ENGRADE Chapter 3

Question 1

A homeowner objected when a local utility company dug up his garden to install a natural as line. The company claimed it had a valid easement supported by the county records. The homeowner claimed the easement was not valid because he was unaware of its existence. The easement was

Answer 1

A valid easement in gross even though the owner did not know about it.

Question 2

The owner of two acres of land sold one acre but retained an appurtenant easement over that land for ingress and egress to his retained lot. The retained lot

Answer 2

is the dominant tenement

Question 3

A state income tax lien would be properly classified as

Answer 3

A general lien

Question 4

Under which of the following lien can both the real property and the personal property of the debtor be sold to pay the debt?

Answer 4

JUDGEMENT LIEN

Question 5

Lien that holds 1st priorty?

Answer 5

Ad Valorem Real Estate Tax Lien

Question 6

Charges levied on a property owner and limited to those living in a particular neighborhood to pay for the installation of sewer and water lines are

Answer 6

Special Assessments

Question 7

The ad valorem property tax rates may be adjusted every

Answer 7

YEAR

Question 8

Encumbrance on a parcel of real estate

Answer 8

Easements
Real Estate Taxes
Protective Covenants

Question 9

An easement would be properly terminated by

Answer 9

The doctrine of Merger

Release of the Easement by the holder of that right

Abandonment of the easement

(NOT the sale of the property)

Question 10

When real estate property taxes have been paid by the owner and the property is sold before the end of the year, what is the appropriate entry for the accounting of the taxes on the HUD-1 settlement statement?

Answer 10

Debit Buyer

Credit Seller