Alaska Real Estate License & Property Law: Key Facts &
Regulations TEST BANK EXAM PREP QUESTIONS
AND A NEW UPDATED STUDY GUIDE WITH
COMPLETE ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS (LATEST UPDATED VERSIONS)
|GUARANTEED PASS. (FULL REVISED EXAM
What unities are required for joint tenancy?
Time, title, interest, possession
What does tenancy in common include?
Unequal ownership possible
What does severalty mean?
Sole ownership
What benefits from an easement appurtenant?
A parcel of land
,Who benefits from an easement in gross?
A person or company
What does encumbrance mean?
Claim against property
What type of encumbrance is a lien?
Financial claim
What does adverse possession require?
Open, notorious, hostile, continuous possession
What is indestructibility in land?
Physical characteristic
What is scarcity in land?
Economic characteristic
, What does situs mean?
Location preference
What does real property include?
Land and attached improvements
To whom do trade fixtures belong?
The tenant
Lead-based paint disclosure applies to homes built before what
year?
1978
What is radon?
A radioactive gas
What causes economic obsolescence?
External factors
Regulations TEST BANK EXAM PREP QUESTIONS
AND A NEW UPDATED STUDY GUIDE WITH
COMPLETE ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS (LATEST UPDATED VERSIONS)
|GUARANTEED PASS. (FULL REVISED EXAM
What unities are required for joint tenancy?
Time, title, interest, possession
What does tenancy in common include?
Unequal ownership possible
What does severalty mean?
Sole ownership
What benefits from an easement appurtenant?
A parcel of land
,Who benefits from an easement in gross?
A person or company
What does encumbrance mean?
Claim against property
What type of encumbrance is a lien?
Financial claim
What does adverse possession require?
Open, notorious, hostile, continuous possession
What is indestructibility in land?
Physical characteristic
What is scarcity in land?
Economic characteristic
, What does situs mean?
Location preference
What does real property include?
Land and attached improvements
To whom do trade fixtures belong?
The tenant
Lead-based paint disclosure applies to homes built before what
year?
1978
What is radon?
A radioactive gas
What causes economic obsolescence?
External factors
