Question 1

Tests of a fixture include all of the following EXCEPT

Accepted Answer

A)  agreement of the parties. 
B)  adaptability of the object. 
C)  value of the item. 
D)  manner of attachment. 
A)  agreement of the parties. 
B)  adaptability of the object. 
C)  value of the item. 
D)  manner of attachment.

Question 2

The number of feet of wire required to enclose 1/4 of 1/4 of a section of land with two strands of wire is

Accepted Answer

A)  5,280 feet. 
B)  10,560 feet. 
C)  21,120 feet. 
D)  34,848 feet. 
A)  5,280 feet. 
B)  10,560 feet. 
C)  21,120 feet. 
D)  34,848 feet.

Question 3

Air rights may be included in the definition of real property.

Accepted Answer

A) True 
 B)False

Question 4

Comparing sections and townships, a township is 6 square miles.

Accepted Answer

A) True 
 B)False

Question 5

The most important factor in determining whether an item has become a fixture is the

Accepted Answer

A)  method of attachment. 
B)  agreement of the parties. 
C)  adaptability of the item. 
D)  original cost of the item. 
A)  method of attachment. 
B)  agreement of the parties. 
C)  adaptability of the item. 
D)  original cost of the item.

Question 6

Choose the one most appropriate answer for each.
-latitude line that intercepts a principal meridian

Accepted Answer

A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table 
A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table

Question 7

Choose the one most appropriate answer for each.
-right or privilege or improvement that belongs to and passes with the land

Accepted Answer

A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table 
A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table

Question 8

In the term "metes and bounds", metes can best be described as an indication of meters.

Accepted Answer

A) True 
 B)False

Question 9

Choose the one most appropriate answer for each.
-any form of land development, such as buildings, roads, fences, and pipelines

Accepted Answer

A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table 
A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table

Question 10

A parcel of land measuring 1,320' × 660' would contain how much land?

Accepted Answer

A)  10 acres 
B)  20 acres 
C)  30 acres 
D)  40 acres 
A)  10 acres 
B)  20 acres 
C)  30 acres 
D)  40 acres

Question 11

Examples of improvements that have become part of the real property would include fences, roads, and pipelines.

Accepted Answer

A) True 
 B)False

Question 12

The best determinant of whether an item is real or personal property is

Accepted Answer

A)  the intent of the parties. 
B)  its size and weight. 
C)  its value. 
D)  the appraiser's opinion. 
A)  the intent of the parties. 
B)  its size and weight. 
C)  its value. 
D)  the appraiser's opinion.

Question 13

One uniform policy across the United States stipulates that water beneath the land surface is called ____________________.

Accepted Answer

The answer of One uniform policy across the United States...

Question 14

Choose the one most appropriate answer for each.
-location preference

Accepted Answer

A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table 
A) acre 
B) adaptation 
C) agreement 
D) appurtenance 
E) base line
F)bench marks
G)datum
H)fixity
I)government survey
J)improvements
K)informal references
L)nonhomogenity
M)personal property
N)quadrangle
O)real estate
P)recorded plat
Q)scarcity
R)situs
S)vertical land descriptions
T)water table

Question 15

Regarding real property,

Accepted Answer

A)  mineral rights must run with the land. 
B)  air rights can be granted by deed. 
C)  annual crops are considered real property because they are attached to the land. 
D)  man made buildings are not part of the real property. 
A)  mineral rights must run with the land. 
B)  air rights can be granted by deed. 
C)  annual crops are considered real property because they are attached to the land. 
D)  man made buildings are not part of the real property.

Question 16

Buildings or other improvements do not need to be mentioned in the deed because they are considered to be part of the ____________________.

Accepted Answer

The answer of Buildings or other improvements do not need...

Question 17

A TV antenna attached to the chimney would be considered the property of the sellers and could be removed by them.

Accepted Answer

A) True 
 B)False

Question 18

A metes and bounds survey begins at the point of beginning and ends at the

Accepted Answer

A)  last benchmark. 
B)  point of beginning. 
C)  first monument used. 
D)  datum. 
A)  last benchmark. 
B)  point of beginning. 
C)  first monument used. 
D)  datum.

Question 19

Most subdivision plats make use of which type of land description?

Accepted Answer

A)  U.S. government survey 
B)  Rectangular survey 
C)  Assessor's parcel number 
D)  Lot and block 
A)  U.S. government survey 
B)  Rectangular survey 
C)  Assessor's parcel number 
D)  Lot and block

Question 20

A condominium parking stall would be considered to "run with the land" and would be considered to be an ____________________.

Accepted Answer

The answer of A condominium parking stall would be considered...

Exam 1: Nature and Description of Real Estate

Tests of a fixture include all of the following EXCEPT

The number of feet of wire required to enclose 1/4 of 1/4 of a section of land with two strands of wire is

Air rights may be included in the definition of real property.

Comparing sections and townships, a township is 6 square miles.

The most important factor in determining whether an item has become a fixture is the

Choose the one most appropriate answer for each. -latitude line that intercepts a principal meridian

Choose the one most appropriate answer for each. -right or privilege or improvement that belongs to and passes with the land

In the term "metes and bounds", metes can best be described as an indication of meters.

Choose the one most appropriate answer for each. -any form of land development, such as buildings, roads, fences, and pipelines

A parcel of land measuring 1,320' × 660' would contain how much land?

Examples of improvements that have become part of the real property would include fences, roads, and pipelines.

The best determinant of whether an item is real or personal property is

One uniform policy across the United States stipulates that water beneath the land surface is called ____________________.

Choose the one most appropriate answer for each. -location preference

Regarding real property,

Buildings or other improvements do not need to be mentioned in the deed because they are considered to be part of the ____________________.

A TV antenna attached to the chimney would be considered the property of the sellers and could be removed by them.

A metes and bounds survey begins at the point of beginning and ends at the

Most subdivision plats make use of which type of land description?

A condominium parking stall would be considered to "run with the land" and would be considered to be an ____________________.

Rights and Interests in Land

Forms of Ownership

Transferring Title

Recordation Abstracts and Title Insurance

Contract Law

Real Estate Sales Contracts

Mortgage and Note

Deed of Trust

Lending Practices

The Loan and the Consumer

Sources of Financing

Types of Financing

Taxes and Assessments

Title Closing and Escrow

Real Estate Leases

Real Estate Appraisal

Licensing Laws and Professional Affiliation

The Principal-Broker Relationship: Employment

The Principal-Broker Relationship: Agency

Fair Housing, Ada, Equal Credit, and Community Reinvestment

Condominiums, Cooperatives, Puds, and Timeshares

Property Insurance

Land-Use Control

Real Estate and the Economy

Investing in Real Estate

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