Real Estate Fundamentals - Chapter 2: Real Property Rights & Limitations

20 Questions | Total Attempts: 459

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Real Property Quizzes & Trivia

Real Estate Fundamentals - Chapter 2: Real Property Rights & Limitations


Questions and Answers
  • 1. 
    There are four government powers that limit the basic rights of a real property owner. The first government power is known as police power. It is the right of government to make and enforce laws for the good of the general public.
    • A. 

      True

    • B. 

      False

  • 2. 
    The Pennsylvania Laws known as the Municipalities Planning Code is responsible for licensing contractors who bid on state government contracts.
    • A. 

      True

    • B. 

      False

  • 3. 
    Zoning laws can create buffer zones or areas such as playgrounds that are used to separate residential property from property having different zoning use.
    • A. 

      True

    • B. 

      False

  • 4. 
    Improvements to real property that violate the current zoning laws are prohibited unless a property owner applies to the zoning hearing board for an exception to the laws and is granted this exception known as the Right to Encumber.
    • A. 

      True

    • B. 

      False

  • 5. 
    If any building use violates the current zoning laws because it was in existence before the passage of the zoning law, the building is referred to as a "Right to Restrict the Use" of property.
    • A. 

      True

    • B. 

      False

  • 6. 
    Building codes are standards of construction that are also imposed by local governments. Typically these codes are determined by national construction standards such as the BOCA (Building Officals Conference of America)
    • A. 

      True

    • B. 

      False

  • 7. 
    These BOCA Codes have not been effective in providing better housing and the codes are resented by both builders and the general public.
    • A. 

      True

    • B. 

      False

  • 8. 
    A soil drainage test known as a percolation test is usually required to meet local community requirements for land development. The test involves filling man-made holes on the land with water to measure how the soil will absorb the water.
    • A. 

      True

    • B. 

      False

  • 9. 
    The law requires that persons who are selling or leasing land of 25 or more lots file a statement of record with the federal Department of Housing and Urban Development (HUD) is known as the Interstate Highway Full Disclosure Act.
    • A. 

      True

    • B. 

      False

  • 10. 
    The government (federal, state, or local) has the right to take private property (real estate) for the public good with just compensation to the owner, even if the owner's family has lived at the location since the American Revolution and the owner does not wish to sell.
    • A. 

      True

    • B. 

      False

  • 11. 
    Because a tax on a real property is based on the value of the property it is known as a True Value Impact Tax.
    • A. 

      True

    • B. 

      False

  • 12. 
    The term Cheaters refers to the process of having all the real and personal property of an owner returned to the state government when an owner dies without a will and without any heirs as defined by state law.
    • A. 

      True

    • B. 

      False

  • 13. 
    If a person dies WITH a will, the property title would be conveyed or transferred by the will to that person or the persons designated in the will. This is known as testate.
    • A. 

      True

    • B. 

      False

  • 14. 
    In Pennsylvania the applicable law is called the Pennsylvania Interstate Act. The word Interstate means "without a will".
    • A. 

      True

    • B. 

      False

  • 15. 
    A deed restriction is a limitation on the use of property for a specified period or forever that are written in a deed, which apply even after the property is sold. Illegal restrictions, such as those against race or religion are not valid.
    • A. 

      True

    • B. 

      False

  • 16. 
    Deed restrictions called "laches" are used by builders and developers to help preserve property values. They help maintain development conformity throughout the entire development. Examples of restrictions include the control of pets, landscaping, and additional construction on the property.
    • A. 

      True

    • B. 

      False

  • 17. 
    It may not always be possible to use the water found on land. Under severe drought conditions, the state may place limitations on our right to use water. This right of the government to control the use of water is exercised through the principle of deed restrictions.
    • A. 

      True

    • B. 

      False

  • 18. 
    The particular property rights of an owner whose land lies adjacent to water are referred to as "Riparian Rights".
    • A. 

      True

    • B. 

      False

  • 19. 
    The opposite effect of erosion could occur where the physical forces of nature cause a gradual buildup of soil known as "Accretion".
    • A. 

      True

    • B. 

      False

  • 20. 
    The sudden and dramatic devastation of land and real property is referrred to as erosion.
    • A. 

      True

    • B. 

      False

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