Section 1 Practice Questions

A legal land description must a) be sufficient to identify the property b) carrry measurements to the nearest inch c) show the area of the land being described d) contain an informal reference

a

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

All of the following are considered to be physical characteristics of land EXCEPT a) situs b) immobility c) heterogeneity d) indestructibility

a

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

Fructus Industriales is another term for a) emblements b) easements c) appurtenances d) trade fixtures

a

Industrial property includes all but the following: a) parking lots b) warehouses c) factories d) utility plants

a

Residential property is composed primarily of a) single-family homes b) apartment buildings, no matter how large c) commercial buildings that may have a landord's private apartment d) a cattle ranch that has a sleeping room in a barn

a

The accumulation of soil on an owner's property caused by the movement of water is known as a) Accretion b) Riparian C) Assemblage D) Annexation

a

The characteristic that distinguishes personal property from real property is a) mobility b) scarcity c) durability d) flexibilty

a

The property description method utilizing length measurement,. compass direction and markers is called: a) metes and bounds b) rectangular survey c) lengths and direction d) lot and block

a

When the action of water causes moves soil away from a property, that is referred to as a) Erosion b) Accretion c) Heterogeneity d) Assemblage

a

Which contains enough different measurements to provide the most accurate physical description of an irregularly shaped parcel of land a) metes and bounds b) rectangular survey c) subdivision lot and block d) government survey

a

Which of the following is an economic characteristic of land? a) Investment permanence b) Immobility c) indestructible d) Uniqueness

a

A real estate license of some king 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 fro clients in return for a fee

b

All of the following are true about trade fixtures EXCEPT a) They are articles of personal property b) If affixed to leased premises, they belong to the landlord c)They are necessary parts of a tenant's trade or business d) They do not usually include replacement fixtures

b

All of the following items are personal property EXCEPT a) Trade fixtures b) A privacy fence c) Patio Furniture d) Portable dishwasher

b

An adequate metes and bounds description will have all of the following EXCEPT: A. a definite point of beginning B. four sides C. closure D. linear measurements and compass directions

b

An associate broker who sells a house for a client is paid a commission by the a) employing client only b) broker only c) customer d) either by the client or the broker

b

Real property is changed into personal property by a) the right of appropriation b) severance c) law of capture d) Fructus naturales

b

The actual amount of money paid for a particular parcel fo real estate is said to be that property's a) value b) price c) market value d) settlement value

b

The property description method using lot numbers, block numbers, and subdivision names is called: a)metes and bounds b) recorded plat c) rectangular survey d) clerk's system

b

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

Which of the following best describes a parcel of land? a) The surface of the earth including control of all minerals and substances beneath. b)The surface of the earth extending down to the center and upward to the sky c) The earth's surface closely marked by certain boundaries d) The surface of the earth extending down a reasonable distance and up into the air a reasonable distance

b

Which of the following best describes a parcel of land? a) the surface of the earth including control of all minerals and substances beneath b) The surface of the earth extending down to the center and upward to infinity c) The earth's surface closely marked by certain boundaries d) The surface of the earth extending down a reasonable distance and up into the air a reasonable distance

b

Which of the following is a physical characteristic of land? a) situs b) Non-homogeneous c) Scarcity d) Improvable

b

Which of the following would be the best definition of an appurtenance? a) The right to cross the land of another b) Items or rights that would ordinarily pass with the sale of real property; c) Right to water from a flowing source; d) The land and improvements.

b

A real estate developer who plans to build a large industrial park must buy property from three different owners before he can proceed with his development plans. this would be considered a) The development stage of planning b) Plottage Value c) Assemblage d) Contiguous Combination

c

All property other than real property is known as a) fixtures b) appurtenances c) Chattel d) easements

c

All property other than real property is/are a) fixtures b) appurtenances c) chattel d) easements

c

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

Annually harvested crops are known as: a) chattel b) fixtures c) emblements d) trade fixtures

c

Economic controls on the economy in general are enacted by: a) the federal government only b) state governments only c) both federal and state governments d) neither federal nor state governments

c

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

c

Land located in a rural area of an eastern state would most likely be described by a) government rectangular survey b) lot, block, and subdivision c) metes and bounds d) reference to other documents

c

Merging two or more properties into common ownership is known as ____, while any increase in value that results is knowns as ______. a) Progression; regression b) Plottage; assemblage c) assemblage; plottage d) situs; production

c

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

c

Special purpose properties include all but the following: a) churches b) hospitals c) industrial park d) nursing home

c

The amount of space between the lot line and the building is the: a) front footage b) situs c) setback d) braidage

c

The best definition of real estate would include: the land, the improvements of an to the land, and all_____ a) encumbrances b) encroachments c) appurtenances d) alienations

c

Which of the following is NOT a test of a fixture a) Manner of attachment b) an agreement between the parties c) Time of attachment d) Manner of adaptation

c

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

c

A bill of sale would be used instead of a deed for all EXCEPT which of the following? a) boat b) car c) motorcycle d) real estate

d

A parcel of land described as as the S1/2 of the NW1/4 of the NE 1/4 of Section 12 T2N, R4E would contain how many acres? hint: do problem backwards a) 160 b) 80 c) 40 d) 20

d

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

d

All of the following are appurtenances EXCEPT a) Riparian rights b) a garage c) an apple orchard d) trade fixtures

d

All of the following are considered to be economic characteristics of land EXCEPT a) Assemblage b) Scarcity c) Production d) Improvements

d

Barbecue grills, lawn mowers and tractors are examples of a) severances b) attachements c) fixtures d) chattel

d

Fixtures are ____; and trade fixtures are: a) emblements; appurtenances b) appurtenances; real property c) real property; appurtenances d) real property; personal property

d

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

One acre contains a) 5,280 sq ft b) 43,560 ft sq c) 108,708 sq. ft. d) 43,560 sq. ft.

d

The purpose of a state real estate regulatory board is to protest: a) the real estate industry b) home sellers c) home buyers d) the General public

d

Which of the following choices would be LEAST likely to be public property? a) public parks b) public schools c) public libraries d) private campgrounds

d

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) replacement fixtures

d

Which of the following terms does NOT refer to a land description method adopted because of western expansion a) government survey system b) geodetic survey system c) rectangular survey mehtod d) subdivision plat method

d