Principles of Louisiana Real Estate Unit 2 Exam Questions With 100% Verified Answers.
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Course
Louisiana Real Estate
Institution
Louisiana Real Estate
Principles of Louisiana Real Estate Unit 2
Exam Questions With 100% Verified
Answers.
Tax according to value is called ___________________. - answerad valorem
___________________ attempts to avoid property from becoming deserted or ownerless. -
answer. escheat
A(n) ___________________ allows ...
Principles of Louisiana Real Estate Unit 2
Exam Questions With 100% Verified
Answers.
Tax according to value is called ___________________. - answer✔ad valorem
___________________ attempts to avoid property from becoming deserted or ownerless. -
answer✔. escheat
A(n) ___________________ allows an individual to deviate from the zoning requirement due to
some adversity or suffering brought about under the current laws. - answer✔variance
Commercial or residential land rezoned for conservation purposes or changed from dense to less-
dense usage is called ____________________. - answer✔downzoning
The right of a government to take private property for public use upon the payment of just
compensation is called ____________________. - answer✔eminent domain
____________________ is the appraisal of value for tax purposes by an assessor or an appraiser
representing the municipality in which the property is located. - answer✔assessment
A building or an improvement is deemed ___________________ when it does not follow current
zoning laws in an area because its use was in existence prior to the passage of a zoning ordinance
and allowed to continue. - answer✔nonconforming use
An odorless radioactive gas produced by the decay of other radioactive materials in rocks under
the earth's surface is known as ____________________. - answer✔radon
____________________ is a form of private restriction that is written into deeds or leases that
limits the use of property. - answer✔deed restriction
___________________ is the reclassification of one parcel of land for a use that does not
conform to the zoning of the rest of the area. - answer✔spot zoning
Which of the following is true?
Select one:
A. Lead was banned for home construction use in 1976
B. If lead poisoning is found, the seller is required by law to have it abated
C. Real Estate agents are required to distribute a Lead Hazard pamphlet to potential buyers if the
property was built after 1978
D. None of the above are true - answer✔None of the above are true
The loss of a right because of inaction is known as the Doctrine of - answer✔Laches
Eminent Domain and Escheat refer to the same basic principle which involves the government's
right to take private property for public use. - answer✔False
The rights of a land owner with land next to a river or stream is known as - answer✔Riparian
Rights
All of the following are government rights in land except
Select one:
A. Property Taxation
B. Eminent domain
C. Escheat
D. Deed Restrictions - answer✔Deed Restrictions
A buffer zone is a strip of land which generally separates one land use from another. -
answer✔True
All of the following requirements generally are covered by building codes EXCEPT
Select one:
A. Fire-prevention standards
B. Electrical wiring
C. Sanitary equipment
D. Minimum number of square feet of land area per apartment unit - answer✔Minimum number
of square feet of land area per apartment unit
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