Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
1. Included among Each co-owner's interest may be conveyed separately.
legal require-
ments of taking
title to real prop-
erty as tenants in
common is that?
2. A homeowner General Lien
employed a con-
tractor to build a
swimming pool.
The owner did
not pay, what
time of lien is
NOT represented
by this lien?
3. Legal seizure of Attachment
property to be
held for payment
of money pend-
ing the outcome
of a suit to en-
force collections
is?
4. A woman build Encroachment
a fence that in-
tended beyond
the boundary
of her property
onto her neigh-
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
bor's land. This is
an example of?
5. The owner of Is entitled to possession of the property
a life estate in
property?
6. A land descrip- Metes-and-Bounds
tion that be-
gins at a specif-
ic point and pro-
ceeds around the
boundary of a
parcel of real es-
tate by reference
to linear mea-
surements and
directions is?
7. Which of the A lien of encumbrance
following pro-
vides for money
compensation to
an owner whose
land is taken for a
new road?
8. A buyer made Friable
an offer on
a building sub-
ject to an in-
spection. Disinte-
grating airborne
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
asbestos fibers
were discovered.
This condition is
called?
9. Strict Liability An owner is responsible to an injured party without excuse.
means that?
10. A building hous- A nonconforming Use
ing an insurance
company existed
before the prop-
erty was rezoned
residential. The
building is now
allowed because
of?
11. A property is $520 - 300,000.00 x 52% = 156,000 x .40 = 6240 divided by 12 months.
appraised at
$300,000.00. The
body uses a 52%
assessment and
40 mills is the tax
rate. What is the
monthly rate?
12. divided by .09 = The annual net income for an office building is $20k. If an owner realized a 9%
222,222.00 return on her investment, the value of the building would be?
13. Depreciation The building ONLY
generally applies
to?
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
14. You look at four Substitution, no one wants to pay more than what they want for an equal property.
houses for sale
in the same
area and choose
the house with
the lowest ask-
ing price. You're
probably easing
your decision on
the principle of?
15. A homes value is Amenities
increased
because of it's
proximity to
schools, parks,
and
transportation.
These
neighborhood
sites are referred
to as?
16. Which of the Growth, Stability, Decline, Revitalization
following re-
flects the stages
through which
a neighborhood
passes?
17. An appraiser is 5,000 x 4 = 20,000.00
estimating the 20,000 divided by 8% = $250k
Study online at https://quizlet.com/_7pm5b6
1. Included among Each co-owner's interest may be conveyed separately.
legal require-
ments of taking
title to real prop-
erty as tenants in
common is that?
2. A homeowner General Lien
employed a con-
tractor to build a
swimming pool.
The owner did
not pay, what
time of lien is
NOT represented
by this lien?
3. Legal seizure of Attachment
property to be
held for payment
of money pend-
ing the outcome
of a suit to en-
force collections
is?
4. A woman build Encroachment
a fence that in-
tended beyond
the boundary
of her property
onto her neigh-
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
bor's land. This is
an example of?
5. The owner of Is entitled to possession of the property
a life estate in
property?
6. A land descrip- Metes-and-Bounds
tion that be-
gins at a specif-
ic point and pro-
ceeds around the
boundary of a
parcel of real es-
tate by reference
to linear mea-
surements and
directions is?
7. Which of the A lien of encumbrance
following pro-
vides for money
compensation to
an owner whose
land is taken for a
new road?
8. A buyer made Friable
an offer on
a building sub-
ject to an in-
spection. Disinte-
grating airborne
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
asbestos fibers
were discovered.
This condition is
called?
9. Strict Liability An owner is responsible to an injured party without excuse.
means that?
10. A building hous- A nonconforming Use
ing an insurance
company existed
before the prop-
erty was rezoned
residential. The
building is now
allowed because
of?
11. A property is $520 - 300,000.00 x 52% = 156,000 x .40 = 6240 divided by 12 months.
appraised at
$300,000.00. The
body uses a 52%
assessment and
40 mills is the tax
rate. What is the
monthly rate?
12. divided by .09 = The annual net income for an office building is $20k. If an owner realized a 9%
222,222.00 return on her investment, the value of the building would be?
13. Depreciation The building ONLY
generally applies
to?
, Real Estate Exam Review Test Mississippi
Study online at https://quizlet.com/_7pm5b6
14. You look at four Substitution, no one wants to pay more than what they want for an equal property.
houses for sale
in the same
area and choose
the house with
the lowest ask-
ing price. You're
probably easing
your decision on
the principle of?
15. A homes value is Amenities
increased
because of it's
proximity to
schools, parks,
and
transportation.
These
neighborhood
sites are referred
to as?
16. Which of the Growth, Stability, Decline, Revitalization
following re-
flects the stages
through which
a neighborhood
passes?
17. An appraiser is 5,000 x 4 = 20,000.00
estimating the 20,000 divided by 8% = $250k
