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Property Law Quiz

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Questions and Answers

Who is responsible for paying just compensation due to the taking of property for public use?

The buyer of the property
The local municipality
The government (correct)
The property owner

What type of ownership is established when someone purchases a share of land from a seller who has the Right of Survivorship?

Leasehold
Tenants in Common (correct)
Joint Tenancy
Sole Ownership

Which method is commonly used to uncover encroachments on a property?

Online mapping tools
Surveys (correct)
Title search
Neighborhood complaints

What action can a property owner take against someone who is violating a deed restriction?

<p>Take them to court (C)</p> Signup and view all the answers

Are net listings considered legal in Georgia?

<p>No, they are illegal (D)</p> Signup and view all the answers

Flashcards

Real Estate Licensee Contract Drafting

A real estate license does not authorize a broker or salesperson to create original or complex contracts.

Eminent Domain Compensation

The government is ordered to pay just compensation when taking private property for public use under eminent domain law.

Encroachments Discovery

Real estate surveys are the primary method for identifying encroachments.

Types of Depreciation (3)

Three types of depreciation are functional obsolescence, economic obsolescence, and physical deterioration.

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Property Ownership Transfer - Right of Survivorship

When a property owner with Right of Survivorship sells part of their land to someone else, the new owner takes title as tenants in common.