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