Nebraska Real Estate Exam Questions and Answers 100% Pass

Nebraska Real Estate Exam Questions and Answers 100% Pass The earths surface extending downward to the center of the earth and upward into space, including all things permanently attached, known as: - Answer- A bundle of legal rights Movable objects, which are not considered real estate, are known as: - Answer- Personal property The permanent right to use another's land for the benefit of a neighboring parcel is know as; - Answer- An appurtenant easement The ownership of property by one person only known as: - Answer- Severalty a condensed history of a title to a particular piece of real estate, including a summary of the original grant, and all subsequent conveyances and encumbrances affecting the property, is known as: - Answer- Abstract of Title The illegal practice of inducing homeowners to sell their properties by making representations about the prospective entry of persons of a certain race/national origin into the neighborhood is also called: - Answer- blockbusting The term for something that grants the right to use another's land for a specific purpose, and is considered an incorporeal interest in land is: - Answer- an easement The clauses in a deed that limit the future uses of a property are known as: - Answer- deed restrictions The loss of value in any property, regardless of the specific cause, in a appraisal, is known as: - Answer- depreciation A person who has complete control over a parcel of real estate is said to own a: - Answer- fee simple estate The law that requires real estate contracts to be enforceable is the - Answer- statute of frauds The effort that brings about the desired result in real estate sale is known as: - Answer- procuring cause A naturally occurring gas that is suspected of causing lung cancer is known as: - Answer- Radon A claim or liability attached to a property is called: - Answer- an encumbrance In an appurtenant easement, the party that benefits is known as: - Answer- Dominant tenement An encumbrance that affects the title, usually related to money, is known as: - Answer- a lien A recorded legal document that gives contructive notice that an action affecting a certain property has filed in court is called: - Answer- lis pendens