Real Estate Principles Unit 5 Encumbrances

The homestead exemption for a homeowner who is a member of a family unit is at least A. $175,000 B. $150,000 C. $125,000 D. $100,000

$100,000

The homestead exemption for a single person is at least A. $175,000 B. $100,000 C. $75,000 D. $50,000

$75,000

A mechanic's lien can be filed by A. A laborer B. A tenant C. An advertiser D. A customer

A laborer

A notice of completion should be filed within: A. 20 days after completion of the work of improvement B. 10 days after completion of the work of improvement C. 20 days after work stops D. 10 days after supplies have been received

10 days after completion of the work of improvement

Generally, the action to enforce a mechanic's lien claim must be filed within how many days after the lien is recorded? A. 30 days B. 60 days C. 90 days D. 120 days

90 days

A notice of non responsibility would protect an owner from A. Foreclosure B. An eviction C. A mechanics lien D. Trespassers

A mechanics lien

A cloud on the title is A. Not important B. Easily remedied C. No impediment to a property sale D. A possible impediment to a property sale

A possible impediment to a property sale

A mechanics lien requires A. A deed B. A promissory note C. Preliminary notice D. A servient tenement

A promissory notice

A prohibition in a deed against a property use is known as A. A restriction B. Easement C. Condition D. Encroachment

A restriction

Which is NOT a mechanic? A. An engineer B. An architect C. An apartment lessor D. An equipment lessor

An apartment lessor

The right of an owner of a parcel of land to travel over an adjoining parcel of land is known as A. A restriction B. An easement C. A covenant D. An encroachment

An easement

The right to use adjacent land to go to and from a roadway is A. An encroachment B. An easement C. A restriction D. A condition

An easement

George does not own any land but has an easement over Al's and Betty's property to go down to the river. George has A. An easement by necessity B. An easement by implication of law C. An easement in gross D. An encroachment

An easement in gross

Marilyn's 40 acre tract, purchased from Alan, is landlocked, which means that she... A. Has to enter it by helicopter B. Has an easement in gross over any land she chooses C. Has an easement by implication of law over any land she chooses D. Can get an easement by necessity over Alan's adjoining parcel

Can get an easement by necessity over Alan's adjoining parcel

a promise by a property owner not to do something is called a A. Covenant B. Prescription C. Restriction D. Restraint of alienation

Covenant

A family unit is A. Defined by law B. Limited in size C. Limited to the relatives of one's spouse D. At least three people

Defined by law

When a landlord has the right to travel over the property of an adjoining landowner, the property that benefits from the easement right is called the A. Dominant tenement B. Servient tenement C. Life tenant D. Tenant at will

Dominant tenement

An improvement that extends into an adjacent Property without permission is an A. Easement B. Avulsion C. Encumbrance D. Encroachment

Encroachment

Liens and judgements are A. Encumbrances B. Encroachment C. Easements D. Void on homestead property

Encumbrances

liens are classified as A. Write of attachment B. Encumbrances C. Easements D. Encroachments

Encumbrances

If unauthorized work is being done, a property owner can: A. File a preliminary notice B. File a notice of cessation C. Allow the job to be completed and then refuse to pay D. File a notice of nonresponsibility

File a notice of nonresponsibility

Which of the following could not file a mechanics lien? A. Contractor B. Equipment lessor C. Architect D. Home improvement lender

Home improvement lender

The maximum homestead exemption may be claimed by an homeowner who is: A. A member of the family unit B. Older than 65 years of age C. Married D. Single

Older than 65 years of age

A condition that would prohibit a property owner from transferring title to the property is known as A. Restraint on alienation B. Writ of attachment C. Restriction D. Judgement

Restraint on alienation

Betty's property includes easement over Al's land. Betty's property is A. The dominant tenement B. The servient tenement C. The easement D. The encroachment

The dominant tenement

Al sold blackacre to Betty, giving her an easement over whiteacre. Years later, al bought blackacre back from Betty. What effect did his purchase have on the easement? A. The easement stayed with Betty B. The easement is owned by Al C. The purchase terminated the easement D. The purchase had no effect on the easement

The purchase terminated the easement

Betty's property includes an easement over Al's land. Al's property is A. The dominant tenement B. The servient tenement C. The easement D. The encroachment

The servient tenement

A notice of cessation is appropriate A. When the work has been stopped for 30 days B. When improvement is complete C. At any time after the work is substantially finished D. After work has been stopped for a number of days

When the work has been stopped for 30 days

When required, preliminary notice of right to file a mechanics lien should be given A. 90 days after notice of completion B. 60 days after notice of completion C. Within 10 days of the starting time D. Within 20 days of the starting time

Within 20 days of the starting time

The sherif is directed to sell property by A. A writ of attachment B. A writ of execution C. A satisfaction D. A release

Writ of execution