Real Estate Sales Person Multiple Choice questions
A property is advertised "with the use of the tennis courts". The "tennis court" is an example of: A. Amenities B. Adaption C. Appurtenance D. Encumbrances
A
Rights, benefits and improvements that go with the land are known as: A. Chattels B. Emblements C. Appurtenances D. Encumbrances
A
The term land refers to: A. The surface of the earth downward to the center and upward to infinity B. Minerals below the earth and all improvements C. Improvements put there by man D. The surface of the earth
A
A lease for a definite 30-day time would be: A. tenancy at will B. periodic tenancy C. tenancy for years D. tenancy at sufference
B
Adam grants a life estate to his mother. This life estate is based on the life of Adam's father. When Adam's father dies the estate goes back to Adam. While Adam's father is alive Adam's interest in the property would be a/an: A. Life Estate B. Reversioanry C. Remainder interest D. Life estate pur autre vie
B
Prior to offering his property for sale, skinflint removed the commodes from the bathrooms. Was he within his legal rights to do this? A. Yes, because they were personal property B. Yes, because he removed them before he offered the property for sale C. No, because they were fixtures D. No, because they were attached to the property
B
The type of survey system that references degrees is known as: A. plat of subdivision B. metes and bounds C. horizontal property plan D. rectangular survey system
B
A tenant in a commercial building installed a large sign, which was anchored. This would be considered a: A. fixture B. chattel real C. trade fixture D. real property
C
An artificial legal entity, created by state laws, that may own property in severalty, is known as a: A. cooperative B. condominium C. corporation D. REIT
C
Joint tenancy has all of the characteristics except which of the following? A. interest, time, title, and possession B. joint tenants have equal right of possession C. heirs of joint tenants retain a survivorship interest D. joint tenants receive their interest by the same document
C
Ownership of real estate is often described as a "bundle of legal rights". These rights could include: A. Mineral rights, air rights, water rights, right to make any improvements one desires B. Possession, leasing, absolute control, disposition C. Mineral rights, air rights, water rights, possession, leasing, control, disposition D. Emblements, chattel real, trade fixtures, personal property
C
Sally and Mickey plan to buy a home together but want to will their property to their own children from previous marriages. They should hold title as: A. joint tenants B. tenants by entirety C. tenants in common D. tenants in severalty
C
What is the most significant test of whether an item has become a fixture? A. cost of the item B. Intent of parties C. method of attachment D. Adaptability of the item to the property use
C
Which of the following items is classified as chattel real? A. fence B. furniture C. mortgage D. mobile home
C
Which of the following items is most likely considered to be personal property? A. fences B. water rights C. four claw bathtub D. above ground swimming pool
C
All of the following are true concerning improvements except which one? A. Improvements may cost money B. An improvement to a property would ordinarily increase its value C. An improvement to one property may not improve an adjoining property D. The improvements of one property would almost always increase adjoining properties
D
During the term of the lease, the lessor hold what interest? A. leasehold B. possession C. remainder D. reversionary
D
Each of the following is a freehold estate except which one? A. a life estate B. fee simple C. a life estate pur autre vie D. a lease for 50 years on a hunting lodge
D
It is important to be able to distinguish between real and personal property. All of the following are real property except which one? A. Air space over a city airport B. A building attached to the land C. A decorative bush planted in the front yard D. Gas pumps used by a tenant in a business
D
There are four criteria for determining if an item is a fixture which include: A. intent, attachment, method, agreement B. method, intent, annexation, adaption C. intent, method, annexation of article, agreement of parties D. intent, method of attachment, adaption, agreement of parties
D
When the lessee dies which of the following leasehold estates comes to an end? A. tenancy at will B. holdover tenant C. periodic tenancy D. tenancy for term
D
Which of the following is an example of a leasehold estate? A. fee simple B. condition precedent C. contingent remainder D. tenancy for years
D
Which type of business entity must generate at least 75% of the income from real estate: A. syndicate B. corporation C. limited partnership D. Real Estate Investment Trust (REIT)
D
