FREE REAL ESTATE AND STUDY GAMES ABOUT EXAM

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FREE REAL ESTATE AND STUDY GAMES ABOUT EXAM

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -43 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Which of the following liens would be considered to have highest priority?

Answer:

County real estate tax lien Question 2: With navigable riparian rights, what is the property boundary:

Answer:

Water's edge Question 3: A family owned a parcel of land that a Church wanted to purchase. The family consented to the sale but had their attorney prepare a deed that conveyed ownership "...so long as it be used as a church or house of worship." If said condition was violated, t

Answer:

Fee simple defeasible estate

Question 4: The Metes and Bounds system includes

Answer:

compass readings in degrees, minutes and seconds. Surveyors use specific equipment to measure the direction and angles

Question 5: If a married man died with two sons but did not leave a will, how would his estate be processed during probate?

Answer:

By the laws of descent and per the probate judge's ruling .

Question 6: Which of the following would be considered personal property?

Answer:

Trade fixtures

Question 7: How many square feet in an acre?

Answer:

43,560

Question 8: Non-navigable:

Answer:

Midpoint

Question 9: A statutory right that a family has in its residence is called

Answer:

Homested

Question 10: In an estate in trust, who holds title to the property?

Answer:

The trustee Question 11: If a 5 acre rectangular tract has front footage measuring 500 feet, what is the approx. depth of the lot?

s k:57436

Answer:

436 feet Question 12: When someone is conveying real estate in a will they are called the

• Legatee Devisee Devisor . Beneficiary

Answer:

Devisor

Question 13: Marion has just bought a new place in a nice highrise up in the big city. He is buying 200 shares of stock of the owning corporation and will be signing a proprietary lease for his living unit. What type of ownership is Marion buying?

Answer:

A cooperative (co-op)

Question 14: Which of the following would be considered real property?

Answer:

Fixtures Question 15: The concept of escheat means the government can take back property if:

Answer:

If there was no will and no heirs Question 16: A married couple buys a house and instructs the closing attorney that they want the type of co-ownership estate where the ownership would automatically transfer to the surviving spouse. They have bought this house as

Answer:

Tenants in common Question 17: A tract of land begins at an iron pin at the end of the right-of-way on Hwy 76. It runs south for exactly 2200 feet to another iron pin. The property line then runs due west for a distance of 775 feet, and runs back north for 2200 feet and then runs due e

Answer:

39 acres Question 18: A family's home has the following liens placed on it: a 1st mortgage from 3 years ago; a federal income tax lien from 5 years ago; a 2nd mortgage lien from last year; and a county property tax lien that was just placed. Which lien would have highest prope

Answer:

County property tax lien

Question 19: A legal description, as a form of identification, is used on

Answer:

legal papers like contracts, deeds, and title insurance policy's

Question 20: James built a tool shed on the back corner of his property and inadvertently built a portion on

his neighbor's land. This would be an example of:

Answer:

An encroachment

Question 21: The recordation of a warranty deed

Answer:

Gives constructive notice of an individual's interest in the property Question 22: The type of real estate ownership in Georgia that is the strongest and most encompassing is

Answer:

Fee simple absolute

Question 23: Riparian rights involve

Answer:

Rivers and streams

Question 24: All of the following are required for a valid deed except

Answer:

Grantee's signature Question 25: In most cases, a shortage of supply coupled with increased demand would cause prices to

Answer:

Rise

Question 26: To remove a cloud or defect on title, what might be used?

Answer:

Quit-claim deed Quiet title suit