WorksheetsProperty Law
Total questions: 20
Worksheet time: 10mins
Personal property that becomes permanently attached to land or a building is a
fixture
structure
future
suture
Which of the following is not a type of real property ownership?
joint tenancy
tenancy by the entirety
tenancy in common
tenancy by joint
The right of one joint tenant to ownership of property when the other joint tenant dies is
tenancy in common
right of survivorship
right of passage
eminent domain
Which of the following is a way that real property can be transferred?
a gift
a sales transaction
probate process
all of the above
The occupation of land to which another person has title with the intention of keeping it as one's own
Adverse possession
Eminent domain
Periodic Tenancy
Mutual benefit bailment
The formal written document used to transfer legal ownership of real property
Bailment
Tenancy
Landlord
Deed
A thing, real or personal, tangible or intangible, that is subject to ownership and a group of related legal rights
Property
Mortgage
Lease
Deed
Money held by the bank that holds the mortgage to pay property taxes and insurance
deed
mortgage escrow
down payment
instrument survey
A map of the property that seller obtains from professional surveyers to show unencumbered property is the
easement
mortgage
instrument survey
zoning regulations
Betty lives on a property that is part of a homeowner's association that takes care of common areas, such as a pool and gym, to which property owners have rights. This is a/an
condominium or townhouse
apartment
mansion
broker
Who usually pays the commission in a home sale transaction?
buyer
seller
both buyer and seller
sales agents
Joe Smith listed his house for sale for $200,000. Jenny Jones offers him $190,000. Jenny's offer is called a/an
counter offer
purchase offer
contingency offer
solicitation
Joe Smith listed his house for sale for $200,000. Jenny Jones offers him $190,000. Jenny bases her offer on her lawyer's approval and an inspection. The offer includes
dependencies
contingencies
counter offers
restrictive covenants
Joe Smith listed his house for sale for $200,000. Jenny Jones offers him $190,000. Joe says that he will not accept $190,000, but he will accept $195,000. Joe's new offer is considered to be a/an
purchase offer
revised offer
rejection
counter offer
The town of Mayberry requires that residents get permits for decks and sheds and has restrictions on noise, fences, and property use. These restrictions are called ___.
zoning regulations
restrictive covenants
homeowners association
easements
Fiona hasn't been making her mortgage payments. What can her bank do to force the owner to sell the property to satisfy the debt?
adverse possession
bankruptcy
foreclosure
eminent domain
Typical closing costs include
recording fees
mortgage tax
transfer tax
all of the above
When someone other than the owner exercises actual, open, and exclusive use of the private for a set number of years, interfering with the owner's rights, it is called
adverse possession
eminent domain
foreclosure
probate
Bob and Millie own a home as joint tenants. They have one son, Dan, and two granddaughters. When Bob dies, who will owns the home?
Millie, Dan, and the grandchildren
Millie
Dan
the court will decide
Government mortgage programs include
SONYMA
FHA
VA
all of the above
