Examen
PSI quiz property ownership questions with verified solutions/passed
- Grado
- Institución
PSI quiz property ownership questions with verified solutions/passed
[Mostrar más]Vista previa 2 fuera de 8 páginas
Vista previa 2 fuera de 8 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
Sakayobako30
Comentarios recibidos
Vista previa del contenido
PSI quiz property ownershipthe owner of a life estate and property A) does not pay real estate taxes
B) is entitled to possession of the property
C) may not receive income from the property
D) is not responsible for all repairs to the property - correct answer ✔✔B
three individuals own a motel as tenants-in-common. One of the individuals decides to sell all of her
assets. She may legally
A) sell, because a tenant in common may sell her portion of assets if a majority of the co-owners also
agree to sell
B) not sell, because a tenant in Commons interest always remain encumbered
C) sell, because a tenant-in-common has an undivided interest in real property that is transferable
D) not sell, because there is a right of survivorship - correct answer ✔✔C
which of the following statements is false
A) fixtures that are purchased, paid for, and installed after the execution of a mortgage are subject to
liens of the mortgage
B) when a landowner tears down a fence, with the intention that it be permanently removed, and piles
the material on the land, such material is real property
C) generally, trade fixtures that were installed by the tenant or personal property
D) a water heater installed on the property becomes a fixture - correct answer ✔✔B
specific liens would include all the following except
A) mortgage liens
B) judgments
C) real estate taxes
D) mechanic's liens - correct answer ✔✔B
, a farmer purchased land with no access to a street or public way. After an unsuccessful attempt to gain
access through negotiation, he was able to gain access through and
A) easement appurtenant
B) easement in Gross
C) easement by necessity
D) easement by prescription - correct answer ✔✔C
a woman build a fence that extended beyond the boundary of her property on to her neighbor's
property. This is an example of
A) laches
B) an easement by necessity
C) an encroachment
D) an appurtenant easement - correct answer ✔✔C
a grandmother owned a life estate measured by her own life and residence. She leased the property for
five years using a standard lease contract. Shortly thereafter, she died. The lease was
A) valid only as long as she was alive
B) valid for five years
C) invalid because, she as an owner of a life estate, cannot leased property
D) valid for up to one year after her death - correct answer ✔✔A
an electrician did some rewiring in a home for which he has not yet been paid. One month after the
work was completed, the electrician drove by the home to discover a for sale sign on the property. The
electrician should
A) file a mechanic's lien
B) offer to purchase the house
C) obtain injunction relief
D) sue the listing broker - correct answer ✔✔A
included among the legal requirements of taking title to real property as tenants-in-common is that
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sakayobako30. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now