Ct Real Estate Practice exam general
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in
the middle of the street. Which of the following characteristics MOST likely explains the price difference?
- correct answer ✔✔Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? -
correct answer ✔✔Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - correct answer
✔✔Contour map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1
month's rent and got a receipt. What kind of leasehold does the tenant have? - correct answer
✔✔Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates - correct
answer ✔✔are of indeterminable duration
Real property can be converted to personal property by - correct answer ✔✔Severance
A lawsuit for inverse condemnation may be brought by - correct answer ✔✔a homeowner
A deed restriction is applicable to the activities of - correct answer ✔✔present and future owners.
If conditions for purchase are included in a deed and these conditions are violated, what is the penalty? -
correct answer ✔✔Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - correct answer ✔✔water rights.
, Which of the following BEST illustrates the concept and intent of a buffer zone? - correct answer
✔✔Garden apartments located between a single-family residential neighborhood and a shopping center.
A property owner died, having willed his real property to his two daughters. There is still a chance that
they could lose the land for a variety of reasons, but it CANNOT be taken through - correct answer
✔✔escheat
An environmental impact statement typically describes the effects of a proposed project on factors such
as - correct answer ✔✔public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT
the - correct answer ✔✔straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family residence? -
correct answer ✔✔Market data
A formal appraisal will ALWAYS be REQUIRED when the - correct answer ✔✔lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the
highest sales price if located in a neighborhood in which - correct answer ✔✔most homes are larger
than the sale home.
An appraiser MUST be licensed or certified to handle Federally related work on residential property
valued at more than - correct answer ✔✔$250,000
A competitive market analysis is MOST often used for - correct answer ✔✔setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for $900 a
month should sell for about $90,000? - correct answer ✔✔GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender,
title is held by the - correct answer ✔✔mortgagor
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in
the middle of the street. Which of the following characteristics MOST likely explains the price difference?
- correct answer ✔✔Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? -
correct answer ✔✔Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - correct answer
✔✔Contour map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1
month's rent and got a receipt. What kind of leasehold does the tenant have? - correct answer
✔✔Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates - correct
answer ✔✔are of indeterminable duration
Real property can be converted to personal property by - correct answer ✔✔Severance
A lawsuit for inverse condemnation may be brought by - correct answer ✔✔a homeowner
A deed restriction is applicable to the activities of - correct answer ✔✔present and future owners.
If conditions for purchase are included in a deed and these conditions are violated, what is the penalty? -
correct answer ✔✔Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - correct answer ✔✔water rights.
, Which of the following BEST illustrates the concept and intent of a buffer zone? - correct answer
✔✔Garden apartments located between a single-family residential neighborhood and a shopping center.
A property owner died, having willed his real property to his two daughters. There is still a chance that
they could lose the land for a variety of reasons, but it CANNOT be taken through - correct answer
✔✔escheat
An environmental impact statement typically describes the effects of a proposed project on factors such
as - correct answer ✔✔public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT
the - correct answer ✔✔straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family residence? -
correct answer ✔✔Market data
A formal appraisal will ALWAYS be REQUIRED when the - correct answer ✔✔lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the
highest sales price if located in a neighborhood in which - correct answer ✔✔most homes are larger
than the sale home.
An appraiser MUST be licensed or certified to handle Federally related work on residential property
valued at more than - correct answer ✔✔$250,000
A competitive market analysis is MOST often used for - correct answer ✔✔setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for $900 a
month should sell for about $90,000? - correct answer ✔✔GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender,
title is held by the - correct answer ✔✔mortgagor
