Donaldson Final Exam Questions & Answers 100% Correct!!
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Man made markers such as a steel rod or concrete post may be part of what type of legal description?
Select one:
A. Subdivision System
B. Government Survey System
C. Metes and Bounds
D. Lot & Block - ANSWERMetes and Bounds
After unsuccessful negotiations, Joe went to court to gain regula...
man made markers such as a steel rod or concrete p
after unsuccessful negotiations joe went to cour
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Donaldson Final Exam Questions & Answers
100% Correct!!
Man made markers such as a steel rod or concrete post may be part of what type of legal
description?
Select one:
A. Subdivision System
B. Government Survey System
C. Metes and Bounds
D. Lot & Block - ANSWERMetes and Bounds
After unsuccessful negotiations, Joe went to court to gain regular access to his property. The judge
likely granted Joe a (an):
Select one:
A. personal easement in gross.
B. easement by necessity.
C. easement by prescription.
D. easement appurtenant. - ANSWERB. easement by necessity.
When discussing the concept of total square footage with your client, what is the BEST way to
describe how the total square footage is measured?
Select one:
A. Measure all square footage of included real property, including both attached and detached
structures.
B. Total area of the property measured from the inside walls of the home.
,C. Total Area Under Roof (TAUR)
D. Living area square footage only. - ANSWERC. Total Area Under Roof (TAUR)
Which of the following is NOT a test of a fixture?
Select one:
A. Intention of the Parties
B. Manner of Removal
C. Adaptation to surroundings
D. Agreement of the Parties - ANSWERB. Manner of Removal
A real estate development corporation purchased land for a condominium project. The corporation
most likely took title to the land
Select one:
A. as a syndication.
B. In severalty.
C. as a joint tenant.
D. as a general partnership - ANSWERD. as a general partnership
If an unmarried couple wished to purchase a home together and have the right of survivorship,
which form of ownership would they choose?
Select one:
A. Tenancy at Will
B. Tenancy by the Entirety
C. Tenancy in Common
D. Joint Tenancy - ANSWERD. Joint Tenancy
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?
,Select one:
A. Flo and Mae are joint tenants of the property.
B. Mae may not mortgage her interest in the property without Flo's consent.
C. Upon Flo's death, her portion of the property survives to Mae.
D. Upon Mae's death, her share passes to her heirs or devisees. - ANSWERD. Upon Mae's death, her
share passes to her heirs or devisees.
All of the following would be public land use controls EXCEPT
Select one:
A. zoning
B. environmental protection laws
C. deed restrictions
D. subdivision regulations - ANSWERC. deed restrictions
Joe was showing a home built before 1978. He must provide the purchaser a disclosure regarding
what environmental hazard before the purchaser enters into a purchase agreement?
Select one:
A. Mold
B. Lead-based paint
C. UFFI
D. Asbestos - ANSWERB. Lead-based paint
A property is sold which includes an old bakery business which has been in existence on this location
for years. After the purchase, the property is rezoned as residential land but allows for the bakery
under a grandfather law. The new property owners wish to continue operating the bakery business,
but would like to demolish the old bakery and build a new modern version with more conveniences
built-in. What will the bakery's new owners likely be able to do?
Select one:
A. The sellers must immediately close the bakery until the property is zoned correctly
, B. The new owners may build any structure they choose as long as it conforms to the local building
codes and is used as a bakery
C. Since the property is now zoned residential, the owners will have to sell the bakery and build a
residential structure within 10 years
D. The new owners may continue operating the old bakery, but they may not build a new one
without fu - ANSWERD. The new owners may continue operating the old bakery, but they may not
build a new one without further permission
Restrictive covenants are valid against:
Select one:
A. current and subsequent owners.
B. future owners only.
C. current owners only.
D. past owners only. - ANSWERC. current owners only.
CC&Rs can be recorded by whom?
Select one:
A. By any property owner, usually the developer or current owner of the subdivision.
B. Only for one year at a time and must be renewed.
C. Only by the civil sheriff.
D. Only by subdivision developers. - ANSWERA. By any property owner, usually the developer or
current owner of the subdivision.
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.
Select one:
A. the Cost Approach
B. the Market Price method
C. the Sales Comparison Approach
D. the Income Approach - ANSWERC. the Sales Comparison Approach
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