Real Estate Principles: Q7/Chp 31-36

Question 1

1) The right of the government to take private property for public use is referred to as:
A) theft
B) put option
C) eminent domain
D) the power to tax

Answer 1

C) eminent domain

Question 2

2) \_\_\_\_\_\_\_\_\_\_\_ are interests in real estate which secure payment or performance of a debt or other monetary obligation, such as a trust deed lien or a local property tax lien.
A) Liens
B) Legal descriptions
C) Title insurance policies
D) Bundle of rights

Answer 2

A) Liens

Question 3

3) The first component of real estate is land, which includes:
A) soil
B) rocks 
C) reasonable airspace above the earth
D) all of the above

Answer 3

D) all of the above

Question 4

4) The right to use water is called a:
A) riparian right
B) taking
C) fixture
D) endorsement

Answer 4

A) riparian right

Question 5

5) Incidental rights to real estate which are not located on the real estate nor reflected on its title are called:
A) trade fixtures.
B) appurtenant rights.
C) fructus industriales
D) freehold estates

Answer 5

B) appurtenant rights

Question 6

6) A(n) \_\_\_\_\_\_\_\_\_ lasts for a specific length of time as stated in the lease agreement entered into by a landlord and tenant.
A) tenancy-at-will
B) estate at will
C) fixed-term tenancy
D) life estate interest

Answer 6

C) fixed-term tenancy

Question 7

7) On expiration of a lease, a tenant who remains in possession of a property without an agreement or acceptance of rent by the landlord for the extended occupancy becomes a:
A) holdover tenant.
B) equity purchaser.
C) subtenant.
D) successor tenant.

Answer 7

A) holdover tenant.

Question 8

8) Improvements that become part of the real estate include walls, central air conditioning and:
A) wash stations in the beauty salon.
B) chairs.
C) attached flooring.
D) drapes and curtains.

Answer 8

C) attached flooring.

Question 9

9) On expiration of a lease, the passage of real estate fixtures from the tenant to landlord is a conveyance called:
A) waste.
B) tariff.
C) sacrifice.
D) reversion.

Answer 9

D) reversion.

Question 10

10) California established the ________ to act as a referee for all disputes over water rights.
A) California Bureau of Real Estate (CalBRE)
B) Department of Motor Vehicles (DMV)
C) Federal Water Conservation Authority (FWCA)
D) State Water Resources Control Board

Answer 10

D) State Water Resources Control Board