FREE REAL ESTATE AND STUDY GAMES ABOUT CHAPTER

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FREE REAL ESTATE AND STUDY GAMES ABOUT CHAPTER

1 EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -144 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: A metes and bounds description must have all of the following EXCEPT

Answer:

• a definite point of beginning

• the name of the county and state

(3) the approximate square footage or acreage

• compass directions and distances from one point to the next

Question 2: A metes and bounds description might be insufficient if

Answer:

(1) it dose not have enough sides to close

• it is irregular in shape

Question 3: Whether an item is or not a fixture is not always clear

Five test can help make it clear

Answer:

MARIA - Modification, Attachment, Relationship of the parties, Intentions of the annexing party, Agreement

Question 4: Percolating Water

Answer:

Underground water not confined to a specific waterway, channel or stream

Question 5: Basic Requirements - Metes and Bounds (Long Form)

Answer:

(1) land lot (2)district (3) section or Militia District, where applicable (4) County (5) State (6) definite point of beginning (7) compass direction and distance, form one point to the next, returning to the point of beginning ( closure) (8) address of p

Question 6: A permanent addition to a building is

Answer:

real property

Question 7: water table refers to the

Answer:

level at which percolating water is found below the earth's surface

Question 8: Riparian Rights

Answer:

A landowner's right to use and enjoy the water from a river, stream, lake which adjoins the owned land.Owner may even divert water for irrigation, but only if the natural flow is not interrupted or altered.

Question 9: Real property is changed into personal property by

Answer:

• the right of appropriation

(2.) severance

• the law of capture

• fructus naturales

Question 10: What Survey is not used in Ga.

Answer:

Rectangular Survey

Question 11: Rights or privileges that are with real property are

Answer:

appurtenances

Question 12: all of the following are physical characteristics of land , EXCEPT

Answer:

• indestructibility

• uniqueness

• immobility

(4) scarcity

Question 13: Metes and Bounds

Answer:

A legal description identifies the parcel by describing its boundaries, ( it can be compared to a walk around the border of the property) most authoritative method but also usually the longest ,most difficult to prepare and no interpret

Question 14: Scarcity

Answer:

Demand for land. not enough land to meet demand so values are high, land might be abundant and relatively inexpensive Question 15: If a man has 6 acres of land and deeds 3/4 of it to a son and the remainder to a nephew, how many square feet of land does the nephew acquire

Answer:

1. 261,360

2. 196,020

(3) 65,340

4. 43,560

Question 16: Non-homogeneity

Answer:

A characteristic of land which holds that no two parcels are exactly alike because each parcel has it's own unique location are never the same. Courts recognize this non-homogeneity by not allowing one land parcel to be substituted for another

Question 17: Before modern surveying technology was developed what was the primary method for describing land?l

Answer:

land of little value or in remote ares might be describing solely by monuments

Question 18: Agreement

Answer:

A restate agent makes sure to list any fixture items the seller intends to remove or that the buyer expects to acquire in the sales agreement

Question 19: Which is not a test to identify a fixture

Answer:

size of the item

Question 20: Air Lot

Answer:

A designated air space over a parcel of land.In condominiums, each individual unit occupies a separate air lot

Question 21: How many degrees are in a circle?

Answer:

360 degrees,each divided into 60 minutes and each minute into 60 seconds Question 22: what qualified persons should attempt to compose a metes and bounds description

Answer:

surveyors , attorneys

Question 23: A lot is 240 feet by 270 feet, how many acres dose it contain

Answer:

240 x 270 = 64,800 square feet 64,800 divided by 43,560 = 1.49 acres