RE 101 Ch 1 Pop up Quiz Q's

A farm was sold where a field of corn was growing; there was no discussion between buyer and seller as to who would own the corn. If there was a dispute as to who could harvest the corn, a court would find:

A. the corn is real property, so the buyer is entitled to it

B. the seller receives the corn because it has been constructively severed from the land

C. the seller may return to harvest the corn under the doctrine of emblements

D. the seller may harvest the corn because his intention is the controlling factor

A. the corn is real property, so the buyer is entitled to it

B. the seller receives the corn because it has been constructively severed from the land

C. the seller may return to harvest the corn under the doctrine of emblements

D. the seller may harvest the corn because his intention is the controlling factor

Items of personal property that become real property once they are attached to real property are known as:

A. attachments

B. Fixtures

C. inclusions

D. appurtenances

A. attachments

B. Fixtures

C. inclusions

D. appurtenances

Unless excepted from the agreement, which of the following are implicitly included in a transfer of real property?

A.A building constructed on land

B.Mineral deposits underneath the land

C.Riparian rights appurtenant to the land

D.All of the above

A.A building constructed on land

B.Mineral deposits underneath the land

C.Riparian rights appurtenant to the land

D.All of the above

Statutes define a fixture as an item that has been:

A.alluded to by action but not included in the official contract of sale

B.adapted for extraordinary use in relation to the land

C.incorporated into the land

D.integrated with the chattel real

A.alluded to by action but not included in the official contract of sale

B.adapted for extraordinary use in relation to the land

C.incorporated into the land

D.integrated with the chattel real

A Bill of Sale must be:

A.dated

B.signed by the seller

C.notarized

D.recorded

A.dated

B.signed by the seller

C.notarized

D.recorded

The instrument used to transfer possession of personal property is a:

A.security agreement

B.bill of sale

C.chattel mortgage

D.bulk transfer notice

A.security agreement

B.bill of sale

C.chattel mortgage

D.bulk transfer notice

Which of the following statements regarding transfer of title to personal property is false?

A.Title to personal property can pass simply through transfer of possession

B.Personal property is considered, for legal purposes, to be located at the owner's domicile, regardless of where it actually is

C.A study of public records will yield information about the condition of title to personal property, much the same as with real property

D.A written instrument may be used to transfer personal property, but usually isn't

A.Title to personal property can pass simply through transfer of possession

B.Personal property is considered, for legal purposes, to be located at the owner's domicile, regardless of where it actually is

C.A study of public records will yield information about the condition of title to personal property, much the same as with real property

D.A written instrument may be used to transfer personal property, but usually isn't

A real estate broker may have difficulty identifying personal property, because personal property may:

A.be hypothecated

B.be alienated

C.become real property

D.All of the above

A.be hypothecated

B.be alienated

C.become real property

D.All of the above

Which of the following would be considered real property?

A.Fixtures that a tenant intends to remove

B.A stud forming part of a wall

C.Shrubs that have not yet been planted

D.Crops that have not been harvested but where a sale agreement has been reached

A.Fixtures that a tenant intends to remove

B.A stud forming part of a wall

C.Shrubs that have not yet been planted

D.Crops that have not been harvested but where a sale agreement has been reached

Which of the following is not a consideration in determining whether or not an item is a fixture?

A.Relationship between parties

B.Intention of annexor

C.Manner of annexation

D.Time of annexation

A.Relationship between parties

B.Intention of annexor

C.Manner of annexation

D.Time of annexation

Which would a court disregard in deciding whether an item of personal property has become real property?

A.Agreement between the parties

B.Permanence of annexation

C.Cost of the item

D.Relationship of the parties

A.Agreement between the parties

B.Permanence of annexation

C.Cost of the item

D.Relationship of the parties

Which one of the following items is real property?

A.A bearing wall in a single-family home

B.Trade fixtures installed by a tenant, removable without damage

C.A maturing grape crop to be harvested later under a sale contract

D.A refrigerator built in to a mobile home that is not on a permanent foundation

A.A bearing wall in a single-family home

B.Trade fixtures installed by a tenant, removable without damage

C.A maturing grape crop to be harvested later under a sale contract

D.A refrigerator built in to a mobile home that is not on a permanent foundation

Which of the following is not real property?

A.Ceiling fan installed by building's owner

B.Elm tree

C.Mobile home permanently affixed to a foundation

D.Trade fixtures that the tenant intends to remove

A.Ceiling fan installed by building's owner

B.Elm tree

C.Mobile home permanently affixed to a foundation

D.Trade fixtures that the tenant intends to remove

Which of the following statements regarding fixtures is false?

A.Fixtures which are installed after a mortgage becomes effective are subject to the lien of the mortgage

B.Trade fixtures installed by a tenant may be removed by the tenant upon his departure

C.A water heater installed in an apartment unit is a fixture

D.A fence that has been permanently torn down and is now a pile of lumber is considered real property

A.Fixtures which are installed after a mortgage becomes effective are subject to the lien of the mortgage

B.Trade fixtures installed by a tenant may be removed by the tenant upon his departure

C.A water heater installed in an apartment unit is a fixture

D.A fence that has been permanently torn down and is now a pile of lumber is considered real property

Which of the following is not considered to be appurtenant to land?

A.Watercourses

B.Fences

C.Dwellings

D.Trade fixtures

A.Watercourses

B.Fences

C.Dwellings

D.Trade fixtures

A broker sells a used mobile home that is subject to registration requirements. The Department of Housing and Community Development must be notified within:

A.3 days

B.7 days

C.10 days

D.20 days

A.3 days

B.7 days

C.10 days

D.20 days

A licensee may list or sell:

A.a new mobile home

B.a registered mobile home

C.any mobile home over 32 feet in length

D.any mobile home, with a deed

A.a new mobile home

B.a registered mobile home

C.any mobile home over 32 feet in length

D.any mobile home, with a deed

A licensee is allowed to sell a mobile home that is:

A.certified and placed on a permanent foundation

B.less than two months old

C.over 30 feet long

D.not registered with the Dept. of Housing and Community Development

A.certified and placed on a permanent foundation

B.less than two months old

C.over 30 feet long

D.not registered with the Dept. of Housing and Community Development

Which of the following statements regarding the metes and bounds method is correct?

A.Metes refers to north-south lines; bounds refers to east-west lines

B.Metes refers to the corners of the lot; bounds refers to the distances between the corners

C.Metes refers to measurements of distance; bounds refers to boundaries

D.Metes refers to the municipality; bounds refers to the particular subdivision

A.Metes refers to north-south lines; bounds refers to east-west lines

B.Metes refers to the corners of the lot; bounds refers to the distances between the corners

C.Metes refers to measurements of distance; bounds refers to boundaries

D.Metes refers to the municipality; bounds refers to the particular subdivision

A legal description reads: "Beginning at the NW corner of Ash and Elm, then continuing north 40 feet along Elm, then due west for 100 feet, then south 40 feet to Ash, and then east for 100 feet along Ash to the point of beginning." Which type of legal description is this?

A.Government survey

B.Metes and bounds

C.Lot and block

D.Torrens system

A.Government survey

B.Metes and bounds

C.Lot and block

D.Torrens system

The land description method that makes reference to sections, townships, and ranges is the:

A.government survey method

B.recorded map method

C.metes and bounds method

D.Torrens system

A.government survey method

B.recorded map method

C.metes and bounds method

D.Torrens system

One side of a square parcel that measures exactly one acre would be approximately how many feet in length?

A.203 feet

B.208 feet

C.213 feet

D.220 feet

A.203 feet

B.208 feet (208.7 exact)

C.213 feet

D.220 feet

How many square miles are in one section?

A.1

B.2

C.6

D.36

A.1

B.2

C.6

D.36

A ranch is 36 miles square. What is the number of townships contained in the ranch?

A.1

B.6

C.36

D.1,296

A.1

B.6

C.36

D.1,296

How many whole townships could fit into a parcel of land that is 28 miles square?

A.28

B.22

C.19

D.16

A.28

B.22

C.19

D.16

Which of the following statements regarding the government survey method is correct?

A.Ranges are numbered north and south from the base line

B.Township lines run east-west

C.Township lines are numbered based on a principal meridian

D.Range lines run east-west

A.Ranges are numbered north and south from the base line

B.Township lines run east-west

C.Township lines are numbered based on a principal meridian

D.Range lines run east-west

Luisa owns two parcels of farm property. One is described as the "N 1/2 of the S 1/2 of the E 1/2 of the W 1/2 of the NW 1/4 of Section 3," while the other is the "E 1/2 of the NE 1/4 of the NE 1/4 of Section 4." How many total acres does she own?

A.30 acres

B.40 acres

C.50 acres

D.80 acres

A.30 acres

B.40 acres

C.50 acres

D.80 acres

Start by determining the size of the first parcel. 640 acres ÷ 4 = 160 acres. 160 acres ÷ 2 = 80 acres. 80 acres ÷ 2 = 40 acres. 40 acres ÷ 2 = 20 acres. And 20 acres ÷ 2 = 10 acres. Now, find the area of the second parcel. 640 acres ÷ 4 = 160 acres. 160 acres ÷ 4 = 40 acres. And 40 acres ÷ 2 = 20 acres. Add 10 acres to 20 acres for a total area of 30 acres.

A parcel of land measuring 1/2 mile by 1/2 mile is equal to:

A.40 acres

B.80 acres

C.160 acres

D.320 acres

A.40 acres

B.80 acres

C.160 acres

D.320 acres

Multiply 1/2 mile by 1/2 mile to find that the area of the land is 1/4 square mile. Since there are 640 acres in a square mile, there are 160 acres in one-quarter of a square mile (640 ÷ 4 = 160).

Two parcels of land are exchanged. The first parcel is the NW ¼ of the SE ¼ of Section 21 and is valued at $800 per acre. The second parcel is the S ½ of the NE ¼ of Section 22 and is valued at $500 per acre. What is the difference in value between the exchanged properties?

$8,000

B.$8,800

C.$12,000

D.$24,000

$8,000

B.$8,800

C.$12,000

D.$24,000

First, calculate the area of the first parcel (640 acres ÷ 4 = 160, and 160 acres ÷ 4 = 40 acres). Multiply that by $800 per acre to find that the first parcel is valued at $32,000 (40 × $800). Next, calculate the area of the second parcel (640 acres ÷ 4 = 160, and 160 acres ÷ 2 = 80 acres). Multiply that by $500 per acre to find that the second parcel is valued at $40,000 (80 × $500). Subtract $32,000 from $40,000 to find that the difference is $8,000. Diagramming this kind of problem helps; see a similar illustration in Principles in Figure 1.9 (on p. 13, or check the online course at the related spot).

If you don't make any allowance for streets or sidewalks, how many lots that are 50 feet by 100 feet will fit into one acre?

A.5

B.6

C.8

D.11

A.5

B.6

C.8

D.11

First, calculate the size of each lot: 50 feet by 100 feet is 5,000 square feet. Then, divide that into 43,560 square feet (the number of square feet in an acre). 43,560 ÷ 5,000 = 8.7, so a maximum of eight lots would fit.

Of the following choices, which is largest in area?

A.A lot containing 4,047 square yards

B.An acre

C.A lot 196 feet square

D.A parcel containing 41,640 square feet

A.A lot containing 4,047 square yards

B.An acre

C.A lot 196 feet square

D.A parcel containing 41,640 square feet

One acre is 43,560 square feet. This is larger than 4,047 square yards (4,047 square yards × 9 square feet per square yard = 36,423 square feet), 196 feet square (196 feet × 196 feet = 38,416 square feet), or 41,640 square feet.

Of the following, the largest land area is contained within:

A.two sections

B.10% of a township

C.5,280' × 10,560'

D.four square miles

A.two sections

B.10% of a township

C.5,280' × 10,560'

D.four square miles

Four square miles is larger than any of the other options. Two sections is equal to two square miles. 10% of a township is 3.6 square miles. And a parcel 5,280' by 10,560' is one mile by two miles, so it contains two square miles.

A lot map legal description requires all of the following, except:

A.city

B.county

C.lot number

D.street address

A.city

B.county

C.lot number

D.street address

Under the recorded map method of property description, the street address is not necessary. The description includes a lot number, block number, the city or county, and where the map is recorded.

Which of the following sources would be the least satisfactory for obtaining a legal description of a parcel of real property?

A.Deeds

B.Preliminary title reports

C.Escrow instructions

D.Real property tax bills

A.Deeds

B.Preliminary title reports

C.Escrow instructions

D.Real property tax bills

A real property tax bill usually identifies the property by the tax assessor's parcel number. While the bill may also include a legal description of the property, that's often an abbreviated description instead of the complete legal description.

A metes and bounds legal description identifies a property by specifying the boundaries of the parcel.

True

Another name for the rectangular survey system is the geometrical survey system.

False

Another name for the rectangular survey system is the government survey system.

A section of land consists of thirty-six townships.

False

One-half of a township equals eighteen square miles.

True

A township is thirty-six square miles; therefore, half of a township is eighteen square miles.

In the government survey system, a section of land that is not exactly one mile square is called

True

In the government survey system, a parcel of land that is not a regular section is called a government lot.

A metes and bounds description includes a point of beginning and a series of courses and distances.

True

A metes and bounds description starts at the point of beginning and describes the boundaries by reference to monuments, courses, and distances.

Once a plat map has been recorded, a lot within the subdivision can be described by its lot and block number, the name of the subdivision, and the county or city.

True

A detailed description of the lot is already on file in the recorder's office. It may be incorporated into any legal document by reference to the lot number and subdivision plat.

In the government survey system, the main north-south line in a particular grid is called the base line.

False.

The main north-south line is called the principal meridian. The base line is the main east-west line.

The intersection of a range and a township tier in the government survey system is called a township.

True.

Ranges are north-south columns, and township tiers are east-west rows. A township is the parcel formed by the intersection of a range and a township tier.

A parcel of land that occupies two sections is larger than a parcel of land that is four square miles.

False.

A section is equal to one square mile. Two sections, therefore, are two square miles.

The distinction between real property and personal property is important in a real estate sale because:

A. the legal description depends on this distinction

B. anything that is part of the real property is transferred to the buyer, unless otherwise agreed

C. the buyer is responsible only for the cost of the real property

D. only realty may be transferred in a purchase and sale agreement

A. the legal description depends on this distinction

B. anything that is part of the real property is transferred to the buyer, unless otherwise agreed

C. the buyer is responsible only for the cost of the real property

D. only realty may be transferred in a purchase and sale agreement