Chapter 1 Test Questions
1.
The phrase "bundle of legal rights" is properly
included in
a.
the definition of real property.
b.
a legal description.
c.
real estate transactions.
d.
leases for less than one year.
2.
Which of the following is NOT included in one’s
right to control their property?
a.
The right to invite people on the property for a
political fundraiser
b.
The right to exclude the utilities’ meter reader
c.
The right to erect "no trespassing" signs
d.
The right to enjoy pride of ownership
3.
a.
b.
c.
d.
According to law, a trade fixture is
a fixture.
an easement.
personalty.
a license.
4.
M is interested in a house that fits most of her
needs, but it is located in a busy area where she is not
sure where she wants to live. Her concern about the
property's location is called
a.
physical deterioration.
b.
area preference.
c.
permanence of investment.
d.
immobility.
5.
Which of the following is considered personal
property?
a.
Wood-burning fireplace
b.
Awnings
c.
Bathtubs
d.
Patio furniture
6.
Which of the following is NOT meant by the word
“improvement”?
a.
Streets
b.
A sanitary sewer system
c.
Trade fixtures
d.
The foundation
7.
a.
b.
c.
d.
Real property can become personal property by
severance.
purchase.
hypothecation.
attachment.
8.
Which of the following is NOT a physical
characteristic of land?
a.
Indestructibility
b.
Uniqueness
c.
Immobility
d.
Scarcity
9.
A broker showed an owner-occupied property that
had window screens, venetian blinds and a wall bed.
The broker secured a buyer whose offer was accepted
by the owner, and the transaction was placed in escrow.
Before the close of escrow, the seller may remove
a.
all of the identified items as they are trade fixtures.
b.
only the venetian blinds as personal property.
c.
only the wall bed because it is real property.
d.
none of the identified items.
10.
a.
b.
c.
d.
Land is considered to be
indestructible.
a wasting asset.
immune to the forces of supply and demand.
subordinate to real property rights.
11. A farmer owns a parcel of land on which oil was
discovered. If the farmer has not previously conveyed
the oil rights, who owns the oil?
a.
The farmer
b.
The tenant to whom the property has been leased
c.
The state government
d.
The federal government
12. Certain items on the premises that are installed by
the tenant and related to the tenant's business are called
a.
fixtures.
b.
emblements.
c.
trade fixtures.
d.
easements.
13. Which of the following is NOT described as
personal property ?
a.
Chattels
b
Trade fixtures
c.
Emblements
d.
Fixtures
14.
a.
b.
c.
d.
Fixtures are
real property.
chattels.
removable by a tenant before the expiration of the
lease.
removable by tenant after the expiration of lease.
15. After the construction of a building over a railroad
right-of-way, the trains can
a.
operate as usual.
b.
no longer use the tracks under the building.
c.
use the tracks under the building only if they cause
no problem for the building's occupants.
d.
use the tracks under the building as long as they
first obtain the building owner's permission.
16. Which of the following is NOT an economic
characteristic of land?
a.
Scarcity
b.
Permanence of investment
c.
Uniqueness
d.
Area preference
17.
from
a.
b.
c.
d.
Generally, personal property can be distinguished
real property by its
greater variety.
mobility.
price.
multiplicity of use.
18. An important characteristic of land is that it may be
modified or improved at any given time. Depending on
its type, an improvement may increase the value of real
estate greatly. Which one of the following would NOT be
considered to be an improvement?
a.
Sewers
b.
Crops
c.
Buildings
d.
Roads
19. T leases store space to K for a restaurant, and K
installs his ovens, booths, counters and other
equipment. When do these items become real property?
a.
When they are installed
b.
When K defaults on his rental payments
c.
When the lease takes effect
d.
When the lease expires
20.
a.
b.
c.
d.
The geographic location of any parcel of land
can be changed as some substances are
removable from the land.
can never be changed.
can be changed because the topography can be
changed.
can be changed only under certain legal
circumstances.
21. Legally, the term improvements when referring to
real estate would include
a. shrubbery.
b. trees.
c.
sidewalks.
d. lawns.
22. Which of the following is NOT a test or determining
a fixture?
a. Intent of the parties
b. Size of the item
c.
Method of attachment of the item
d. Adaptation of the item to the real estate
23. The owner of a house wants to fence the yard for
her dog. When the fence is erected, the fencing
materials are converted to real estate by
a. severance.
b. annexation.
c.
immobility.
d. indestructibility.
24. The physical characteristics of land include which
of the following?
a.
Uniqueness
b.
Scarcity
c.
Permanence of investment
d.
Adaptation
25. The rights of ownership of real property do NOT
include the right of
a.
disposition.
b.
exclusivity.
c.
control.
d.
compatibility.
26. Which of the following is considered to have the
greatest impact on the value of a property?
a.
Area preference
b.
Permanence of investment
c.
Scarcity
d.
Uniqueness
27. How many acres are in a lot that is 1/4 of a mile
wide by 1/4 of a mile long?
a.
10
b.
120
c.
40
d.
80
28. The numbering of sections in a township begins in
the section in the
a.
northeast corner and then runs easterly.
b.
northwest corner and then runs easterly.
c.
northeast corner and then runs westerly.
d.
northwest corner and then runs westerly.
29. The following legal description contains how many
acres: the South 1/2 of the SE 1/4 of the NW 1/4 of the
NE 1/4 of Section 7?
a.
2.5
b.
5
c.
10
d.
20
30.
a.
b.
c.
d.
A township contains
6 square miles.
640 acres.
23,040 square feet.
36 sections.
31. Strips of land six miles wide that run north and
south are called
a.
tiers.
b.
ranges.
c.
latitudes.
d.
longitudes.
32.
a.
b.
c.
d.
A metes and bounds legal description
can be made only in areas excluded from the
rectangular survey system.
is not acceptable in court in most jurisdictions.
must commence and finish at the same identifiable
point.
is used to complete areas omitted from recorded
subdivision plats.
33. How many lots, each measuring 72.5 feet wide by
100 feet deep, could be made from a two-acre parcel of
land?
a.
6
b.
7
c.
12
d.
14
34. A parcel of land described as "the NW 1/4 of the
SW 1/4 of Section 6, T4N, R8W of the Third Principal
Meridian" was sold for $875 per acre. The listing broker
will receive a 5 percent commission on the total sales
price. How much will the broker receive?
a.
$1,750
b.
$5,040
c.
$14,000
d.
$15,040
35. The section of land reserved for school purposes in
the rectangular survey system is section
a.
12.
b.
16.
c.
20.
d.
36.
36. The system of legal description that defines a
parcel of land by its perimeter is the
a.
geodetic survey.
b.
rectangular survey.
c.
lot and block system.
d.
metes and bounds system.
37.
a.
b.
c.
d.
A metes and bounds legal description must
cover an area larger than 10 acres.
be used in areas not covered by the rectangular
survey system.
commence and finish at the same identifiable point.
always use north as the basis for directions.
38. The primary survey line running east and west in
the rectangular survey system is the
a.
township line.
b.
base line.
c.
range line.
d.
principal meridian.
39. Which of the following parcels of land is the
smallest?
a.
Two sections
b.
Five percent of a section
c.
Two square miles
d.
1,280 acres
40. "Beginning at the SE corner of the NE 1/4 of the
section, then due west 5,280 feet more or less to the SW
corner of the NW 1/4, then north along the west line of
the section 2,640 feet more or less to the NW corner of
said NW 1/4, then in a straight line to the point of
beginning." How many acres does this parcel contain?
a.
80 acres
b.
160 acres
c.
240 acres
d.
320 acres
41.
a.
b.
c.
d.
A section
is one mile square.
contains 460 acres.
has a perimeter of 5,280 square feet.
can be numbered from 1 through 50.
42. A lot with a depth of 80 feet and an area of 4,800
square feet was sold for $350 per front foot. What was
the total sales price?
a.
$21,000
b.
$28,000
c.
$31,800
d.
$35,000
43. The primary survey line running north and south in
the rectangular survey system is the
a.
township line.
b.
base line.
c.
range line.
d.
principal meridian.
44.
a.
b.
c.
d.
A recorded subdivision plat is used in the
geodetic survey system.
rectangular survey system.
lot and block system.
metes and bounds system.
45. In parts of the country where there are many lakes
and rivers, the rectangular survey system designations
will often include
a.
hyphenated sections.
b.
meander-line sections.
c.
mean water-line sections.
d.
fractional sections.
46.
a.
b.
c.
d.
The rectangular survey system section contains
36 townships.
160 government lots.
160 acres.
640 acres.
47. The method of describing land by degrees, feet and
monuments is known as the
a. angular system.
b. metes and bounds system.
c.
rectangular survey system.
d. lots and blocks system.
48. How many acres are in a description reading, "The
NW 1/4 of the SE 1/4 and the S 1/2 of the SW 1/4 of the
NE 1/4 of Section 4”?
a. 40 acres
b. 50 acres
c.
60 acres
d. 80 acres
49. Which of the following is the best way to ensure
that there are no encroachments and verify the
boundaries of a parcel of land?
a.
Write a legal description
b.
Get a spot survey
c.
Find the monuments
d.
Verify the benchmarks
50. A rancher owned
Section #17 and sold
the southone half. He
then fenced in the
northern one half. How
many linear feet of
fencing did he use if he
had two 6 foot wide
gates?
Answer Key Chapter 1
a.
b.
c.
d.
27,720
15,828
18,530
14,250
51.
The owner has a large parcel of land surveyed into
lots and streets and files a
subdivision plat. Each lot
canbe legally described by
use of which of the
following?
a.
Street address
b.
Government survey
c.
Metes and bounds
Lots and blocks
d.
52. The owner of a
secluded area adjacent to
the Atlantic Ocean
noticed that people from
town walked along the
shore in front of this
property. The owner
learned that the local
citizens had been walking
along this beach for
years. The owner went to
court to try to stop people
from walking along the
water's edge in frontof his
property. The owner is
likely to be
a. unsuccessful
because the local
citizens have been
doing this for years
and thus have an
easement.
b. unsuccessful
because the owner's
property extendsonly
to the high-water
mark and the public
can use the land
beyond this point.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
a
b
c
b
d
c
a
d
d
a
a
c
d
a
a
c
b
b
d
b
c
b
b
a
d
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
a
c
c
b
d
b
c
c
a
b
d
c
b
b
b
a
a
d
c
d
d
b
c
b
b
51.
52.
d
b
c.
d.
successful because
the owner's property
extends tothe middle
of the water bed.
successful because
the owner can
control accessto
his own property.