PA REAL ESTATE: FUNDAMENTALS
220 QUESTIONS AND EXPERT
VERIFIED ANSWERS GUARANTEED
PASS
Which phrase best defines real estate?
A. Lane and the air above it
B. Land and all things permanently attached by nature
C. Land and all things permanently affixed to it
D. Land and the mineral rights in the land - ANSWER- C. The land
and all things permanently affixed to it
Nonhomogeneity refers to...
A. Scarcity
B. Immobility
,C. Uniqueness
D. Indestructibility - ANSWER- C. Uniqueness
The bundle of rights includes all except...
A. Possess the property
B. Enjoy the property within the framework of the law
C. Sell or otherwise convey the property
D. Use the property for any purpose - ANSWER- D. Use the property
for any purpose
Which of the following is a physical characteristic of real estate?
A. Location or area preference
B. Permanence of investment
C. Scarcity
D. Indestructibility - ANSWER- D. Indestructibility
Which of the following would not be a consideration when determining
whether an item is real property?
A. Cost of the item when purchased
B. Method of attachment
C. Intended use by owner
D. Manner which the item is used - ANSWER- A. Cost of the item
when purchased
,Define scarcity - ANSWER- The availability of land in a given
location
What is zoning - ANSWER- Regulatory tool that helps communities
regulate and control how land is used to protest the public
What is PUD or Planned Unit Development? - ANSWER-
Development where land is set aside for mixed use purposes
Define nonconforming use - ANSWER- Allowed to continue as long
as it complies with the regulations until improvements are destroyed
Conditional use permit - ANSWER- Also known as limited variance
or special use permit; special permission to do something otherwise
forbidden in zoning laws as long as it is deemed to be in the interest
of the public
Define Plat - ANSWER- Detailed map that illustrated geographic
boundaries of individual lots
Define density zoning - ANSWER- Ordinances that may restrict the
average maximum of homes per acre that can be built in a
subdivision
Define reed restriction - ANSWER- Limitations to the use of the
property imposed by a past owner and are binding on future owners
, Define restrictive covenant - ANSWER- Declarations of conditions and
restrictions that affect use of all parcels of land within a subdivision
Define arsenic - ANSWER- Natural element found in water, soil, air,
and has been linked to cancer
Define asbestos - ANSWER- Fire resistant material once used for
insulation
Define carbon monoxide - ANSWER- a colorless, odorless, and
poisonous gas
Define Legal Description - ANSWER- A legal description is a written
description of property that identifies the subject piece of property as
precisely as possible.
Name the three methods to describe real estate - ANSWER- Metes &
Bounds
Rectangular or Government Survey
Lot & Block
Describe metes and bounds - ANSWER- Relies on property's physical
features to determine the boundaries and measurements of the parcel
220 QUESTIONS AND EXPERT
VERIFIED ANSWERS GUARANTEED
PASS
Which phrase best defines real estate?
A. Lane and the air above it
B. Land and all things permanently attached by nature
C. Land and all things permanently affixed to it
D. Land and the mineral rights in the land - ANSWER- C. The land
and all things permanently affixed to it
Nonhomogeneity refers to...
A. Scarcity
B. Immobility
,C. Uniqueness
D. Indestructibility - ANSWER- C. Uniqueness
The bundle of rights includes all except...
A. Possess the property
B. Enjoy the property within the framework of the law
C. Sell or otherwise convey the property
D. Use the property for any purpose - ANSWER- D. Use the property
for any purpose
Which of the following is a physical characteristic of real estate?
A. Location or area preference
B. Permanence of investment
C. Scarcity
D. Indestructibility - ANSWER- D. Indestructibility
Which of the following would not be a consideration when determining
whether an item is real property?
A. Cost of the item when purchased
B. Method of attachment
C. Intended use by owner
D. Manner which the item is used - ANSWER- A. Cost of the item
when purchased
,Define scarcity - ANSWER- The availability of land in a given
location
What is zoning - ANSWER- Regulatory tool that helps communities
regulate and control how land is used to protest the public
What is PUD or Planned Unit Development? - ANSWER-
Development where land is set aside for mixed use purposes
Define nonconforming use - ANSWER- Allowed to continue as long
as it complies with the regulations until improvements are destroyed
Conditional use permit - ANSWER- Also known as limited variance
or special use permit; special permission to do something otherwise
forbidden in zoning laws as long as it is deemed to be in the interest
of the public
Define Plat - ANSWER- Detailed map that illustrated geographic
boundaries of individual lots
Define density zoning - ANSWER- Ordinances that may restrict the
average maximum of homes per acre that can be built in a
subdivision
Define reed restriction - ANSWER- Limitations to the use of the
property imposed by a past owner and are binding on future owners
, Define restrictive covenant - ANSWER- Declarations of conditions and
restrictions that affect use of all parcels of land within a subdivision
Define arsenic - ANSWER- Natural element found in water, soil, air,
and has been linked to cancer
Define asbestos - ANSWER- Fire resistant material once used for
insulation
Define carbon monoxide - ANSWER- a colorless, odorless, and
poisonous gas
Define Legal Description - ANSWER- A legal description is a written
description of property that identifies the subject piece of property as
precisely as possible.
Name the three methods to describe real estate - ANSWER- Metes &
Bounds
Rectangular or Government Survey
Lot & Block
Describe metes and bounds - ANSWER- Relies on property's physical
features to determine the boundaries and measurements of the parcel
