Exam (elaborations)
Ct Real Estate Practice exam general with actual answers latest update
- Course
- Institution
Ct Real Estate Practice exam general with actual answers latest update
[Show more]
Content preview
Ct Real Estate Practice exam generalTwo lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in
the middle of the street. Which of the following characteristics MOST likely explains the price difference?
- correct answer ✔✔Situs
How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? -
correct answer ✔✔Writ of execution
What type of map is MOST useful for describing the terrain of a very hilly lot? - correct answer
✔✔Contour map
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1
month's rent and got a receipt. What kind of leasehold does the tenant have? - correct answer
✔✔Tenancy at will
A major difference between freehold and nonfreehold estates is that all freehold estates - correct
answer ✔✔are of indeterminable duration
Real property can be converted to personal property by - correct answer ✔✔Severance
A lawsuit for inverse condemnation may be brought by - correct answer ✔✔a homeowner
A deed restriction is applicable to the activities of - correct answer ✔✔present and future owners.
If conditions for purchase are included in a deed and these conditions are violated, what is the penalty? -
correct answer ✔✔Return of the property to the original owner.
The terms "littoral," "riparian," and "appropriative" refer to - correct answer ✔✔water rights.
, Which of the following BEST illustrates the concept and intent of a buffer zone? - correct answer
✔✔Garden apartments located between a single-family residential neighborhood and a shopping center.
A property owner died, having willed his real property to his two daughters. There is still a chance that
they could lose the land for a variety of reasons, but it CANNOT be taken through - correct answer
✔✔escheat
An environmental impact statement typically describes the effects of a proposed project on factors such
as - correct answer ✔✔public health and safety
All of the following are methods to calculate the reproduction or replacement cost of a building EXCEPT
the - correct answer ✔✔straight-line method
Which of the following approaches MOST reliably estimates the sales price of a single-family residence? -
correct answer ✔✔Market data
A formal appraisal will ALWAYS be REQUIRED when the - correct answer ✔✔lender wants to sell the
mortgage to the secondary market.
According to the principle of progression, a three-bedroom, one-story home is MOST likely to bring the
highest sales price if located in a neighborhood in which - correct answer ✔✔most homes are larger
than the sale home.
An appraiser MUST be licensed or certified to handle Federally related work on residential property
valued at more than - correct answer ✔✔$250,000
A competitive market analysis is MOST often used for - correct answer ✔✔setting a listing price
Which rule-of-thumb version is being offered to an investor who is told that a house renting for $900 a
month should sell for about $90,000? - correct answer ✔✔GRM
When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender,
title is held by the - correct answer ✔✔mortgagor
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76658 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now