Question 1

What is a quiet title action?

Accepted Answer

A) a lawsuit to determine the rightful owner of a disputed property and his/her rights 
B) a lawsuit to enforce the right to survivorship to the holder of the title deed 
C) a lawsuit asking for the release of the details of a separate property from a couple 
D) a lawsuit to obtain reimbursement for losses cause by undiscovered defects in title 
A) a lawsuit to determine the rightful owner of a disputed property and his/her rights 
B) a lawsuit to enforce the right to survivorship to the holder of the title deed 
C) a lawsuit asking for the release of the details of a separate property from a couple 
D) a lawsuit to obtain reimbursement for losses cause by undiscovered defects in title

Question 2

Recording a deed gives constructive notice to the world of the owner's interest in the property.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following defines a reminder as a form of future interest?

Accepted Answer

A) It is a right of possession that returns to the grantor after the expiration of a limited or contingent estate. 
B) It is a right of possession that returns to a third party upon the expiration of a limited or contingent estate. 
C) It is a form of concurrent possession of a multiple-dwelling building in which a corporation owns the building and the residents own shares in the corporation. 
D) It is a form of concurrent possession that includes the right of survivorship. 
A) It is a right of possession that returns to the grantor after the expiration of a limited or contingent estate. 
B) It is a right of possession that returns to a third party upon the expiration of a limited or contingent estate. 
C) It is a form of concurrent possession of a multiple-dwelling building in which a corporation owns the building and the residents own shares in the corporation. 
D) It is a form of concurrent possession that includes the right of survivorship.

Question 4

Which of the following is true of an ownership of real property that is fee simple absolute?

Accepted Answer

A) It cannot be inherited. 
B) It terminates based on the occurrence or nonoccurrence of a specified event. 
C) It is infinite in duration. 
D) It cannot be transferred at will. 
A) It cannot be inherited. 
B) It terminates based on the occurrence or nonoccurrence of a specified event. 
C) It is infinite in duration. 
D) It cannot be transferred at will.

Question 5

To obtain title under adverse possession, the adverse possessor must physically occupy the property.

Accepted Answer

A) True 
 B)False

Question 6

A(n)________ is a document that grants a person the right to enter upon another's property for a specified and usually short period of time.

Accepted Answer

A) title insurance 
B) easement 
C) license 
D) deed 
A) title insurance 
B) easement 
C) license 
D) deed

Question 7

Reversion occurs when the rights of possession returns to a third party upon the expiration of a limited estate.

Accepted Answer

A) True 
 B)False

Question 8

A(n)________ is a situation in which a person who wrongfully possesses someone else's real property obtains title to that property if certain statutory requirements are met.

Accepted Answer

A) adverse possession 
B) reversion 
C) nonpossessory interest 
D) future interest 
A) adverse possession 
B) reversion 
C) nonpossessory interest 
D) future interest

Question 9

If they filed for divorce in a state that recognizes community property, what amount would each receive?

Accepted Answer

A) $1, 300, 000 
B) $2, 297, 500 
C) $725, 000 
D) $1, 050, 000 
A) $1, 300, 000 
B) $2, 297, 500 
C) $725, 000 
D) $1, 050, 000

Question 10

Land, as well as buildings, trees, soil, minerals, timber, plants, and other things permanently affixed to the land are known as ________.

Accepted Answer

A) chattel 
B) intangible property 
C) personal property 
D) real property 
A) chattel 
B) intangible property 
C) personal property 
D) real property

Question 11

When does a joint tenancy become a tenancy in common?

Accepted Answer

A) when a joint tenant sells his or her property 
B) when a joint tenant dies 
C) when two joint tenants swap their share in the tenancy 
D) when two joint tenants are bound by a marital relationship 
A) when a joint tenant sells his or her property 
B) when a joint tenant dies 
C) when two joint tenants swap their share in the tenancy 
D) when two joint tenants are bound by a marital relationship

Question 12

What are surface rights in real property?

Accepted Answer

A) the right to possess the earth beneath the land 
B) the right to occupy the land 
C) the right to possess personal property 
D) the right to convert personal property to negotiable instruments 
A) the right to possess the earth beneath the land 
B) the right to occupy the land 
C) the right to possess personal property 
D) the right to convert personal property to negotiable instruments

Question 13

Martin, who owned a piece of property along with two other tenants, executed a will by which he left all his property to his son.When Martin died, his son received his interest in the shared property and became a tenant with the other two owners.What kind of concurrent ownership would allow such a passage of title?

Accepted Answer

A) a joint tenancy 
B) a tenancy in common 
C) a tenancy by entirety 
D) a community property 
A) a joint tenancy 
B) a tenancy in common 
C) a tenancy by entirety 
D) a community property

Question 14

What is a general warranty deed?

Accepted Answer

A general warranty deed (or grant deed)c

Question 15

A joint tenant does not have the right to sell or transfer his or her interest in the property.

Accepted Answer

A) True 
 B)False

Question 16

________ is a type of ownership of real property that grants the owner the fullest bundle of legal rights that a person can hold in real property.

Accepted Answer

A) Fee simple absolute 
B) Life estate 
C) Servient estate 
D) Fee simple defeasible 
A) Fee simple absolute 
B) Life estate 
C) Servient estate 
D) Fee simple defeasible

Question 17

An easement in gross does not create a dominant estate.

Accepted Answer

A) True 
 B)False

Question 18

Kitchen cabinets in a building are considered fixtures.

Accepted Answer

A) True 
 B)False

Question 19

Ms.Rogers owns a property adjoining the property owned by Mr.Cartworth.Since her house lies behind that of Mr.Cartworth's, Ms.Rogers' driveway passes through his property.
-Which of the following types of nonpossessory interest has been created on Mr.Cartworth's land?

Accepted Answer

A) an easement appurtenant 
B) an easement in gross 
C) a license 
D) a profit 
A) an easement appurtenant 
B) an easement in gross 
C) a license 
D) a profit

Question 20

A bridge would be an example of real property.

Accepted Answer

A) True 
 B)False

Exam 48: Real Property

What is a quiet title action?

Recording a deed gives constructive notice to the world of the owner's interest in the property.

Which of the following defines a reminder as a form of future interest?

Which of the following is true of an ownership of real property that is fee simple absolute?

To obtain title under adverse possession, the adverse possessor must physically occupy the property.

A(n)________ is a document that grants a person the right to enter upon another's property for a specified and usually short period of time.

Reversion occurs when the rights of possession returns to a third party upon the expiration of a limited estate.

A(n)________ is a situation in which a person who wrongfully possesses someone else's real property obtains title to that property if certain statutory requirements are met.

If they filed for divorce in a state that recognizes community property, what amount would each receive?

Land, as well as buildings, trees, soil, minerals, timber, plants, and other things permanently affixed to the land are known as ________.

When does a joint tenancy become a tenancy in common?

What are surface rights in real property?

What is a general warranty deed?

A joint tenant does not have the right to sell or transfer his or her interest in the property.

________ is a type of ownership of real property that grants the owner the fullest bundle of legal rights that a person can hold in real property.

An easement in gross does not create a dominant estate.

Kitchen cabinets in a building are considered fixtures.

Ms.Rogers owns a property adjoining the property owned by Mr.Cartworth.Since her house lies behind that of Mr.Cartworth's, Ms.Rogers' driveway passes through his property. -Which of the following types of nonpossessory interest has been created on Mr.Cartworth's land?

A bridge would be an example of real property.

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