Exam 1: Introduction to Real Estate

Real property can be most completely defined as:

Which of the following is considered personal property?

A deeded easement of right-of-way over the land of another is considered to be:

Under Proposition 13, the maximum real property tax cannot exceed what percent of full cash value (before adjustments for inflation and voter approved bonds)?

An appraisal is defined as:

The state law that prevents agents from discriminating when providing real estate services to the public:

Which of the following must have an escrow license to handle the closing of the sale?

Which of the following is considered to be real property?

A due-on-sale clause in a real estate promissory note is correctly called:

Which of the following is false?

Which of the following is classified as personal property?

Which of the following is considered to be personal property?

An owner sells land, but reserves the mineral rights. Based on this, which of the following is true?

Personal property differs from real property in many aspects and is legally known as:

The rights of an owner are referred to as the "Bundle of Rights." Which of these is not one of these rights?

There was some question in the mind of the owner as to whether or not she had any riparian rights on her recently purchased property. She was informed that the riparian rights are:

Which government program requires the least down payment for the purchase of an owner-occupied $400,000 condo?

Permission to use underground waters, known as percolating waters, is owned by the:

Airspace directly above a parcel of land is considered to be:

The legal term referred to as real property includes all of the following, except: