WEICHERT REAL ESTATE EXAM 3
QUESTIONS AND ANSWERS 100%
CORRECT
The eaves of your garage extended over your property line and onto a neighbor's
property. This is best described as:
Chapter 6 ( 101)
A. A prescriptive easement
B. An encroachment
C. An easement appurtenant
D.. A code violation - ANSWER-B.An encroachment
When all part of a building, fence, driveway, or any other installation legally extends
beyond the land of its owner and covers some land of an adjoining owner or a street or
alley, an encroachment arise.
The right of a utility company to enter someone's property of repairing or maintaining the
utility service is called
Chapter 6 (99)
A. An easement in gross
B. An easement appurtenant
C. Eminent domain
D. A prescriptive easement - ANSWER-A. An easement in gross
A simple right to use the land of another is an easement in gross. Example, the power
company owns an easement in gross on boundary line of both lots. No adjoining lands
are involved. If the need of easement were to cease, the easement would cease to
exist.
Easement appurtenant : an easement that grant rights to the owner of an adjacent
parcel of land (một sự dễ dàng trao quyền cho chủ sở hữu của một thửa đất liền kề)
Easement by prescription: when someone has used another person's land for a certain
period of time
Mark, Linda, Susanne, and George own a property as joint tenants. Linda sells her
interest to Phil. What is the new relationship of the parties?
Chapter 7
A. Phil replaces Linda as a joint tenant with 25% in interest in the property
B. Phil owns a 25% interest as a tenant in common with Mark, Susanne, and George
who remain joint tenants with a 75% interest in the property
C. Phil owns a 25% interest in severalty. Mark, Susanne, and George remain joint
tenants for a 75% interest in the property
D. Phil, Mark, Susanne, and George are now tenants in common, each with 25%
interest in the property - ANSWER-B. Phil owns a 25% interest as a tenant in common
,with Mark, Susanne, and George who remain joint tenants with a 75% interest in the
property
Joint tenants : two or more people can also choose to own property
Tenancy in common: When two or more people own property, they do so as tenant in
common.
The form of estate which gives an owner the most control over their property is a(n)
Chapter 4
A. Fee simple absolute
B. Fee determinable
C. Life estate
D. Estate for years - ANSWER-A. Fee simple absolute
An estate is fee simple is the highest type of interest in real estate recognized by law. A
free simple estate is one in which the holder is entitled to all right in the property. There
is no time limit on a fee simple estate: it is said to run forever. On the owner's death, the
estate passes to his or her heirs. The term fee, fee simple, or fee simple absolute are
used interchangeably.
Fee determinable is an estate in land that can terminate on the occurrence or
nonoccurrence of a specified events. Định phí là bất động sản trên đất có thể chấm dứt
khi xảy ra hoặc không xảy ra các sự kiện cụ thể.
A life estate is limited to the life of a specific person. Di sản được giới hạn trong cuộc
sống của một người cụ thể
While researching the public records on a property you list, you note a "Lis Pendens"
notation. Which of the following is the least likely cause?
Chapter 6 (98)
A. Non-payment of taxes
B. Delinquent car loan payment
C. Mortgage foreclosure suit
D. Suit for specific performance - ANSWER-B.delinquent car loan payment (thanh toán
khoản vay mua ô tô trước hạn)
Lis Penden notation is not a lien but rather a notice of possible future legal action
against the property. Recording of the lis pendent give notice to all interest parties, such
as prospective purchasers and lenders, and established a priority for the later lien,
which is dated back to the date the lis penden was filed for record. The lis pendent
creates a cloud on the title until the lawsuit is settled.
A judgment or other decree affecting real estate is rendered at the conclusion of a
lawsuit. Generally, considerable time elapses between the filling of a lawsuit and the
rendering of a judgment.When any suit is filed that potentially affects title to a specified
parcel of real estate, a notice known as a lis pendent is recorded.
, Under the government survey system, the north-east quarter of section 16 of a township
contains
Chapter 19 ( 323)
A. 640 acres
B. 320 acres
C. 160 acres
D. 40 acres - ANSWER-C. 160
Each section contains one square mile, or 640 acres, and is divided into quarters for
reference purposes. One could refer to the southeast quarter, a 160-acre tract, this
would be abbreviated as SE 1/4
When a sewer line is installed down a rural road, the cost will probably be shared
A. All current owners of real estate fronting on the road
B. All taxpayers in the township
C. Only the property owners along the road who decommission their existing septic
systems
D. Only owners of new homes along the road as they will be built without septic systems
- ANSWER-A. All current owners of real estate fronting on the road
Under the Comprehensive Environmental Response, Compensation & Liability Act
(CERLA), liability for the cost of clean-up due to environmental contamination/violations
is the responsibility of
Chapter 9 (141)
A. Only the current property owner
B. The property at the time of contamination/violation occurred
C. All property owners from the point at which the contamination/violation was first
identified
D. All property owners, past and present regardless of their personal liability -
ANSWER-D. All property owners, past and present regardless of their personal liability
This liability includes the clean up not only for the landowner's property, but also any
neighboring property that has been contaminated. A landowner who is not responsible
for the contamination can seek recovery reimbursement for the cleanup cost from
previous landowners, any other responsible party, or the Superfund.
Government's right to take private property for the public or use is called
Chapter 9 ( 130)
A. Eminent domain
B. Escheatment
C. Condemnation ( vu ket an or tien boi thuong )
D. Force majeure - ANSWER-A. eminent domain
Eminent domain enables a government to exercise its right to acquire privately owned
real estate for public use through the process of condemnation. The talking must be for
the public good, and the owner must receive just compensation. If, after negotiation, the
owner does not agree to taking, or a fair price cannot be agreed upon, the a
condemnation suit can be instituted. If, after a condemnation hearing, agreement is still
QUESTIONS AND ANSWERS 100%
CORRECT
The eaves of your garage extended over your property line and onto a neighbor's
property. This is best described as:
Chapter 6 ( 101)
A. A prescriptive easement
B. An encroachment
C. An easement appurtenant
D.. A code violation - ANSWER-B.An encroachment
When all part of a building, fence, driveway, or any other installation legally extends
beyond the land of its owner and covers some land of an adjoining owner or a street or
alley, an encroachment arise.
The right of a utility company to enter someone's property of repairing or maintaining the
utility service is called
Chapter 6 (99)
A. An easement in gross
B. An easement appurtenant
C. Eminent domain
D. A prescriptive easement - ANSWER-A. An easement in gross
A simple right to use the land of another is an easement in gross. Example, the power
company owns an easement in gross on boundary line of both lots. No adjoining lands
are involved. If the need of easement were to cease, the easement would cease to
exist.
Easement appurtenant : an easement that grant rights to the owner of an adjacent
parcel of land (một sự dễ dàng trao quyền cho chủ sở hữu của một thửa đất liền kề)
Easement by prescription: when someone has used another person's land for a certain
period of time
Mark, Linda, Susanne, and George own a property as joint tenants. Linda sells her
interest to Phil. What is the new relationship of the parties?
Chapter 7
A. Phil replaces Linda as a joint tenant with 25% in interest in the property
B. Phil owns a 25% interest as a tenant in common with Mark, Susanne, and George
who remain joint tenants with a 75% interest in the property
C. Phil owns a 25% interest in severalty. Mark, Susanne, and George remain joint
tenants for a 75% interest in the property
D. Phil, Mark, Susanne, and George are now tenants in common, each with 25%
interest in the property - ANSWER-B. Phil owns a 25% interest as a tenant in common
,with Mark, Susanne, and George who remain joint tenants with a 75% interest in the
property
Joint tenants : two or more people can also choose to own property
Tenancy in common: When two or more people own property, they do so as tenant in
common.
The form of estate which gives an owner the most control over their property is a(n)
Chapter 4
A. Fee simple absolute
B. Fee determinable
C. Life estate
D. Estate for years - ANSWER-A. Fee simple absolute
An estate is fee simple is the highest type of interest in real estate recognized by law. A
free simple estate is one in which the holder is entitled to all right in the property. There
is no time limit on a fee simple estate: it is said to run forever. On the owner's death, the
estate passes to his or her heirs. The term fee, fee simple, or fee simple absolute are
used interchangeably.
Fee determinable is an estate in land that can terminate on the occurrence or
nonoccurrence of a specified events. Định phí là bất động sản trên đất có thể chấm dứt
khi xảy ra hoặc không xảy ra các sự kiện cụ thể.
A life estate is limited to the life of a specific person. Di sản được giới hạn trong cuộc
sống của một người cụ thể
While researching the public records on a property you list, you note a "Lis Pendens"
notation. Which of the following is the least likely cause?
Chapter 6 (98)
A. Non-payment of taxes
B. Delinquent car loan payment
C. Mortgage foreclosure suit
D. Suit for specific performance - ANSWER-B.delinquent car loan payment (thanh toán
khoản vay mua ô tô trước hạn)
Lis Penden notation is not a lien but rather a notice of possible future legal action
against the property. Recording of the lis pendent give notice to all interest parties, such
as prospective purchasers and lenders, and established a priority for the later lien,
which is dated back to the date the lis penden was filed for record. The lis pendent
creates a cloud on the title until the lawsuit is settled.
A judgment or other decree affecting real estate is rendered at the conclusion of a
lawsuit. Generally, considerable time elapses between the filling of a lawsuit and the
rendering of a judgment.When any suit is filed that potentially affects title to a specified
parcel of real estate, a notice known as a lis pendent is recorded.
, Under the government survey system, the north-east quarter of section 16 of a township
contains
Chapter 19 ( 323)
A. 640 acres
B. 320 acres
C. 160 acres
D. 40 acres - ANSWER-C. 160
Each section contains one square mile, or 640 acres, and is divided into quarters for
reference purposes. One could refer to the southeast quarter, a 160-acre tract, this
would be abbreviated as SE 1/4
When a sewer line is installed down a rural road, the cost will probably be shared
A. All current owners of real estate fronting on the road
B. All taxpayers in the township
C. Only the property owners along the road who decommission their existing septic
systems
D. Only owners of new homes along the road as they will be built without septic systems
- ANSWER-A. All current owners of real estate fronting on the road
Under the Comprehensive Environmental Response, Compensation & Liability Act
(CERLA), liability for the cost of clean-up due to environmental contamination/violations
is the responsibility of
Chapter 9 (141)
A. Only the current property owner
B. The property at the time of contamination/violation occurred
C. All property owners from the point at which the contamination/violation was first
identified
D. All property owners, past and present regardless of their personal liability -
ANSWER-D. All property owners, past and present regardless of their personal liability
This liability includes the clean up not only for the landowner's property, but also any
neighboring property that has been contaminated. A landowner who is not responsible
for the contamination can seek recovery reimbursement for the cleanup cost from
previous landowners, any other responsible party, or the Superfund.
Government's right to take private property for the public or use is called
Chapter 9 ( 130)
A. Eminent domain
B. Escheatment
C. Condemnation ( vu ket an or tien boi thuong )
D. Force majeure - ANSWER-A. eminent domain
Eminent domain enables a government to exercise its right to acquire privately owned
real estate for public use through the process of condemnation. The talking must be for
the public good, and the owner must receive just compensation. If, after negotiation, the
owner does not agree to taking, or a fair price cannot be agreed upon, the a
condemnation suit can be instituted. If, after a condemnation hearing, agreement is still
