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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. The right of a government or its agent to expropriate private property for public use - with payment of compensation.
Time share
The types and density of land use - the present and future use of land - and the frontage and size of building
Eminent domain
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
2. Which is the superior lien?: First Mortgage - IRS Tax Lien - merchants lien - Real estate Taxes
Real estate Taxes
Time share
Direction
Leased fee
3. What is the term that means 'going to the state'?
Direction
Escheat
Profit
Police power
4. Which of the following can use the right of Eminent Domain?
Leased fee
Lease
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Public utility and Both the City and County governments
5. 'runs with the land' - easement that generally transfers automatically when the dominant estate is transferred.
Real estate Taxes
easement appurtenant
Deed
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
6. In which flood hazard boundary map is the greatest hazard?
Boundaries
Zone A
Police power and eminent domain
Accredition
7. (Legal interest)The right to remove something from another's land such as minerals etc. is commonly called...
The types and density of land use - the present and future use of land - and the frontage and size of building
Profit
Encroachment
The Landlord will receive his payments from Y the Lessee
8. Which of the following would be included in the 'public limitations on real estate ownership'?
Police power and eminent domain
Avulsion
Tenants in common
Dominant tenement
9. The recording of a deed that provides everyone with a notice that a valid conveyance has occurred is called...
Avulsion
Real estate
Deed recordation
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
10. In site analysis - an appraiser needs a deed description to determine...
Eminent domain
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
Boundaries
does not give constructive notice
11. Public limitations on free exercise of private property are...
Floating easement
Taxation - Eminent domain and Police power
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Encroachment
12. 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
Direction
Zone A
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
Avulsion
13. For the past several years - high waters have been dumping substantial amounts of soil onto Doug's property. This event is known as...
Accredition
Mortgage
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
17
14. A loan that would be secured by the real property is called...
Renewal option
Mortgage
Lot and Block
17.5
15. 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 ___
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Tax Description
Pud
Lease
16. One source of data for use in the comparable sales approach - is deed recordings. Which of the following is/are true?
Express easement
Taxation - Eminent domain and Police power
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.
17. Zoning regulations are concerned with...
Eminent domain
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
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
The types and density of land use - the present and future use of land - and the frontage and size of building
18. Which of the following would not be considered a commonly accepted form of a 'Legal Description'?
Tax Description
Public utility and Both the City and County governments
Deed recordation
Eminent domain
19. 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
Leased fee
Any method for bringing wasted natural resources into productive use
Tenants in common
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
20. When the government has the right to levy taxes on real property this is called...
Leased fee
Tax Description
Taxation
Accredition
21. 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
Dominant tenement
Renewal option
17.5
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
22. 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?
Taxation
Tax Description
The types and density of land use - the present and future use of land - and the frontage and size of building
Co-op
23. The recording of a deed that provides everyone with a notice that a valid conveyance has occurred is called...
Quitclaim deed
Deed recordation
Tax Description
Tenants in common
24. When a lease is created - the appropriate term for the tenant's benefit is...
Leasehold
Taxation
Real estate
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
25. In the term 'Metes and Bounds' - what does the word 'Bounds' mean?
Eminent domain
The Landlord will receive his payments from Y the Lessee
Direction
Real estate Taxes
26. When the government regulates the land use for the good of the public - this is called...
Quitclaim deed
Dominant tenement
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Police power
27. 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...
Eminent domain
Economic forces
Encroachment
Real estate
28. immobile - heterogeneous and has long asset life?
The River Real esatate tycoons dominat tenement was destroyed with the Bayou Burger joint.
Real estate
Any method for bringing wasted natural resources into productive use
Tenants in common
29. 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
does not give constructive notice
Renewal option
Encroachment
30. When a lease is created - the appropriate term for the owner's benefit is...
Leased fee
Any method for bringing wasted natural resources into productive use
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
Co-op
31. 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.
Lot and Block
Zone A
Leased fee
Express easement
32. Which of the following is a zoning classification for a subdivision that sets density limits and allows dwellings to be clustered?
Public utility and Both the City and County governments
Quitclaim deed
Pud
Accredition
33. 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?
17.5
does not give constructive notice
Pud
17
34. 'X' leased his property to 'Y' - who in turn sub-leased the property to 'Z'. Which of the following Statements is true.
does not give constructive notice
Tax Description
Real estate
The Landlord will receive his payments from Y the Lessee
35. 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
Recorded deeds contain information on the legal description - date of transfer - grantor - grantee - encumbrances and deed restrictions.
The River Real esatate tycoons hold the Dominant tenement and Bayou Burger joint holds the Servient tenement
Avulsion
Renewal option
36. What is the method of legal description that is used in subdivisions?
Tax Description
Real estate Taxes
does not give constructive notice
Lot and Block
37. Which of the following major forces of influence on real estate value covers supply and demand of housing?
Pud
Economic forces
easement appurtenant
Deed recordation
38. 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.
The Contractor puts a voluntary Lien on the home
Quitclaim deed
Using the principle of Chattel - The appraiser did not include the washer and furniture in the final estimate of value
Leased fee
39. Reclamation is defined as...
The types and density of land use - the present and future use of land - and the frontage and size of building
Any method for bringing wasted natural resources into productive use
Deed
Real estate Tax
40. A mortgage that has not been recorded or registered in the county in which the real estate is located...
Leasehold
Dominant tenement
does not give constructive notice
Eminent domain
41. Which is the superior lien?
Floating easement
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
Real estate Taxes
42. Which of the following best describes installment or land contract?
Real estate Tax
Reliction
Taxation
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
43. If a property tax rate is 1.7% of assessed value - what would the mill rate be?
Leasehold
does not give constructive notice
17
Public utility and Both the City and County governments
44. 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 ___
Leasehold
Profit
Deed
Leased fee
45. When any interest possessed by the grantor is conveyed to the grantee - without any warranties this is called...
Quitclaim deed
Boundaries
Economic forces
Zone A
46. 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?
Tenants in common
does not give constructive notice
17.5
Reliction
47. If a owner has a partial ownership or a lease for a specified amount of time - this would be called a...
Taxation - Eminent domain and Police power
Encroachment
Real estate Tax
Time share
48. A lien that would usually take priority would be which of the following: Judgement - Real estate Tax - Mechanics Lien - Mortgage?
Pud
Access to Police and Fire protection - Access to recreation and schools - Planning Zoning - and Subdivision rights
Real estate Tax
Quitclaim deed
49. 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.
Leased fee
Illegal use
Avulsion
Reliction
50. (an) Esement defined in general terms - without a definite location or description
Renewal option
Real estate Taxes
Express easement
Floating easement