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