Test 1 real estate exam

Test 1 real estate exam

University

•

30 Qs

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Test 1 real estate exam

Test 1 real estate exam

Assessment

Quiz

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Others

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University

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Practice Problem

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Easy

Created by

Brylie davidson

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following would be defined as real estate opposed to real property?

wells, driveways and signs on a parcel of land

mobile homes temporarily parked on a parcel of land

timber that has been cut and is lying on a parcel of land

business equipment and owner or tenant has placed on a parcel of land

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following would be considered a property improvement

an alteration to land to make it more useful

an increase in the value of a property

a chicken coop permanently attached to land

a parcel of land that has passed a percolation test

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following best describes the physical boundaries of land?

the surface of the earth and infinite space above the surface

the center of the earth and infinite space above the earth

the surface of the earth and all water and minerals on or below the surface to the center of the earth

the surface of the earth and the air rights above the surface to the point defined by local zoning

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the bundle of rights refers to a set of rights

enjoyed by the owner of the property

that is synonymous with the bill of rights

guaranteed to citizens by the statute of rights

specified in a deed or land contract

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

which of the following best describes the legal concept of personal property

any item which is acquired in a fee simple sale transaction

any item of property that is not definable as real property

any movable property owned by an individual, partnership or corporation

any item that is not a natural item affixed to the earth

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the right to encumber a property means that the owner can

sell the property to an encumbered party

pledge the property as collateral for debt

lease the property

assign the bundle of rights to another

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a property owner leases 60 acres of agricultural land for a renewable period of 5 years. in the context of real estate rights, this lease represents a

transfer of a portion of the bundle of rights

encroachment on the bundle of rights

conveyance of the complete bundle of rights

encumbrance of the tenants right

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