Legal Aspects of Real Estate Exam
2024/2025 Questions & Answers with
Complete Solution
, Legal Aspects of Real Estate Exam
2024/2025 Questions & Answers with
Complete Solution
(blank) are improvements made to leased property to meet the needs of the occupying
tenant - Answer ✓✓tenant improvements
(blank) are improvements unique to the tenants business which may be removed by the
tenant upon expiration of a lease or rental agreement - Answer ✓✓trade fixtures
(blank) are provisions added to title insurance policies to cover losses due to CC&R's,
violations, mechanic's leins, and the effects of inflations - Answer ✓✓endorsements
(blank) determines the proper physical location of the court which will hear a case -
Answer ✓✓venue
(blank) easements restrict an owner's ability to maintain or construct any improvements
which interfere with a neighbor's solar energy system - Answer ✓✓solar
(blank) is an accounting between a buyer and a seller which results in a refund to the
buyer in exchange for the return of the property to the seller - Answer ✓✓restitution
(blank) is an adverse possession claim of ownership based o a written instrument and is
held by the individual in possession of the property. - Answer ✓✓color of title
(blank) is the power of the state or local government to protect the public wellbeing -
Answer ✓✓police power
(blank) is the power of the state or local government to take property for public use -
Answer ✓✓Eminent Domain
(blank) is the right of surviving joint tenants or a spouse to succeed to the entire interest
of the deceased co-owner - Answer ✓✓the right of survivorship
(blank) may be used to authorize one spouse to manage and control community
property. - Answer ✓✓A revocable trust in which one spouse is named the trustee, a
power of attorney, or a limited partnership
(blank) of a title insurance policy identifies the insured, the property, the vesting, the
dollar amount of coverage, the premium paid and the recording - Answer ✓✓Schedule
A
2024/2025 Questions & Answers with
Complete Solution
, Legal Aspects of Real Estate Exam
2024/2025 Questions & Answers with
Complete Solution
(blank) are improvements made to leased property to meet the needs of the occupying
tenant - Answer ✓✓tenant improvements
(blank) are improvements unique to the tenants business which may be removed by the
tenant upon expiration of a lease or rental agreement - Answer ✓✓trade fixtures
(blank) are provisions added to title insurance policies to cover losses due to CC&R's,
violations, mechanic's leins, and the effects of inflations - Answer ✓✓endorsements
(blank) determines the proper physical location of the court which will hear a case -
Answer ✓✓venue
(blank) easements restrict an owner's ability to maintain or construct any improvements
which interfere with a neighbor's solar energy system - Answer ✓✓solar
(blank) is an accounting between a buyer and a seller which results in a refund to the
buyer in exchange for the return of the property to the seller - Answer ✓✓restitution
(blank) is an adverse possession claim of ownership based o a written instrument and is
held by the individual in possession of the property. - Answer ✓✓color of title
(blank) is the power of the state or local government to protect the public wellbeing -
Answer ✓✓police power
(blank) is the power of the state or local government to take property for public use -
Answer ✓✓Eminent Domain
(blank) is the right of surviving joint tenants or a spouse to succeed to the entire interest
of the deceased co-owner - Answer ✓✓the right of survivorship
(blank) may be used to authorize one spouse to manage and control community
property. - Answer ✓✓A revocable trust in which one spouse is named the trustee, a
power of attorney, or a limited partnership
(blank) of a title insurance policy identifies the insured, the property, the vesting, the
dollar amount of coverage, the premium paid and the recording - Answer ✓✓Schedule
A
