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