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Terms in this set (136)
Two lots of the same size are Situs
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?
How does a creditor who has Writ of execution
obtained a judgment get
satisfaction against a debtor
who will not pay?
What type of map is MOST Contour map
useful for describing the
terrain of a very hilly lot?
A tenant rented an Tenancy at will
apartment, signing a
15month lease. After the
lease expired, the tenant
paid 1 month's rent and got a
receipt. What kind of
leasehold does the tenant
have?
, are of indeterminable duration
A major difference between
freehold and nonfreehold
estates is that all freehold
estates
Real property can be Severance
converted to personal
property by
A lawsuit for inverse a homeowner
condemnation may be
brought by
A deed restriction is present and future owners.
applicable to the activities of
If conditions for purchase Return of the property to the original owner.
are included in a deed and
these conditions are
violated, what is the
penalty?
The terms "littoral," water rights.
"riparian," and
"appropriative" refer to
Which of the following Garden apartments located between a single-family residential
BEST illustrates the neighborhood and a shopping center.
concept and intent of a
buffer zone?
A property owner died, escheat
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
, public health and safety
An environmental impact
statement typically
describes the effects of a
proposed project on factors
such as
straight-line method
All of the following are
methods to calculate the
reproduction or
replacement cost of a
building EXCEPT the
Which of the following Market data
approaches MOST reliably
estimates the sales price of a
single-family residence?
A formal appraisal will lender wants to sell the mortgage to the secondary market.
ALWAYS be REQUIRED when
the
According to the principle of most homes are larger than the sale home.
progression, a
threebedroom, one-story
home is MOST likely to bring
the highest sales price if
located in a neighborhood in
which
An appraiser MUST be $250,000
licensed or certified to
handle Federally related
work on residential
property valued at more
than