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