Easement by prescription - Study guides, Class notes & Summaries
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FINAL EXAM - Real Estate Principles accurate 100%
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FINAL EXAM - Real Estate Principles acWhen discussing the concept of total square footage with your client, what is the BEST way to describe how the total square footage is measured? 
 
A. 
Total area of the property measured from the inside walls of the home. 
B. 
Total Area Under Roof (TAUR) 
C. 
Measure all square footage of included real property, including both attached and detached structures. 
D. 
Living area square footage only. - ANSWER Correct!! Answer: 
Total Area Under Roof (TAUR) 
 ...
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Illinois Real Estate Practice Exam Questions and Answers 100% Solved Graded A
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Objectives of Federal Reserve System - To counteract inflationary and deflationary trends, to create a favorable economic climate, to maintain sound credit conditions but NOT to control the secondary mortgage market 
 
Remainder Interest - A fee simple holder of a parcel of real estate grants a life estate to her daughter and stipulates that upon the daughters death, the property will pass to her grandson. The second estate is called 
 
A property buyer obtains a term loan to finance a home purc...
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MIE 305 Exam 3 Study Questions and Answers Top Graded 2024
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Real Property - The legal interests in land and things attached to, or growing on land. 
 
Personal Property - Referred to generally as chattel, the rights, powers, and privileges a person has in things that are not real property, may be transferred by sale, gift, or will. 
 
Chattels Real - An interest in land, such as a leasehold. 
 
Chattels Personal - Moveable personal property. 
 
Chattel Personal in Action - Something to which one has a right to possession, but concerning which one which m...
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Georgia real estate exam Complete Questions & Answers!!
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Easement by prescription - ANSWER Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law 
 
Easement by necessity - ANSWER Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) 
 
Rescission - ANSWER The practice of one party canceling or terminating a contract. 
 
Mortgagee - ANSWER The bank(receiving the house) 
 
Tax prorations - ANSWER Taxes are paid...
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Real Estate U Test
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Real Estate U 
Test 
Which of the following leasehold estates is open-ended, 
as it does not have a termination date? - CORRECT 
ANSWER Estate at will 
Which of the following types of easements is obtained by a 
squatter who uses another's property without the owner's 
permission - CORRECT ANSWER Easement by 
prescription 
In order to obtain an easement by prescription, for how 
many years must the property by used by the dominant 
tenement - CORRECT ANSWER 10 years 
Which of the follo...
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Nebraska Real Estate SAMPLE Test Questions with 100% Correct Answers
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Nebraska Real Estate SAMPLE Test 
Questions with 100% Correct Answers 
The earth's surface extending downward to the center of the earth and upward into 
space, including all things permanently attached, is known as: 
A) Real Property 
B) Real Estate 
C) Land 
D) A bundle of legal rights - Answer- D) A bundle of legal rights 
Moveable objects, which are not considered real estate, are known as: 
A) Real property 
B) Personal property 
C) Fixtures 
D) Emblements - Answer- B) Personal Property 
T...
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Illinois Real Estate Practice Exam Questions and Answers
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Illinois Real Estate Practice Exam 
Questions and Answers 
Objectives of Federal Reserve System - Answer- To counteract inflationary and 
deflationary trends, to create a favorable economic climate, to maintain sound credit 
conditions but NOT to control the secondary mortgage market 
Remainder Interest - Answer- A fee simple holder of a parcel of real estate grants a life 
estate to her daughter and stipulates that upon the daughters death, the property will 
pass to her grandson. The second es...
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Land Unit 7: Easements Questions And Answers|15 Pages
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A client has purchased a plot of land from a seller. The plot forms part of the garden to the seller's house. The seller told the client that they built their house ten years ago and that they intended to continue living in the house (the "retained land") following the sale of the plot to the client. 
 
The client has now decided that she wants to construct a dwelling house on her plot but she has discovered that drains serving the seller's retained land run across the plot. The seller has r...
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TN Affiliate Broker exam with 100% correct answers
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A lien is an example of a/an...? 
 
- Encumbrance 
- Entitlement 
- Estoppel 
- Escheatment 
Encumbrance 
 
 
 
If a property has both a tax lien and a mortgage lien against it, which lien has priority (generally speaking)? 
 
- Tax lien 
- Mortgage lien 
- They have equal priority 
- Whichever lien was filed first 
Tax lien 
 
 
 
A lien that is not tied to a specific piece of real estate is called a...? 
 
- General lien 
- Non-specific lien 
- Statutory lien 
- Tax lien 
General lien 
 
 
 
T...
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CT Quiz - Real Estate 100% Correct Solved
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CT Quiz - Real Estate 100% Correct Solved 
In Connecticut a dower and curtsey are seen as: - Correct Answer ️️ -not recongized 
If a husband dies in Connecticut, his wife is entitled to what: - Correct Answer ️️ -an 
election to take a life estate equal to one-third of the property owned by the husband at 
the time of his death 
A homeowner may exempt what amount from debt owed a foreclosing mortgagee: - 
Correct Answer ️️ -nothing 
The burden of proof in acquiring an easement by pre...
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