Ct Real Estate Practice Exam General Questions Rated A+

Ct Real Estate Practice Exam General Questions Rated A+ Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? Writ of execution What type of map is MOST useful for describing the terrain of a very hilly lot? Contour map A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold does the tenant have? Tenancy at will A major difference between freehold and nonfreehold estates is that all freehold estates are of indeterminable duration Real property can be converted to personal property by Severance A lawsuit for inverse condemnation may be brought by a homeowner A deed restriction is applicable to the activities of present and future owners. If conditions for purchase are included in a deed and these conditions are violated, what is the penalty? Return of the property to the original owner. The terms "littoral," "riparian," and "appropriative" refer to water rights. Which of the following BEST illustrates the concept and intent of a buffer zone? Garden apartments located between a single-family residential neighborhood and a shopping center. A property owner died, having willed his real property to his two daughters. There is still a chance that they could lose the land for a variety of reasons, but it CANNOT be taken through escheat An environmental impact statement typically describes the effects of a proposed project on factors such as public health and safety All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT the straight-line method Which of the following approaches MOST reliably estimates the sales price of a single-family residence? Market data A formal appraisal will ALWAYS be REQUIRED when the lender wants to sell the mortgage to the secondary market. According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the highest sales price if located in a neighborhood in which most homes are larger than the sale home. An appraiser MUST be licensed or certified to handle Federally related work on residential property valued at more than $250,000 A competitive market analysis is MOST often used