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CA State Certified Appraiser Legal Things

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. 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 ___
The types and density of land use - the present and future use of land - and the frontage and size of building
Deed
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
Joint Tenants

2. A lien that would usually take priority would be which of the following: Judgement - Real estate Tax - Mechanics Lien - Mortgage?
Mortgage
Real estate Tax
Taxation
Police power and eminent domain

3. In which flood hazard boundary map is the greatest hazard?
Special warrantee deeds
Accredition
The types and density of land use - the present and future use of land - and the frontage and size of building
Zone A

4. Noun: The action of pulling or tearing away. The sudden separation of land from one property and its attachment to another - esp. by flooding or a change in the course of a river.
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Avulsion
Real estate

5. Which of the following would not be considered a commonly accepted form of a 'Legal Description'?
Tax Description
Deed recordation
Zone A
The Contractor puts a voluntary Lien on the home

6. Alfred and James wrote up a lease agreement that would give Alfred (the tenant) the right to extend the lease when it expires. Although Alfred is not obligated to extend the lease - if the option is exercised - the payment amount and the length of th
Zone A
Renewal option
Co-op
Joint Tenants

7. 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.
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Express easement
Quitclaim deed
Any method for bringing wasted natural resources into productive use

8. Which of the following would be included in the 'public limitations on real estate ownership'?
Mortgage
Accredition
Police power and eminent domain
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement

9. 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 ___
Illegal use
Avulsion
Lease
Leasehold

10. In the term 'Metes and Bounds' - what does the word 'Bounds' mean?
Direction
The Landlord will receive his payments from Y the Lessee
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Zone A

11. Which is the superior lien?: First Mortgage - IRS Tax Lien - merchants lien - Real estate Taxes
Any method for bringing wasted natural resources into productive use
Escheat
Renewal option
Real estate Taxes

12. ______ 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.
Direction
Zone A
Special warrantee deeds
17.5

13. Land that benefits from an easement on another property...
17
Quitclaim deed
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
Dominant tenement

14. Which of the following best describes installment or land contract?
Tenants in common
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Lot and Block
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

15. One source of data for use in the comparable sales approach - is deed recordings. Which of the following is/are true?
Public utility and Both the City and County governments
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Time share
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value

16. Cecil hired a contractor to repair a sinking foundation. Unfortunately for the contractor - Cecil failed to pay for the completed work. Which of the following would incorrectly describe the likely events.
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
The Contractor puts a voluntary Lien on the home
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.

17. Which of the following major forces of influence on real estate value covers supply and demand of housing?
Zone A
Economic forces
does not give constructive notice
Taxation

18. Which of the following is a zoning classification for a subdivision that sets density limits and allows dwellings to be clustered?
Lot and Block
Tax Description
Economic forces
Pud

19. A loan that would be secured by the real property is called...
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Lease
Reliction
Mortgage

20. Reclamation is defined as...
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Leased fee
Public utility and Both the City and County governments
Any method for bringing wasted natural resources into productive use

21. 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?
Joint Tenants
Pud
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
17.5

22. In area analysis - some examples of political-governmental factors which influence the price of homes are...
Taxation
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
The Contractor puts a voluntary Lien on the home
Real estate Tax

23. A mortgage that has not been recorded or registered in the county in which the real estate is located...
Any method for bringing wasted natural resources into productive use
does not give constructive notice
Tax Description
Leasehold

24. 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...
Deed recordation
Joint Tenants
Direction
Leasehold

25. If a owner has a partial ownership or a lease for a specified amount of time - this would be called a...
Time share
Co-op
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Legal forces

26. For the past several years - high waters have been dumping substantial amounts of soil onto Doug's property. This event is known as...
Tenants in common
Illegal use
Public utility and Both the City and County governments
Accredition

27. What is the method of legal description that is used in subdivisions?
Lot and Block
Taxation - Eminent domain and Police power
Legal forces
Direction

28. The Smith's converted their garage into an apartment for an elderly relative without government approval. This would be an example of...
Illegal use
Deed recordation
Eminent domain
Police power and eminent domain

29. Which of the following can use the right of Eminent Domain?
Real estate
Deed recordation
Taxation
Public utility and Both the City and County governments

30. (Legal interest)The right to remove something from another's land such as minerals etc. is commonly called...
Profit
Real estate Tax
Express easement
The Contractor puts a voluntary Lien on the home

31. 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?
Co-op
Pud
Lease
Taxation

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?
The Contractor puts a voluntary Lien on the home
17.5
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
Reliction

33. When any interest possessed by the grantor is conveyed to the grantee - without any warranties this is called...
Direction
Tenants in common
Real estate Taxes
Quitclaim deed

34. Zoning regulations are concerned with...
Boundaries
The types and density of land use - the present and future use of land - and the frontage and size of building
Taxation
Leasehold

35. 'X' leased his property to 'Y' - who in turn sub-leased the property to 'Z'. Which of the following Statements is true.
17.5
Dominant tenement
The Landlord will receive his payments from Y the Lessee
Taxation

36. The recording of a deed that provides everyone with a notice that a valid conveyance has occurred is called...
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Economic forces
The Landlord will receive his payments from Y the Lessee
Deed recordation

37. The right of a government or its agent to expropriate private property for public use - with payment of compensation.
Taxation - Eminent domain and Police power
Eminent domain
Time share
Avulsion

38. Which of the following major forces of influence on real estate value covers zoning?
Renewal option
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Quitclaim deed
Legal forces

39. When the government has the right to levy taxes on real property this is called...
Taxation
Floating easement
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Taxation - Eminent domain and Police power

40. When a lease is created - the appropriate term for the tenant's benefit is...
Dominant tenement
Escheat
Leasehold
Real estate Tax

41. 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
Leased fee
The Contractor puts a voluntary Lien on the home
Zone A
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value

42. Public limitations on free exercise of private property are...
Taxation - Eminent domain and Police power
Leased fee
Illegal use
Escheat

43. What is the term that means 'going to the state'?
Floating easement
Deed recordation
Escheat
Quitclaim deed

44. 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
Illegal use
The types and density of land use - the present and future use of land - and the frontage and size of building
Pud
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement

45. immobile - heterogeneous and has long asset life?
17
Real estate Taxes
Accredition
Real estate

46. 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
Tenants in common
Avulsion
Reliction
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement

47. 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...
Encroachment
Pud
Tax Description
Time share

48. 'runs with the land' - easement that generally transfers automatically when the dominant estate is transferred.
Accredition
Joint Tenants
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
easement appurtenant

49. In site analysis - an appraiser needs a deed description to determine...
Boundaries
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
The Landlord will receive his payments from Y the Lessee
Renewal option

50. If a property tax rate is 1.7% of assessed value - what would the mill rate be?
17
Deed
Pud
easement appurtenant