"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C)
... [Show More] mortgage note D) debt CORRECT ANSWERS: mortgage note
"The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property CORRECT ANSWERS: A
The public restriction on property rights that allows the government to place a lien on a property is: A) escheat B) caveat emptor C) taxation D) none of the above CORRECT ANSWERS: taxation
Physical land and appurtenances attached to the land is the definition of: A) real property B) personal property C) fixture D) real estate CORRECT ANSWERS: real estate
"A development right that cannot be used by the landowner, or that the owner chooses not to use, but can be sold to landowners in another location" are called ___________________ rights.: A) vertical B) passive C) temporary D) transferable development CORRECT ANSWERS: transferable development
"The interests, benefits, and rights, inherent in the ownership of real estate" is the definition of: A) real estate B) personal property C) real property D) intangible property CORRECT ANSWERS: real property
Police power would include all of the following EXCEPT: A) building codes B) zoning C) taxation D) fire codes CORRECT ANSWERS: taxation
Another name for trade fixture is A) emblement B) chattel mortgage C) attachment D) chattel fixture CORRECT ANSWERS: chattel fixture
Which is NOT a public restriction of private property rights? A) taxation B) easement C) police power D) escheat CORRECT ANSWERS: easement
An appraisal is a( n) ____________ of value. A) guarantee B) prediction C) opinio D) summary CORRECT ANSWERS: opinion
The right of government that gives the state titular ownership of a property when its owner dies without a will or any ascertainable heirs is called: A) eminent domain B) condemnation C) accrual D) escheat CORRECT ANSWERS: escheat
Physical land and appurtenances attached to the land is the definition of: A) real property B) personal property C) fixture D) real estate CORRECT ANSWERS: real estate [Show Less]