Pearson VUE Questions and answers,
100% Accurate, rated A+. latest update.
Fee simple ownership describes - ✔✔-current ownership
One way that an easement in gross is extinguished is when - ✔✔-An easement in gross is extinguished
when the party that benefits dies.
Jill owns a house at 82 Willow Road. She has young children and wants to build a fence around an area
of the backyard. Once it is built the fence becomes part of the real property through - ✔✔-The fence
becomes part of the real property through annexation.
Paul chops down a tree and splits it into firewood. This example of real property being changed into
personal property is an illustration of: - ✔✔-severance.
Mike is remodeling his house. Mike's next door neighbor Gary says that Mike may store a pallet of patio
flagstones on a corner of Gary's property. Gary has granted Mike a: - ✔✔-license.
The gross rent multiplier method of estimating the value of property is most likely to be used when
appraising what type of property? - ✔✔-multi-family residential
The process an appraiser used to review the results of each appraisal method and determine how much
weight to assign to each method is called: - ✔✔-reconciliation
A 16 year old named Dustin signs a contract to lease a car. Because of his age, this contract is: - ✔✔-
voidable.
The Statute of Frauds requires that for agreements for the sale of real estate to be enforceable in court,
they must be: - ✔✔-in writing and signed by the parties to be held to the agreement.
100% Accurate, rated A+. latest update.
Fee simple ownership describes - ✔✔-current ownership
One way that an easement in gross is extinguished is when - ✔✔-An easement in gross is extinguished
when the party that benefits dies.
Jill owns a house at 82 Willow Road. She has young children and wants to build a fence around an area
of the backyard. Once it is built the fence becomes part of the real property through - ✔✔-The fence
becomes part of the real property through annexation.
Paul chops down a tree and splits it into firewood. This example of real property being changed into
personal property is an illustration of: - ✔✔-severance.
Mike is remodeling his house. Mike's next door neighbor Gary says that Mike may store a pallet of patio
flagstones on a corner of Gary's property. Gary has granted Mike a: - ✔✔-license.
The gross rent multiplier method of estimating the value of property is most likely to be used when
appraising what type of property? - ✔✔-multi-family residential
The process an appraiser used to review the results of each appraisal method and determine how much
weight to assign to each method is called: - ✔✔-reconciliation
A 16 year old named Dustin signs a contract to lease a car. Because of his age, this contract is: - ✔✔-
voidable.
The Statute of Frauds requires that for agreements for the sale of real estate to be enforceable in court,
they must be: - ✔✔-in writing and signed by the parties to be held to the agreement.
