Principles of Real Estate Final Exam Questions & Answers(RATED A+)
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Course
Principles of Real Estate F
Institution
Principles Of Real Estate F
An assessor's parcel number is? - ANSWER Used extensively by real estate brokers, appraisers, and investors to assist in identifying real properties.
(T/F) Real estate refers to land, its improvements and the rights to own or use them. - ANSWER True
(T/F) Street addresses are legal descript...
Principles of Real Estate Final Exam Questions &
Answers(RATED A+)
An assessor's parcel number is? - ANSWER Used extensively by real estate brokers, appraisers, and investors to assist in identifying real properties.
(T/F) Real estate refers to land, its improvements and the rights to own or use them. - ANSWER True
(T/F) Street addresses are legal descriptions. - ANSWER False
(T/F) A section of land is divided into 36 one-mile square units. - ANSWER True
(T/F) The Texas Water Code states that waterways belong to the State of Texas. - ANSWER True
In discussing the aspects of real estate which of the following could be applied to the term value? - ANSWER Loan, Assessed, and Market
Situs, or location preference, refers to location? - ANSWER From an economic standpoint.
(T/F) Lots in a subdivision are referenced by lot-block-tract system. - ANSWER False
, (T/F) A survey starts at the point of beginning and ends at the point of beginning. - ANSWER True
Which of the following have been used as monuments to designate the corner of a parcel of land in the metes and bounds description of the land? -
ANSWER A pile of rocks, a fence, and a monument.
(T/F) A section equals 43,560 square feet. - ANSWER False
.
(T/F) Situs refers to location of land from an economic rather than a geographic standpoint. - ANSWER True
(T/F) Interests in land deals only with the surface of the earth. - ANSWER True
The major drawbacks of the early land descriptions were? - ANSWER The possible lack of convenient monuments or boundaries, the possibility that
monuments or boundaries could be moved or might disappear, and fences could be removed and unused roads could become overgrown with vegetation.
Bob is selling his property to Dorothy. If there is a house, garage, barn, fence and orange tree on the property, what will be listed in the deed of conveyance?
- ANSWER Only the land.
(T/F) Of the three tests to determine if something is a fixture, annexation is the most important. - ANSWER False
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