Real Property & Gov't Rights

Question 1

All of the following items would have bearing on whether an item is considered personal property except:

a. damage from removing the item from the property

b. the manner of attachment

c. any agreement between buy and seller concerning the item

d. the cost of the item

Answer 1

D

Question 2

In the sale of commercial property , which documents would be used to transfer shelves, counters, and other personal property

a. chattel real

b. bill of sale

c. security agreement

d. mortgage

Answer 2

B.

Question 3

The right to light and air accompanied by the transfer of title ownership to the land is called a :

a. fixture

b. restriction

c. appurtenance

d. easement

Answer 3

C.

Question 4

The right of a tenant farmer to harvest crops after the lease has expired is known as

a. emblements

b. appurtenances

c. easements

d. fructus naturalas

Answer 4

A.

THE RIGHT TO HARVEST

Question 5

The process of acquiring land for public use from an unwilling owner with compensation paid is called

a. eminent domain

b. condemnation

c. consfiscation

d. eminent domain

Answer 5

B.

the action/process of

Question 6

an ordinance requires sufficient parking spaces in shipping centers. The city has the right to enforce the ordinance through

a. escheat

b. police power

c. eminent domain

d. deed restriction

Answer 6

B. police power

Question 7

REMEMBER:

THE RIGHT TO = POLICE POWER

THE POWER TO = EMINENT DOMAIN

THE PROCESS OR ACTION OF = CONDEMNATION

Question 8

M passes away without leaving a will. If after a lengthy search no heirs are found, the:

a. estate would be given to charity

b. administrator would inherit the estate

c. estate would escheat to the state

d. executor would inherit the estate

Answer 8

C.

Question 9

Authorization for zoning comes from the

a. US Constitution
b. police power
c. statute of frauds
d. RE Commission

Answer 9

B.

Question 10

If the city or state wishes to take property with just compensation, it may acquire title by action based on

a. attachment proceedings

b. right of eminent domain

c. adverse possession

d. police power

Answer 10

B.

KEY WORD: THE RIGHT

Question 11

Which of the following does not fall under police power

a. health dept and fir dept regs

b. licensing of re agents

c. zoning ordinances

d. taking land for schools

Answer 11

D.

Question 12

Which is not included in the concept of the power of eminent domain

a. right of gov’t to take property from the owner for the public good

b. an exercise of police power

c. just compensation at fair market value

d. condemnation proceedings

Answer 12

B.

NOT POWER OF

Question 13

In AZ, once an affidavit of affixture has been recorded, the mobile home is taxed as

a. income property

b. personal property

c. real property

d. vacant land

Answer 13

C.

Question 14

A notice pending condemnation delivered to a property owner at least 20 days prior to the condemnation action must include all of the following except

a. written offer to purchase the property

b. amount of just compensation offered

c. appraisal showing reasonable comparable properties

d. escrow closing statements

Answer 14

D.

Question 15

MATCH TERMS:

1. DEED
2. BILL OF SALE

REAL PROPERTY IS TRANSFERRED BY

PERSONAL PROPERTY IS TRANSERRED BY

Question 16

What is required at the time an affidavit of affixture is recorded

a. mobile home must have skirts installed

b. the title to the mobile hom must be surrendered

c. coumty assessor myst inspect the property

d. mobile home must be owner-occupied

Answer 16

B

Question 17

RE licensees may perform all of the following except

a. respresent manufactured home dealers

b. represent private parties in the sale of mobile home on a rented space

c. list/sell new or used mobile homes

d. represent lenders placing loans on manufactured homes

Answer 17

D

Question 18

A buyer’s agent is showing a property. During begotiations, the seller agrees to include two cords of wood in the purchase price. The agent should

a. not include it in the agreement bc it was verbal agreement between buy and seller

b. specify it in the contract because it is personal property

c. “ ” “ real property

d. include it in the contract bc it is a fixture

Answer 18

B.

Question 19

How long after the sale of an escheated property does a person who appears as an heir have to claim the proceeds from the sale

a. 1 yr

b. 3 yrs

c. 5 yrs

d. 7 yrs

Answer 19

D

Question 20

Which of the following would be considered personal property

a. tree

b. bathtub

c. window blinds

d. harvested crops

Answer 20

D.

Question 21

Which of the following is personal property

a. appurtenances
b. fixtures
c. trade fixtures
d. shrubbery

Answer 21

C.

Question 22

Patents, trademarks, copyrights and royalties are an example of

a. corporeal realty
b. tangible realty
c. incorporeal realty
d. intangible realty

Answer 22

D.

Question 23

Which of the following is not properly included in the concept of the power of eminent domain

a. the right of gov’t to confiscate personal prop from the owner
b. an inherent power of gov’t

c just compensation at fair market value

d. taking property through legal procedure

Answer 23

A.

Question 24

Which is not an appurtenance, therefore doesn’t transfer to the new owner w/ a standard warranty deed

a. trade fixtures
b. trees
c. shrubs
d. custom window blinds

Answer 24

A.

Question 25

Which of the following would least likely be a lawful use for taking homes through the power of eminent domain a. light rail train in tempe b. public k-12 school c. shopping center d. future freeway overpass

Answer 25

C.

Question 26

# THIS Q&A IS NOW ACCURATE AS OF 7/22 TEXT AND EXAM HAVE BEEN EDITED A hot tub installed on a residential property is considered to be: a. appurtenance b. personal property c. fixture d. emblement

Answer 26

A. APPURTENANCE ANSWER IS CURRENT/CORRECT TEXTBOOK AND EXAM NOW UPDATED WITH CORRECT ANSWER

Question 27

The right of the government to take private property for public good is ?

Answer 27

eminent domain key: THE RIGHT

Question 28

The process by which property is taken for public good

Answer 28

condemnation key: THE PROCESS

Question 29

The government receives ownership of real property from a private entity through:

Answer 29

dedication

Question 30

In Arizona, a court action to take property under eminent domain must be preceded by ? , which must include an ? and at least one ?

Answer 30

preceded by 20 DAY PRIOR NOTICE, must include an OFFER TO PURCHASE and at least one APPRAISAL

Question 31

Vocab: TAXATION: Real property taxes are charged against the property to bear the cost of municipal functions such as schools, police and fire depts, libraries, etc

Question 32

A mobile home that is sited on a rented space in a mobile home park: a. may not be listed by a real estate licensee b. may not be larger than a double wide c. may be listed but not sold by a real estate licensee d. may be listed and sold by a real estate licensee

Answer 32

D.

Question 33

What are the Bundle of Rights?

Answer 33

DEEPC Disposition Exclusion Enjoyment Possession Control

Question 34

Appurtenances are the ? and ? that are attached to the land and transferred with the land unless reserved or excepted. Appurtenances can be tangible or intangible... Tangible or intangible: Air Rights Tangible or intangible: fructus naturales Tangible or intangible: Easements " or ": Improvements such as buildings, fences, trees, sidewalks, and perennial plants Riparian rights ( water rights next to a river or stream): Tangible or Intangible

Answer 34

Air rights: Intangible fructus naturales: tangible easements: intangible Riparian rights; Intangible