Real Estate Review 1-4

Which one of these factors DOES NOT affect supply?

• Labor Force

• Government Controls

• Employment and Wage levels

• Financial Policies

What is the biggest disadvantage to owning real estate for investment?

• Equity Buildup

• Leverage for investments

• Appreciation

• Liquidity

What is the difference between Avulsion and Accretion?

• Avulsion removes land while accretion adds land

• Accretion removes land while Avulsion adds land

• There is no different

Situs means

• location

• area preference

• both A and B

• scarcity

Crops to harvest are an example of a(n)

• severance

• annexation

• emblements

• easements

The acronym for the test of a fixture is

• TRFIX

• MARIA

• PETE

• USFIX

The two kinds of Fee Simple Estates are

• Conventional Life Estate and Fee Simple Absolute

• Fee Simple Absolute and Fee Simple Defeasible

• Fee Simple Absolute and Life Estate

• Special Limitation with Reverter and Legal Life Estate

A Legal Life Estate includes the family home called a

• Curtesy

• Dower

• Homestead

• Pur autre vie

An easement by prescription includes

• an appurtenant

• an Easement by necessity

• tacking

• a gross easement

Which of these is not part of Governmental Powers?

• Police power

• Condemnation without just compensation

• Escheat

• Taxes