McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - correct answer A The public restriction on property rights that allows the government to place a lien on a property is: A) escheat B) caveat emptor C) taxation D) none of the above - correct answer taxation Physical land and appurtenances attached to the land is the definition of: A) real property B) personal property C) fixture D) real estate - correct answer real estate "A development right that cannot be used by the landowner, or that the owner chooses not to use, but can be sold to landowners in another location" are called ___________________ rights.: A) vertical B) passive C) temporary D) transferable development - correct answer transferable development "The interests, benefits, and rights, inherent in the ownership of real estate" is the definition of: A) real estate B) personal property C) real property D) intangible property - correct answer real property Police power would include all of the following EXCEPT: A) building codes B) zoning C) taxation D) fire codes - correct answer taxation Another name for trade fixture is A) emblement B) chattel mortgage C) attachment D) chattel fixture - correct answer chattel fixture Which is NOT a public restriction of private property rights? A) taxation B) easement C) police power D) escheat - correct answer easement