FINAL EXAM - Real Estate Principles Correct 100%

When discussing the concept of total square footage with your client, what is the BEST way to describe how the total square footage is measured? A. Total area of the property measured from the inside walls of the home. B. Total Area Under Roof (TAUR) C. Measure all square footage of included real property, including both attached and detached structures. D. Living area square footage only. - ANSWER Correct!! Answer: Total Area Under Roof (TAUR) (This question covers Property Ownership - Physical Descriptions of Property.) If an unmarried couple wished to purchase a home together and have the right of survivorship, which form of ownership would they choose? Select one: A. Tenancy at Will B. Tenancy in Common C. Joint Tenancy D. Tenancy by the Entirety - ANSWER Correct!! Answer: Joint Tenancy (This question covers Property Ownership - Types of Ownership.) If a landlocked property owner fails to acquire a voluntary agreement to access his property from the nearest public road, he may get such access by an: Select one: A. easement by appointment. B. easement in gross. C. easement appurtenant. D. easement by necessity - ANSWER Correct!! easement by necessity. This question covers Property Ownership - Encumbrances. A man gave his best friend the right to go hun