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