Exam (elaborations)
Ga Real Estate Exam - Real Estate Practice Test – 21 Q’s and A’s
Ga Real Estate Exam - Real Estate Practice Test – 21 Q’s and A’s
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Ga Real Estate Exam - Real EstatePractice Test – 21 Q’s and A’s
Personal 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 - -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 - -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 - -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 - -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
- -C. must commence and finish at the same identifiable point
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