Copyright

Liens & Encumbrances in Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. A typical mortgage lien is what type of lien?

Question 2 2. What document is recorded to provide notice of satisfaction?

Question 3 3. If a creditor is permitted to place a lien on your property by operation of law, what type of lien is it?

Question 4 4. Liens created by contract must comply with ____.

Question 5 5. What's a real estate lien?

Page 2

Question 6 6. Which of the following is the least advisable path to take regarding an encroachment on your property?

Question 7 7. Nora has maintained a greenhouse on Abby's land for 21 years with Abby's permission. Has Nora obtained title to the ground upon which the greenhouse sits by adverse possession?

Question 8 8. Which of the following best describes a landlocked parcel of property as used in the lesson?

Question 9 9. Which of the following is not an encroachment?

Question 10 10. What is a vacated road?

Page 3

Question 11 11. What legal doctrine may allow a trespasser to take legal title of your property?

Question 12 12. The owner of a parcel of property next to your property has the legal right to cross over your property to get to a public road. What type of encumbrance is this?

Question 13 13. A ____ is a type of encumbrance that allows someone to go on property and take some natural resource from it.

Question 14 14. Legal instruments documenting encumbrances on a parcel of real estate can be found at ____.

Question 15 15. A ____ is an encumbrance that is placed on a property based upon an award in court.

Page 4

Question 16 16. Edward's an electrician who wired a newly constructed house. What type of encumbrance may he be able to attach to the house?

Question 17 17. Which type of easement is commonly used by the cable repairman to walk across private property from one yard to the next?

Question 18 18. A party wall is located on the boundary between two properties. Who benefits?

Question 19 19. Which type of easement allows a trespasser to acquire an easement by adverse use?

Question 20 20. Which of the following is true about encroachments?

Page 5

Question 21 21. How can a utility company use a railway right-of-way to service a railroad on private property?

Liens & Encumbrances in Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Michigan Real Estate Broker Exam: Study Guide & Practice  /  Business Courses
Support