REAL ESTATE PRINCIPLES FINAL TEST
BANK 100 TESTED QUESTIONS AND
ANSWERS EXPERT VERIFIED FULL
SOLUTION GRADED A+
⩥ Test for fixtures.
Answer: 1. Relationship to parties
2. Method of attachment
3. Intent of the parties
⩥ Bill of sale.
Answer: Transfers title to personal property
⩥ US Government Survey uses.
Answer: Sections and Townships
⩥ Ranges.
Answer: 6 mile increments running north and south
⩥ An estate for years is for.
,Answer: a fixed period of time
⩥ An easement by prescription is created after 5 years if use is:.
Answer: -Open & notorious
-Uninterrupted for 5 years
-Under a claim of right or color of title
-Hostile (w/o permission)
⩥ Joint tenancy.
Answer: Time (all given at same time)
Title (all hold title at same time)
Interest (is equal for all owners)
Possession (all equal right to possession)
⩥ When does a deed take effect?.
Answer: When it is delivered and accepted
⩥ Escheat.
Answer: When one dies w/o a will or any living heirs, his estate
goes to the state of CA
, ⩥ Preliminary notice.
Answer: Written notice that should be given w/in 20 days of
supplying labor or services (must be filed before a mechanic's
lien can be done)
⩥ Judgement.
Answer: A general lien
⩥ Unlocated easement.
Answer: One that does not specify a special area for right-of-
way
⩥ A transfer disclosure statement is required for the sale of....
Answer: 1-4 unit residential properties
⩥ In what type of listing is the broker competing with the
owner?.
Answer: Exclusive agency listing
⩥ Assignment.
BANK 100 TESTED QUESTIONS AND
ANSWERS EXPERT VERIFIED FULL
SOLUTION GRADED A+
⩥ Test for fixtures.
Answer: 1. Relationship to parties
2. Method of attachment
3. Intent of the parties
⩥ Bill of sale.
Answer: Transfers title to personal property
⩥ US Government Survey uses.
Answer: Sections and Townships
⩥ Ranges.
Answer: 6 mile increments running north and south
⩥ An estate for years is for.
,Answer: a fixed period of time
⩥ An easement by prescription is created after 5 years if use is:.
Answer: -Open & notorious
-Uninterrupted for 5 years
-Under a claim of right or color of title
-Hostile (w/o permission)
⩥ Joint tenancy.
Answer: Time (all given at same time)
Title (all hold title at same time)
Interest (is equal for all owners)
Possession (all equal right to possession)
⩥ When does a deed take effect?.
Answer: When it is delivered and accepted
⩥ Escheat.
Answer: When one dies w/o a will or any living heirs, his estate
goes to the state of CA
, ⩥ Preliminary notice.
Answer: Written notice that should be given w/in 20 days of
supplying labor or services (must be filed before a mechanic's
lien can be done)
⩥ Judgement.
Answer: A general lien
⩥ Unlocated easement.
Answer: One that does not specify a special area for right-of-
way
⩥ A transfer disclosure statement is required for the sale of....
Answer: 1-4 unit residential properties
⩥ In what type of listing is the broker competing with the
owner?.
Answer: Exclusive agency listing
⩥ Assignment.
