Exam (elaborations)
TN Timeshare Salesperson – 1010 (Q&A)
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TN Timeshare Salesperson – 1010 (Q&A)
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TN Timeshare Salesperson – 1010 (Q&A)Appurtenant ✔️Ans - A homeowner has negotiated with a neighbor to
obtain the permanent right to pass over the northern part of the neighbor's
land to gain access to the river. He pays the neighbor $9,000 for the right of
access and receives a deed. This is an easement
A legal easement can be created by any of the following EXCEPT ✔️Ans -
definition within a deed.
A license. ✔️Ans - A homeowner is willing to let his neighbor park an RV in
his backyard. He does NOT want to make the permission permanent in case he
dislikes others who might move next door in the future. what should he give
his neighbor?
Tenancy at sufferance. ✔️Ans - A tenant rented an apartment, signing a 15-
month lease. After the lease expired, the tenant paid 1 month's rent and got a
receipt. What kind of leasehold does the tenant have?
are of indeterminable duration. ✔️Ans - A major difference between
freehold and nonfreehold estates is that all freehold estates
the original 13 states ✔️Ans - Legal descriptions using the government
survey system are NOT generally used in
Prior appropriation ✔️Ans - Although states make specific laws governing
water rights and the rights in land that borders water, most states generally
follow one of two basic doctrines regarding water rights. In many states, the
common law doctrine of riparian and littoral rights dictates that water rights
are automatically conveyed with property. In others, all water rights are
controlled by the state under the doctrine of
water is scarce ✔️Ans - Although states make specific laws governing
water rights and the rights in land that borders water, most states generally
follow one of two basic doctrines regarding water rights. Either riparian and
littoral rights are automatically conveyed with property, or all water rights
are controlled by the state under the doctrine of prior appropriation. The
doctrine of prior appropriation is MOST likely to be followed in states where
, constructive notice. ✔️Ans - A judgement has been properly recorded. Any
subsequent purchasers, whether they have actually examined the record or
not, have been given
Specify questionable items of property in the written sales contract. ✔️Ans
- In the sale of property, there is often confusion over whether an item is a
fixture or personal property. What is the best way to avoid this confusion?
his undivided interest passes to his heirs. ✔️Ans - The main difference
between tenancy in common and joint tenancy is that with tenancy in
common, when a co-owner dies,
file an action for partition against the third owner. ✔️Ans - Three people
buy a house as tenants in common. Subsequently, two of the owners want to
sell, but the third discourages each potential purchaser. The two owners who
wish to sell the house can
a homeowner. ✔️Ans - A lawsuit for inverse condemnation may be
brought by
a property owner dies without heirs or a valid will. ✔️Ans - An escheat
occurs when
Conditional use permit or zoning variance. ✔️Ans - A landowner wishes to
build a neighborhood grocery store on a busy street in an area zoned for
residential use. Which of the following would MOST likely be used to obtain
permission for this store?
The purchaser's mortgage lender may accelerate the loan. ✔️Ans - If
conditions for property use are included in a deed and these conditions are
violated, what is the most severe potential penalty?
public health and safety. ✔️Ans - An environmental impact statement
typically describes the effects of a proposed project on factors such as
projects the impact on the environment of a proposed project. ✔️Ans - An
Environmental Impact Statement (EIS)
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