Realestate Practice Quiz Questions

Each of the following is a test of whether or not something is a fixture, EXCEPT: a. Method of attachment. b. Adaptability. c. Cost. d. Relationship of the parties.

Cost

Real property would include: a. Fixtures. b. Each of these choices. c. Air space. d. Mineral rights.

Each of these choices

Littoral rights is a term referring to all water rights. a. True b. False

False

A couple is interested in buying a house that has an odd shaped living room. The current owners had a custom-made, free-standing bookcase built to specifically fit into one part of the room. "The buyer believes this is a fixture because it is uniquely adapted to this specific room. The seller believes this is not a fixture because it is free-standing. To avoid any misunderstandings, what should the listing licensee do?" a. Assure the seller that there is nothing to worry about. b. Include a provision in the agreement of sale (and listing contract) that states whether the bookcase is included with the sale or not. c. Assure the buyer that there is nothing to worry about. d. file an interpleader action in court.

Include a provision in the agreement of sale (and listing contract) that states whether the bookcase is included with the sale or not.

A prospective buyer noticed an ornate flag pole attached to the front porch of the house she wants to purchase. She wants to make certain that the flag pole is included in the sale. What should the agent do? a. Because the pole is attached and will automatically convey b. Call the seller and advise them the buyer wants the pole c. Include the flag pole in the offer to purchase d. Photograph the flag pole as evidence of its attachment

Include the flag pole in the offer to purchase

Mineral rights: a. Are considered to be personal property. b. Always pass with the land. c. Cannot be sold separately from the land. d. Pass with the land, unless otherwise specified in the deed.

Pass with the land, unless otherwise specified in the deed.

Surface rights consist of only the right to control, occupy, and use the surface area of a parcel of real estate. a. True b. False

This statement is false. It includes the enjoyment of improvements and growing crops as well.

In determining whether an item is a fixture, which of the following would NOT be considered? a. Method of attachment. b. Adaptation to the real estate. c. Value of the item. d. Legal interest of the annexing party.

Value of the item.

A cloud on a title could be removed by: a. A quitclaim deed. b. A covenant of seizen. c. A suit for specific performance. d. An injunction.

a. A quitclaim deed.

Owner Kelly is leaving the area for a one year period. She asks salesperson Boren to manage her rental house for $45 per month while she is gone. Which of the following is true in this situation? a. Boren must work through her broker. b. Boren must put the $45 in an interest bearing escrow account. c. This is OK because the compensation is less than $1,000. d. This is OK because the time element is not more than one year.

a. Boren must work through her broker.

A trade fixture: a. Can be affixed to real property without becoming a legal part of the property b. When affixed to a real property becomes an improvement c. Automatically conveys with real property when sold d. Cannot be removed

a. Can be affixed to real property without becoming a legal part of the property

A trade fixture: a. Can be affixed to real property without becoming a legal part of the property. b. When affixed to a real property becomes an improvement. c. Automatically conveys with real property when sold. d. Cannot be removed.

a. Can be affixed to real property without becoming a legal part of the property.

A subdivider puts a requirement in all of the deeds to properties in a subdivision requiring specified setback requirements stating how close the improvements can be built to each side of the property. This would be an example of a(n): a. Deed restriction. b. Encroachment. c. Easement. d. Building code.

a. Deed restriction.

Fructus industriales is another term for: a. Emblements. b. Easements. c. Appurtenances. d. Trade fixtures.

a. Emblements.

Commercial property includes all but which of the following? a. Farm. b. Office buildings. c. Restaurants. d. Vacant land suitable for commercial development.

a. Farm.

Commercial property includes all but which of the following? a. Horse ranch. b. Office buildings. c. Restaurants. d. Vacant land suitable for commercial development.

a. Horse ranch.

The least accurate method of legal description is the: a. Monuments method. b. U.S. Government Rectangular Survey method. c. Recorded plat. d. Metes and bounds method.

a. Monuments method.

All are involuntary methods of conveying property EXCEPT: a. Quitclaim deed. b. Escheat. c. Condemnation. d. Adverse possession.

a. Quitclaim deed.

Each of the following entities has the power of eminent domain, EXCEPT: a. Religious schools. b. Railroads. c. Public utilities. d. School districts.

a. Religious schools.

All of the following are considered to be physical "characteristics" of land EXCEPT? a. Situs. b. Immobility. c. Heterogeneity. d. Indestructibility.

a. Situs.

A bill of sale is to personal property as a deed is to real property. a. True b. False

a. True

An abstract of title is a full summary of the title history, with a statement of all recorded liens and encumbrances. a. True b. False

a. True

Both the parcel of land beneath the air lot and the elevation of the air lot are described for air lots. a. True b. False

a. True

Community property is a statutory estate. a. True b. False

a. True

Fee simple title can be held in a trust. a. True b. False

a. True

Most incorporated cities and counties in the United States have land records. a. True b. False

a. True

Stocks, bonds, notes, and mortgages are personal property. a. True b. False

a. True

Which of the following is NOT an encumbrance that affects property physically? a. mechanic's liens b. deed restrictions c. encroachments d. Both mechanic's liens and deed restrictions.

a. mechanic's liens

Powers of the federal government include all of the following EXCEPT: a. the right to impose a tax lien for unpaid real property taxes. b. the right to condemn property for the public good. c. the right to file liens for unpaid income taxes. d. the right to impose a tax lien for unpaid estate taxes.

a. the right to impose a tax lien for unpaid real property taxes.

If a person owns a square parcel of land that is 1 mile on each side, the person owns how many acres? a. 1,000. b. 640. c. 500. d. 320.

b. 640 The question describes a section, which would contain 640 acres. The correct answer is: 640.

Personal property which is attached to a building and which will convey with the land is known as: a. A chattel. b. A fixture. c. A lien. d. Nonconforming use.

b. A fixture.

A real estate license of some kind would be required by each of the following individuals, EXCEPT: a. An individual who locates tenants for a property in return for a fee from the landlord. b. A homeowner selling his or her personal residence. c. An individual who only works with buyers looking to purchase a residence and who is compensated only by those buyers. d. An individual who negotiates options to purchase properties for clients in return for a fee.

b. A homeowner selling his or her personal residence.

When supply is down and demand is up, that is known as: a. A buyer's market b. A seller's market c. A stable market d. A recession

b. A seller's market

An estate that may be terminated by any party at any time is an estate: a. For years b. At will c. In possession d. In termination

b. At will

A salesperson represents the: a. Seller b. Broker c. Buyer d. Lender

b. Broker

The process used to take property by the government when needed for a public use is known as: a. Eminent domain. b. Condemnation. c. Escheat. d. Allodial system.

b. Condemnation.

The term "alienation" most directly refers to: a. Foreclosure. b. Conveyance of property. c. Ownership. d. Chain of title.

b. Conveyance of property.

A hospital is a commercial property. a. True b. False

b. False

An industrial park is commercial property. a. True b. False

b. False

Combining two or more contiguous parcels real estate into a single parcel is known as plottage. a. True b. False

b. False

Land cannot be legally described by referring to other publicly recorded documents. a. True b. False

b. False

Our free enterprise system is free from government economic controls. a. True b. False

b. False

Personal property is immovable. a. True b. False

b. False

Public property includes property owned by churches. a. True b. False

b. False

Restrictive covenants are not encumbrances against property. a. True b. False

b. False

The word "fee" means possession. a. True b. False

b. False

You could sue a municipal fire department for damaging your building in the process of putting out a fire. a. True b. False

b. False

The highest form of freehold estate one can hold in real property is a: a. Conditional fee estate. b. Fee simple estate. c. Fee simple defeasible estate. d. Life estate.

b. Fee simple estate.

The largest "bundle of rights" to real estate is a... a. Remainder estate. b. Fee simple estate. c. Life estate d. Homestead estate.

b. Fee simple estate.

Which of the following is NOT a leasehold estate? a. Estate at will b. Life Estate c. Estate at sufferance d. Estate for years

b. Life Estate

Title to a property which is free from reasonable doubt as to who is the owner is called: a. Clear title. b. Marketable title. c. Clean title. d. Color of title.

b. Marketable title.

Boundary markers of land, either natural or man-made, are: a. Benchmarks. b. Monuments. c. Liens. d. Metes.

b. Monuments.

The actual amount of money paid for a particular parcel of real estate is said to be that property's: a. Value. b. Price. c. Market value. d. Settlement value.

b. Price.

If title to real property will pass to someone, other than the grantor, upon termination of an estate, the interest held by the person who will receive the property has a: a. Reversionary interest. b. Remainder interest. c. Equitable interest. d. Ostensible interest.

b. Remainder interest.

Two real estate developers are working on similar but competing commercial developments. Both projects are finished at approximately the same time and are of similar quality and purpose. Which of the following would most likely characterize the reasons that one succeeds while the other fails? a. Supply and demand. b. Situs. c. Plottage value. d. Nonhomogeneity.

b. Situs.

Two unrelated persons own a property together. These owners could will their ownership share to their heirs if title was held in: a. Joint tenancy only. b. Tenancy in common only. c. Both joint tenancy and tenancy in common. d. Neither joint tenancy nor tenancy in common.

b. Tenancy in common only.

There are three owners of a property. They own 10%, 20% and 70% respectively. What type of ownership do they have? a. Joint tenancy. b. Tenancy in common. c. Tenancy by the entireties. d. Ownership in severalty.

b. Tenancy in common.

The most complete type of estate in real property is a: a. remainder estate. b. fee simple estate. c. life estate. d. homestead estate.

b. fee simple estate.

Which is NOT an inherent title right? a. possession b. right to have a pig farm c. occupancy d. use

b. right to have a pig farm

Ana owns a lot that contains 27 acres and is 972' wide. If she buys an adjacent lot that has the same depth but is only 648' wide, how many total acres of land will she own? a. 18 b. 27 c. 45 d. 52

c. 45 (Explained) 27 x 43,560 = 1,176,120 sq. ft. 1,176,120 / 972 = 1,210 depth of lot 1. 648 x 1,210 = 784,080 sq. ft. 784,080 / 43,560 = 18 acres + 27 = 45.

Merging two or more properties into common ownership is known as _____, while any increase in value that results is known as _____. a. Progression; regression b. Plottage; assemblage c. Assemblage; plottage d. Situs; production

c. Assemblage; plottage

Sam has obtained his broker's license but is not functioning in a supervisory capacity. Instead, he is acting in the capacity of a salesperson. Sam is a(n): a. Principal Broker b. Salesperson c. Associate Broker d. None of these choices

c. Associate Broker

Sam has obtained his broker's license but is not functioning in a supervisory capacity. Instead, he is acting in the capacity of a salesperson. Sam is a(n): a. Principal Broker. b. Salesperson. c. Associate Broker. d. None of these choices.

c. Associate Broker.

The legal process of "tacking" relates to an adverse possession claim under: a. Eminent domain. b. Descent and distribution. c. Color of title. d. Assemblage.

c. Color of title.

A developer is considering construction of a new subdivision in a rural area on a very hilly tract of land. What type of map will be most beneficial to the developer in making his decision to build? a. Elevation. b. Plat. c. Contour. d. Flood plain.

c. Contour.

Which of the following is NOT an improvement of land? a. Building. b. Sidewalk. c. Corn crop. d. Flower bed.

c. Corn crop.

Condemnation is the means by which the state exercises its power of: a. Eviction. b. Estoppel. c. Eminent domain. d. Escheat.

c. Eminent domain.

Bob owns a home. He has a son who is financially irresponsible and Bob is concerned that the son would sell the house and end up leaving nothing to Bob's granddaughter. Bob gives a life estate in the home to his son. Upon the death of the son, the property will go the granddaughter. The granddaughter holds what type of estate while her father (Bob's son) is still alive? a. Fee simple. b. Estate in reversion. c. Estate in remainder. d. Fee simple defeasible.

c. Estate in remainder.

Jones, Smith, and Williams own property as joint tenants. Which of the following is true? a. If Jones dies, Smith and Williams will own property as tenants by the entireties. b. If Jones dies, Smith and Williams will own the property as tenants in common. c. If Jones and Smith die, Williams will own the property in severalty. d. If any one of the owners die, the property goes to the heirs of the deceased owner

c. If Jones and Smith die, Williams will own the property in severalty.

Joe Moocher found an abandoned farm, moved in, and notified the owner of his possession and use of the property. Which of the following actions would allow Joe to file an adverse possession claim? a. If the owner gives Joe permission to stay on the property. b. If the owner serves Joe with a legal notice ordering him to leave. c. If the owner does nothing. d. If Joe pays the owner rent.

c. If the owner does nothing.

Which of the following best describes ownership in severalty? a. Several persons own one piece of real property. b. One person owns several pieces of real property. c. One person alone owns real property. d. Property owned by several members of the same family.

c. One person alone owns real property.

Barney owns a lot valued at $84,000. He purchases an adjoining lot for $66,000 and merges the two properties. The current appraised value of the newly formed lot is $177,500. This is an example of: a. Accretion b. Avulsion c. Plottage d. Hypothecation

c. Plottage

Barney owns a lot valued at $84,000. He purchases an adjoining lot for $66,000 and merges the two properties. The current appraised value of the newly formed lot is $177,500. This is an example of: a. Accretion. b. Avulsion. c. Plottage. d. Hypothecation.

c. Plottage.

Ownership as tenants in common and ownership as joint tenants have only one thing in common, aside from the fact that there is more than one party involved in each. What is the only common element in these two types of ownership? a. Time. b. Interest. c. Possession. d. Title.

c. Possession.

Mr. Jones has been out of the country on business. During this period of time his lease with his tenant, Smith, expired. Smith did not renew his lease, but continues to live in his apartment without the consent of Jones. Mr. Smith is considered to be: a. Tenant at will. b. Periodic tenant. c. Tenant at sufferance. d. Tenant in default.

c. Tenant at sufferance.

A court action to remove a cloud from the title is called an action or suit: a. For specific performance. b. For title insurance. c. To quiet title. d. Of legal injunction.

c. To quiet title.

Which of the following in NOT automatically included in the sale of real property? a. An easement. b. Plumbing fixtures. c. Trade fixtures. d. Built-in kitchen appliances.

c. Trade fixtures.

Which of the following is NOT a private limitation on title? a. liens b. deed restrictions c. eminent domain d. encroachments

c. eminent domain

Which is NOT a cloud on title? a. a valid first mortgage b. a recorded contract for deed under which the buyer has defaulted but the contract has not been removed c. lack of a recorded certificate of title insurance d. a recorded mortgage that has been paid in full but not released

c. lack of a recorded certificate of title insurance

A tenancy in severalty exists when... a. husband and wife own property together. b. any related persons hold real estate together. c. one person owns real estate. d. the tenant has the right to sublet.

c. one person owns real estate.

A parcel of land described as the S½ of the NW¼ of the NE¼ of Section 12, T2N, R4E would contain how many acres? a. 160 b. 80 c. 40 d. 20

d. 20

A parcel of land that is 36 miles square would contain how many townships? a. 1 b. 4 c. 16 d. 36

d. 36

Which of the following are encumbrances on real property? a. easements. b. liens. c. deed restrictions. d. All of these choices.

d. All of these choices.

Which of the following is NOT an economic control on the free enterprise system? a. Power of taxation. b. Control of the money supply. c. Granting of tax shelters or tax credits to spur investments. d. Allowing voters to decide by referendum if they want a bond issue to pay for a new school.

d. Allowing voters to decide by referendum if they want a bond issue to pay for a new school.

Which of the following is NOT recognized as personal property? a. A lease. b. A mortgage that secures personal property. c. Cattle and horses. d. An easement.

d. An easement.

Three people bought a property together as joint tenants. Two of them have died. The surviving owner now owns the property: a. As sole joint tenant. b. Together with the heirs of the deceased owners. c. In tenancy by the entireties. d. As tenant in severalty.

d. As tenant in severalty.

The merging of adjacent properties into one of common ownership or usage is known as: a. Annexation. b. Abutment. c. Marshaling. d. Assemblage.

d. Assemblage.

Which of the following would be classified as a fixture? a. Furniture b. Attached garage c. Free standing closet d. Ceiling fan

d. Ceiling fan

Which of the following does NOT reflect current real estate market conditions? a. Increase in building permits. b. Decrease in deed recordings. c. Increase in mortgage recordings. d. Decrease in divorce filings.

d. Decrease in divorce filings.

The right of a city government to take title to private property for public improvements is derived from the city's right of: a. Adverse possession. b. Police power. c. Condemnation. d. Eminent domain.

d. Eminent domain.

Meredith "fell in love" with and made an offer to purchase a beautiful Cape Cod style house. When she learned that the seller had accepted her offer, she was so happy that she agreed to pay the selling agent an extra commission for her effort. How will the sales agent receive her "extra" commission, when the sale is consummated? a. From the buyer b. From the seller and buyer as agreed c. From the settlement attorney handling the closing d. From her employing broker

d. From her employing broker

The length of the front of a lot along a street is referred to as the: a. Right of way. b. Township line. c. Setback. d. Frontage.

d. Frontage.

If a husband or a wife is the sole owner of real property, he or she owns the property: a. As a tenant in common. b. As a tenant by the entireties. c. As a joint tenant. d. In severalty.

d. In severalty

Of the given choices, the best way to describe an irregularly shaped parcel is: a. Government survey b. Geodetic survey c. Constant survey d. Metes and bounds

d. Metes and bounds

Samuel is interested in purchasing a parcel of land and wants to examine any recorded documents relating to this parcel of land. Samuel may do this with authorization from: a. The current owner. b. The civil court having jurisdiction. c. A magistrate. d. No one.

d. No one.

Public property includes all but the following: a. Public parks. b. Public schools. c. Public libraries. d. Private campgrounds.

d. Private campgrounds.

Which of the following is not considered a legal description? a. Metes and bounds. b. Lot and block. c. Government method of survey. d. Street address, city, state and zip code.

d. Street address, city, state and zip code.

Each of the following statements about title is true, EXCEPT: a. A seller who has title which is reasonably free from doubt has marketable title. b. A seller who has color of title has a defect against the title. c. The chain of title is the history of conveyance and encumbrances of the property. d. The Torrens System is the most common method of recording title in the United States.

d. The Torrens System is the most common method of recording title in the United States.

When a metes and bounds survey is used as the legal description of property, the word metes refers to: a. Monuments b. Areas twenty-four miles square c. Parallel lines that run north and south d. The length in inches, feet or yards of a property line

d. The length in inches, feet or yards of a property line

Property held in joint tenancy passes to the ______ upon the death of one of the owners. a. landlords b. state c. heirs of the deceased d. surviving owners

d. surviving owners