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Question 1 of 10
1. Question
The subsurface rights of a landowner include all except which of the following?
I. Rights to the Earth’s core.
II. The right to drill for oil and gas vertically.
III. The right to drill on a neighbor’s side at a slant oil and gas real estate.
IV. All the minerals that are available for extraction from the underground.Correct
The fluidity of gas and oil is known, but it is forbidden to dig underground on a neighbor’s land.
Incorrect
The fluidity of gas and oil is known, but it is forbidden to dig underground on a neighbor’s land.
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Question 2 of 10
2. Question
What does the stock of a cooperative water company attached to the land imply?
Correct
Since the stock (apprentice) is attached to the estate, the stock and the land must be moved together.
Incorrect
Since the stock (apprentice) is attached to the estate, the stock and the land must be moved together.
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Question 3 of 10
3. Question
In a sale for real estate, which of the following statements about fixtures is the most accurate?
Correct
Other options are all concerned with personal property. Fixtures are assumed to be real land attachments and believed to remain within the property.
Incorrect
Other options are all concerned with personal property. Fixtures are assumed to be real land attachments and believed to remain within the property.
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Question 4 of 10
4. Question
Which of the following statements is correct?
Correct
In the government survey system, when much less than a quarter portion was generated due to natural characteristics. The lots that have been numbered and have been called government lots.
Incorrect
In the government survey system, when much less than a quarter portion was generated due to natural characteristics. The lots that have been numbered and have been called government lots.
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Question 5 of 10
5. Question
In regards to legally identify a property in a deed, an assessor’s map can not be used unless the map is which of the choices?
Correct
The law states that for it to be used as a legal summary, it must be filed at the county recorder’s office.
Incorrect
The law states that for it to be used as a legal summary, it must be filed at the county recorder’s office.
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Question 6 of 10
6. Question
Concurrent ownership means concurrent ownership
Correct
Concurrent ownership applies to ownership concurrently by two or more entities.
Incorrect
Concurrent ownership applies to ownership concurrently by two or more entities.
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Question 7 of 10
7. Question
Which of the following statements about a death of a person who owns a joint tenancy property is true?
Correct
The devisees and heirs are the same thing in nature. However, a person who receives real estate through a will is called a devisee. A individual who, through a will, receives personal property is called a legatee. In regards to the estate of the dead, both are heirs.
Incorrect
The devisees and heirs are the same thing in nature. However, a person who receives real estate through a will is called a devisee. A individual who, through a will, receives personal property is called a legatee. In regards to the estate of the dead, both are heirs.
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Question 8 of 10
8. Question
A rental building is owned and bought by a husband before marriage. He sells the building and purchases another building over the course of the marriage. What is the implication of this?
Correct
This is separate property, given the facts of the matter and the absence of any other detail.
Incorrect
This is separate property, given the facts of the matter and the absence of any other detail.
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Question 9 of 10
9. Question
When holding title to real property in joint ownership as a tenancy in partnership, which of the following is not true?
Correct
In partnership, tenancy includes equal, undivided real-estate interests. To settle a partnership loan, the real property in its entirety is made available. The real estate owned by the partnership can pass to the surviving partner upon the death of one of the partners (s). What is not valid is that the real estate partnership interest will be subject to the law of community land. There is a slight defining line here. Real property kept in a tenancy in partnership following the death of one of the partners does not become community property. The relationship itself, however, may be subject to the control of community land.
Incorrect
In partnership, tenancy includes equal, undivided real-estate interests. To settle a partnership loan, the real property in its entirety is made available. The real estate owned by the partnership can pass to the surviving partner upon the death of one of the partners (s). What is not valid is that the real estate partnership interest will be subject to the law of community land. There is a slight defining line here. Real property kept in a tenancy in partnership following the death of one of the partners does not become community property. The relationship itself, however, may be subject to the control of community land.
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Question 10 of 10
10. Question
Which of the following statements about an encumbrance is true?
Correct
An encumbrance may be physical or financial and may make it difficult to pass a title. If anyone is prepared to purchase the property with the burden, it does not make title transfer impossible.
Incorrect
An encumbrance may be physical or financial and may make it difficult to pass a title. If anyone is prepared to purchase the property with the burden, it does not make title transfer impossible.