Oregon Real Estate Exam — Deck 1:
Property Law & Ownership | Questions
with 100% Correct Answers | Verified |
Latest Update 2026/2027
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The productive use required to keep a water right valid—
irrigation, domestic, livestock, power, etc.
Choose an answer
1 Ad Valorem Tax 2 Constructive Notice
3 Beneficial Use 4 Assignment
, Don't know?
Terms in this set (81)
Ad Valorem Tax A property tax based on the assessed
value of real estate ("according to value");
example: county property taxes that
increase when market value rises.
Actual Notice Direct knowledge of a fact, such as
personally seeing a recorded deed or
being told about an existing lien.
Appurtenance A right, privilege, or improvement
attached to and passing with the land
(e.g., driveway easement, garage, or
water right).
Assessment County assessor's valuation of property
for tax purposes; determines the base for
ad valorem taxes.
Assignment Transfer of rights or interests in property
or a lease from one party to another.
Property Law & Ownership | Questions
with 100% Correct Answers | Verified |
Latest Update 2026/2027
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The productive use required to keep a water right valid—
irrigation, domestic, livestock, power, etc.
Choose an answer
1 Ad Valorem Tax 2 Constructive Notice
3 Beneficial Use 4 Assignment
, Don't know?
Terms in this set (81)
Ad Valorem Tax A property tax based on the assessed
value of real estate ("according to value");
example: county property taxes that
increase when market value rises.
Actual Notice Direct knowledge of a fact, such as
personally seeing a recorded deed or
being told about an existing lien.
Appurtenance A right, privilege, or improvement
attached to and passing with the land
(e.g., driveway easement, garage, or
water right).
Assessment County assessor's valuation of property
for tax purposes; determines the base for
ad valorem taxes.
Assignment Transfer of rights or interests in property
or a lease from one party to another.
