TREC EXAM QUESTIONS AND ANSWERS
The fact that an individual must go to the land describes which of the physical characteristics of land? a. non homogeneity b. immobility c. indestructability d. situs - Answer- b. immobility John and Mary are co-owners of a property. John has a 60% interest in the property and Mary has a 40% interest. What type of freehold estate do they have? a. joint tenancy b. Estate in severalty c. Tenancy in Common d. Life estate - Answer- c. Tenancy in Common A property is surveyed to determine a legal description. The surveyor works from a point of beginning, and measures terminal points and angles. What method of land description is he using? a. Metes and bounds b. Lot and block c. Monuments d. Government survey system - Answer- a. Metes and bounds Which of the following is an example of an involuntary, statutory, specific lien? a. Ad valorem tax lien b. IRS tax lien c. Mortgage d. Judgment - Answer- a. Ad valorem tax lien. (Ad valorem means according to value) The local government needs your land to build a new high school. They have the right to take your land for the public good. This is called: a. The right of escheat b. The right of eminent domain c. The right of condemnation d. Police power - Answer- b. The right of eminent domian
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