#1
Which of the following is NOT a type of property right?
Right to use
Right to transfer
Right to renovate
Right to exclude
#2
What does 'caveat emptor' mean in real estate?
Let the buyer beware
Let the seller beware
Let the tenant beware
Let the landlord beware
#3
What does 'chain of title' refer to in real estate?
A type of property deed
A legal document used in property transactions
The history of the ownership transfers of a property
The process of acquiring property through adverse possession
#4
What is 'condominium' in real estate?
A type of property tax
A type of mortgage
A type of property ownership where individuals own their units and share ownership of common areas
A type of property deed
#5
What is 'landlord' in real estate terminology?
The party renting a property
The party leasing a property
The party managing a property
The party owning a property and renting it out
#6
What does 'fee simple' refer to in property law?
A type of rental agreement
A type of property ownership
A type of mortgage
A type of property tax
#7
What is 'eminent domain'?
The right to vote on property issues
The right to exclude others from one's property
The government's power to take private property for public use
A legal document used in property transactions
#8
Which of the following is a fixture in real estate?
A temporary structure on the property
A piece of personal property attached to real property in such a way that it becomes part of the real property
A type of property tax
A type of zoning regulation
#9
What is 'quiet enjoyment' in real estate law?
A clause in a lease agreement
A type of property insurance
The right of a tenant to use and enjoy a property without interference from the landlord
The process of acquiring property through adverse possession
#10
What is 'encumbrance' in real estate?
A type of property insurance
A restriction on the use of real property, such as a lien or easement
A type of property tax
A clause in a lease agreement
#11
What is 'market value' of a property?
The value of a property based on its replacement cost
The value of a property based on its historical purchase price
The value of a property based on its potential future income
The price a willing buyer would pay to a willing seller in an open market
#12
What is 'adverse possession'?
A type of property tax deduction
A legal process by which someone can acquire ownership of another's property through continuous use
A type of property insurance
A clause in a lease agreement
#13
What is 'escrow' in real estate?
A type of property deed
A legal process for resolving property disputes
A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction
A type of property lien
#14
What is 'title insurance'?
Insurance for the structure of a property
Insurance against defects in the title of a property
Insurance for rental income loss
Insurance for property taxes
#15
What is 'easement' in real estate?
A type of property tax
A type of mortgage interest deduction
A right to use someone else's land for a specific purpose
A type of property lien
#16
What is 'zoning' in real estate?
The process of dividing land into zones or areas with specific regulations for land use
The process of selling a property through an auction
A type of property tax deduction
A clause in a lease agreement
#17
What is 'depreciation' in real estate?
An increase in the value of a property over time
A decrease in the value of a property over time
The process of acquiring property through adverse possession
A type of property insurance