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10 Cards in this Set
- Front
- Back
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1. The right of the government to take private property for public use is referred to as: pg 221 a. theft. b. put option. c. eminent domain. d. the power to tax. |
c. eminent domain. |
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2. __________ are interests in real estate which secure payment or performance of a debt or other monetary obligation, such as a trust deed lien or a local property tax lien. pg 226 a. Liens b. Legal descriptions c. Title insurance policies d. Bundle of rights |
a. Liens
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3. The first component of real estate is land, which includes: pg 227 a. soil. b. rocks. c. reasonable airspace above the earth. d. All of the above. |
d. All of the above. |
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4. The right to use water is called a: pg 230 a. riparian right. b. taking. c. fixture. d. endorsement. |
a. riparian right. |
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5. Incidental rights to real estate which are not located on the real estate nor reflected on its title are called: pg 232 a. trade fixtures. b. appurtenant rights. c. fructus industriales. d. freehold estates. |
b. appurtenant rights. |
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6. A(n) ________ lasts for a specific length of time as stated in a lease agreement entered into by a landlord and tenant. pg 238 a. tenancy-at-will b. estate at will c. fixed-term tenancy d. life estate interest |
c. fixed-term tenancy |
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7. On expiration of a lease, a tenant who remains in possession of a property without an agreement or acceptance of rent by the landlord for the extended occupancy becomes a: pg 245 a. holdover tenant. b. equity purchaser. c. subtenant. d. successor tenant. |
a. holdover tenant. |
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8. Improvements that become part of the real estate include walls, central air conditioning and: pg 250 a. wash stations in a beauty salon. b. chairs. c. attached flooring. d. drapes and curtains. |
c. attached flooring. |
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9. On expiration of a lease, the passage of real estate fixtures from the tenant to landlord is a conveyance called: pg 253 a. waste. b. tariff. c. sacrifice. d. reversion. |
d. reversion. |
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10. California established the __________ to act as a referee for all disputes over water rights. pg 258 a. Department of Real Estate (DRE) b. Department of Motor Vehicles (DMV) c. Federal Water Conservation Authority (FWCA) d. State Water Resources Control Board |
d. State Water Resources Control Board |
