alex's real estate

Card Set Information

Author:
Anonymous
ID:
198331
Filename:
alex's real estate
Updated:
2013-02-06 14:34:04
Tags:
oregon
Folders:

Description:
test
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Anonymous on FreezingBlue Flashcards. What would you like to do?


  1. Which of the following is a document which transfers possession for a consideration, but does not transfer ownership?
    FHA
  2. Who normally puts deed restrictions on property in a subdivision?
    The developer
  3. A tenant who pays rent plus some or all of the property taxes, insurance and maintenance is under which of the following lease arrangements?
    Net lease
  4. An owner's policy of title insurance continues in force
    as long as the insured has a liability.
  5. A new subdivision project is subject to many controls requiring approvals which must be obtained before the plat can be recorded. Which one of the following is such a control?
    Zoning ordinance restrictions governing use and lot sizes of the land being subdivided....................Land for streets,school  and civic facilities is acceptable and will be dedicated to public use
  6. Which of the following types of interest is usually charged when financing a house?
    Simple interest
  7. Under tenancy by the entirety, a husband may
    transfer his interest by a will. legally convey both his interest and his wife's interest without her permission. I only II only Both I and II Neither I nor II
  8. A mortgage that permits the interest charge to range up and down according to the money market is called
    a variable rate mortgage.
  9. Which of the following documents will transfer title to real property?
    Bargain and sale deed
  10. Which of the following types of deeds is generally required by the buyer from the seller?
    General warranty deed
  11. Which of the following encumbrances would constitute a lien on real property?
    Mortgage
  12. Zoning is done by authority of
    police power.
  13. A copy of the offer should be first given to the prospective buyer
    as soon as the prospective buyer signs the offer.
  14. When a lump sum expenditure is required for overdue repairs, it is usually identified as
    deferred maintenance.
  15. Harty owns a house subject to a first mortgage. His property is said to be
    encumbered.
  16. An easement created by a process similar to adverse possession is known as an
    easement by prescription
  17. Which of the following is considered to have a freehold estate?
    The owner of a life estate
  18. In regard to the capitalization rate
    As the capitalization rate increases, value of property decreases.
  19. An easement created by a process similar to adverse possession is known as an
    easement by prescription.
  20. Which of the following is considered to have a freehold estate?
    The owner of a life estate

What would you like to do?

Home > Flashcards > Print Preview