Barney Fletcher Exam questions 2 And
Answers
Which of the following statements is true of a private deed restriction?
A. it is imposed by an individual on other people through a contract or deed
B. it is put on a property by an owner to reduce tax liability
C. it applies only to crops on agricultural property
D. it is imposed by the city restricting the use on the property A. it is imposed by an
individual on other people through a contract or deed
A city council zoned a two block area so that only Spanish style homes could be built because of
the Spanish heritage in the area. This is usually referred to as which type of zoning?
A. directive zoning
B. aesthetic zoning because of architecture
C. cultural zoning
D. bulk zoning B. aesthetic zoning because of architecture
, Barney Fletcher Exam questions 2 And
Answers
A person bought a house and wanted to bring along a pet cougar to keep in the backyard. Which
of the following governmental rights would MOST likely prohibit this?
A. police power because the police have authority over types of animals for pets
B. urban development regulations as they list allowable animals for the properties
C. zoning ordinances because sometimes these contain what animals may be kept
D. building codes as they would contain the most restrictions for city dwellings C. zoning
ordinances because sometimes these contain what animals may be kept
Howe's property was assessed at $30,000. Rand's property was assessed at $35,000. Which is
true?
A. the ad valorem tax on Rand's property is higher than Howe's
B. the improvement tax on Rand's property is higher than Howe's
C. the special assessments on Rand's property are higher than Howe's
D. the special assessments on Howe's property are higher than Rand's property A. the ad
valorem tax on Rand's property is higher than Howe's
, Barney Fletcher Exam questions 2 And
Answers
A 3 year straight note was obtained at 10% per year. Interest paid the first two years was $4,200.
The loan on the house was 75% of the value. What was the total value of the property?
A. $21,000
B. $28,000
C. $31,040
D. $38,750 B. $28,000
$4,200 divided by 2 years = yearly interest of $2,100. $2,100 divided by 10% = $21,000 loan
divided by 75% = $28,000 price
A property sold for $75,000 with a down payment of 20%. The lender charged 3 discount points.
How much in dollars were the points?
A. $1,500
B. $1,800
C. $2,100
D. $2,250 B. $1,800
Answers
Which of the following statements is true of a private deed restriction?
A. it is imposed by an individual on other people through a contract or deed
B. it is put on a property by an owner to reduce tax liability
C. it applies only to crops on agricultural property
D. it is imposed by the city restricting the use on the property A. it is imposed by an
individual on other people through a contract or deed
A city council zoned a two block area so that only Spanish style homes could be built because of
the Spanish heritage in the area. This is usually referred to as which type of zoning?
A. directive zoning
B. aesthetic zoning because of architecture
C. cultural zoning
D. bulk zoning B. aesthetic zoning because of architecture
, Barney Fletcher Exam questions 2 And
Answers
A person bought a house and wanted to bring along a pet cougar to keep in the backyard. Which
of the following governmental rights would MOST likely prohibit this?
A. police power because the police have authority over types of animals for pets
B. urban development regulations as they list allowable animals for the properties
C. zoning ordinances because sometimes these contain what animals may be kept
D. building codes as they would contain the most restrictions for city dwellings C. zoning
ordinances because sometimes these contain what animals may be kept
Howe's property was assessed at $30,000. Rand's property was assessed at $35,000. Which is
true?
A. the ad valorem tax on Rand's property is higher than Howe's
B. the improvement tax on Rand's property is higher than Howe's
C. the special assessments on Rand's property are higher than Howe's
D. the special assessments on Howe's property are higher than Rand's property A. the ad
valorem tax on Rand's property is higher than Howe's
, Barney Fletcher Exam questions 2 And
Answers
A 3 year straight note was obtained at 10% per year. Interest paid the first two years was $4,200.
The loan on the house was 75% of the value. What was the total value of the property?
A. $21,000
B. $28,000
C. $31,040
D. $38,750 B. $28,000
$4,200 divided by 2 years = yearly interest of $2,100. $2,100 divided by 10% = $21,000 loan
divided by 75% = $28,000 price
A property sold for $75,000 with a down payment of 20%. The lender charged 3 discount points.
How much in dollars were the points?
A. $1,500
B. $1,800
C. $2,100
D. $2,250 B. $1,800
