Colorado Law And Practice Exam Questions And Answers
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Module
Colorado
Institution
Colorado
Colorado Law And Practice Exam Questions And Answers
A syndicate is a general term for a group of investors participating in and spreading the risk of an investment. It may take the form of:
A limited partnership.
A general partnership.
Which is a physical characteristic of land?
Immobilit...
Colorado Law And Practice Exam Questions And
Answers
A syndicate is a general term for a group of investors participating in and spreading the risk of an
investment. It may take the form of:
A limited partnership.
A general partnership.
Which is a physical characteristic of land?
Immobility
Indestructibility
Non-homogeneity
If ONE PERSON OR ENTITY takes title to real estate, he or she takes title in:
Severalty
Which is not an economic characteristic of land?
Immobility
Riparian rights are along:
A running flow of water.
The system of ownership that evolved around the 17th century, allowing individuals title to property
without proprietary control of the King is:
Allodial.
A type of freehold estate is:
Fee Simple.
Fee Defeasible.
Life Estate.
What are two types of time shares?
Time Span Estate and Interval Estate
Personal property is also known as:
Chattels.
Personalty.
Which is NOT true about a joint tenancy?
Different amounts of interest may be given to the individual grantees.
An improvement which crosses over a property line without permission is an:
Encroachment.
GSS survey teams established how many Principal Meridians across the U.S.?
, 36
The three types of land use controls are:
Private, Public and Publicly Owned.
Oral permission to use another's property on a non-exclusive basis for a specific purpose, for example,
"You may hunt or fish on my property for the next two weeks," is:
A proper legal description lists:License.
A proper legal description lists:
lot, block, subdivision, city, county and state.
Condemnation is the process by which:
eminent domain is enforced if the government and the owner cannot agree.
An easement may be created by
Implication.
Reservation.
Necessity.
A homeowner owned a house on a lot. The front 10 feet of the lot were taken by eminent domain for
a sidewalk. Would the homeowner be entitled to compensation?
Yes, the land was taken for the public good by eminent domain.
An example of a specific lien is:
a mechanic's lien.
When is the Metes and Bounds system the best method of description?
When there is no subdivision plat map.
When a parcel of land is irregular in shape .
In terms of adverse possession, how long must a "squatter" in Colorado have uninterrupted and
continuous possession of a property to acquire title?
18 years
When an owner dies _________ (with a valid will), property may transfer to others.
testate
Which is true about the recording of a deed?
Recording involves presenting the document to the county clerk and recorder to be microfilmed to
become part of the permanent public record.
Recording is done to make a document part of the public record and is advisable, though not
mandatory for all deeds.
Recording results in protection for an innocent purchaser (or encumbrancer) who might otherwise act
in ignorance of an unrecorded instrument.
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