IDAHO REAL ESTATE ANSWERS AND QUESTIONS
SET A+
✔✔non conforming zone - ✔✔a permitted use of real property that was lawfully
established at the time of original construction but no longer conforms to existing zoning
is called
✔✔gross denstiy - ✔✔this refers to the number of lots a parcel of ground can be
subdivided into.
✔✔block busting - ✔✔inducing someone to enter in a contract by representing a
change is to occur in an area because of the entry of a protected class is called
✔✔steering - ✔✔channeling home seekers to particular areas is called
✔✔redlining - ✔✔restricting the number of loans or loan to value in an area usually
because of the high percentage of protected classes
✔✔dominant estate - ✔✔the party that uses an appurtenant easement is called
✔✔servient estate - ✔✔the parcel that provides the land for the easement is the
✔✔appurtenant easements - ✔✔which type of easement attaches to the dominate
estate's land and transfers to the new owner
✔✔easements in gross - ✔✔these agreements are personal in nature, does not 'attach'
to a dominate estate, rather a person or entity
✔✔easements by necessity - ✔✔access created by the courts to grant a land locked
owner access is
, ✔✔boundary by agreement - ✔✔initially neighbors believe and agree to a property line
but later find out it's in the wrong spot. what legal concept would leave the fence where
it was originally placed?
✔✔encroachment - ✔✔an unauthorized invasion or intrusion of an improvement or
other real property onto another's property is a
✔✔a survey - ✔✔a possible encroachment is best determined by
✔✔recording date - ✔✔priority of liens is determined by
✔✔subordination agreement - ✔✔an agreement wherby a holder of a superior
mortgage agrees to give up their priority position to an existing or future lien
✔✔within 90 days from completion of their work or deliver of their material - ✔✔time for
filing a mechanics lien is
✔✔circuit breaker - ✔✔the law that allows a party to file to have the state pay their
county property taxes is called
✔✔first monday in june - ✔✔property tax assessments are sent out on the
✔✔2% plus 12% - ✔✔property tax delinquency carry a ____ % penalty plus ______%
✔✔voidable - ✔✔if a party signs a contract while intoxicated it is
✔✔void - ✔✔if two parties sign a contract to rob a bank it is
✔✔duress - ✔✔if a party signs a contract because they fear for their life, what has
occurred
✔✔assignment - ✔✔transferring an intangible right to a contract in escrow is called
✔✔novation - ✔✔a lender can transfer their interest to a loan to another lender with this
provision
✔✔rescission - ✔✔putting parties back to their original position before the contract was
formed is called
✔✔specific performance - ✔✔a party can use the courts to force a party to an earnest
money agreement to perform per the contract with this
✔✔liquidated damages - ✔✔settling for the earnest money deposit as a remedy for a
contract default is called
SET A+
✔✔non conforming zone - ✔✔a permitted use of real property that was lawfully
established at the time of original construction but no longer conforms to existing zoning
is called
✔✔gross denstiy - ✔✔this refers to the number of lots a parcel of ground can be
subdivided into.
✔✔block busting - ✔✔inducing someone to enter in a contract by representing a
change is to occur in an area because of the entry of a protected class is called
✔✔steering - ✔✔channeling home seekers to particular areas is called
✔✔redlining - ✔✔restricting the number of loans or loan to value in an area usually
because of the high percentage of protected classes
✔✔dominant estate - ✔✔the party that uses an appurtenant easement is called
✔✔servient estate - ✔✔the parcel that provides the land for the easement is the
✔✔appurtenant easements - ✔✔which type of easement attaches to the dominate
estate's land and transfers to the new owner
✔✔easements in gross - ✔✔these agreements are personal in nature, does not 'attach'
to a dominate estate, rather a person or entity
✔✔easements by necessity - ✔✔access created by the courts to grant a land locked
owner access is
, ✔✔boundary by agreement - ✔✔initially neighbors believe and agree to a property line
but later find out it's in the wrong spot. what legal concept would leave the fence where
it was originally placed?
✔✔encroachment - ✔✔an unauthorized invasion or intrusion of an improvement or
other real property onto another's property is a
✔✔a survey - ✔✔a possible encroachment is best determined by
✔✔recording date - ✔✔priority of liens is determined by
✔✔subordination agreement - ✔✔an agreement wherby a holder of a superior
mortgage agrees to give up their priority position to an existing or future lien
✔✔within 90 days from completion of their work or deliver of their material - ✔✔time for
filing a mechanics lien is
✔✔circuit breaker - ✔✔the law that allows a party to file to have the state pay their
county property taxes is called
✔✔first monday in june - ✔✔property tax assessments are sent out on the
✔✔2% plus 12% - ✔✔property tax delinquency carry a ____ % penalty plus ______%
✔✔voidable - ✔✔if a party signs a contract while intoxicated it is
✔✔void - ✔✔if two parties sign a contract to rob a bank it is
✔✔duress - ✔✔if a party signs a contract because they fear for their life, what has
occurred
✔✔assignment - ✔✔transferring an intangible right to a contract in escrow is called
✔✔novation - ✔✔a lender can transfer their interest to a loan to another lender with this
provision
✔✔rescission - ✔✔putting parties back to their original position before the contract was
formed is called
✔✔specific performance - ✔✔a party can use the courts to force a party to an earnest
money agreement to perform per the contract with this
✔✔liquidated damages - ✔✔settling for the earnest money deposit as a remedy for a
contract default is called
