Superior Real Estate School Exam with Correct Solutions 2024

Superior Real Estate School Exam with Correct Solutions 2024 All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity - Answer -D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contract can ask a judge to force the breaching party to carry out the terms of the contract rather than order the breaching party to pay monetary damages. Which physical characteristic of land is the basis for the doctrine of specific performance? A. Indestructibility B. Uniqueness C. Immobility D. Permanence of Investment - Answer -B. Uniqueness Which of the following is considered to have the greatest impact on the value of a property? A. Area Preference B. Permanence of Investment C. Scarcity D. Uniqueness - Answer -A. Area Preference The concept by which land would increase automatically along a river or stream is known as:A. Accretion B. Littoral Rights C. Avulsion D. Reliction - Answer -A. Accretion The owner of a house wants to fence the yard for a dog. When the fence is erected, the fencing materials are converted to real estate by: A. Severance B. Annexation C. Immobility D. Indestructibility - Answer -B. Annexation