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