Copyright
Florida AQB Certified General Appraiser Exam: Study Guide  /  Business Courses

Test Prep Plan - Take a practice test

Take this practice test to check your existing knowledge of the course material. We'll review your answers and create a Test Prep Plan for you based on your results.
How Test Prep Plans work
1
Answer 50 questions
Test your existing knowledge.
2
View your test results
Based on your results, we'll create a customized Test Prep Plan just for you!
3
Study smarter
Study more effectively: skip concepts you already know and focus on what you still need to learn.

Transferring Real Property 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. Which of the following is not a factor considered when analyzing whether a taking has occurred under the Penn Central Transportation Company v. New York City case?

Question 2 2. Who is the party that manages the probate estate and ensures that its assets are distributed in accordance with a valid will?

Question 3 3. Harry's investment property has been assessed at $150,000. Harry does not live in his investment property and he doesn't qualify for any exemptions. The mill rate is 15. What is Harry's total annual property tax?

Question 4 4. The government uses a _____________ to obtain title to the land of an owner who refuses the government's offer.

Question 5 5. Which of the following is part of a probate estate?

Page 2

Question 6 6. Local ____ are assessed annually, while ____ are assessed when the property is sold.

Question 7 7. The ___________ of the United States Constitution stipulates that government entities must provide 'just compensation' when taking ownership of private property.

Question 8 8. What are the four elements of adverse possession?

Question 9 9. Which of the following is found in an executor's deed?

Question 10 10. In property tax assessment, what's a mill equal to?

Page 3

Question 11 11. A proceeding brought by a landowner to seek compensation for a government taking of land is called ____.

Question 12 12. Examples of a general public purpose include ________________.

Question 13 13. Just compensation for condemned private property is measured by _____________.

Question 14 14. Someone is living on your land in a house that person built without your permission. The house sat vacant for three years before the person moved in, and nine years after the person moved in you asked that person to leave. When the individual would not, you filed a lawsuit to evict. The occupier, in turn, asked the court to declare that he or she was now the owner of the property. The period of adverse possession required in your state is ten years. Can the court award this person title to the property?

Question 15 15. What power gives the government the right to impose regulations upon property?

Page 4

Question 16 16. John's land has no viable economic use because of a recent government regulation. Which of the following is correct?

Question 17 17. Which provision to the Constitution requires just compensation for the taking of private property for a public purpose?

Question 18 18. Someone moves onto the back half of your vacation property, fences off an area, builds a house, and begins to live there. You find out about it after four years when you visit the property for the first time in a while. After investigating this, you don't believe that person is actually on your property, and you do nothing. Two years later you find the house empty and later learn that the person was on a two-month vacation when you were there. After another eight years that person files a lawsuit to ask the court to be declared owner of the property. The period required for adverse possession is ten years. Will that person win?

Question 19 19. Elizabeth dies without a will, unmarried, without children and no relatives. Who gets her property?

Question 20 20. If a person is sending workers onto your unimproved forest land for a continuous period of fifteen years to harvest timber and sell it for profit, and the period required in the adverse possession rules is ten years, will that person then be in a position to obtain title to your land?

Page 5

Question 21 21. Kerry's residence is assessed at $170,000 and the land it sits on is assessed at $30,000. Kerry's state permits a homestead exemption equal to the lesser of 10% of the assessed value or $50,000. The mill rate is 15. What's Kerry's total annual property tax?

Question 22 22. A person who dies with a valid will is said to have died ____, while a person who dies without a valid will is said to have died ____.

Question 23 23. Eminent domain is often ____________.

Question 24 24. What is one way you can stop someone from gaining title to your property under a theory of adverse possession?

Question 25 25. What is the best first step in challenging a property tax assessment?

Transferring Real Property 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!

Support