Real Estate - Unit 1 Review

Question 1

a metes and bounds description must:

Answer 1

have a specific starting point

Question 2

which method of legal description uses plat maps?

Answer 2

lot and block

Question 3

a tenant installed shelving as a part of her business. at the conclusion of the lease, the tenant:

Answer 3

may remove the shelving and is not required to reimburse the landlord.

Question 4

the SW 1/4 of the SW 1/4 of section 6 and the NW 1/4 of the NW 1/4 of section 7 contains how many acres?

Answer 4

80 acres

Question 5

what is the economic characteristic of real property that causes land to be affected by actions in the surrounding areas?

Answer 5

situs

Question 6

the government survey system (GSS) starting point for identifying properties is…

Answer 6

the Tallahassee principal meridian and baseline

Question 7

the N 1/2 of the SW 1/4 and the S 1/2 of the SW 1/4 of the NW 1/4 of section 19 contains how many acres?

Answer 7

100 acres

Question 8

which item would be most likely classified as a fixture once incorporated into real property?

Answer 8

ceiling fan

Question 9

what is the section number immediately south of section 1?

Answer 9

12

Question 10

what is true about mineral rights?

Answer 10

they can be reserved by the seller if the buyer agrees.

Question 11

an example of personal property would be:

Answer 11

freestanding fridge

Question 12

the definition of real estate

Answer 12

land plus appurtenances affixed (attached) to and run with the land. (improvements, fixtures, rights and privileges)

Question 13

a township is how many square miles?

Answer 13

36

Question 14

what is a characteristic of real estate?

Answer 14

immobility

Question 15

what is NOT a physical component of real estate?

Answer 15

timber rights

Question 16

which action associated with water rights will cause a decrease in land mass?

Answer 16

erosion

Question 17

the NW 1/4 of section 4 contains how many acres?

Answer 17

160 acres

Question 18

what defines a plat?

Answer 18

a document used to record a subdivision of land

Question 19

a tract of land measuring 330 feet wide by 1,320 feet deep would contain how many acres?

Answer 19

10.

330x1,320= 435,600
435,600 divided by 43,560 = 10

Question 20

developer bought a 100-acre parcel to subdivide into 1-acre homesites. which of the following methods of legal description would best achieve the developers objectives?

Answer 20

recorded plat

Question 21

a method of property description using monuments, distances, and compass directions

Answer 21

metes and bounds

Question 22

what is the reference line that runs in east and west intersecting a perpendicular north-south line?

Answer 22

Tallahassee base line

Question 23

an article that was once personal property but has been more or less permanently attached to the land or a building

Answer 23

fixture