AU 60 FINAL ACTUAL EXAM WITH PRACTICE QUESTIONS WITH DETAILED VERIFIED ANSWERS

AU 60 FINAL ACTUAL EXAM WITH
PRACTICE QUESTIONS WITH DETAILED
VERIFIED ANSWERS




HIGH YIELD QUESTIONS WITH CORRECT ANSWERS
DESIGNED TO MIRROR THE LATEST AU 60 EXAM




FEATURES INCLUDE
❖ CONTENT COVERAGE
❖ VERIFIED ANSWERS
❖ GRADED A+

, Question
Dawn is a tenant under a 1-year lease on an apartment. Which of the following statements
is true?

- Dawn is the lessor.

- Dawn holds an estate at will.

- The lease is a tenancy for years.

- Dawn's interest in the property is a freehold estate. ANSWER - The lease is a tenancy for
years.

Question
The four forces that affect real property values are:

- social, economic, governmental, and environmental

- emotional, economic, political, and environmental

-social, economic, political, volatility

Social, local, conformity, and environmental. ANSWER - social, economic, governmental,
and environmental

Question
The value of property as established for the purpose of determining taxes is called:

- as is value

- assessed value

- market value

- value in use. ANSWER - assessed value

Question
The priority of a mortgage lien is determined by the:

- date of the mortgage loan application

- date the loan was disbursed

- date the lien was recorded in the public records

- amount of the mortgage loan. ANSWER - date the lien was recorded in the public records

Question
One important factor for determining whether an item is personal property or a fixture is
the: