Real Estate License Exam 1-50
A city ordinance stated that any commercial building needed to have adequate off street parking. This is accomplished under which government right? a. Police power. b. Escheat. c. Eminent domain. d. Taxation.
A
The zoning commission has the authority to zone under which government right? a. Escheat. b. Condemnation. c. Police power d. Eminent domain.
C
Which of the following rights would NOT have a limiting effect on one's ownership rights in real estate? a. Taxation. b. Police power c. Title insurance. d. Escheat.
C
Which of the following statements BEST describes the effect on mineral rights when the land is sold? a. They always pass with the sale of the land b. Mineral rights cannot be sold separately from the land c. They pass to the grantee unless specifically noted d. They belong to the federal government
C
Which of the following is NOT a fixture? a. Claw foot bathtub. b. Chandelier. c. Built-in dishwasher d. Above ground pool.
D
Which of the following items would not be an appurtenance? a. Right b. Privilege c. Improvement d. Reversion
D
A buyer made an offer on a house and the seller accepted the offer as written. The buyer wanted some of the seller's personal property to remain with the house. The personal property would transfer to the buyer under which of the following conditions? a. If it fits into a particular spot in the house b. If it was included in the contract c. If it was verbally stated by the listing broker d. If it was verbally agreed to between the seller and buyer.
B
A commercial tenant installed some display cases for fish in a leased space. Which of the following statements BEST describes what happens to the cases upon the expiration of the lease? a. The tenant would be able to take the cases only if the tenant paid the owner for the fair market value of the cases. b. The tenant would be able to take the cases as they were installed by the tenant. c. The owner would be able to keep the cases, as once the cases were installed, they became real property. d. The owner would be able to keep the cases, as they would be considered emblements.
B
The "quantity, nature and extent of a person's interest in real estate" BEST defines which of the following terms? a. Equity. b. Estate c. Estoppel d. Easement
B
The government, in taking private property to build a highway, is exercising which of the following rights? a. Police power b. Escheat c. Eminent domain d. Taxation.
B
The process of taking private land for public use is: a. Eminent domain b. Condemnation. c. Escheat d. Police power
B
Which of the following terms BEST describes an estate where the title does not pass back to the grantor? a. Reversion b. Remainder c. Tenants in common d. Severalty
B
