review for real estate service with answers

7/25/2019 Review for Real Estate Service with answers

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REAL ESTATE PRACTICE

Q.1) A town enacts a new zoning code. Under the new code, commercial buildings arenot permitted within the 1,000 ft of the town park. A commercial building is

permitted to continue its former use, even though it is built next to the park. The

building is an example of a

A.onconforming useB. !pecial use

C. "oning variance D. #ntitlement

Q.2) $hat t%pes of liens are real estate ad valorem and special assessments taxes

A. !pecific and involuntar%

B. &eneral and voluntar%

C. !pecific and voluntar% D. &eneral and involuntar%

Q.3) The t%pe of easement that results from a landowners rights of ingress and egress toand from his or her land is an

A. #asement b% prescription

B. #asement b% necessit%C. #asement in gross

D. Adverse easement

Q.4) A right created b% law that provides securit% to an%one who performs labor orfurnishes materials for the improvement of real estate is

A. 'udgement B. #asement C. (echanics lien

D. &eneral lien

Q.5) $hich of the following would most likel% be controlled through building codes)

A. !ize of a building B. *eight of a building

C. T%pe of materials to be used in the buildingD.umber of buildings in a given area

Q.6) *ow man% s+uare miles are in a township

A. s+ miles

B. - s+ miles C. / s+ miles

D. s+ miles

Q.7) The propert% of a person who dies without a will and without heirs ma% be take b%

the government through its powers of

A. #minent domain B. "oning

C. escentD. #scheat

Q.8) f a drivewa% extends over a propert% line b% one foot it is called an

A. #ncroachmentB. #asement b% necessit%


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C. #asement in gross

D. 2icense

Q.9) n the rectangular surve% method the line running east to west that is used todescribe land as north to south of it is called

A. 3ase line

B. 4ange line C. 3oundar% line

D. 5rincipal line

Q.10) The t%pe of easement created b% continuous use of real propert% for a period of %ears

without the consent of the propert% owner is called

A.ecessit%

B. 5rescriptionC. #minent domain

D. 4eservation

Q.11) The t%pe of easement usuall% given to a utilit% compan% so it can service e+uipment

is an

A. #asement b% prescription

B. #asement b% necessit%C. #asement in grossD. Adverse easement

Q.12) The concept of 6tacking on6 is used with an easement

A. Appurtenant B. n gross C. 3% necessit%

D. 3% prescription

Q.13) Tom had the legal right to pass over the land owned b% his neighbour because of

A. #state in land

B. #asementC. 5olice power

D. #ncroachment

Q.14) All of the following regarding a propert% with a pre7existing nonconforming use aretrue except that

A. t ma% end when propert% is sold B. f abandoned the properties future must conform

C. t ma% be expanded

D. t was created b% a zoning variance

Q.15) The courts ma% grant a landowner who is land locked an easement b%

A. 5rescription

B.ecessit%C. n gross

D. 8ariance

Q.16) A propert% has several liens and is being sold to satisf% the lienholders. $hich of the

following liens on the propert% has the highest priorit%)

A. (echanics lien


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B. 4eal estate tax lienC. The first lien recorded

D. 9irst lien agreed to b% propert% owner

Q.17) A lien for a mortgage is what t%pe of lien

A. !pecific and involuntar% lien

B. &eneral and voluntar% lien C. !pecific and voluntar% lienD. &eneral and involuntar% lien

Q.18) A section contains

A. / acres

B. s+ milesC. / s+ miles

D. 0 acres

Q.19) f suffering a severe hardship through compliance with a zoning ordinance, apropert% owner should appl% for a

A.onconforming useB. 8ariance

C. #xemption

D. There is no recourse

Q.20) An example of mixed use zoning is

A. :ondominium

B. 5lanned unit developmentC. !hopping mallD. Apartment building

Q.21) Anne is considering the purchase of an empt% lot on which she intends to build a

store. To determine whether she can put the propert% to this t%pe of use, she could

examine the

A. 3uilding code

B. 2ist of permitted nonconforming use

C. *ousing code D. "oning ordinance

Q.22) $hich of the following would be classified as a general lien

A. (echanics lien B. 3ail bond lien

C. 4eal estate lien

D. 'udgement lien

Q.23) f the government wishes to exercise its right of eminent domain through the

process of condemnation, it must meet all of the following re+uirements expect

A. 5a% fair compensation

B. ;btain the consent to the ownerC. 5rove a public good

D. 9ollow the proper legal procedure

Q.24) 3ob and !am own ad


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A. *as an easement right

B. (a% rescind bobs easement at an% time C. ;wns the dominant tenement

D. ;wns the servient tenement

Q.25) The right of defaulted taxpa%er to recover his or her propert% before the sale for

unpaid real estate taxes is the

A. #+uitable right of redemptionB. #+uitable right of appeal

C. !tatutor% right of assessment D. 4ight of escheat

Q.26) A %oung couple having a new house built, before the can move into their newl% built

home

A. The lender must approve the house

B. The local government must issue an occupanc% permit

C. (echanics lien must be waived D. An appraisal must be made

Q.27) A mechanics lien is which t%pe of lien

A. !pecific and involuntar%B. &eneral and voluntar%

C. !pecific and voluntar%

D. &eneral and involuntar%

ANSWERS

1. A

2. A

3. B

4. C

5. C

6. C

7. C

8. A

9. A

10.B

11.C

12.D

13.B

14.D

15.B

16.B

17.C

18.D

19.B

20.B

21.D

22.D

23.B


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24.D

25.A

26.B

27.A

review for real estate service with answers

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