#1
What is the primary function of property rights?
To regulate traffic
To protect individuals' ownership and use of assets
To enforce tax laws
To control the stock market
#2
Which legal document provides evidence of property ownership?
Driver's license
Passport
Title deed
Library card
#3
What is the purpose of a homestead exemption in property taxation?
To establish property boundaries
To provide a tax reduction for a primary residence
To transfer property ownership
To enforce zoning laws
#4
What is an easement in property law?
A document proving ownership
A right to use another person's land for a specific purpose
A type of property tax
A legal contract for property sale
#5
What is the term for a claim on a property by a lender as security for a debt?
Easement
Encumbrance
Escrow
Eminent domain
#6
What is adverse possession in property law?
A form of property tax
A way to transfer property without a deed
The acquisition of property through continuous occupation against the owner's rights
A legal term for property boundaries
#7
What is the significance of a 'cloud on the title' in real estate?
A weather-related restriction on property use
An unresolved or questionable claim that affects property ownership
A legal document proving ownership
A type of property boundary
#8
What is a restrictive covenant in property law?
A legal document proving ownership
A type of property boundary
A private agreement that limits the use of a property
A form of property tax
#9
What is the purpose of a title search in real estate transactions?
To verify the authenticity of a driver's license
To investigate the history of a property's ownership and any claims on the property
To determine property tax rates
To establish property boundaries
#10
In real estate, what does 'lien' refer to?
A type of property boundary
A claim or right against a property
A legal term for property ownership
A type of property tax
#11
What is a 'quitclaim deed' used for in real estate?
To transfer ownership with a guarantee of clear title
To relinquish one's claim or interest in a property without providing a warranty
To establish property boundaries
To initiate eminent domain proceedings
#12
What does 'bundle of rights' refer to in property law?
A package of legal documents for property transactions
A group of property boundaries
The various legal rights associated with property ownership
A type of property tax
#13
In the context of property, what does 'eminent domain' mean?
A type of property tax
The right of the government to take private property for public use with just compensation
A legal document proving ownership
A type of property boundary
#14
What is the difference between a mortgage and a deed of trust in real estate?
They are interchangeable terms for the same document
A mortgage involves only two parties, while a deed of trust involves three parties
A deed of trust is a type of property tax
A mortgage is a legal claim against a property
#15
What does the term 'encroachment' refer to in property law?
A type of property boundary
A document proving ownership
The unauthorized intrusion of a structure or improvement onto another person's property
A form of property tax