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