Ownership

Question 1

The right to possess, use, encumber, dispose of and to exclude best define
A Refrain from use
B Acquired by escheat
C A bundle of rights
D Adverse possession ownership

Answer 1

A bundle of rights

Question 2

Legally, property is defined as:
A Involuntary transfers
B Only things on the property
C Personal transfers
D Rights or interest a person has in a thing owned

Answer 2

Rights or interest a person has in a thing owned

Question 3

Which of the following has an estate in real property:
A Lenders
B Mortgagee
C Beneficiary
D Life Tenant (Life estate)

Answer 3

Life tenant (life estate)

Question 4

When comparing condominiums and rented apartments:
A Each will receive a separate tax bill.
B The occupier has a fee estate
C The person who occupies each unit would have an estate in real property
D None of the above

Answer 4

The property who occupies each unit would have an estate in real property

Question 5

Ownership rights and interest in real esate are represented by:
A Absolute conveyances or agreements
B Liens or charges on land
C Estates or fees
D All of the above

Answer 5

Estates or fees

Question 6

Which of the following best describes real property:
A An estate
B Land, appurtenances and fixtures
C Property which is not personal
D All of the above

Answer 6

Land appurtenance and fixtures

Question 7

When comparing real property to personal property, real property is:
A Immovable by law
B Movable
C Personal exclusively
D Transferable by a bill of sale

Answer 7

Immovable by law

Question 8

Which of the following is considered real property:
A Land and buildings
B Artificial items which are immovable by law
C Easements that convey rights of-way over adjoining land
D All of the above

Answer 8

All of the above

Question 9

Which of the following would be considered real property
A maturing grape crop under a sales contract
B Trade fixtures
C A built in refrigerator in a mobile home that is not attach to the foundatic
D A bearing wall in a single family house

Answer 9

Trade fixtures

Question 10

Which of the following is real property:
A Stock in a mutual water company
B A trust deed
C A mortgage
D None of the above

Answer 10

Stock in a mutual water company

Question 11

Unless otherwise specified, the rights to mineral rights are:
A Never transferred
B Automatically transferred
C Leased only
D Sold separately

Answer 11

Automatically transferred

Question 12

Which of the following may be attached to the land:
A Trees
B Buildings
C Water rights
D All of the above

Answer 12

All of the above

Question 13

Broker Fisher listed the mobile home. If Fisher wants to sell Burgs mobile home the mobile home must:
A Must have a DMV license
B Must have a dealers license
C The mobile home must be registered and attached to a permanent foundation
D None of the above

Answer 13

The mobile home must be registered and attached to a permanent foundation

Question 14

Which of the following can be appurtenant to land:
A Stock in a mutual water company
B Attachments
C Easement in gross
D All of the above

Answer 14

Stock in a mutual water company

Question 15

Which of the following runs (appurtenant) with the land:
A Stock in a mutual water company
B Easement
C Covenants
D All of the above

Answer 15

All of the above

Question 16

Riparian rights refers to owners that borders:
A River/streams/watercourse
B Arms of a bay/seas/ocean
C Subterranean cavities/lake/underground cavities
D All of the above

Answer 16

Rivers/streams/watercourse

Question 17

The land of a riparian owner borders on:
A Ocean
B Lake
C Seashore
D Watercourse

Answer 17

Watercourses

Question 18

When an owner acquires land with riparian rights appurtenant thereto, such rights:
[A] Give the purchaser absolute ownership of adjacent waters
B Must be expressed in the deed
C May be determined accurately from an examination of public records
D Are only available to land adjacent to moving water, a stream or brook
within in the watershed

Answer 18

Are only available to land adjacent to moving water, a stream or brook
within in the watershed

Question 19

Which of the following is riparian and littoral:
A Ocean
B River
C Bodies of water
D Avulsion

Answer 19

Bodies of water

Question 20

Which of the following is littoral:
A River and water stream
B Canal and waterfall
C Ocean and water brook
D Ocean and dam

Answer 20

Ocean and dam

Question 21

When the state has given permission to a non-riparian owner of a farm nearby lake, the owner has received this right by:
A Appropriation
B Water table
C Percolation Appropriation
D Inverse condemnation

Answer 21

Appropriation

Question 22

The document used to transfer title to a mobile home is:
A A vehicle certificate of registration
B A bill of sale
С A deed
D A compliance agreement

Answer 22

A bill of sale

Question 23

John conveyed his ranch to Bob using a land contract.
The ranch was serviced by a mutual water company, nd Jolin was a stockholder in the company. the stock which John owned was appurtenant to the land.
Does Bob have to enter into a separate contract for the stock of the
mutual water company:
A Yes, since stock is always personal property and therefore not included in land contracts
B No, because land in California cannot be sold without water rights
C Yes, because real property is not always accompanied by water rights
D No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract

Answer 23

No, because the stock was appurtenant to the land and therefore part of the real property and part of the land contract

Question 24

Which of the following is not a test for a fixture:
A The intention of the parties
B The method of attachment
C The agreement of the parties
D The time of attachment

Answer 24

The time of attachment

Question 25

All of the following acts are grounds for discipline by the Real Estate C against a real estate salesperson’s license, except:
A Failing to provide for the delivery of a properly-endorsed certificate of own from the seller to the buyer
B Advertising a used mobile home for sale as “new”
C Submitting a check to the Department of Housing and Community Develop in connection with the title transfer if the check is thereafter refused payment by the bank
D Selling, as agent, a mobile home which is greater than 8 feet in width and 40 feet in length

Answer 25

Selling, as agent, a mobile home which is greater than 8 feet in width and 40 feet in length

Question 26

In the law a fixture is defined as:
A Something incorporated into the land
B Something referred to by actions but not referred to in the sales contract
C Something that is made part of a chattel real
D Something used in an extraordinary way with the land

Answer 26

Something incorporated into the land

Question 27

Property is:
A An estate
B A fixture
C Land
D Personal if it is other than real

Answer 27

Personal if it is other than real

Question 28

Items of personal property which have become attached to real property and are, thus, considered real property are:
A Fixtures
B Attachments
C Inclusions
D New

Answer 28

Fixtures

Question 29

The right to use, possess, enjoy, transfer, and dispose of a thing to the exclus of all others most accurately describes:
A An estate
B Real estate
C Ownership
D Equity

Answer 29

Ownership

Question 30

In which of the following ways does real property differ from personal property:
A In the method conveyed
B is immovable by law
C in the type of loan instrument
D in the acquisition and transfer of title

Answer 30

It is immovable by law

Question 31

An owner that has riparian rights, it means he has rights relating to the use and ownership of water from which of the following sources:
A The bay
B Underground cavities
C Rivers, streams, and watercourses
D Allof the above.

Answer 31

Rivers, streams, and watercourses