Easement by prescription - Study guides, Class notes & Summaries
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Idaho Real Estate School Module 1 Test Questions and Answers
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Brokerage The business of bringing people together in a real estate transaction. 
 
Type of Real Property - Special Purpose Cemeteries 
 
Real Property Real estate, plus the interests, benefits, and rights inherent in the ownership of real estate 
 
Bundle of Rights Possession, control, enjoyment, exclusion, disposition 
 
Ownership of real property is often described as a bundle of legal rights 
 
Littoral Rights Granted to owners whose land borders commercially navigable waters 
 
Where is the...
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024
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PSI National Exam for Real Estate Test Bank with complete solutions | Latest 2023/2024 
A written agreement in which a purchaser agrees to buy and a seller agrees to sell is 
called ️ a contract 
Antitrust laws prohibit competing brokers from all of the following ️ 1. boycotting 
other brokers in the marketplace. 
2. dividing the market to restrict competition. 
3. agreeing to set sales commissions and management rates. 
When a sewer line is installed down a rural road, the cost will probabl...
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principal of real estate 1 final exam with 100% correct answer
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One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): 
 
A) attorney-in-fact 
B) broker with a listing 
C) special agent 
D) attorney-at-law 
attorney-in-fact 
 
 
 
No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: 
 
A) township 
B) section 
C) scarcity 
D) nonhomogeneity 
nonhomogeneity 
 
 
 
The five essential elements that make a contract valid are: comp...
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Texas Principles of Real Estate 1 (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct
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Texas Principles of Real Estate 1 (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct Q: curtsey rights Answer: right a husband has to his wifes estate upon her death Q: fee simple defeasable Answer: a gift of land by a person or GRANTOR Q: Life Estate Answer: an estate in land for the duration of someones life (always a gift of land/ real estate) Q: Homestead Answer: Texas is a Homestead State. The property that you own and live in. It is a constitutional right that ca...
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ASREB National Test A-3 Questions and Answers Already Passed
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ASREB National Test A-3 Questions and 
 
Answers Already Passed 
 
A buyer sees a worn path across the property he is interested in buying. The buyer should be 
concerned about: 
Easement in gross 
Easement by prescription 
Condemnation 
 
Police Power Easement by prescription 
 
A chronological summary of title is called 
Deed report 
Abstract of title 
ATLA policy 
Title insurance report Abstract of title 
 
A clause in a deed which specifies the degree of property conveyed is called: 
Defeasa...
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1 FLORIDA REAL ESTATE EXAM QUESTIONS & ANSWERS, GRADED A+/| LATEST UPDATES/ COMPLETE EXAM PREDICTION PAPER |
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1 FLORIDA REAL ESTATE EXAM QUESTIONS & ANSWERS, 
GRADED A+/ 
Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and 
gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How 
much will the doc stamp tax on the deed be? 
1) $1,050.00 
2) $1,260.00 
3) $630.00 
4) $525.00 - -$1,260.00 
Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax 
due. 
Heather has b...
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Florida Real Estate Exam 2024 with 100% correct answers
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Florida Real Estate Exam 
Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 
 
1) $1,050.00 
2) $1,260.00 
3) $630.00 
4) $525.00 - correct answer -$1,260.00 
 
Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. 
 
Heather has been using a roadway...
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DONALDSON FINAL EXAM 2024 QUESTIONS WITH COMPLETE ANSWERS
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DONALDSON FINAL EXAM 2024 QUESTIONS WITH 
COMPLETE ANSWERS 
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 - Metes 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...
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Donaldson Final Exam 2024 with 100% correct answers
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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 - correct answer Metes 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 appurtena...
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WRA Chapter 8 Questions with verified solutions | Already Passed
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Easement by Prescription An easement created by adverse use of a property over a statutory period. 
Chain of Title Chronological record of a property's ownership. 
Specific Lien A claim against a piece of property. 
Gap Endorsement When a title company will provide coverage for liens that occur between the title 
commitment and the recording of the deed. 
Warranty Deed A deed in which the grantor warrants clear title to the property
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