Encumbrances Study guides, Class notes & Summaries
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![MD Real Estate Salesperson Exam Review with Certified Solutions](/docpics/4993613/661a887b1aeb1_4993613_121_171.jpeg)
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MD Real Estate Salesperson Exam Review with Certified Solutions
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MD Real Estate Salesperson Exam 
Review with Certified Solutions 
 
Which of the following would NOT be considered real property? 
1. mineral rights 
2. a leasehold estate 
 
3. fixtures 
 
4. air 2. a leasehold estate 
 
- a leasehold estate is a non-freehold estate involving the tenant's right to occupy the real estate 
during the term of the lease 
 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord 
2. on which the easement is placed 
3. owned by the...
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Real Estate Exam Review – Encumbrances all solved
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Encumbrance correct answers Any interest or right to land held by third persons which affects the title and possibly the value of the property 
 
Effects of Encumbrance correct answers 1. Physical condition of the property, or use of property (deed restrictions, easements, and encroachments) 
2. Financial, like liens. 
 
Lien correct answers Charge against property, making that property security for payment of a debt 
 
Nonmonetary Encumbrances correct answers Deed restrictions/several types of ...
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PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024
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PSI REAL ESTATE SALESPERSON EXAM 1| ACTUAL EXAM ANSWERED 100% CORRECTLY| LATEST 2024 
Which of the following would NOT be considered Real Property? 
1. Mineral Rights 
2. A Leasehold Estate 
3. Fixtures 
4. Air 
2. A Leasehold Estate 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord 
2. on which the easement is placed 
3. owned by the tenant 
4. that benefits from the easement 
2. on which the easement is placed 
Which of the following statements concernin...
![Real Estate Practice Test: Encumbrances (all solved)](/docpics/63d2860227bff_2303124.jpg)
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Real Estate Practice Test: Encumbrances (all solved)
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A person has legal rights in another's real property. These rights are short of an estate therein and would be called: correct answers An easement 
 
Easements are generally created in all but which one of the following methods? correct answers Assignment 
 
The servient estate in regard to an easement appurtenant is the property: correct answers Upon which the easement is placed 
 
An express easement created by the grantor: correct answers is an interest and must be in writing 
 
Mr. Parker o...
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ASREB National Test A-3 Questions and Answers Already Passed
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ASREB National Test A-3 Questions and 
 
Answers Already Passed 
 
A buyer sees a worn path across the property he is interested in buying. The buyer should be 
concerned about: 
Easement in gross 
Easement by prescription 
Condemnation 
 
Police Power Easement by prescription 
 
A chronological summary of title is called 
Deed report 
Abstract of title 
ATLA policy 
Title insurance report Abstract of title 
 
A clause in a deed which specifies the degree of property conveyed is called: 
Defeasa...
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Escrow Sample Test Questions and Answers Rated A
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Escrow Sample Test Questions and Answers Rated A 
An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...
![Law Of Contracts Exam Study Guide: Guaranteed A+ Guide: Updated](/docpics/4909377/660d77ecdc929_4909377_121_171.jpeg)
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Law Of Contracts Exam Study Guide: Guaranteed A+ Guide: Updated
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Abstract of Title: 
(Ans- An abbreviated history of a property, including info on any transfers, grants, wills, conveyances, liens, and encumbrances. 
 
Example: Before Alice purchases the house on 1701 J J Solice Drive, she should ask for the property's abstract of title. 
 
Addendum: 
(Ans- An additional form attached to a real estate contract 
 
Example: Percy is adding an Addendum for Reservation of Oil, Gas, and Other Minerals to his ranch home sale because he wants to retain the rights ...
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CGFM EXAM 2 Study Guide (2023/2024) Rated A+
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CGFM EXAM 2 Study Guide (2023/2024) Rated A+ Non-Spendable Fund Balance Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables. Examples: Supplies, inventory, membership fees 
Restricted Fund Balance Subject to constraints imposed by external parties or law. Debt covenants (such as a requirement for a sinking fund) or constraints imposed by legislation or federal and state agencies, cred...
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Laws of Contract Test: Questions & Answers: Latest Updated: Guaranteed A+ Score Guide
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Which of the following are NOT included in the description of land? 
a. The earth's surface extending downward to the center of the earth. 
b. A sewer system. 
c. Trees and water on the earth's surface. 
d. Formations such as hills and plateaus. 
(Ans- b. 
 
A property is owned as joint tenants. If one of the owners dies, 
a. his share of the property passes to the surviving owner immediately. 
b. the surviving tenant has to wait for the property to go through probate. 
c. the owner who died ...
![Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated](/docpics/63b003b66a900_2211116.jpg)
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated
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Texas Principles of Real Estate II Final Exam: Questions & Answers: Latest Updated 
 
Written documents affecting a title to real estate are recorded: 
 
 A. where the titleholder resides 
 B. where the titleholder has legal residence 
 C. at the county clerk's office where the property is located 
 D. at any county clerk's office in Texas C. at the county clerk's office where the property is located 
 
A person appointed by a court to settle the estate of a deceased person when the executor...
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