McKissock Basic Appraisal Principles EXAM || MOST RECENT
EXAM 2026 2027 ACTUAL COMPLETE REAL EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
How many acres are in a quarter-section?
Section =640
*640/4= 160
Which system of legal descriptions is based on standardized measurements
and consistent rectangles and squares?
Rectangular survey
A farmer purchased a half-section for $456,000. How much did he pay for
the property per acre?
*640/2 = 320
456,000/320= 1425
In the rectangular survey system, a section contains square mile(s)
1
,The most recent system of legal descriptions is the ____ system.
Lot and Block
A rod contains __ feet.
16.5
In the rectangular survey system, a township contains square miles.
36
A lot contains 2.41 acres. It sells for $150,000. How much did it sell for per
square foot?
2.41 X 43560 = 104,979.6
150,.6 = $1.43
A chain contains _ feet.
66
The bearing relative to north or south is called
Metes
,Mary Jones has a property with no road frontage. She has an access right of
way across the property of her neighbor Bob Smith for ingress, egress,
and regress. Who has the dominant tenement in this situation?
Mary Jones
True or False? When a property is leased, two separate estates are created.
True
An easement that has, by definition, both dominant and servient tenements is
an easement appurtenant
True or False? Fee simple estate is not limited by the governmental powers
of taxation, eminent domain, police power, and escheat.
False
Martha wants to purchase a property with her three sons. She
wants a 70% ownership interest, and her sons will each have a 10%
interest. What form of ownership will best suit her needs?
tenancy in common
What type of property ownership is characterized by the purchase of
shares of stock in a corporation, which provides a proprietary lease to
occupy an apartment unit?
Cooperative
, A property is owned as tenancy in severalty. How many owners are there?
One
Tenancy by the entirety is a form of ownership reserved for
Spouses
The landlord's ownership interest in a leased property would be
Leased fee
Tenancy in severalty involves _____ owner(s).
only one
Which type of ownership can only be held by a married couple?
tenancy by the entirety
The fullest and most complete type of estate is
Fee simple
A fee simple estate is NOT
reserved for married couples only
EXAM 2026 2027 ACTUAL COMPLETE REAL EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | GUARANTEED SUCCESS!! NEWEST EXAM | JUST
RELEASED!!
How many acres are in a quarter-section?
Section =640
*640/4= 160
Which system of legal descriptions is based on standardized measurements
and consistent rectangles and squares?
Rectangular survey
A farmer purchased a half-section for $456,000. How much did he pay for
the property per acre?
*640/2 = 320
456,000/320= 1425
In the rectangular survey system, a section contains square mile(s)
1
,The most recent system of legal descriptions is the ____ system.
Lot and Block
A rod contains __ feet.
16.5
In the rectangular survey system, a township contains square miles.
36
A lot contains 2.41 acres. It sells for $150,000. How much did it sell for per
square foot?
2.41 X 43560 = 104,979.6
150,.6 = $1.43
A chain contains _ feet.
66
The bearing relative to north or south is called
Metes
,Mary Jones has a property with no road frontage. She has an access right of
way across the property of her neighbor Bob Smith for ingress, egress,
and regress. Who has the dominant tenement in this situation?
Mary Jones
True or False? When a property is leased, two separate estates are created.
True
An easement that has, by definition, both dominant and servient tenements is
an easement appurtenant
True or False? Fee simple estate is not limited by the governmental powers
of taxation, eminent domain, police power, and escheat.
False
Martha wants to purchase a property with her three sons. She
wants a 70% ownership interest, and her sons will each have a 10%
interest. What form of ownership will best suit her needs?
tenancy in common
What type of property ownership is characterized by the purchase of
shares of stock in a corporation, which provides a proprietary lease to
occupy an apartment unit?
Cooperative
, A property is owned as tenancy in severalty. How many owners are there?
One
Tenancy by the entirety is a form of ownership reserved for
Spouses
The landlord's ownership interest in a leased property would be
Leased fee
Tenancy in severalty involves _____ owner(s).
only one
Which type of ownership can only be held by a married couple?
tenancy by the entirety
The fullest and most complete type of estate is
Fee simple
A fee simple estate is NOT
reserved for married couples only
