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Test your basic knowledge |
CA State Certified Appraiser Legal Things
Start Test
Study First
Subject
:
certifications
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. What is the term that means 'going to the state'?
Escheat
Real estate Taxes
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Deed
2. Which of the following can use the right of Eminent Domain?
Deed recordation
Lease
Public utility and Both the City and County governments
Police power
3. Zoning regulations are concerned with...
Taxation
The types and density of land use - the present and future use of land - and the frontage and size of building
Reliction
Accredition
4. The Smith's converted their garage into an apartment for an elderly relative without government approval. This would be an example of...
Deed
Time share
Any method for bringing wasted natural resources into productive use
Illegal use
5. A loan that would be secured by the real property is called...
The types and density of land use - the present and future use of land - and the frontage and size of building
Avulsion
Mortgage
Real estate Taxes
6. Reclamation is defined as...
Any method for bringing wasted natural resources into productive use
Direction
Zone A
Time share
7. ______ are warranties by the grantor and the grantor's heirs to defend against all claims caused by the actions or omissions of the grantor or grantor's heirs.
Taxation - Eminent domain and Police power
Co-op
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Special warrantee deeds
8. When the government has the right to levy taxes on real property this is called...
Real estate Taxes
Real estate
The Contractor puts a voluntary Lien on the home
Taxation
9. A lien that would usually take priority would be which of the following: Judgement - Real estate Tax - Mechanics Lien - Mortgage?
Eminent domain
Real estate Tax
Reliction
Real estate
10. The document that states all the rights of use and the occupancy of the property for a given period of time and a given amount of rent is called ___
Boundaries
Lease
Profit
Leased fee
11. Which is the superior lien?
Pud
Real estate Taxes
Renewal option
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
12. Land that benefits from an easement on another property...
Deed recordation
Zone A
Special warrantee deeds
Dominant tenement
13. In area analysis - some examples of political-governmental factors which influence the price of homes are...
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Special warrantee deeds
Real estate Taxes
Leased fee
14. If a property had more than one owner and each owner has equal right to possession of the property. Upon death of one of the owners the deceased may leave his/her rights to the property to the living heirs - this would be considered what form of owne
Encroachment
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Tenants in common
Reliction
15. For the past several years - high waters have been dumping substantial amounts of soil onto Doug's property. This event is known as...
Escheat
Lot and Block
Accredition
Taxation
16. When a lease is created - the appropriate term for the tenant's benefit is...
Special warrantee deeds
Leasehold
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Deed recordation
17. (an) Esement defined in general terms - without a definite location or description
Zone A
Joint Tenants
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
Floating easement
18. Public limitations on free exercise of private property are...
Tax Description
Legal forces
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Taxation - Eminent domain and Police power
19. In which flood hazard boundary map is the greatest hazard?
Deed
Real estate Tax
Zone A
Leasehold
20. If 'FRED' built his new home - but his large kitchen extended past his property line and into is neighbor's property this would be called an...
Direction
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Deed recordation
Encroachment
21. Which of the following major forces of influence on real estate value covers supply and demand of housing?
Any method for bringing wasted natural resources into productive use
Co-op
Economic forces
Lease
22. Which is the superior lien?: First Mortgage - IRS Tax Lien - merchants lien - Real estate Taxes
Co-op
Real estate Taxes
Renewal option
Taxation - Eminent domain and Police power
23. (Legal interest)The right to remove something from another's land such as minerals etc. is commonly called...
Leasehold
Profit
17
Police power
24. If a property tax rate is 1.7% of assessed value - what would the mill rate be?
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
17
Co-op
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
25. 'runs with the land' - easement that generally transfers automatically when the dominant estate is transferred.
Police power
easement appurtenant
Economic forces
Dominant tenement
26. The document that states all the real property interests or estate interest that includes all the information about surface rights and subsurface rights etc. is called the ___
Deed
Joint Tenants
The types and density of land use - the present and future use of land - and the frontage and size of building
Illegal use
27. 'X' leased his property to 'Y' - who in turn sub-leased the property to 'Z'. Which of the following Statements is true.
Accredition
The Landlord will receive his payments from Y the Lessee
Police power
Encroachment
28. Which of the following best describes installment or land contract?
The types and density of land use - the present and future use of land - and the frontage and size of building
A method of selling Real estate whereby the purchaser takes possession and pays for the property in regular installments while the sellers retains title until the property is paid in full
Special warrantee deeds
Deed recordation
29. this easement may be 'granted' or 'reserved' in a deed or other legal instrument. Alternatively - it may be incorporated by reference to a subdivision plan by 'dedication' - or in a restrictive covenant in the agreement of an owners association.
Pud
Express easement
Quitclaim deed
Taxation - Eminent domain and Police power
30. Which of the following major forces of influence on real estate value covers zoning?
Avulsion
Illegal use
Legal forces
easement appurtenant
31. When a lease is created - the appropriate term for the owner's benefit is...
Leasehold
Escheat
Mortgage
Leased fee
32. Arnold bought a summer home on the shore of Eagle Bear Lake five years ago. Over the years - the water has receded and left his dock permanently surrounded by dry land. What is this an example of?
Direction
Deed recordation
Time share
Reliction
33. River Real Estate Tycoons just purchased an office property next to the Wafflesnake Bayou. Because the office property lacked sufficient parking - they contacted the Bayou Burger Joint next door who agreed to an easement allowing them use of seven sp
Eminent domain
Quitclaim deed
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
Mortgage
34. When a corporation owns a building and the residents of the building own stock in the corporation - this is called what form of special ownership?
Joint Tenants
Zone A
Co-op
Leased fee
35. A mortgage that has not been recorded or registered in the county in which the real estate is located...
Encroachment
Taxation
Police power
does not give constructive notice
36. If a property has more than one owner - and upon death of one of the owners the deceased rights to the property is passed to the surviving owners - this is called...
17.5
Joint Tenants
Lease
easement appurtenant
37. The right of a government or its agent to expropriate private property for public use - with payment of compensation.
Legal forces
Any method for bringing wasted natural resources into productive use
Eminent domain
Time share
38. When the government regulates the land use for the good of the public - this is called...
Deed recordation
Police power
Quitclaim deed
Boundaries
39. Which of the following would be included in the 'public limitations on real estate ownership'?
Real estate Taxes
Special warrantee deeds
Taxation - Eminent domain and Police power
Police power and eminent domain
40. One source of data for use in the comparable sales approach - is deed recordings. Which of the following is/are true?
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Police power and eminent domain
Illegal use
easement appurtenant
41. The recording of a deed that provides everyone with a notice that a valid conveyance has occurred is called...
17.5
Deed recordation
Deed recordation
Police power
42. If a owner has a partial ownership or a lease for a specified amount of time - this would be called a...
Mortgage
Economic forces
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Time share
43. In the term 'Metes and Bounds' - what does the word 'Bounds' mean?
Direction
Co-op
Joint Tenants
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
44. A subject property has a market value of $125 -000. The property is taxed at a rate of $1.75 per $100 of assessed value. The property is assessed at 75 -000. What is the Millage rate?
Direction
Deed
17.5
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
45. Which of the following would not be considered a commonly accepted form of a 'Legal Description'?
Tax Description
Real estate Taxes
Co-op
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
46. Albert is selling is house and has been informed that a potential buyer has submitted an offer that includes his clothes washer and furniture in the sale. Albert accepted the offer without addendum. Which of the following best describes the actions o
Real estate Taxes
Accredition
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Taxation
47. In site analysis - an appraiser needs a deed description to determine...
Joint Tenants
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Pud
Boundaries
48. Which of the following is a zoning classification for a subdivision that sets density limits and allows dwellings to be clustered?
Police power and eminent domain
Deed recordation
Mortgage
Pud
49. immobile - heterogeneous and has long asset life?
Legal forces
Taxation
Quitclaim deed
Real estate
50. When any interest possessed by the grantor is conveyed to the grantee - without any warranties this is called...
Zone A
Quitclaim deed
Time share
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.