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WRA Chapter 8 Questions with verified solutions | Already Passed
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WRA Chapter 8 Questions with verified solutions | Already Passed
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WRA Chapter 8 Questions with verifiedsolutions | Already Passed
Appurtenant Easement ✔✔An easement that exists between two adjacent property owners where
one is the dominant estate and the other is the servient estate.
Title Insurance Policy ✔✔An insurance policy that protects the insured against loss or defects that
may occur in the title.
Ad Valorem ✔✔Latin for according to valuation.
Easement by Necessity ✔✔An easement that is acquired through the operation of law allowing
a purchaser of land ingress and egress.
Special Assessment ✔✔A tax on property owners in the area of an improvement such as new curbs
and gutters.
Construction Lien ✔✔A specific, involuntary lien placed against real property for securing a debt.
,Servient Estate/Tenement ✔✔The landowner who grants or serves the right to use property to another
in an appurtenant easement.
Writ of Attachment ✔✔The method by which the court gains custody of a deed to assure that
the collateral will not be sold without satisfaction of a court ordered judgment.
Property Taxes ✔✔Taxes levied by the government against real estate.
Party Wall Easement ✔✔A wall that is located on a boundary line between two adjoining parcels of land.
Easement ✔✔An incorporeal right held by one party to make use of the land of another for a
limited purpose.
Judgment Lien ✔✔A lien binding the real estate of one who is in debt to the holder of a judgment,
giving the holder a right to foreclose on the land for the satisfaction of the judgment.
Marketable Title ✔✔A title that is free from defects and encumbrances and may be transferred
to another party.
Quitclaim Deed ✔✔A deed that conveys title to real property without making warranties
or representations regarding the quality of the deed.
Easement by Condemnation ✔✔An easement acquired through operation of law by a government for
a public use.
, Suit to Quiet Title ✔✔A court action intended to establish the title to a particular property where
there is a cloud on title.
Commercial Easement in Gross ✔✔An easement between a landowner and a company that
binds subsequent owners.
Assessed Value ✔✔A property's value for determining property taxes.
Personal Easement in Gross ✔✔An easement that exists between a landowner and another person
that typically ends upon the death of the easement holder or transfer of title.
Mortgage Lien ✔✔Lien rights given to a lender by a borrower in exchange for the loan.
Writ of Execution ✔✔A court order instructing the officer of the court to carry out the decision of
the court.
Encumbrances will lessen the value of a property. ✔✔False
Explanation:
Encumbrances, such as a judgment, may lessen the value of the property. Encumbrances, such as
deed restrictions, do not negatively affect the value and could add value to a property.
A mortgage lien is both voluntary and general. ✔✔False
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