Free CRS Property Marketing and Management Questions and Answers

Question 1

Which of the following would be considered to be real property?

Accepted Answer

Fixtures

Answer

Explanation:
Fixtures would be considered to be real property because they are items that are permanently attached to the land or property and cannot be easily removed without causing damage. They become part of the property and are therefore considered real property. Leasehold estate, chattels, and trade fixtures are not considered real property as they are either temporary rights to use the property, personal property, or items that can be easily removed without causing damage to the property.

Question 2

The Servient estate in an easement appurtenant is the property:

Accepted Answer

on which the easement is placed.

Answer

Explanation:
In an easement appurtenant, the servient estate refers to the property on which the easement is placed. The easement is a right or privilege granted to the owner of another property, known as the dominant estate, to use a portion of the servient estate for a specific purpose. Therefore, the servient estate is the property that is burdened by the easement and allows the owner of the dominant estate to benefit from it.

Question 3

Real property includes all of the following except:

Accepted Answer

Trade fixtures

Answer

Explanation:
Real property refers to land and any permanent structures or improvements attached to it. This includes fixtures, which are items that are affixed to the land or property and are considered part of it. The bundle of rights refers to the legal rights associated with owning real property. However, trade fixtures are not considered part of real property. Trade fixtures are items that are attached to the property by a tenant or business owner for the purpose of conducting their trade or business, and they can be removed by the tenant when they vacate the property.

Question 4

Pine trees and bougainvillea bushes on a property that were planted by the current owner are examples of:

Accepted Answer

Real Estate

Answer

Explanation:
Pine trees and bougainvillea bushes on a property that were planted by the current owner are considered examples of real estate because they are permanently attached to the land and cannot be easily removed without causing damage. Real estate refers to the land and any permanent fixtures or improvements on it, such as buildings, trees, and landscaping. These items are typically included in the sale of the property and are considered part of the real estate.

Question 5

A device that grants property owner relief from certain provisions of the zoning ordinance where, because of specific use, would result in a particular hardship upon the owner as distinguished from a mere inconvenience or a desire to make more money.

Accepted Answer

Variance

Answer

Explanation:
A variance is a device that allows property owners to be exempted from certain zoning regulations when strict adherence to those regulations would cause undue hardship. This means that the property owner would face significant difficulties or disadvantages if they were not granted relief from the zoning ordinance. It is important to note that this exemption is not granted for mere convenience or financial gain, but rather to address specific hardships faced by the property owner.

CRS - Certified Residential Specialist Practice Test

CRS - Certified Residential Specialist Practice Test

Free CRS Property Marketing and Management Questions and Answers