlord

if the landlord wants them, he can pay the tenant and the tenant must leave them

the tenant can take these as they are trade fixtures

he must disclose to the landlord that he plans to take them

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A seller is attending the closing on his property. The title company has discovered an unsatisfied M&M lien on the property, Which of the following was the most likely reason?

a worksmen on the property left tools behind

unpaid property taxes

PLUMBING WORK THAT WAS COMPLETED BUT NEVER PAID FOR

a judgement

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A listing agent went to inspect a seller's property hoping to list it for sale.the seller told the listing agent that his neighbor's satellite dish trespasses on his property. this is an example of:

annexation

encroachment- has to be disclosed

appurtenance

license

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A father gives his son a life estate on a property, the son leases the property. The tenant dies, What happens to the property?

it reverts to the father

it goes to the remainderman

It goes back to the son until he dies

it goes to the son's heirs

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A man leaves his wife a life estate in their home after which the property goes to his children from the first marriage. The Children:

are remaindersmen

have fee simple determinable

have a life estate

have a dominant interest in the property

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