Exam (Salesperson 1) Questions With
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key;Questions Answers
1, Which of the following would NOT be considered real property? - ANSWER-2
A leasehold estate
2, The servient estate in an easement appurtenant is the property -
ANSWER-on which the easement is placed
3, Which of the following statements concerning encumbrances is NOT true? -
ANSWER-2 All encumbrances are lines.
4, Which of the following is NOT a specific line? - ANSWER-1 State inheritance
taxes.
5, You have entered into a lease that requires you to pay 20 percent of the
owner's expenses. Your lease would be an example of a - ANSWER-2 net lease.
6, If a husband and wife own an apartment building and the husband owns an
undivided three-fourths interest and the wife owns a one-fourth interest, what
type of tenancy exists? - ANSWER-3. Tenancy in common
7, The highest form of ownership interest a person may hold in real estate is -
ANSWER-2. Fee simple
, 8, Two unrelated people own a three-unit apartment building as tenants in
common. One wants to sell but the other does not. Which of the following
statements describes the legal rights of the party who wants to sell? -
ANSWER-1. The party may request a court to partition the building.
9, Your aunt died intestate and you inherited her house. The way in which you
acquired the title to her house is by - ANSWER-2. descent.
10, Which of the following statements does NOT correctly describe a legal life
estate? - ANSWER-1. During his or her life estate the life tenant is generally
answerable to the holder of the future interest.
11, Which of the following is NOT a leasehold estate? - ANSWER-3. Time-share
estate
12, You are married and own a house under a form of ownership that prohibits
you from selling it without the signature of your spouse. Your form of
ownership is LEAST likely to be: - ANSWER-1. in severalty.
13, A state wants to build a publicly owned convention center to attract private
development in its largest city. Can the state use eminent domain to acquire the
land? - ANSWER-Yes, if just compensation is paid to the owners of the land.
14, Which of the following grants zoning authority to municipal governments? -
ANSWER-2. State enabling acts
15, The city in which you live has a zoning ordinance. The basis for the city to
have such an ordinance is - ANSWER-3. police power
16, Which of the following terms are NOT related? - ANSWER-4. police
power-deed restriction
17, Strict liability under Superfund means that - ANSWER-2. The owner is
responsible for the injured party without excuse.