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20 Cards in this Set
- Front
- Back
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1. Which type of easement gives an electric company the authority to install and maintain electric power lines?
a. In gross b. Prescription c. Appurtenant d. Implied |
a. In gross
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2. A 92‐year‐old man is being forced from his home because of a governmental taking. The home has been in his family for four generations. What recourse, if any, does he have?
a. He can file an injunction to stop the taking b. He can pay the delinquent property taxes to prevent the foreclosure c. He may request a condemnation proceeding to protest the amount of compensation being offered by the governmental body. d. He may do all of these. |
c. He may request a condemnation proceeding to protest the amount of compensation being offered by the governmental body.
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3. For a deed to be valid, a competent
a. Grantor, grantee, and two witnesses must sign the instrument. b. Grantor and two witnesses must sign the instrument c. Grantee and two witnesses must sign the instrument d. Grantee only must sign the instrument |
b. Grantor and two witnesses must sign the instrument
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4. The type or form of deed MOST commonly used to clear clouds on the title of real property is the
a. General warranty deed b. Special warranty deed c. Bargain and sale deed d. Quitclaim deed |
d. Quitclaim deed
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5. If the sale contract does not specify the type of deed to be delivered, the seller is required to provide a
a. General warranty deed b. Special warranty deed c. Bargain and sale deed d. Quitclaim deed |
a. General warranty deed
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6. The process of taking property under the power of eminent domain is called
a. Escheat b. Foreclosure c. Condemnation d. Voluntary alienation |
c. Condemnation
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7. The type of deed in which the grantor does not warrant the title in any manner EXCEPT against the grantor’s acts of the acts of the grantor’s representatives is called a
a. General warranty deed b. Special warranty deed c. Bargain and sale deed d. Quitclaim deed |
b. Special warranty deed
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8. The covenant against encumbrances in a deed is designed to guarantee that the
a. Grantor has not encumbered the property in any manner except as noted on the deed b. Grantee is responsible for any unpaid encumbrances c. Grantee has not encumbered the property d. Grantor will not encumbered the property |
a. Grantor has not encumbered the property in any manner except as noted on the deed
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9. In answering questions pertaining to quality of title, real estate licensees are
a. Required to give opinions because of their role as experts b. Required to advise prospective buyers to have a lawyer render an opinion or obtain title insurance c. Allowed to give their opinions because of their role as experts d. Allowed to give their opinions only when specifically asked by the buyer |
b. Required to advise prospective buyers to have a lawyer render an opinion or obtain title insurance
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10. The seisin clause in a deed specified
a. The type of estate being conveyed b. The improvements being transferred with the land. c. The rights reserved by the grantor d. That the grantor actually owns the property and has the right to sell it. |
d. That the grantor actually owns the property and has the right to sell it.
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11. The provision in a deed that names the parties and contains the granting clause is the
a. Premises b. Encumbrance clause c. Habendum clause d. Seisin clause |
a. Premises
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12. An owner placed a condition in the deed stipulating that a commercial building could NOT be erected on the property until at least the year 2020. This is an example of
a. Police power b. Deed restriction c. Subdivision restrictive covenants d. Governmental restriction on ownership |
b. Deed restriction
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13. An example of an encumbrance on title to real property does NOT include
a. An easement b. A deed restriction c. A lien d. A premises clause in the deed |
b. A deed restriction
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14. When a lis pendens is filed properly with the county clerk, it becomes a type of
a. Attachment on the subject property b. Vendor’s lien c. Constructive notice d. Easement by prescription |
c. Constructive notice
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15. Which lien is first in priority?
a. A property tax lien effective on January 1, 2011 b. A special assessment lien certified on December 31, 2010 c. A first mortgage lien filed on July 15, 2011 d. A construction lien filed on November 30, 2010 |
a. A property tax lien effective on January 1, 2011
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16. A business has a five‐year variable lease for a suite in an office park. The first year of the lease calls for rent of $21.50 a square foot based on a beginning index of 189. The index increases to 195 at the second year. What is the new rental rate?
a. $22.18 b. $22.58 c. $22.89 d. $23.05 |
a. $22.18
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17. A married couple signed a contract to purchase a home in a residential subdivision. When the couple had the lot surveyed before closing, they discovered that the contractor had built the neighbor’s garage three inches inside the west boundary of their lot. The garage in its present location is an example of
a. A deed restriction b. An easement by prescription c. An implied easement d. An encroachment |
d. An encroachment
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18. When a pathway to a property has been used continuously and without interruption for more than 20 years, it creates an
a. Implied easement b. Encroachment c. Alienation by adverse possession d. Easement by prescription |
d. Easement by prescription
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19. Soon after a man’s death a deed was discovered in his desk. The deed is for the man’s home and it deeded the property to a charitable organization. The man is survived by his son, Andrew, who discovered the deed. The man died intestate. Based on this information, the house belongs to the
a. State because the man died intestate b. Charitable organization because the deed conveyed ownership to it c. Legal heir because the deed was never delivered and accepted d. Legal heir because the deed was not signed by the grantee |
c. Legal heir because the deed was never delivered and accepted
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20. A retail business rents a space in a mall. The lease calls for a base rent of $1,500 a month plus 5% of the annual gross sales that exceed $360,000. If the annual gross sales are $472,000, what is the total annual rent for the business?
a. $7,100 b. $23,600 c. $36,000 d. $41,000 |
b. $23,600
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