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REAL ESTATE TEST QUESTIONS MI MULTIPLE CHOICE - PROPERTY OWNERSHIP well answered to pass
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REAL ESTATE TEST QUESTIONS MI MULTIPLE CHOICE - PROPERTY OWNERSHIP well answered to pass
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REAL ESTATE TEST QUESTIONS MIMULTIPLE CHOICE - PROPERTY
OWNERSHIP
John who owns his farm as a tenant by the entirety wishes to sell 2 acres out of his 5000-acre farm.
What must he be concerned with? A. His heir's approval B. His spouse's approval C. His tenant's
occupancy rights D. Government rights - correct answer ✔✔B
John received a 90-day permission to cross his neighbor's property with his vehicle, what type of
arrangement did he have with his neighbor? A. An easement B. An encroachment. C. A license D. An
appurtenance - correct answer ✔✔C
Sharon owns several investment properties. Occasionally, she falls behind on her bills and a lien is placed
against the properties. Which of the following liens would most likely be a general (blanket) lien? A.
Property tax lien B. Construction lien C. Special assessments lien D. Income tax lien - correct answer
✔✔D
Which of the following involves obtaining a court order allowing access for property that is landlocked?
A. A granted easement B. An easement by reservation C. An easement by necessity D. A gross easement
- correct answer ✔✔C
Seller wishes to take the roses from a perennial rose bush with him upon selling the house. What should
the agent advise the seller to do? A. Nothing, roses continue to grow every year and therefore are
personal property which is not included in the sale unless the buyer specifically ask for it B. The seller
should exclude the roses in the purchase agreement C. The seller can remove the roses but only at the
end of the season D. Any plants on the property must stay and be included in the sale - correct answer
✔✔B
Sue, John, Bill and Kimberly received a deed that is made to all of them as tenants in common. If the
deed does not mention their ownership interest, what shares would be allocated to them? A. Equal
shares because they must have the unity of interest B. Equal shares because the deed does not specify
that one of them would receive a larger interest than the other C. Unequal shares and the deed must be
corrected because tenants in common may or may not have equal shares D. Unequal shares, because
each one of the ladies will only receive 100% entireties. - correct answer ✔✔B
, A method of legally describing land that involves baselines and range lines is the: A. Informal reference
system B. Lot subdivision method C. Metes-and-bounds D. Rectangular survey system - correct answer
✔✔D
An area of land that is one mile by one-mile square is called: A. A township B. A section C. An acre D. A
check - correct answer ✔✔B
An owner of property whose property is located next to a small body of water or a stream has: A. Littoral
rights B. Erosion rights C. Encroachment rights D. Riparian rights - correct answer ✔✔D
Regarding condominiums, which of the following is not true? A. Common elements are owned by all co-
owners. B. Association fees are paid to the condominium association to maintain common elements and
insure them. C. If a co-owner does not use a common element such as a swimming pool, then she does
not have to pay her share of the association dues. D. All co-owners must honor the bylaws. - correct
answer ✔✔C
All the following is true about joint tenants except: A. They have the right of survivorship. B. They must
inherit or purchase property at the same time. C. Ownership is received with the same deed or will. D.
They may own property in equal or unequal shares. - correct answer ✔✔D
A permanent right to use someone else's property for a purpose is known as: A. A license B.
Encumbrance C. An easement D. Public right - correct answer ✔✔C
In addition to the meridian, the base line intersects with which of the following? A. Section lines B. Tier
lines C. Range lines D. Correction lines - correct answer ✔✔C
A life tenant can do all but which of the following? A. Devise (will) B. Lease C. Mortgage D. Sell - correct
answer ✔✔A
The following owners do not have the right of survivorship: A. Tenants in common. B. Tenants at will. C.
Joint tenants. D. Tenants by the entireties - correct answer ✔✔A
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