Exam (elaborations)
Ga Real Estate Exam - Real Estate Practice Test (1)
- Course
- Biochemistry Module 3
- Institution
- Biochemistry Module 3
Ga Real Estate Exam - Real Estate Practice Test (1)
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Ga Real Estate Exam - Real Estate Practice TestPersonal property that, by its attachment to real property, is regarded as real estate is called:
A. an emblements
B. personalty
C. a fixture
D. an appliance - ANS-C. a fixture
What is the main purpose of police power?
A. to protect the health, safety, and welfare of the community
B. to prevent people from committing crimes
C. to put out fires
D. to make sure the property owners and citizens know their place - ANS-A. to protect the
health, safety, and welfare of the community
If a person has complete control over their property, and the ownership in the property is not
defeasible, what interest does the person have in the property?
A. fee conditional estate
B. fee simple estate
C. live estate
D. defeasible fee estate - ANS-B. fee simple estate
Which of the following is the difference between the value of a property and the total amount of
liens against the property?
A. investment
B. basis
C. down payment
D. equity - ANS-D. equity
A metes-and-bounds legal description:
A. can be created for areas excluded from the rectangular survey system
B. is not acceptable in a court in most jurisdictions
C. must commence and finish at the same identifiable point
D. is used only in extreme cases where there is no recorded subdivision plats - ANS-C. must
commence and finish at the same identifiable point
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