Ga Real Estate Exam - Metro Brokers Mid-term Prep (Use FLASHCARDS ONLY
Study online at https://quizlet.com/_6vx4mo
1. The government's right to make laws and regulations for the general welfare
is known as:
A. eminent domain
B. police power
C. escheat
D. the bundle of rights: B. police power
2. The City of Atlanta has condemned Nelson's land in order to extend its rapid
transit services. This procedure is made possible because of the city's right of:
A. entry
B. escheat
C. eminent domain
D. police power: C. eminent domain
3. A private landowner has the right to:
A. reject a claim for taxes
B. repudiate a zoning ordinance
C. disinherit heirs
D. refuse to sell the property or otherwise prevent the city from taking it for use
as a street: C. disinherit heirs
4. In order to be effective, a lien should be:
A. recorded
B. published
C. renewed
D. delivered: A. recorded
5. The total collection of rights that may be claimed by private ownership is best
described as:
A. the fee simple system
B. an estate
, Ga Real Estate Exam - Metro Brokers Mid-term Prep (Use FLASHCARDS ONLY
Study online at https://quizlet.com/_6vx4mo
C. freehold
D. the bundle of rights: D. the bundle of rights
6. In real estate law, the word fee is closest in meaning to:
A. possession
B. an estate of inheritance
C. a tax or assessment on land
D. a real estate commission: B. an estate of inheritance
7. Which of the following is correct about an estate:
A. It can exist simultaneously with another estate in the same property
B. Upon the death of the owner, it either goes to the owner's heirs or to the
state by escheat
C. The owner is always assured of possession
D. Its duration is either forever or for a lifetime: A. It can exist simultaneously with another estate
in the same property
8. Bob gives an estate to Jim for the life of Sue. Which of the following is true?
A. Jim has an estate pur autre vie
B. Bob has a possessory estate
C. Sue is the person in remainder
D. Sue has a reversionary interest: A. Jim has an estate pur autre vie
9. A right or claim of a creditor to have a debt satisfied from the proceeds of the
sale of the debtor's property in the event of default is:
A. an attachment
B. a judgement
C. a writ of execution
D. a lien: D. a lien
10. Except for property tax liens and in some cases mechanic's liens, priority of
liens is determined by the
A. amount of the debt
Study online at https://quizlet.com/_6vx4mo
1. The government's right to make laws and regulations for the general welfare
is known as:
A. eminent domain
B. police power
C. escheat
D. the bundle of rights: B. police power
2. The City of Atlanta has condemned Nelson's land in order to extend its rapid
transit services. This procedure is made possible because of the city's right of:
A. entry
B. escheat
C. eminent domain
D. police power: C. eminent domain
3. A private landowner has the right to:
A. reject a claim for taxes
B. repudiate a zoning ordinance
C. disinherit heirs
D. refuse to sell the property or otherwise prevent the city from taking it for use
as a street: C. disinherit heirs
4. In order to be effective, a lien should be:
A. recorded
B. published
C. renewed
D. delivered: A. recorded
5. The total collection of rights that may be claimed by private ownership is best
described as:
A. the fee simple system
B. an estate
, Ga Real Estate Exam - Metro Brokers Mid-term Prep (Use FLASHCARDS ONLY
Study online at https://quizlet.com/_6vx4mo
C. freehold
D. the bundle of rights: D. the bundle of rights
6. In real estate law, the word fee is closest in meaning to:
A. possession
B. an estate of inheritance
C. a tax or assessment on land
D. a real estate commission: B. an estate of inheritance
7. Which of the following is correct about an estate:
A. It can exist simultaneously with another estate in the same property
B. Upon the death of the owner, it either goes to the owner's heirs or to the
state by escheat
C. The owner is always assured of possession
D. Its duration is either forever or for a lifetime: A. It can exist simultaneously with another estate
in the same property
8. Bob gives an estate to Jim for the life of Sue. Which of the following is true?
A. Jim has an estate pur autre vie
B. Bob has a possessory estate
C. Sue is the person in remainder
D. Sue has a reversionary interest: A. Jim has an estate pur autre vie
9. A right or claim of a creditor to have a debt satisfied from the proceeds of the
sale of the debtor's property in the event of default is:
A. an attachment
B. a judgement
C. a writ of execution
D. a lien: D. a lien
10. Except for property tax liens and in some cases mechanic's liens, priority of
liens is determined by the
A. amount of the debt
