Question 1

When would a metes and bounds survey be preferred?

Accepted Answer

A)  To describe irregularly shaped parcels 
B)  For mail delivery 
C)  To describe property in a subdivision 
D)  When a brief description is needed 
A)  To describe irregularly shaped parcels 
B)  For mail delivery 
C)  To describe property in a subdivision 
D)  When a brief description is needed

Question 2

How many acres does a parcel of land 660' by 660' contain?

Accepted Answer

A)  One-eighth acre 
B)  One acre 
C)  Ten acres 
D)  One hundred acres 
A)  One-eighth acre 
B)  One acre 
C)  Ten acres 
D)  One hundred acres

Question 3

A parcel of land contains 1,020 square yards. The front foot measurement is 80'. How deep is the parcel.

Accepted Answer

A)  114.75' 
B)  38.25' 
C)  127.5' 
D)  816' 
A)  114.75' 
B)  38.25' 
C)  127.5' 
D)  816'

Question 4

One acre contains most nearly 42,000 square feet.

Accepted Answer

A) True 
 B)False

Question 5

When there are two valid property descriptions of a piece of real property,

Accepted Answer

A)  metes and bounds descriptions take precedence. 
B)  government survey descriptions take precedence. 
C)  older descriptions take precedence over subsequent descriptions. 
D)  any description that adequately describes and distinguishes the property will apply. 
A)  metes and bounds descriptions take precedence. 
B)  government survey descriptions take precedence. 
C)  older descriptions take precedence over subsequent descriptions. 
D)  any description that adequately describes and distinguishes the property will apply.

Question 6

Prior to offering his property for sale, Sal was within his rights in removing the sink from the master bath.

Accepted Answer

A) True 
 B)False

Question 7

Of the following described properties, which contains the smallest amount of land?

Accepted Answer

A)  1/2 of a section 
B)  One mile by one mile 
C)  1/4 of 1/4 of a section 
D)  320 acres 
A)  1/2 of a section 
B)  One mile by one mile 
C)  1/4 of 1/4 of a section 
D)  320 acres

Question 8

Choose the one most appropriate answer for each.
-also known as rectangular survey or U.S.public land surve 20.24-by-24 mile area created by the guide meridians and correction lines

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 9

Any damage caused by the removal of the fixtures is the responsibility of the ____________________.

Accepted Answer

The answer of Any damage caused by the removal of...

Question 10

Choose the one most appropriate answer for each.
-a point, line, or surface from which a vertical height or depth is measured

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 11

Mineral rights are considered personal property.

Accepted Answer

A) True 
 B)False

Question 12

Choose the one most appropriate answer for each.
-possibly the most significant test of the existence of a fixture

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 13

Within any given township, section 18 can be found

Accepted Answer

A)  east of section 13. 
B)  west of section 17. 
C)  north of section 3. 
D)  south of section 27. 
A)  east of section 13. 
B)  west of section 17. 
C)  north of section 3. 
D)  south of section 27.

Question 14

Choose the one most appropriate answer for each.
-a right or interest in things of a temporary or movable nature

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

To transfer ownership of personal property, which document should be used?

Accepted Answer

A)  Bill of sale 
B)  Warranty deed 
C)  Quitclaim deed 
D)  Security agreement 
A)  Bill of sale 
B)  Warranty deed 
C)  Quitclaim deed 
D)  Security agreement

Question 16

Choose the one most appropriate answer for each.
-a parcel of land containing 43,560 square feet

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 17

The right to use water from a stream that is on or adjacent to your land is referred to as accretion.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following will always involve a plat?

Accepted Answer

A)  Lot and Block system 
B)  U.S. Geodetic survey system 
C)  U.S. rectangular survey 
D)  Tax assessor's parcel numbers 
A)  Lot and Block system 
B)  U.S. Geodetic survey system 
C)  U.S. rectangular survey 
D)  Tax assessor's parcel numbers

Question 19

Which of the following is personal property?

Accepted Answer

A)  Utility easement 
B)  Fixture 
C)  Ceiling fan 
D)  Electric fan plugged in 
A)  Utility easement 
B)  Fixture 
C)  Ceiling fan 
D)  Electric fan plugged in

Question 20

Choose the one most appropriate answer for each.
-type of measurement necessary when air rights need to be described

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

Exam 1: Nature and Description of Real Estate

When would a metes and bounds survey be preferred?

How many acres does a parcel of land 660' by 660' contain?

A parcel of land contains 1,020 square yards. The front foot measurement is 80'. How deep is the parcel.

One acre contains most nearly 42,000 square feet.

When there are two valid property descriptions of a piece of real property,

Prior to offering his property for sale, Sal was within his rights in removing the sink from the master bath.

Of the following described properties, which contains the smallest amount of land?

Choose the one most appropriate answer for each. -also known as rectangular survey or U.S.public land surve 20.24-by-24 mile area created by the guide meridians and correction lines

Any damage caused by the removal of the fixtures is the responsibility of the ____________________.

Choose the one most appropriate answer for each. -a point, line, or surface from which a vertical height or depth is measured

Mineral rights are considered personal property.

Choose the one most appropriate answer for each. -possibly the most significant test of the existence of a fixture

Within any given township, section 18 can be found

Choose the one most appropriate answer for each. -a right or interest in things of a temporary or movable nature

To transfer ownership of personal property, which document should be used?

Choose the one most appropriate answer for each. -a parcel of land containing 43,560 square feet

The right to use water from a stream that is on or adjacent to your land is referred to as accretion.

Which of the following will always involve a plat?

Which of the following is personal property?

Choose the one most appropriate answer for each. -type of measurement necessary when air rights need to be described

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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