McKissock Learning - Basic Appraisal Principles with 100% sure answers 2024

"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt correct answersmortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property correct answersA The public restriction on property rights that allows the government to place a lien on a property is: A) escheat B) caveat emptor C) taxation D) none of the above correct answerstaxation Physical land and appurtenances attached to the land is the definition of: A) real property B) personal property C) fixture D) real estate correct answersreal estate "A development right that cannot be used by the landowner, or that the owner chooses not to use, but can be sold to landowners in another location" are called ___________________ rights.: A) vertical B) passive C) temporary D) transferable development correct answerstransferable development "The interests, benefits, and rights, inherent in the ownership of real estate" is the definition of: A) real estate B) personal property C) real property D) intangible property correct answersreal property Police power would include all of the following EXCEPT: A) building codes B) zoning C) taxation D) fire codes correct answerstaxation Another name for trade fixture is A) emblement B) chattel mortgage C) attachment D) chattel fixture correct answerschattel fixture Which is NOT a public restriction of private property rights? A) taxation B) easement C) police power D) escheat correct answerseasement An appraisal is a( n) ____________ of value. A) guarantee B) prediction C) opinio D) summary correct answersopinion The right of government that gives the state titular ownership of a property when its owner dies without a will or any ascertainable heirs is called: A) eminent domain B) condemnation C) accrual D) escheat correct answersescheat