Metro Brokers Practice test
Study online at https://quizlet.com/_bpt2br
1. What best describes a parcel of land?: The earth's surface clearly marked by certain boundaries
2. What is not considered when determining wherher an item is a fixture or
not?: Method of attachment
3. The characteristics that distinguishes personal property from real property: -
Mobility
4. Why does legal description only describe land?: Because buildingd and other improvements
are considered to bepart of the real estate
5. An item that was personal property but has been attached to and become
part of the real property is known as:: fixture
6. Fructus Naturales: Plants that do not require annual cultivation and are considered real property.
7. Fructus Industriales: An Emblements, considered real property, plant or crop that require annual cultiva-
tion
8. Emblements: Refers to crops which require annual planting. Such as corn
9. What is the most distinctive physical characteristic of land?: Homogeneity
10. How is the ownership of property transfered?: Bill of sale
11. Is cut timber real property?: No
12. Law of Capture: Process of removing oil and gas from the land
13. The sum of all factors that affect value is called:: situs
14. Riparian Rights: A landowner's right to use and enjoy the water from a river, stream or lake which adjoins
the owned land.
15. What would happen if smith built a fence on jone's land by mistake thinking
it was on his land?: Jones may require smith to remove the fence or pay damages
16. Chattel real: personal property
17. How many square miles are in a township: 36 miles
18. Can the owner sell air righrs and retain the surface and subsurface rights: ****
yeah he can
19. Would a custom made window be considered a fixture?: Duh mf
20. Terminal points and boundary lines: Metes & bounds bitch
21. Is street address, county, and state a good way to describe a parcel of
land?: No *****
22. Datum: a base point from which height or depth can be measured for air rights
23. How many square feet are in an acre?: 43,560
, Metro Brokers Practice test
Study online at https://quizlet.com/_bpt2br
24. How do you convert square feet to acres?: Sqf/43560
25. How do you convert acres to sqf?: Acre x 43560
26. How many feet in a mile?: 5280 (780)
27. How do you convert square feet to yards?: / by 9
28. How many sqf in one yard?: 9
29. Formula for a triangle: 1/2 x b x h
30. Formula for rectangle: Length x Width
31. Economic Life: The number of years during which an improvement will add value to the land.
32. The government's right to make laws and regulations for the general welfare
of the public is known as: police power
33. eminent domain: Power of a government to take private property for public use
34. Can a private land owner disinherite his heirs?: Yes
35. What is needed for a lien to be effective?: It needs to be recorded
36. Bundle of Rights: The total collection of rights which may be claimed by private ownership is best described
as:
37. The word "fee" when used in connection with real estate law means: Estate of
inheritance
38. Can an estate exist simultaneously with another estate in the same
Property?: Yes
39. pur autre vie: for the life of another
40. Lien: a right to keep possession of property belonging to another person until a debt owed by that person is
discharged.
41. Except for property tax liens and in some cases mechanic's liens, priority of
liens is determined by the: Date of recording
42. What happens to an easement if the grantor of it dies?: Easement dies
43. Encroachment: unauthorized intrusion of a building or other improvements onto property owned by
another
44. Estate for years: Lease for a definite period of time
45. Characteristics of an easement: Can be created by conveyance
Incorporeal right in the land of another
, Metro Brokers Practice test
Study online at https://quizlet.com/_bpt2br
Creates an interest that may be protected from third party interference
46. Easement in Gross: A personal right to use the land of another.
47. Can a mechanic lien expire?: Yes if the claimant does not take the necessary steps to enforce it
48. Does a life estate always pass to a remainderman?: No
49. Freehold Estate: Will last indefinitely
50. Homestead laws: Laws designed to protect homeowner from forced sale of home to satisfy certain debts
51. licesne: Revocable permission granted to use someoneMa land
52. What do dower and curtesy rights have in common?: Legal life estate
53. Phrases for fee simple determinable: "So long as"
54. Phrases for fee simple condition subsequent: "Under the condition that"
55. What is the right of survivorship associated with?: Tenancy by entireties and joint tenancy
56. How would joint tenancy be changed to a tenancy in common?: One of two joint
tenants selling his/her interest to a third person
57. How does a corporation own property?: In severalty (one entity)
58. Could a husband and wife own property in severalty?: Nopeee
59. Right of Survivorship: the rights of surviving partners in a joint tenancy to divide the interests of a
deceased partner
60. What should you do if a client asks about the title ?: Recommend they seek legal help
61. Partition Suit: A legal action to divide or sell property held as tenancy in common or in joint tenancy. This
legal procedure is available to co-tenants who are unable to mutually agree on an acceptable plan of division or sale.
62. The land on which a high-rise condominium stands is owned by:: The individual
unit owners as tenants in common
63. Tenancy in Common: form of co-ownership in which the shares may be unequal and there is no right of
survivorship
64. Could a married woman and an unmarried man own real estate as tenants
by the entireties?: Nah
65. limited partnership: form of partnership where one or more partners are not active in the daily running
of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business
66. Does the owner of a cooperative apartment oen stock in a nonprofit organi-
zation?: Yes
Study online at https://quizlet.com/_bpt2br
1. What best describes a parcel of land?: The earth's surface clearly marked by certain boundaries
2. What is not considered when determining wherher an item is a fixture or
not?: Method of attachment
3. The characteristics that distinguishes personal property from real property: -
Mobility
4. Why does legal description only describe land?: Because buildingd and other improvements
are considered to bepart of the real estate
5. An item that was personal property but has been attached to and become
part of the real property is known as:: fixture
6. Fructus Naturales: Plants that do not require annual cultivation and are considered real property.
7. Fructus Industriales: An Emblements, considered real property, plant or crop that require annual cultiva-
tion
8. Emblements: Refers to crops which require annual planting. Such as corn
9. What is the most distinctive physical characteristic of land?: Homogeneity
10. How is the ownership of property transfered?: Bill of sale
11. Is cut timber real property?: No
12. Law of Capture: Process of removing oil and gas from the land
13. The sum of all factors that affect value is called:: situs
14. Riparian Rights: A landowner's right to use and enjoy the water from a river, stream or lake which adjoins
the owned land.
15. What would happen if smith built a fence on jone's land by mistake thinking
it was on his land?: Jones may require smith to remove the fence or pay damages
16. Chattel real: personal property
17. How many square miles are in a township: 36 miles
18. Can the owner sell air righrs and retain the surface and subsurface rights: ****
yeah he can
19. Would a custom made window be considered a fixture?: Duh mf
20. Terminal points and boundary lines: Metes & bounds bitch
21. Is street address, county, and state a good way to describe a parcel of
land?: No *****
22. Datum: a base point from which height or depth can be measured for air rights
23. How many square feet are in an acre?: 43,560
, Metro Brokers Practice test
Study online at https://quizlet.com/_bpt2br
24. How do you convert square feet to acres?: Sqf/43560
25. How do you convert acres to sqf?: Acre x 43560
26. How many feet in a mile?: 5280 (780)
27. How do you convert square feet to yards?: / by 9
28. How many sqf in one yard?: 9
29. Formula for a triangle: 1/2 x b x h
30. Formula for rectangle: Length x Width
31. Economic Life: The number of years during which an improvement will add value to the land.
32. The government's right to make laws and regulations for the general welfare
of the public is known as: police power
33. eminent domain: Power of a government to take private property for public use
34. Can a private land owner disinherite his heirs?: Yes
35. What is needed for a lien to be effective?: It needs to be recorded
36. Bundle of Rights: The total collection of rights which may be claimed by private ownership is best described
as:
37. The word "fee" when used in connection with real estate law means: Estate of
inheritance
38. Can an estate exist simultaneously with another estate in the same
Property?: Yes
39. pur autre vie: for the life of another
40. Lien: a right to keep possession of property belonging to another person until a debt owed by that person is
discharged.
41. Except for property tax liens and in some cases mechanic's liens, priority of
liens is determined by the: Date of recording
42. What happens to an easement if the grantor of it dies?: Easement dies
43. Encroachment: unauthorized intrusion of a building or other improvements onto property owned by
another
44. Estate for years: Lease for a definite period of time
45. Characteristics of an easement: Can be created by conveyance
Incorporeal right in the land of another
, Metro Brokers Practice test
Study online at https://quizlet.com/_bpt2br
Creates an interest that may be protected from third party interference
46. Easement in Gross: A personal right to use the land of another.
47. Can a mechanic lien expire?: Yes if the claimant does not take the necessary steps to enforce it
48. Does a life estate always pass to a remainderman?: No
49. Freehold Estate: Will last indefinitely
50. Homestead laws: Laws designed to protect homeowner from forced sale of home to satisfy certain debts
51. licesne: Revocable permission granted to use someoneMa land
52. What do dower and curtesy rights have in common?: Legal life estate
53. Phrases for fee simple determinable: "So long as"
54. Phrases for fee simple condition subsequent: "Under the condition that"
55. What is the right of survivorship associated with?: Tenancy by entireties and joint tenancy
56. How would joint tenancy be changed to a tenancy in common?: One of two joint
tenants selling his/her interest to a third person
57. How does a corporation own property?: In severalty (one entity)
58. Could a husband and wife own property in severalty?: Nopeee
59. Right of Survivorship: the rights of surviving partners in a joint tenancy to divide the interests of a
deceased partner
60. What should you do if a client asks about the title ?: Recommend they seek legal help
61. Partition Suit: A legal action to divide or sell property held as tenancy in common or in joint tenancy. This
legal procedure is available to co-tenants who are unable to mutually agree on an acceptable plan of division or sale.
62. The land on which a high-rise condominium stands is owned by:: The individual
unit owners as tenants in common
63. Tenancy in Common: form of co-ownership in which the shares may be unequal and there is no right of
survivorship
64. Could a married woman and an unmarried man own real estate as tenants
by the entireties?: Nah
65. limited partnership: form of partnership where one or more partners are not active in the daily running
of the business, and whose liability for the partnership's debt is restricted to the amount invested in the business
66. Does the owner of a cooperative apartment oen stock in a nonprofit organi-
zation?: Yes
