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