QUIZ 1 Flashcards
For Chapters 1 - 6
The term real estate does NOT include:
a. air rights above the surface to infinity
b. mineral rights below the surface
c. the rights to use and enjoy the surface
d. encumbrances on the property
D
- Which of the following is a physical characteristic of land?a. Scarcity
b. Immobility
c. Fixity
d. Situs
B
Those materials that make up a building that once were personal but are now real and known as:
a. emblements
b. fixtures
c. encumbrances
d. encroachments
B
The rights that a property owner enjoys on a body of flowing water is known as:
a. littoral rights
b. riparian rights
c. percolating rights
d. rights of capture
B
A method of describing property using points, angles and distances is called:
a. metes and bounds
b. a short form description
c. the point of beginning
d. the government survey method
A
When the government zones a property to make it compatible with neighboring properties, the government is exercising:
a. eminent domain
b. escheat
c. taxation
d. police power
D
The most common and inclusive form of ownership is:
a. conditional fee
b. fee simple
c. inclusive fee
d. fee determinable
B
The right a person has to use the property of another that cannot be revoked is:
a. a license
b. an easement appurtenant
c. an encroachment
d. a personal easement in gross
D
Of the following, which is NOT a method of creating an easement?
a. condemnation
b. necessity
c. prescription
d. merger of properties
D
Ted has an irrevocable right to use John’s property to fish in the lake whenever Ted chooses. Ted’s right is MOST likely:
a. a license
b. an easement appurtenant
c. an encroachment
d. a personal easement in gross
D
A lien that will attach to all real and personal property of an owner is:
a. a special lien
b. a general lien
c. a mechanic’s lien
d. a voluntary lien
B
Which lien is both voluntary and specific?
a. a mortgage lien
b. a judgment lien
c. a property tax lien
d. a mechanics lien
A
Sally conveys a property to Ralph with the wording: “…under the condition the property is never used for the sale or consumption of demon liquor.” 3 years later, Ralph opens a liquor store on the property. Which of the following is most likely?
a. Sally will sue Ralph for monetary damages
b. the property automatically reverts to Sally
c. Sally has the right to claim a forfeiture of the property and re-enter
d. Sally has no property rights if the property is properly zoned.
B
Upon his death, farmer John willed property to his wife Sue for the remainder of her life. Upon her death, the property is to go to their son Elmo. Two years after John’s death, Sue sells the property to Craig. Which of the following is true:
a. This is a life estate for the remainder of Craig’s life
b. a life estate cannot be sold
c. Elmo’s property rights are pur ature vie
d. Elmo will receive the property when Sue dies.
D
When a person has the revocable right to use the property of another, it is MOST likely:
a. a personal easement in gross
b. a commercial easement in gross
c. a license
d. an easement appurtenant
C
