FINAL 40Q EXAM (JAN22-2023

When considering an easement appurtenant, which property is designated as the ‘servient estate‘?

The Real Estate Settlement Procedures Act (RESPA) provides that

What color is the Ocean at daybreak?

What Color is the Sky at 12 noon?

What color is the sky when raining?

What color is the sky when snowing?

In the event that it is necessary for landlord Susan to remove a tenant from the premises, she does it by

The federal Fair Housing Act does NOT prohibit

A house for sale was advertised, ‘Fine executive home in an exclusive neighborhood, suitable for an older couple; near St. Mary’s Church.’ Which of the following statements is INCORRECT?

When properly recorded in the county where the real estate of the defendant is located, a judgment becomes a(n)

All of the following are true in defining a corporation as a legal entity, EXCEPT

A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the

Margosia has a 9-year-old grandson and her application for an apartment has been rejected as the community does not allow anyone under the age of 18. Is this permissible?

Lloyd owns property next to property that the city has condemned to extend the runways at the municipal airport. Lloyd feels his property has diminished in value due to this public use. He may seek compensation by an action of

In order for a contract to be valid, the offeree must accept the offer before

A person wants to ensure that the ownership of real property can be willed to her children. Which of the following forms of ownership would the person want?

A suit to quiet title refers to

Stefan is in the business of buying large tracts of land and then reselling them to consumers in small tracts. He is in business as a

In what way does a deed of trust differ from a mortgage?

The history of all owners of a specific parcel of real estate is the property’s

When two or more persons join to make and operate a real estate investment, the arrangement is called a

Mrs. Robinson has owned her house for over 50 years. It has fallen into disrepair, but because she lives on a fixed income, she does not have the money to make the needed repairs. She has a considerable amount of equity in the house. What type of loan best suits her needs?

Under the federal Fair Housing Act it is illegal to discriminate because

Generally, an oral lease for five years is

Deed restrictions may NOT legally control or limit

An example of a kickback that is prohibited by RESPA is

When a tenant sublets all or any part of the premises rented under a written lease,

A management agreement is to a property manager as a(n)

A buyer has signed an agreement with a broker to compensate the broker even if the buyer purchases the property from a relative. This is called a (n)

Adaptations of property specifications to suit tenant requirements are

Which of the following would be used to clear a defect from the title records?

All the following clauses in a loan agreement enable the lender to demand the entire remaining debt be paid immediately EXCEPT a(an)

A method of sealing off disintegrating asbestos is called

Piotr has just made the final payment on her home mortgage to her lender. There will still be a lien on her property until the lender records a(n)

John is involved in a lawsuit. He owns a rental home which is free of any mortgage. What can a creditor obtain to prevent John from selling the rental home before the lawsuit is settled?

Reconciliation is an appraisal term used to describe

A decedent left a will giving his neighbor the right to use a well on the decedent’s land as long as the neighbor lived. The neighbor’s interest in the property is properly called a(n)

A violation of the Fair Housing Act could result in a penalty of

The Real Estate Settlement Procedures Act requires

Which of the following is a lien on real estate?

A wooded area with biking and hiking trails is situated between old cotton mills and a housing development. This area is considered a

Actions that are made illegal by federal and state fair housing laws do NOT include

The purpose of building permits is to

The Real Estate Settlement Procedures Act states all of the following EXCEPT

The practice of channeling families with children away from other buildings into an apartment building where other families with children reside is

When considering an easement appurtenant, which property is designated as the ‘servient estate‘?

What color is the Ocean at daybreak?

What Color is the Sky at 12 noon?

What color is the sky when raining?

What color is the sky when snowing?

The Real Estate Settlement Procedures Act (RESPA) provides that

In the event that it is necessary for landlord Susan to remove a tenant from the premises, she does it by

The federal Fair Housing Act does NOT prohibit

A house for sale was advertised, ‘Fine executive home in an exclusive neighborhood, suitable for an older couple; near St. Mary’s Church.’ Which of the following statements is INCORRECT?

When properly recorded in the county where the real estate of the defendant is located, a judgment becomes a(n)

All of the following are true in defining a corporation as a legal entity, EXCEPT

A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the

Margosia has a 9-year-old grandson and her application for an apartment has been rejected as the community does not allow anyone under the age of 18. Is this permissible?

Lloyd owns property next to property that the city has condemned to extend the runways at the municipal airport. Lloyd feels his property has diminished in value due to this public use. He may seek compensation by an action of

In order for a contract to be valid, the offeree must accept the offer before

A person wants to ensure that the ownership of real property can be willed to her children. Which of the following forms of ownership would the person want?

A suit to quiet title refers to

Stefan is in the business of buying large tracts of land and then reselling them to consumers in small tracts. He is in business as a

In what way does a deed of trust differ from a mortgage?

The history of all owners of a specific parcel of real estate is the property’s

When two or more persons join to make and operate a real estate investment, the arrangement is called a

Mrs. Robinson has owned her house for over 50 years. It has fallen into disrepair, but because she lives on a fixed income, she does not have the money to make the needed repairs. She has a considerable amount of equity in the house. What type of loan best suits her needs?

Under the federal Fair Housing Act it is illegal to discriminate because

Generally, an oral lease for five years is

Deed restrictions may NOT legally control or limit

An example of a kickback that is prohibited by RESPA is

When a tenant sublets all or any part of the premises rented under a written lease,

A management agreement is to a property manager as a(n)

A buyer has signed an agreement with a broker to compensate the broker even if the buyer purchases the property from a relative. This is called a (n)

Adaptations of property specifications to suit tenant requirements are

Which of the following would be used to clear a defect from the title records?

All the following clauses in a loan agreement enable the lender to demand the entire remaining debt be paid immediately EXCEPT a(an)

A method of sealing off disintegrating asbestos is called

Piotr has just made the final payment on her home mortgage to her lender. There will still be a lien on her property until the lender records a(n)

John is involved in a lawsuit. He owns a rental home which is free of any mortgage. What can a creditor obtain to prevent John from selling the rental home before the lawsuit is settled?

Reconciliation is an appraisal term used to describe

A decedent left a will giving his neighbor the right to use a well on the decedent’s land as long as the neighbor lived. The neighbor’s interest in the property is properly called a(n)

A violation of the Fair Housing Act could result in a penalty of

The Real Estate Settlement Procedures Act requires

Which of the following is a lien on real estate?

A wooded area with biking and hiking trails is situated between old cotton mills and a housing development. This area is considered a

Actions that are made illegal by federal and state fair housing laws do NOT include

The purpose of building permits is to

The Real Estate Settlement Procedures Act states all of the following EXCEPT

The practice of channeling families with children away from other buildings into an apartment building where other families with children reside is