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50 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Items of personal property that are attached to, or incorporated into,the land in such a manner as to become real property are called |
A. Attachments B. Fixtures C. Incorporated items D. Furniture |
Fixtures |
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Anything attached to the land, such as buildings, fences,walls, walks and shrubs, are called? |
A. Permitted items B. Incorporated items C. improvements D. Enhancements |
Improvements |
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Township lines divide the land into a series of east-west strips called |
A. Levels B. Streets C. Tiers D. Sections |
Tiers |
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An area of land that contains 43,560 square feet is called |
A. Hectare B. Township C. Acre D. Perimeter |
Acre |
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Which of the following can transfer ownership of trade fixtures and personal property |
A. Invoice B. Bill of sale C. Transfer document D. Bill of lading |
Bill of sale |
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How many principal base and meridian line intersections does California have? |
A. 2 B. 3 C. 4 D. 1 |
3 |
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Which of the following is NOT A basic right of ownership included in the bundle of rights? |
A. Disposition B. Possession C. Enjoyment D. Sustainability |
Sustainability |
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Anything permanently attached or affixed to the land is called |
A. Fixtures B. Real property C. Personal property D. Attachments |
Real property |
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An interest, share, right, or equity in real estate that varies from the minimal right of a renter to tell maximum right of full owner is called |
A. Ownership B. Equity share C. Lease D. Estate |
Estate |
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Susie owns a life estate based upon her own life. She leases the property to a tenant on a three year lease. Susie, the life tenant, dies two years later. What happens to the lease? |
A. The lease is terminated B. The lease remains intact C. The lease can be renegotiated D. The lease is automatically renewed |
The lease is terminated |
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A signed or verbal statement by the named person that he /she has signed that document of his/her own free will is known as |
A. Vertification B. Acknowledgement C. Recording D. Actual notice |
Acknowledgement |
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When two or more people have identical interests in the whole property with the same right of possession and the right of survivorship, it is called |
A. Limited partnership B. Joint tenancy C. Corporate interests D. Unity in possesion |
Joint tenancy |
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All property acquired by a husband and wife during their marriage other than separate property you is called |
A. Community property B. Combined property C. Inheritances D. community goods |
Community property |
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The two major types of freehold Estates are |
A. Remainder and reversion B. Fee simple and life estate C. Life and remainder D. Fee simple and defensible |
Fee simple and life estate |
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When a landlord discovers that world is being done on the property without the landlords consent, he or she should |
A. File a mechanics lien against the tenant B. Issue a 3 day pay and quit notice C. Terminate the tenancy D. Post a notice of non responsibility on the property |
Post a notice of non responsibility on the property |
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A document that uses a property to secure the payment of a debt or the discharge of an obligation is called |
A. Lien B. I.O.U C. Tax assessment D. Grant deed |
Lien |
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An easement that is created for and beneficial to the owner of adjoining or attached lands is which type of easement ? |
A. Easement appurtenant B. easement abutting C. Easement approximate D. Easement non- encumbering |
Easement appurtenant |
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An easement by prescription requires which of the following to be valid |
A. 5 years continous use B. Open and notorious use C. Hostile use D. All of the above |
All of the above |
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A lien filed against a property by a person who was not paid after furnishing labor or materials for construction world on that property is called |
A. Mechanics lien B. Unpaid lien C. Voluntary lien D. Security lien |
Mechanics lien |
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The restriction on the use of private property by the local government agency is called |
A. Regulations B. Zoning C. Code enforcerment D. Government restrictions |
Zoning |
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A voluntary lien, for money owed, placed over more than one parcel, is called a |
A. Tax lien B. Blanket encumbrance C. Multi-parcel lien D. None of the above |
Blanket encumbrance |
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A wrongful unauthorized placement of improvements or permanent fixtures on a property by a non owner of that property is called |
A. Wrongful use B. Prescriptive use C. Zoning ordinance D. An encroachment |
An encroachment |
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An authorization to sell a property which may be given to several brokers, or the property my be sold by the owner, is called |
A. Free for all B. Non exclusive listing C. General property listing D. Open listing |
Open listing |
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A person who works under the direction control and supervision of the employer is known as a |
A. Independent contractor B. Employee C. Subagent D. All of the above |
Employee |
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Mixing the funds of a principal and a license is known as |
A. Commingling B. Joint account C. Trust account D. Mixed funding |
Commingling |
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A contract to employ a broker as an agent, to do certain,things for the owner/seller is known,as as |
A. Employment contract B. Power of attorney C. Listing D. Agency |
Listing |
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A required form, provided by the seller, which identifies items of value attached to the structure or land and states whether these items are operational, is called |
A. Operational form B. List of items working C. Transfer disclosure statement D. None of the above |
Transfer disclosure statement |
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A fiduciary relationship requires which of the following with the proncipal |
A. Reasonable skill and care B. Honesty, loyalty, integrity C. Good faith and fair dealing D. None of the above |
Honesty, loyalty, integrity |
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The person who hires or employs an agent to work for him or her is known as |
A. Employer B. Contractor C. Principal D. Third party |
Principal |
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When a person misrepresents a material fact, knowing that it is not true, or is carelessly indifferent to the truth of the stated facts, it is known as |
A. Puffing B. Lying C. Fraud D. None of the above |
Fraud |
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The substitution or exchange of a new contract for an existing one either intent to cancel the old contract is called |
A. Exchanging B. Novation C. Illusory D. Cancelation |
Novation |
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Which of the following is NOT A method of becoming an emancipated minor? |
A. Reaching the age of 16 years old B. Marrying C. Being a member of the armed forces D. Being declared self supporting by the courts |
Reaching the age of 16 years old |
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Some of the ways in which contracts may be classified include |
A. Valid B. Voidable C. Void D. All of the above |
Voidable |
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A person who is judged to be of unsound mind is now as a |
A. Loony B. Minor C. Incapacitated youth D. Incompetent |
Incompetent |
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You enter the coffee shop next door where you have an account, pour youself a cup of coffee, hold it up to the manager and wave as you leave the store. This would be an example of |
A. Privilege B. Express contract C. Implied contact D. Stealing |
Implied contract |
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You promise to pay a painter $2,000 to paint your house and the painter agrees to do it What type of contract is formed? |
A. Unilateral contract B. Implied contract C. Void contract D. Bilateral contract |
Bilateral contract |
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In a contract anything of value given by one party to another party to make the agreement binding is known as |
A. A gift B. Consideration C. A deposit D. None of the above |
Consideration |
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Which of the following can discharge a contract? |
A. Impossibility of performance B. Full performance C. Operation of law D. All of the above |
All of the above |
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The legal process of removing a tenant because there is a breach of the lease or rental agreement is called |
A. Eviction B. Unlawful detainer C. Lawsuit D. Three day,notice to pay |
Eviction |
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If a tenant does NOT leave after the expiration of the lease and retains possession, what has occured? |
A. Hostage possession B. Reversionary right C. Estate at sufferance D. None of the above |
Estate at sufferance |
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Minimum requirements of a lease include which of the following |
A. Description of property B. Amount of rent C. Length of duration of the lease D. All of the above |
All of the above |
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If tenant just moves out other vacates the premises without formal surre.der and never returns it is called |
A. Forbearance B. Surrender C. Lease termination D. Abandonment |
Abandonment |
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The amount of money paid for the use of a property is known as |
A. Booty B. Rent C. Dues D. Fees |
Rent |
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Providing the landlord with funds to pay for damages or unpaid rent when the tenant vacates is called a |
A. Security deposit B. Vacating fee C. Trust account D. Goodwill |
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A legal document that if oscar the tenant that he or she has 3 straight days to pay all past due rent, vacate the premises or face an unlawful detainer court action is known as a |
A. Court order B. 3 day notice to pay rent or quit C. Eviction notice D. None of the above |
3 day notice to pay rent or quit |
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An escrow holder can be a |
A. Corporation B. Attorney C. Real estate broker who acts as a real Estate agent in the transaction D. All of the above |
All of the above |
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The standard coverage CLTA title insurance policy is most often used and protects against |
A. Invalid deed delivery B. Unrecorded federal tax liens C. Forgeries D. All of the above |
All of the above |
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Items that are commonly prorated in escrow include |
A. Mortgage payments,interest, homeowners insurance B. Utilities, rents, improvements C. Fire insurance, rents, interest D. None of the above |
Fire insurance, rents, interest |
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The first step In a title search is for the escrow officer to order a |
A. Grant deed B. Trust fund deposit C. Preliminary title report D. None of the above |
Preliminary title report |
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The basic title insurance policy is the |
A. ALTA B. CLTA C. BLTA B. CLTA C. BLTA D. RESPA B. CLTA C. BLTA D. RESPA D. RESPA |
CLTA |
