Real Estate Paper 34

1

The liquidation of a debt is known as






2

Which of the following types of mortgages have priority in order of repayment?






3

Which of the following statements is true about tenancy in common?






4

An example of functional obsolescence is






5

The URAR is used to appraise a






6

Which of the following is NOT part of a legal description of real property?






7

The Krasners have just bought a home for $550,000. This is the home’s






8

If the tax rate is 22 mills for the township and 29 mills for the school district, what are the taxes on a property worth $75,000 assessed at 67% of value?






9

To manage property, a person






10

Which of the following questions is one of the tests of whether something is a fixture?






Result

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