Unit 1-A Quiz

Question 1

All of the following items would have a bearing on whether an item is considered personal property, except:

A.) damage from removing the item from the property.
B.) the manner of attachment.
C.) any agreement between buyer and seller considering the item
D.) the cost of the item.

Answer 1

D.) cost of the item.

Question 2

In the sale of commercial property, which of the following documents, would be used to transfer shelves, counters, and other personal property?

A.) chattel the real.
B.) bill of sale.
C.) security agreement.
D.) mortgage.

Answer 2

B.)Bill of sale

Question 3

The right to light and air accompanied by the transfer of title ownership to the land is called a (an)

A.) fixture.
B.) restriction.
C.) appurtenance
D.) easement.

Answer 3

C.)appurtenance

Question 4

The right of a tenant farmer to harvest crops after the lease has expired, is known as:

A.) Emblements
B.) appurtenance
C.) easements
D.) fructus naturales

Answer 4

A.) EMBLEMENTS.

Question 5

The process of acquiring land for public use from an unwilling owner with compensation paid is called?

A.) eminent domain.
B.) condemnation.
C.) confiscation
D.) adverse possession.

Answer 5

B.) condemnation

Question 6

An ordinance requires sufferance parking spaces in the shopping centers. The city has the right to enforce the ordinance through?

A.) escheat
B.) police power
C.) eminent domain
D.) deed restrictions

Answer 6

B.) police power

Question 7

M passes away without leaving a will. If, after a lengthy search, no heirs are not found, the:

A.) estate would be given to charity.
B.) administrator would inherit the estate.
C.) estate what is escheat to the state
D.) executor wouldn’t here at the estate

Answer 7

C.) estate what is escheat to the state

Question 8

Authorization for his only comes from

A.) US Constitution.
B.) police power.
C.) statue of frauds.
D.) real estate commissioner.

Answer 8

B.) police power.

Question 9

If the city or state wishes to take property with just compensation, it may acquire title by action based on:

A.) attachment proceedings.
B.) right of eminent domain.
C.) adverse possession.
D.) police power.

Answer 9

B.) right of eminent domain.

Question 10

Which of the following does not fall under police power?

A.) health department in fire department regulations.
B.) licensing of real estate agents.
C.) zoning ordinance.
D.) taking land for schools.

Answer 10

D.) taking land for schools.

Question 11

Which of the following is not included in the concept of power of eminent domain?

A.) right of government to take property from the owner for public good
B.) an exercise of police power
C) just compensation at fair market value
D.) condemnation proceedings

Answer 11

B.) an exercise, a police power

Question 12

In Arizona, once in affidavit of a affixture has been recorded, the mobile home is taxed as:

A.) income property.
B.) personal property.
C.) real property.
D.) vacant land.

Answer 12

C.) real property.

Question 13

A notice of pending condemnation delivered to a property owner at least 20 days prior to condemnation action must include all of the following, except a (an)

A.) written offer to purchase the property.
B.) amount of just compensation offered.
C.) appraisal, showing responsible comparable property.
D.) escrow closing statement.

Answer 13

D.) escrow closing statement.

Question 14

Dedication is best defined as:

A.) the state, taking land by adverse possession.
B.) the state acquiring land from a person who died intestate
C.) the city acquiring a road right of way under eminent domain.
D.) a developer or individual giving property to the state.

Answer 14

D.) A developer or individual giving property to the state

Question 15

What is required at the time of an affidavit of Affixture is recorded?

A.) the mobile home must have skirts installed.
B.) the title of the mobile home must be surrendered.
C.) the county assessor must inspect the property.
D.) the mobile home must be owner occupied.

Answer 15

B.) title of the mobile home must be surrendered

Question 16

A mobile home that is sited on a rented space in a mobile home park

A.) may not be listed by real estate licensee.
B.) may not be larger than a double wide
C.) maybe listed but not sold my real estate licensee.
D.) maybe listed and sold by a real estate licensee.

Answer 16

D.) may be listed and sold by real estate licensee.

Question 17

Real estate licensee may perform all of the following, except

A.) represent manufactured home dealers.
B.) represent private parties in the sale of a mobile home on a rented space.
C.) list and/or sell new or used mobile homes
D.) represent lenders placing loans on manufactured homes.

Answer 17

D.) represent lenders placing loans on manufactured homes.

Question 18

A buyers agent and showing a property. During negotiations, the seller agrees to include a washer and dryer in the purchase price. The buyers agent should use:

A.) not include it in the agreement because it was a verbal agreement between the buyer and the seller
B.) specify it in the contract because it is personal property.
C.) specify it in the contract because it is real property.
D.) include it in the contract because it is a fixture.

Answer 18

B.) specify it in the contract because it is personal property.

Question 19

How long after the sale of an escheated property does a person who appears as an heirs have to claim the proceeds from the sale?

A.) one year.
B.) three years.
C.) five years.
D.) seven years.

Answer 19

D.) seven years.

Question 20

Which of the following would be considered personal property?

A.) tree.
B.) bath tub.
C.) window blinds.
D.) harvested crops

Answer 20

D.) harvested crops.

Question 21

Which of the following is personal property?

A.) appurtenance
B.) fixtures.
C.) trade fixtures.
D.) shrubbery.

Answer 21

C.) trade fixtures.

Question 22

Shelving and counters are securely fastened in a lease retail store. Such items are.

A.) reality.
B.) fixtures.
C.) trade fixtures.
D.) owner by the landlord.

Answer 22

C.) trade fixtures.

Question 23

Patents, trademarks, copyrights, and royalties are an example of:

A.) corporate Realty.
B.) tangible define personalty
C.) incorporeal reality.
D.) intangible personalty

Answer 23

D.) intangible personalty

Question 24

Which of the following is not properly included in the corporate of the power of eminent domain?

A.) the rate of government to confiscate personal property from the owner
B.) an inherent power of government
C.) just compensation at fair market value.
D.) taking property through legal procedures.

Answer 24

A.) the right of government to confiscate personal property from the owner

Question 25

Which is not an appurtenance and, therefore, it does not transferred to the new owner with a standard warranty deed?

A.) trade fixtures
B.) trees.
C.) shrubs.
D.) custom window blinds.

Answer 25

A.) trade fixtures.

Question 26

Which of the following would least likely be a lawful use for taking homes through the power of eminent domain?

A.) light rail train in Tempe.
B.) public K-12 school
C.) shopping center.
D.) future freeway overpass.

Answer 26

C.) shopping center.

Question 27

A hot tub installed on a residential property is considered a

A.)appurtenance
B.) personal property.
C.) trade fixture.
D.) Emblement

Answer 27

A.)appurtenance