Louisiana Real Estate Final Correct Questions & Answers (SCORED A+)
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Course
Louisiana Real Estate
Institution
Louisiana Real Estate
If a landlocked property owner fails to acquire a voluntary agreement to access his property from the nearest public road, he may get such access by an: - ANSWEReasement by necessity
Two sisters, Flo and Mae, inherit real property from their mother with no stipulation except that one-third is to...
Louisiana Real Estate Final Correct Questions &
Answers (SCORED A+)
If a landlocked property owner fails to acquire a voluntary agreement to access his property from the
nearest public road, he may get such access by an: - ANSWEReasement by necessity
Two sisters, Flo and Mae, inherit real property from their mother with no stipulation except that one-
third is to go to Flo and two-thirds to Mae. Which of the following is true? - ANSWERUpon Mae's
death, her share passes to her heirs or devisees
You signed a lease for one year and took possession of an apartment. When the lease expired, you
continued to live in the apartment without the owner's consent. Your tenancy would be considered
to be a(n) - ANSWERTenancy at sufferance
Man made markers such as a steel rod or concrete post may be part of what type of legal
description? - ANSWERMetes and Bounds
Man made markers such as a steel rod or concrete post may be part of what type of legal
description? - ANSWERTotal Area Under Roof (TAUR)
What is a method of land description that identifies a parcel by its shape and boundaries? -
ANSWERMetes and Bounds
Which of the following is NOT a test of a fixture? - ANSWERManner of Removal
The zoning of a property with a gas station is subsequently changed to allow residential use only.
Which of the following is true regarding the future use of the gas station? - ANSWERThe gas station
may continue in its current use.
UFFI is - ANSWERan insulation that was used in mobile homes and renovations until determined to
be an irritant
, CC&Rs can be recorded by whom? - ANSWERBy any property owner, usually the developer or current
owner of the subdivision.
Zoning regulations and decisions are usually handled by: - ANSWERtowns and cities
All of the following would be public land use controls EXCEPT - ANSWERdeed restrictions
A meat-packing plant has just been built one block from where your house is located. Strong odors
emitted by the plant are lowering property values in your neighborhood. This loss in value would be
classified as: - ANSWERExternal Obsolescence
The Principal of Substitution is most directly illustrated in the ______________________ to value by
valuing a subject by comparing it to recently sold equivalent properties and the price they sold for. -
ANSWERthe Sales Comparison Approach
John is appraising a property using the sales comparison approach. The subject property has an
enclosed garage that is more valuable than the carport of one of his comparables. Which of the
following statements is true? - ANSWERJohn will add money to the comparable property to make it
compare in value with the subject property.
The actual price paid for property as a result of a sale is known as its: - ANSWERmarket price
A four-bedroom house with one bathroom carries a market value of $120,000. The same house
would likely be worth $125,000 if a bathroom could be easily added for a cost of $10,000. This is an
example of: - ANSWERincurable functional obsolescence.
A principal factor for which adjustments must be made in using the sales comparison approach is: -
ANSWERthe date of sale
A property is for sale without air conditioning. A buyer wants to know if the value of the property will
be increased if he installs air conditioning. He also wants to know if the sale is a good deal
considering there is no air conditioning. The best way to establish the value of the home is to: -
ANSWERanalyze the difference in sales prices of houses with air conditioning and without in this
home's neighborhood.
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