FREE BOMA Real Property Administrator Questions and Answers

Question 1

Real Property Interests include

Accepted Answer

Fences

Answer

Cultivated annual crops

Answer

Leasehold interests

Answer

Mortgages

Question 2

What is a form of ownership that is restricted to husbands and wives

Accepted Answer

Tenancy by entirety

Answer

Joint tenancy

Answer

Tenancy in severalty

Answer

Tenancy in common

Question 3

What would result from a condition in a deed?

Accepted Answer

Defeasible fee

Answer

Fee simple

Answer

Chattel real

Answer

Nonfreehold estate

Question 4

What does tatum refer to

Accepted Answer

Level surface from which elevations are measured

Answer

Carpenter's tool

Answer

Aircraft used for survey purposes

Answer

File of recorded documents

Question 5

An investor's personal assets could be subject to a creditor's claim in a

Accepted Answer

General partnership

Answer

Syndicate

Answer

Real estate investment trust

Answer

Corporation

Question 6

How does an S corporation differ from other corporations?

Accepted Answer

The double taxation aspect of other corporations is avoided

Answer

Its investors have no personal liability

Answer

It has a separate life from that of the investors

Answer

Its tax rates are higher

Question 7

A tenant in a commercial building installed a large sign that was anchored to the building with steel rods.  Which of the following terms properly describes the sign?

Accepted Answer

Trade Fixture

Answer

Fixture

Answer

Real Property

Answer

Emblement

Question 8

What type of real property description would include reference to an iron stake

Accepted Answer

Metes and bounds

Answer

Informal

Answer

Lot, block and tract

Answer

Government survey

Question 9

A tenancy in common differs from a joint tenancy in that

Accepted Answer

Tenants in common have unequal interests

Answer

There is a survivorship right if a tenant in common dies without a will

Answer

Tenants in common have divided interests

Answer

Tenants in common must acquire their interests at the same time.

Question 10

Chattles real differ from appurtenances in that they:

Accepted Answer

Are personal property

Answer

Transfer with the land

Answer

Include growing trees

Answer

Are freehold estates