REAL ESTATE LAW EXAM 1 QUESTIONS AND ANSWERS
__ __ = property (land, houses, etc) - CORRECT ANSWER✅✅Real estate
The __ __ __ has several provisions that affect real estate transfers and ownership that must be
complied with - CORRECT ANSWER✅✅United States constitution
The __ amendment protects against UNREASONABLE searches and seizures - CORRECT ANSWER✅✅4th
(must have a warrant or reasonable cause)
The 5th amendment has two parts pertaining to real estate: - CORRECT ANSWER✅✅Due process & Just
compensation
__ __: Process of going through court to get what is due/owed to you - CORRECT ANSWER✅✅Due
process
__ __: Fair market value of property - CORRECT ANSWER✅✅Just compensation
__ __: Is when the government can take an individual's property for public purposes - CORRECT
ANSWER✅✅Eminent domain (powerful taking)
Just compensation for takings: If the government TAKES your property, it must compensate you __ -
CORRECT ANSWER✅✅JUSTLY
The difference between the 5th and 14th amendment is: - CORRECT ANSWER✅✅The fifth amendment
is federal government
The 14th amendment is state government
__ = law created by legislature/congress - CORRECT ANSWER✅✅Statute
Any laws passed by the federal legislation will be found in the: - CORRECT ANSWER✅✅United States
Code (U.S.C.)
, __ = a set of books with codes/rules - CORRECT ANSWER✅✅Codes
A __/__ tells us where we can find the low - CORRECT ANSWER✅✅Cite/citation
__ = address/how to locate a statute - CORRECT ANSWER✅✅Cite
42 U.S.C section 9601 means - CORRECT ANSWER✅✅Volume 42 = book labeled #42
Page (section) 9601 = page 9601
Mississippi code: Section 63-11-30 = - CORRECT ANSWER✅✅Title 63 (book label)
Chapter 11
Section 30
Most statutes dealing with property are located in __ statutes NOT __ statutes - CORRECT
ANSWER✅✅State NOT federal
__ __: Administrater/carry out laws written by the legislature - CORRECT ANSWER✅✅Administrative
agencies
__ __: The regulations/laws an administrative agency makes - CORRECT ANSWER✅✅Administrative
regulations
Example of federal administrative agency = - CORRECT ANSWER✅✅Environmental protection agency
(EPA)
Example of state administrative agency = - CORRECT ANSWER✅✅MS legislature passed alcohol statutes
- MS needed an admin agency to administor/carry out those statutes so the ABC was created - ABC gets
to make rules to make sure the alcohol statutes are followed. When ABC makes a rule, it is called
ADMINISTRATIVE LAW
__ __ = property (land, houses, etc) - CORRECT ANSWER✅✅Real estate
The __ __ __ has several provisions that affect real estate transfers and ownership that must be
complied with - CORRECT ANSWER✅✅United States constitution
The __ amendment protects against UNREASONABLE searches and seizures - CORRECT ANSWER✅✅4th
(must have a warrant or reasonable cause)
The 5th amendment has two parts pertaining to real estate: - CORRECT ANSWER✅✅Due process & Just
compensation
__ __: Process of going through court to get what is due/owed to you - CORRECT ANSWER✅✅Due
process
__ __: Fair market value of property - CORRECT ANSWER✅✅Just compensation
__ __: Is when the government can take an individual's property for public purposes - CORRECT
ANSWER✅✅Eminent domain (powerful taking)
Just compensation for takings: If the government TAKES your property, it must compensate you __ -
CORRECT ANSWER✅✅JUSTLY
The difference between the 5th and 14th amendment is: - CORRECT ANSWER✅✅The fifth amendment
is federal government
The 14th amendment is state government
__ = law created by legislature/congress - CORRECT ANSWER✅✅Statute
Any laws passed by the federal legislation will be found in the: - CORRECT ANSWER✅✅United States
Code (U.S.C.)
, __ = a set of books with codes/rules - CORRECT ANSWER✅✅Codes
A __/__ tells us where we can find the low - CORRECT ANSWER✅✅Cite/citation
__ = address/how to locate a statute - CORRECT ANSWER✅✅Cite
42 U.S.C section 9601 means - CORRECT ANSWER✅✅Volume 42 = book labeled #42
Page (section) 9601 = page 9601
Mississippi code: Section 63-11-30 = - CORRECT ANSWER✅✅Title 63 (book label)
Chapter 11
Section 30
Most statutes dealing with property are located in __ statutes NOT __ statutes - CORRECT
ANSWER✅✅State NOT federal
__ __: Administrater/carry out laws written by the legislature - CORRECT ANSWER✅✅Administrative
agencies
__ __: The regulations/laws an administrative agency makes - CORRECT ANSWER✅✅Administrative
regulations
Example of federal administrative agency = - CORRECT ANSWER✅✅Environmental protection agency
(EPA)
Example of state administrative agency = - CORRECT ANSWER✅✅MS legislature passed alcohol statutes
- MS needed an admin agency to administor/carry out those statutes so the ABC was created - ABC gets
to make rules to make sure the alcohol statutes are followed. When ABC makes a rule, it is called
ADMINISTRATIVE LAW
