ARIZONA REAL ESTATE EXAM FINAL PAPER Q
◉ You buy a house near the beach. After you move in, you and your
neighbor sign a written agreement that allows you to cross your
neighbor's property to get to the beach. The agreement states that if
you move or die the permission is terminated. What is this an
example of?
A. appurtenant easement
B. easement in gross
C. voluntary lien
D. life estate. Answer: easement in gross
◉ Ethel lives in a house on the lot behind Terry's property, driving
across Terry's vacant lot to get to the road without an easement.
When Terry finally builds, she puts a fence all around her property,
blocking Ethel from the road. To claim easement by prescription,
Ethel would need to have crossed Terry's property for at least
A. 5 years
B. 10 years
C. 15 years
D. 20 years. Answer: 10 years
,◉ Chris has an easement to harvest the final soybean crop on the
land he sold. Just before harvest, Chris inherits $8 Million. He calls
the new owner and tells her that he is moving to St. Croix and that
she can do whatever she wants with the soybeans. What's the most
likely way his easement will be terminated?
A. abandonment
B. destruction
C. merger
D. release. Answer: abandonment
◉ Which statements about liens is false?
A. a lien does not prevent the transfer of property
B. a lien is a financial encumbrance
C. a lien is a possessory interest
D. a lien may be placed against personal property. Answer: a lien is a
possessory interst
◉ Which lien would be paid first in the event of a foreclosure sale?
A. judgement lien
B. mechanic's lien
C. mortgage lien
D. property tax lien. Answer: property tax lien
,◉ Jon is granted an easement by necessity across Eric's property to
get to the road. Jon's property is the
A. dominant tenant
B. dominant tenement
C. servient tenant
D. servient tenement. Answer: dominant tenement
◉ An encumbrance is anything that burdens
A. possession of property
B. title of property
C. zoning ordinances
D. police power of the state. Answer: title of property
◉ A mechanic's lien, once filed, is a valid lien on the subject property
for how long?
A. 990 days
B. 60 days
C. 6 months
D. 1 year. Answer: 6 months
◉ All of the following are specific liens except
, A. judgement liens
B. mechanic's liens
C. property tax liens
D. special assessments. Answer: judgement liens
◉ An example of an easement in gross is
A. a child cutting through your yard without asking your permission
B. a gas company digging up part of your backyard to fix a leak
C. a neighbor using a part of your driveway to get to a main road as
agreed upon
D. your tenant using a storage shed on the back of your property.
Answer: a gas company digging up part of your backyard to fix a leak
◉ Arizona State Law provides for which of the following in regards
to a mechanic's lien?
A. extension of time for filing the lien by agreement
B. a 20-day preliminary notice
C. filing within 60 days for the original contractor
D. priority over mortgages and other liens, including property tax
liens. Answer: a 20-day preliminary notice
◉ When a person wishes to enforce a judgement, they would seek a
A. lawsuit
◉ You buy a house near the beach. After you move in, you and your
neighbor sign a written agreement that allows you to cross your
neighbor's property to get to the beach. The agreement states that if
you move or die the permission is terminated. What is this an
example of?
A. appurtenant easement
B. easement in gross
C. voluntary lien
D. life estate. Answer: easement in gross
◉ Ethel lives in a house on the lot behind Terry's property, driving
across Terry's vacant lot to get to the road without an easement.
When Terry finally builds, she puts a fence all around her property,
blocking Ethel from the road. To claim easement by prescription,
Ethel would need to have crossed Terry's property for at least
A. 5 years
B. 10 years
C. 15 years
D. 20 years. Answer: 10 years
,◉ Chris has an easement to harvest the final soybean crop on the
land he sold. Just before harvest, Chris inherits $8 Million. He calls
the new owner and tells her that he is moving to St. Croix and that
she can do whatever she wants with the soybeans. What's the most
likely way his easement will be terminated?
A. abandonment
B. destruction
C. merger
D. release. Answer: abandonment
◉ Which statements about liens is false?
A. a lien does not prevent the transfer of property
B. a lien is a financial encumbrance
C. a lien is a possessory interest
D. a lien may be placed against personal property. Answer: a lien is a
possessory interst
◉ Which lien would be paid first in the event of a foreclosure sale?
A. judgement lien
B. mechanic's lien
C. mortgage lien
D. property tax lien. Answer: property tax lien
,◉ Jon is granted an easement by necessity across Eric's property to
get to the road. Jon's property is the
A. dominant tenant
B. dominant tenement
C. servient tenant
D. servient tenement. Answer: dominant tenement
◉ An encumbrance is anything that burdens
A. possession of property
B. title of property
C. zoning ordinances
D. police power of the state. Answer: title of property
◉ A mechanic's lien, once filed, is a valid lien on the subject property
for how long?
A. 990 days
B. 60 days
C. 6 months
D. 1 year. Answer: 6 months
◉ All of the following are specific liens except
, A. judgement liens
B. mechanic's liens
C. property tax liens
D. special assessments. Answer: judgement liens
◉ An example of an easement in gross is
A. a child cutting through your yard without asking your permission
B. a gas company digging up part of your backyard to fix a leak
C. a neighbor using a part of your driveway to get to a main road as
agreed upon
D. your tenant using a storage shed on the back of your property.
Answer: a gas company digging up part of your backyard to fix a leak
◉ Arizona State Law provides for which of the following in regards
to a mechanic's lien?
A. extension of time for filing the lien by agreement
B. a 20-day preliminary notice
C. filing within 60 days for the original contractor
D. priority over mortgages and other liens, including property tax
liens. Answer: a 20-day preliminary notice
◉ When a person wishes to enforce a judgement, they would seek a
A. lawsuit
