REAL ESTATE LAW EXAM LATEST

REAL ESTATE LAW EXAM LATEST

ACTUAL EXAM 300 QUESTIONS AND

CORRECT DETAILED ANSWERS WITH

RATIONALES (VERIFIED ANSWERS)

|ALREADY GRADED A+

A line running northeasterly at an interior angle of 60°14'30" is not the same thing as a line running north 60°14'30". true or false - ANSWER- false

The distance of a call is most often measured in rods and chains.true or false? - ANSWER- flase

Indicate whether the statement is true or false.A boundary survey locates the boundaries of the land in question and provides a description of the land. - ANSWER- true

When a legal description involves a curve, the land surveyor should give all of the following information about each curve, EXCEPT - ANSWER- the identification of the quadrants.

A beginning point on a metes and bounds description can be any point on a parcel of land. true or false - ANSWER- false

Which of the following is NOT used when identifying a township square? - ANSWER- The distance from the closest correction line

A rod is longer than a chain. true or false - ANSWER- false

A survey should show all adjacent streets, roads, and highways and indicate whether the accesses are public or private. true or false - ANSWER- true

Surveys are prepared by - ANSWER- land surveyor

A metes and bounds description should both begin and end at the beginning point. true or false - ANSWER- true

Most surveyors prepare surveys based on standards developed jointly by the state legislature and surveyors true or false - ANSWER- false

Generally, when reviewing a survey, it is not acceptable to write or mark on the survey. true or false - ANSWER- false

The sections in a township square are numbered beginning in which corner? - ANSWER- northeast

A judgment lien does not become a lien on real property until - ANSWER- the lien is recorded in the Judgment Book or General Execution Docket.

Which of the following is NOT an enforcement weapon the EPA may use to clean up hazardous waste sites? - ANSWER- EPA can have the responsible parties imprisoned for failure to clean up the site

Underground storage tanks containing petroleum are generally regulated by - ANSWER- state law

Most assessed values are based on the purchase price of the property. true or false - ANSWER- false

A federal tax lien generally has a 10-year lifetime. true or false - ANSWER- true

Indicate whether the statement is true or false.Zoning is considered constitutional as long as the zoning regulation bears some reasonable relation to the public welfare. - ANSWER- true

Private restrictive covenants often perform the same function as public zoning regulations, but in many instances they are more restrictive than public zoning regulations true or false - ANSWER- true

Mechanics' and materialmen's liens attach to real property but do not attach to improvements to the property. true or false - ANSWER- false

Which of the following is generally NOT included on a claim or notice of lien in regard to a mechanics' or materialmen's lien? - ANSWER- Notarized signature of the owner of the property

Most city governments can - ANSWER- create subdivision laws

The right granted by a property owner to a nonowner to use real property for a special purpose is called a(n) - ANSWER- easement Most states interpret a conveyance without limitation as transferring a fee simple determinable to the grantee.False

Once a gift is complete, the gift is irrevocable.True

A person can obtain title by adverse possession by camping in a state park for seven continuous years.False