Psi real estate exam
Many states determine the order of water rights according to which users of the water hold a recorded
beneficial use permit. This allocation of water rights is determined by
A. Accretion
B. Riparian Theory
C. Litoral theory
D. The doctrine of prior appropriation - correct answer ✔✔D. The doctrine of prior appropriation
The right to control one's property includes all of the following EXCEPT
A. the right to invite people on the property for a political fund-raiser
B. the right to erect "no trespassing " signs
C. the right to exclude the utilities meter reader
D. the right to enjoy pride of ownership - correct answer ✔✔C. the right to exclude the utilities meter
reader
which of the following types of ownership cannot be created by operation of law but must be created by
parties expressed intent?
A. community property
B. tenancy by the entireties
C. tenancy in common
D. condominium ownership - correct answer ✔✔B. tenancy by the entireties
which of the following is considered to be personal property?
A. Wood-burning fireplace
B. patio furniture
C. furnace
D. bath tubs - correct answer ✔✔B. Patio furniture
,the word " improvement " would refer to all of the following except?
A. streets
B. A sanitary sewer system
C. trade fixture
D. the foundation - correct answer ✔✔C. trade fixture
all of the following are physical characteristics of the land except ?
A. indestructibility
B. Scarcity
C. Uniqueness
D. immobility - correct answer ✔✔B. Scarcity
Certain items on the premises that are installed by the tenant and are related to the tenant's business
are called
A. Fixtures
B. Emblements
C. Trade fixtures
D. Easements - correct answer ✔✔C. trade fixtures
personal property includes all of the following except?
A. fixtures
B. Chattels
C. Fructus industries
D. emblements - correct answer ✔✔A. fixtures
a person who has complete control over a parcel of real estate is said to own a ?
A. leasehold estate
B. life estate
C. defeasible fee estate
, D. fee simple estate - correct answer ✔✔D. fee simple estate
a portion of Wendell's building was inadvertently built on Ginny's land this is called an
A. Accretion
B. Avulsion
C. Encroachment
D. easement - correct answer ✔✔C. Encroachment
the purchase of a ticket for a professional sporting event gives the bearer what?
A. A license to enter and claim a seat for the duration of the game
B. An easement in gross interest in the professional sporting team
C. An easement right to park his car
D. A license to sell food and beverages at the sporting event - correct answer ✔✔A. A license to enter
and claim a seat for the duration of the game
If the owner of the dominant tenement becomes the owner of the servient tenement and merges the
two properties, what happens?
A. the easement becomes dormant
B. the easement is unaffected
C. the properties retain their formal status
D. the easement is terminated - correct answer ✔✔D. the easement is terminated
Homeowner Ginny acquired the ownership of land that was deposited by a river running through her
property by?
A. relication
B. succession
C. Accretion
D. Avulsion - correct answer ✔✔C. Accretion
the rights of the owner of property located along the banks of a river are called?
Many states determine the order of water rights according to which users of the water hold a recorded
beneficial use permit. This allocation of water rights is determined by
A. Accretion
B. Riparian Theory
C. Litoral theory
D. The doctrine of prior appropriation - correct answer ✔✔D. The doctrine of prior appropriation
The right to control one's property includes all of the following EXCEPT
A. the right to invite people on the property for a political fund-raiser
B. the right to erect "no trespassing " signs
C. the right to exclude the utilities meter reader
D. the right to enjoy pride of ownership - correct answer ✔✔C. the right to exclude the utilities meter
reader
which of the following types of ownership cannot be created by operation of law but must be created by
parties expressed intent?
A. community property
B. tenancy by the entireties
C. tenancy in common
D. condominium ownership - correct answer ✔✔B. tenancy by the entireties
which of the following is considered to be personal property?
A. Wood-burning fireplace
B. patio furniture
C. furnace
D. bath tubs - correct answer ✔✔B. Patio furniture
,the word " improvement " would refer to all of the following except?
A. streets
B. A sanitary sewer system
C. trade fixture
D. the foundation - correct answer ✔✔C. trade fixture
all of the following are physical characteristics of the land except ?
A. indestructibility
B. Scarcity
C. Uniqueness
D. immobility - correct answer ✔✔B. Scarcity
Certain items on the premises that are installed by the tenant and are related to the tenant's business
are called
A. Fixtures
B. Emblements
C. Trade fixtures
D. Easements - correct answer ✔✔C. trade fixtures
personal property includes all of the following except?
A. fixtures
B. Chattels
C. Fructus industries
D. emblements - correct answer ✔✔A. fixtures
a person who has complete control over a parcel of real estate is said to own a ?
A. leasehold estate
B. life estate
C. defeasible fee estate
, D. fee simple estate - correct answer ✔✔D. fee simple estate
a portion of Wendell's building was inadvertently built on Ginny's land this is called an
A. Accretion
B. Avulsion
C. Encroachment
D. easement - correct answer ✔✔C. Encroachment
the purchase of a ticket for a professional sporting event gives the bearer what?
A. A license to enter and claim a seat for the duration of the game
B. An easement in gross interest in the professional sporting team
C. An easement right to park his car
D. A license to sell food and beverages at the sporting event - correct answer ✔✔A. A license to enter
and claim a seat for the duration of the game
If the owner of the dominant tenement becomes the owner of the servient tenement and merges the
two properties, what happens?
A. the easement becomes dormant
B. the easement is unaffected
C. the properties retain their formal status
D. the easement is terminated - correct answer ✔✔D. the easement is terminated
Homeowner Ginny acquired the ownership of land that was deposited by a river running through her
property by?
A. relication
B. succession
C. Accretion
D. Avulsion - correct answer ✔✔C. Accretion
the rights of the owner of property located along the banks of a river are called?
