Property Ownership and Land Use Controls and Regulations

Question 1

Which of the following refers to the rights over a moving body of water?

a. mineral rights
b. bundle of rights
c. littoral rights
d. riparian rights

Answer 1

D. Riparian rights are rights of an owner of land that borders on or includes a stream, river, lake, or sea. These rights include definition of (and limitations on) access to and use of the water, ownership of streambed, navigable water, and uninterrupted flow and drainage.

Question 2

What is the maximum period of an agricultural lease?

a. 76 years
b. 35 years
c. 20 years
d. 51 years

Answer 2

D. 51 Years

Agricultural leases cannot exceed 51 years.

Question 3

Who enforces the State Housing Act?

a. local city engineer
b. building inspector
c. local police department
d. local city planning

Answer 3

b. building inspector
The state sets the minimum building standards and the local building inspector enforces them.

Question 4

How is real property different from personal property?

a. Real property is immovable by law, while personal property is movable
b. The matter that title is taken
c. The form in which it is acquired
d. The type of loan acquired to purchase

Answer 4

a. Real property is immovable by law, while personal property is movable

Real property is immovable by law while personal property is movable.

Question 5

A lien is created by recording which of the following?
a. a mortgage
b. a lawsuit
c. an easement
d. a writ of execution

Answer 5

a. a mortgage

A mortgage is a lien that encumbers the property until the debt is paid in full.

Question 6

A standard policy of title insurance protects the insured against:

A. water rights
B. unrecorded easements
C. any encumbrances placed on the insured property
D. mining claims

Answer 6

C. any encumbrances placed on the insured property

A standard policy of title insurance protects the insured against any encumbrances on the insured property.The other choices are only covered by the extended coverage policy.

Question 7

Which of the following removes a cloud from a title?

A. Probate sale
B. Quiet title action
C. Intestate succession
D. Quitclaim deed

Answer 7

B. Quiet title action

A quiet title action clears a cloud from a title, an action referred to as perfecting a title.

Question 8

Who does the Uniform Commercial Code, Division 6 (which pertains to bulk sale transfer of business goods) primarily protect?

A. sellers
B. third parties
C. creditors
D. buyers

Answer 8

C. creditors

Uniform commercial code division 6 exists to protect business creditors.

Question 9

In the framing of a house, which of the following refers to structure members that are horizontal?

A. Joists
B. Rafters
C. Studs
D. None of the above

Answer 9

A. Joists

Joists, which are used in framing a house, are horizontal.

Question 10

What is an instrument that transfers the possession of real property but not the ownership?

A. A lien
B. A title report
C. A mortgage
D. A sublease

Answer 10

D. A sublease

A sublease transfers possession from the lessor to the lessee but it does not transfer the ownership.

Question 11

Of the following, which creates an encumbrance on real property?

A. A lease
B. A homestead
C. An abstract of title
D. A sub plot map

Answer 11

A. A lease

A lease creates a burden on the property. The fact that someone has the rights to occupy the property other than the owner would create an encumbrance.

Question 12

12. How many acres comprise a section?

A. 510
B. 320
C. 250
D. 640

Answer 12

D. 640

A section of land is established by government survey, and consists of 640 acres or one mile square.

Question 13

13. Of the following which is considered real property?

A. A built in microwave in a mobile home that is not attached and sits on wheels with tires
B. A load bearing wall in a single family property
C. Trade fixtures, such as freezers in a grocery store, that are easily removable without damage
D. A mature orange grove which is under contract to be harvested at peak harvest time

Answer 13

B. A load bearing wall in a single family property

A load-bearing wall is structurally needed for the construction of a house. Trade fixtures, the microwave, and the orange grove contracted for harvest would be considered personal property.

Question 14

14. What is the most popular form of title coverage that most buyers purchase to protect the lender?

A. an American Title Association policy
B. an ALTA policy
C. a CLTA policy
D. a preliminary report coverage

Answer 14

B. an ALTA policy

An ALTA title policy is purchased by the buyer for the benefit of the lender.

Question 15

15. A pitched roof with sloping sides and ends would be which of the following?

A. Gable roof
B. Hip roof
C. Mansard roof
D. Gambrel roof

Answer 15

B. Hip roof

A hip roof has sloping sides and ends.

Question 16

16. Which of the following individuals would use conduit in their installations?

A. electrician
B. concrete contractor
C. plumbers
D. window and door installers

Answer 16

A. electrician

A conduit is a tube or trough for protecting electric wiring that is commonly used by electricians.

Question 17

17. What is a soil pipe used for?

A. Delivering cold water to a property
B. Sewer line
C. Delivering hot water to a property
D. Delivering gas to a property

Answer 17

B. Sewer line

Soil pipe is used for sewer lines.

Question 18

18. A roof that slopes on all four sides is called a:

A. shed roof
B. gable roof
C. hip roof
D. saltbox roof

Answer 18

C. hip roof

A hip roof slopes on all 4 sides.

Question 19

19. Julia died last year and had no will. Her three adult children had to figure out how to disperse her home and other possessions. This process was more complicated than it might otherwise have been because at the time of her death, Julia was which of the following?

A. Hypothecated
B. A lessee
C. Intestate
D. Not a capable party

Answer 19

C. Intestate

The question states that Julia died without leaving a will. The legal term for this is intestate.

Question 20

20. When transferring a retail merchandising business, what items would not be included in the bill of sale?

A. Trade name
B. Back stock
C. Fixtures and equipment
D. Assignment of leasehold

Answer 20

D. Assignment of leasehold

A bill of sale would include the inventory and back stock, trade name, and trade fixtures. The leasehold would be personal property that would be transferred separately.