Real Estate Institute Final Exam correctly
answered
A key feature of joint tenancy is: - Survivorship
General liens include: - Judgement liens
Which one of the following statements about building codes is correct? - They
establish minimum standards in design, structural integrity, and construction
materials for structures erected in a particular community.
A survey would most likely be requested to determine if there are: -
Encroachments upon the property
Which of the following is true of a cooperative apartment? - A purchaser's interest
in a cooperative is treated as personal property.
When land is suddenly torn away by the violent action of nature it is called: -
Avulsion
Mrs. Jones has owned a 30-unit apartment building for 15 years. The repair and
maintenance costs are beginning to cut into her profits to the extent that her
, Real Estate Institute Final Exam correctly
answered
accountant has suggested she turn the apartments into condominium units. What
is the name given to this process? - Conversion
As set by zoning ordinance, the minimum allowable distance between the front
boundary of a lot and the front edge of a building is known as: - A setback
Which of the following word groups contain only involuntary, general liens? -
Inheritance tax lien, deficiency judgement lien, income tax lien.
Which of the following leases gives the right to occupy coupled with a shareholder
ownership interest? - A proprietary lease
The city zoning for a particular district is residential; however, the zoning
ordinance allows a special use for a few lots within the district to have limited
commercial activity. One of the lots entitled to the variance also has an old deed
restriction that mandates residential use only. The building on the lot, which
appears to be a converted residence, is presently being used by a telephone
answering service. Which of these restrictions would take precedence? - Thedeed
restriction requiring residential only activity
answered
A key feature of joint tenancy is: - Survivorship
General liens include: - Judgement liens
Which one of the following statements about building codes is correct? - They
establish minimum standards in design, structural integrity, and construction
materials for structures erected in a particular community.
A survey would most likely be requested to determine if there are: -
Encroachments upon the property
Which of the following is true of a cooperative apartment? - A purchaser's interest
in a cooperative is treated as personal property.
When land is suddenly torn away by the violent action of nature it is called: -
Avulsion
Mrs. Jones has owned a 30-unit apartment building for 15 years. The repair and
maintenance costs are beginning to cut into her profits to the extent that her
, Real Estate Institute Final Exam correctly
answered
accountant has suggested she turn the apartments into condominium units. What
is the name given to this process? - Conversion
As set by zoning ordinance, the minimum allowable distance between the front
boundary of a lot and the front edge of a building is known as: - A setback
Which of the following word groups contain only involuntary, general liens? -
Inheritance tax lien, deficiency judgement lien, income tax lien.
Which of the following leases gives the right to occupy coupled with a shareholder
ownership interest? - A proprietary lease
The city zoning for a particular district is residential; however, the zoning
ordinance allows a special use for a few lots within the district to have limited
commercial activity. One of the lots entitled to the variance also has an old deed
restriction that mandates residential use only. The building on the lot, which
appears to be a converted residence, is presently being used by a telephone
answering service. Which of these restrictions would take precedence? - Thedeed
restriction requiring residential only activity
