NATIONAL REAL ESTATE UPDATED
PRACTICE SOLUTION QUESTIONS AND
VERIFIED ANSWERS
●● easement by Necessity
Answer: A factory cannot obtain access to a road that can carry its new,
large trucks. After unsuccessful negotiations, the owner was able to get
access through an
●● encumbrance
Answer: A charge, claim or liability that someone has on the title of
someone else's property is a(an) _______________________.
●● situs
Answer: People's preference for a certain area is known as
●● 160 acres
Answer: A township contains 36 sections. Each section is a square mile
and contains 640 acres; therefore, a section of land divided several times
into quarters would contain
●● subdivision plats
Answer: Are also called lot and block descriptions
,●● one principal meridian and one base line
Answer: In most states under the rectangular survey system they
measure from:
●● not transferred by a Deed?
Answer: Personal Property
●● metes and bounds description must have
Answer: A fixed beginning point
●● uniqueness
Answer: the fact that all parcels of real estate differ geographically is
known as
●● trade fixture
Answer: fixture by attachment (walk in cooler)
●● silent partner
Answer: partnership as a limited partner is also called
●● in severalty
Answer: ownership is held entirely by one person this is known as
, ●● encroachment
Answer: A man built a fence that is partially on his neighbor's property.
This is an example of
●● metes and bounds
Answer: Measurement by angles and distances from a specific point
●● fixture
Answer: Personal Property that has been converted to real property by
being permanently affixed or attached to the land or building is known
as a (an):
●● township
Answer: piece of property which is divided into 36 sections of one
square mile each
●● permanence of investment
Answer: A property has great value as raw land, but has an existing
building and other improvements. The removal cost of these
improvements and their impact on value is an example of:
●● leave it to heirs
PRACTICE SOLUTION QUESTIONS AND
VERIFIED ANSWERS
●● easement by Necessity
Answer: A factory cannot obtain access to a road that can carry its new,
large trucks. After unsuccessful negotiations, the owner was able to get
access through an
●● encumbrance
Answer: A charge, claim or liability that someone has on the title of
someone else's property is a(an) _______________________.
●● situs
Answer: People's preference for a certain area is known as
●● 160 acres
Answer: A township contains 36 sections. Each section is a square mile
and contains 640 acres; therefore, a section of land divided several times
into quarters would contain
●● subdivision plats
Answer: Are also called lot and block descriptions
,●● one principal meridian and one base line
Answer: In most states under the rectangular survey system they
measure from:
●● not transferred by a Deed?
Answer: Personal Property
●● metes and bounds description must have
Answer: A fixed beginning point
●● uniqueness
Answer: the fact that all parcels of real estate differ geographically is
known as
●● trade fixture
Answer: fixture by attachment (walk in cooler)
●● silent partner
Answer: partnership as a limited partner is also called
●● in severalty
Answer: ownership is held entirely by one person this is known as
, ●● encroachment
Answer: A man built a fence that is partially on his neighbor's property.
This is an example of
●● metes and bounds
Answer: Measurement by angles and distances from a specific point
●● fixture
Answer: Personal Property that has been converted to real property by
being permanently affixed or attached to the land or building is known
as a (an):
●● township
Answer: piece of property which is divided into 36 sections of one
square mile each
●● permanence of investment
Answer: A property has great value as raw land, but has an existing
building and other improvements. The removal cost of these
improvements and their impact on value is an example of:
●● leave it to heirs
