Ch. 26 book examples LGS

The process of examining public records to determine if there are any claims on a piece of real property before its ownership is transferred is equivalent to an examination for: a. defects of title b. recording statutes. c. warranty of habitability. d. leasehold interests.

a. defects of title

If an individual owns a piece of property and has the unlimited authority to use and sell the property, they: a. own the property in fee simple absolute. b. have a life estate. c. have a concurrent interest. d. have a remainder interest.

a. own the property in fee simple absolute.

Land burdened by an easement is called: a. the licensed estate. b. the servient estate. c. a profit. d. the dominant estate.

b. the servient estate.

In most states, the implied warranty of habitability applies to: a. when defects are not obvious. b. all homes. c. homes with values over $250,000. d. new homes.

d. new homes.

Which of the following are common law requirements for transfer of title by adverse possession? Choose 3 answers. a. Possession must be actual and exclusive. b. Possession must be open, visible, and not secret. c. Possession must be continuous for 35 years. d. Possession must be hostile, against the true owner's wishes.

a. Possession must be actual and exclusive. b. Possession must be open, visible, and not secret. and d. Possession must be hostile, against the true owner's wishes.

Methods for transferring title to real estate include: a. by sale, by gift, through a will, through adverse possession, and through eminent domain. b. by sale, through a will, by default, and through adverse possession. c. by sale, by gift, through a will, through bankruptcy, and through eminent domain. d. by sale, by gift, by theft, and through eminent domain.

a. by sale, by gift, through a will, through adverse possession, and through eminent domain.

Which of the following would be a breach of the implied warranty of habitability in a new home? (Choose 2 answers.) a. The incorrect paint color as specified by the buyer in the sales contract b. A non-functional furnace installed in a home in a cold climate c. Un-remediated mold growth caused by the builder's failure to properly waterproof the basement d. A non-functional fireplace installed in a home in a warm climate

b. A non-functional furnace installed in a home in a cold climate and c. Un-remediated mold growth caused by the builder's failure to properly waterproof the basement

The process of dividing land in a municipality into geographical areas in which certain land uses are permitted or prohibited is called: a. variance. b. zoning. c. restrictive covenant. d. eminent domain.

b. zoning.

Which of the following is an example of a fixture? a. a refrigerator in the kitchen of a house b. a television that is attached to a wall bracket c. cabinets attached to the wall of a garage d. a child's swingset that is in the backyard of a house

c. cabinets attached to the wall of a garage

Signing an 18-month lease on a two-bedroom townhouse with a monthly rent of $900 creates a: a. periodic tenancy. b. tenancy at will. c. fixed-term tenancy. d. tenancy by the entirety.

c. fixed-term tenancy.

A landlord's right in property that he has leased to a tenant is called a: a. fee simple estate. b. leasehold interest. c. reversionary interest. d. life estate.

c. reversionary interest.

Which is the correct definition of "marketable title"? a. The title to the property is being sold in a publicly advertised real estate market. b. The mortgage for this title is eligible for refinancing. c. The price of the property is a good value for the buyer. d. The grantor (seller) of the property has ownership of the property free from undisclosed encumbrances and free from defects.

d. The grantor (seller) of the property has ownership of the property free from undisclosed encumbrances and free from defects.

Which of the following is true about easements appurtenant? a. They benefit a particular person as opposed to the land. b. They "run with the land." c. They give a person authority to remove something from the land of another. d. They are temporary.

b. They "run with the land."

Which of the following are typical designations used in zoning ordinances? Choose 3 answers. a. governmental b. commercial c. industrial d. residential

b. commercial c. industrial d. residential

When a tenant is allowed to remain in possession of the residence after the expiration of a fixed-term tenancy by continuing to pay monthly rent, the tenancy has become a: a. periodic tenancy. b. tenancy for months. c. tenancy at will. d. tenancy at sufferance.

a. periodic tenancy.