Donaldson Final Exam Questions and Answers(RATED A)

Donaldson Final Exam Questions and
Answers(RATED A)


Man made markers such as a steel rod or concrete post may be part of what type of
legal description?

Select one:
A. Subdivision System
B. Government Survey System
C. Metes and Bounds
D. Lot & Block - ANSWER-Metes and Bounds

After unsuccessful negotiations, Joe went to court to gain regular access to his property.
The judge likely granted Joe a (an):

Select one:
A. personal easement in gross.
B. easement by necessity.
C. easement by prescription.
D. easement appurtenant. - ANSWER-B. easement by necessity.

When discussing the concept of total square footage with your client, what is the BEST
way to describe how the total square footage is measured?

Select one:
A. Measure all square footage of included real property, including both attached and
detached structures.
B. Total area of the property measured from the inside walls of the home.
C. Total Area Under Roof (TAUR)
D. Living area square footage only. - ANSWER-C. Total Area Under Roof (TAUR)

Which of the following is NOT a test of a fixture?

Select one:
A. Intention of the Parties
B. Manner of Removal
C. Adaptation to surroundings
D. Agreement of the Parties - ANSWER-B. Manner of Removal

A real estate development corporation purchased land for a condominium project. The
corporation most likely took title to the land

Select one:

,A. as a syndication.
B. In severalty.
C. as a joint tenant.
D. as a general partnership - ANSWER-D. as a general partnership

If an unmarried couple wished to purchase a home together and have the right of
survivorship, which form of ownership would they choose?

Select one:
A. Tenancy at Will
B. Tenancy by the Entirety
C. Tenancy in Common
D. Joint Tenancy - ANSWER-D. Joint Tenancy

Two sisters, Flo and Mae, inherit real property from their mother with no stipulation
except that one-third is to go to Flo and two-thirds to Mae. Which of the following is
true?

Select one:
A. Flo and Mae are joint tenants of the property.
B. Mae may not mortgage her interest in the property without Flo's consent.
C. Upon Flo's death, her portion of the property survives to Mae.
D. Upon Mae's death, her share passes to her heirs or devisees. - ANSWER-D. Upon
Mae's death, her share passes to her heirs or devisees.

All of the following would be public land use controls EXCEPT

Select one:
A. zoning
B. environmental protection laws
C. deed restrictions
D. subdivision regulations - ANSWER-C. deed restrictions

Joe was showing a home built before 1978. He must provide the purchaser a disclosure
regarding what environmental hazard before the purchaser enters into a purchase
agreement?

Select one:
A. Mold
B. Lead-based paint
C. UFFI
D. Asbestos - ANSWER-B. Lead-based paint

A property is sold which includes an old bakery business which has been in existence
on this location for years. After the purchase, the property is rezoned as residential land
but allows for the bakery under a grandfather law. The new property owners wish to

, continue operating the bakery business, but would like to demolish the old bakery and
build a new modern version with more conveniences built-in. What will the bakery's new
owners likely be able to do?

Select one:
A. The sellers must immediately close the bakery until the property is zoned correctly
B. The new owners may build any structure they choose as long as it conforms to the
local building codes and is used as a bakery
C. Since the property is now zoned residential, the owners will have to sell the bakery
and build a residential structure within 10 years
D. The new owners may continue operating the old bakery, but they may not build a
new one without fu - ANSWER-D. The new owners may continue operating the old
bakery, but they may not build a new one without further permission

Restrictive covenants are valid against:

Select one:
A. current and subsequent owners.
B. future owners only.
C. current owners only.
D. past owners only. - ANSWER-C. current owners only.

CC&Rs can be recorded by whom?

Select one:
A. By any property owner, usually the developer or current owner of the subdivision.
B. Only for one year at a time and must be renewed.
C. Only by the civil sheriff.
D. Only by subdivision developers. - ANSWER-A. By any property owner, usually the
developer or current owner of the subdivision.

The Principal of Substitution is most directly illustrated in the
______________________ to value by valuing a subject by comparing it to recently
sold equivalent properties and the price they sold for.

Select one:
A. the Cost Approach
B. the Market Price method
C. the Sales Comparison Approach
D. the Income Approach - ANSWER-C. the Sales Comparison Approach

A four-bedroom house with one bathroom carries a market value of $120,000. The
same house would likely be worth $125,000 if a bathroom could be easily added for a
cost of $10,000. This is an example of:

Select one: