Superior School of Real Estate Final
Exam Questions and answers with 100%
Complete solutions | verified &updated
2024| Graded A+| 200 ALL QUESTIONS
AND CORRECT ANSWERS
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - ✔✔-C0RRECT ANSWER-✔✔-D. Scarcity
,Which of the following is considered to have the greatest impact on the
value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - ✔✔-C0RRECT ANSWER-✔✔-A. Area Preference
Under the doctrine of specific performance, the party harmed by
breach of a real estate contract can ask a judge to force the breaching
party to carry out the terms of the contract rather than order the
breaching party to pay monetary damages. Which physical
characteristic of land is the basis for the doctrine of specific
performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment - ✔✔-C0RRECT ANSWER-✔✔-B.
Uniqueness
,Determine the excise tax to be paid on a house that sells for $268,210 if
the buyer makes a $25,000 down payment and the seller takes back a
second mortgage for $50,000?
A. $536.42
B. $537
C. $533
D. $538 - ✔✔-C0RRECT ANSWER-✔✔-B. $537
The concept by which land would increase automatically along a river or
stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - ✔✔-C0RRECT ANSWER-✔✔-A. Accretion
, A deed conveyed ownership to a grantee "so long as the existing
building on the property is not destroyed." Following the transfer, the
original grantor has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate - ✔✔-C0RRECT ANSWER-✔✔-D. Reversionary
Estate
The owner of a house wants to fence the yard for a dog. When the
fence is erected, the fencing materials are converted to real estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility - ✔✔-C0RRECT ANSWER-✔✔-B. Annexation
Exam Questions and answers with 100%
Complete solutions | verified &updated
2024| Graded A+| 200 ALL QUESTIONS
AND CORRECT ANSWERS
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - ✔✔-C0RRECT ANSWER-✔✔-D. Scarcity
,Which of the following is considered to have the greatest impact on the
value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - ✔✔-C0RRECT ANSWER-✔✔-A. Area Preference
Under the doctrine of specific performance, the party harmed by
breach of a real estate contract can ask a judge to force the breaching
party to carry out the terms of the contract rather than order the
breaching party to pay monetary damages. Which physical
characteristic of land is the basis for the doctrine of specific
performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment - ✔✔-C0RRECT ANSWER-✔✔-B.
Uniqueness
,Determine the excise tax to be paid on a house that sells for $268,210 if
the buyer makes a $25,000 down payment and the seller takes back a
second mortgage for $50,000?
A. $536.42
B. $537
C. $533
D. $538 - ✔✔-C0RRECT ANSWER-✔✔-B. $537
The concept by which land would increase automatically along a river or
stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - ✔✔-C0RRECT ANSWER-✔✔-A. Accretion
, A deed conveyed ownership to a grantee "so long as the existing
building on the property is not destroyed." Following the transfer, the
original grantor has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate - ✔✔-C0RRECT ANSWER-✔✔-D. Reversionary
Estate
The owner of a house wants to fence the yard for a dog. When the
fence is erected, the fencing materials are converted to real estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility - ✔✔-C0RRECT ANSWER-✔✔-B. Annexation
