DONALDSON FINAL EXAM 2024 QUESTIONS WITH COMPLETE ANSWERS
18 views 0 purchase
Course
DONALDSON.
Institution
DONALDSON.
DONALDSON FINAL EXAM 2024 QUESTIONS WITH
COMPLETE ANSWERS
Man made markers such as a steel rod or concrete post may be part of what type of
legal description?
Select one:
A. Subdivision System
B. Government Survey System
C. Metes and Bounds
D. Lot & Block - Metes and Bounds
After unsuccess...
DONALDSON FINAL EXAM 2024 QUESTIONS WITH
COMPLETE ANSWERS
Man made markers such as a steel rod or concrete post may be part of what type of
legal description?
Select one:
A. Subdivision System
B. Government Survey System
C. Metes and Bounds
D. Lot & Block - Metes and Bounds
After unsuccessful negotiations, Joe went to court to gain regular access to his property.
The judge likely granted Joe a (an):
Select one:
A. personal easement in gross.
B. easement by necessity.
C. easement by prescription.
D. easement appurtenant. - B. easement by necessity.
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?
Select one:
A. Measure all square footage of included real property, including both attached and
detached structures.
B. Total area of the property measured from the inside walls of the home.
C. Total Area Under Roof (TAUR)
D. Living area square footage only. - C. Total Area Under Roof (TAUR)
Which of the following is NOT a test of a fixture?
Select one:
A. Intention of the Parties
B. Manner of Removal
C. Adaptation to surroundings
D. Agreement of the Parties - B. Manner of Removal
A real estate development corporation purchased land for a condominium project. The
corporation most likely took title to the land
Select one:
,A. as a syndication.
B. In severalty.
C. as a joint tenant.
D. as a general partnership - D. as a general partnership
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 by the Entirety
C. Tenancy in Common
D. Joint Tenancy - D. Joint Tenancy
Two sisters, Flo and Mae, inherit real property from their mother with no stipulation
except that one-third is to go to Flo and two-thirds to Mae. Which of the following is
true?
Select one:
A. Flo and Mae are joint tenants of the property.
B. Mae may not mortgage her interest in the property without Flo's consent.
C. Upon Flo's death, her portion of the property survives to Mae.
D. Upon Mae's death, her share passes to her heirs or devisees. - D. Upon Mae's
death, her share passes to her heirs or devisees.
All of the following would be public land use controls EXCEPT
Select one:
A. zoning
B. environmental protection laws
C. deed restrictions
D. subdivision regulations - C. deed restrictions
Joe was showing a home built before 1978. He must provide the purchaser a disclosure
regarding what environmental hazard before the purchaser enters into a purchase
agreement?
Select one:
A. Mold
B. Lead-based paint
C. UFFI
D. Asbestos - B. Lead-based paint
A property is sold which includes an old bakery business which has been in existence
on this location for years. After the purchase, the property is rezoned as residential land
but allows for the bakery under a grandfather law. The new property owners wish to
, continue operating the bakery business, but would like to demolish the old bakery and
build a new modern version with more conveniences built-in. What will the bakery's new
owners likely be able to do?
Select one:
A. The sellers must immediately close the bakery until the property is zoned correctly
B. The new owners may build any structure they choose as long as it conforms to the
local building codes and is used as a bakery
C. Since the property is now zoned residential, the owners will have to sell the bakery
and build a residential structure within 10 years
D. The new owners may continue operating the old bakery, but they may not build a
new one without fu - D. The new owners may continue operating the old bakery, but
they may not build a new one without further permission
Restrictive Bcovenants Bare Bvalid Bagainst:
Select Bone:
A. Bcurrent Band Bsubsequent Bowners.
B. Bfuture Bowners Bonly.
C. Bcurrent Bowners Bonly. B
D. Bpast Bowners Bonly. B- B BC. Bcurrent Bowners Bonly.
CC&Rs Bcan Bbe Brecorded Bby Bwhom?
Select Bone:
A. BBy Bany Bproperty Bowner, Busually Bthe Bdeveloper Bor Bcurrent Bowner Bof Bthe Bsubdivision. B
B. BOnly Bfor Bone Byear Bat Ba Btime Band Bmust Bbe Brenewed.
C. BOnly Bby Bthe Bcivil Bsheriff.
D. BOnly Bby Bsubdivision Bdevelopers. B- B BA. BBy Bany Bproperty Bowner, Busually Bthe
Bdeveloper Bor Bcurrent Bowner Bof Bthe Bsubdivision.
The BPrincipal Bof BSubstitution Bis Bmost Bdirectly Billustrated Bin Bthe
B______________________ Bto Bvalue Bby Bvaluing Ba Bsubject Bby Bcomparing Bit Bto Brecently
Bsold Bequivalent Bproperties Band Bthe Bprice Bthey Bsold Bfor.
Select Bone:
A. Bthe BCost BApproach
B. Bthe BMarket BPrice Bmethod B
C. Bthe BSales BComparison BApproach
D. Bthe BIncome BApproach B- B BC. Bthe BSales BComparison BApproach
A Bfour-bedroom Bhouse Bwith Bone Bbathroom Bcarries Ba Bmarket Bvalue Bof B$120,000. BThe
Bsame Bhouse Bwould Blikely Bbe Bworth B$125,000 Bif Ba Bbathroom Bcould Bbe Beasily Badded Bfor
Ba Bcost Bof B$10,000. BThis Bis Ban Bexample Bof:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Mboffin. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
