Question 1

A property owner who holds fee simple title to land will have all of the following "sticks" in his bundle of rights EXCEPT the right to

Accepted Answer

A)  occupy and use it. 
B)  restrict the use of it. 
C)  devise it. 
D)  violate building, health and safety codes. 
A)  occupy and use it. 
B)  restrict the use of it. 
C)  devise it. 
D)  violate building, health and safety codes. D

Question 2

All of the following may constitute a lien on real property EXCEPT

Accepted Answer

A)  a mortgage. 
B)  unpaid real property taxes. 
C)  a restrictive covenant in a deed. 
D)  a judgment against the owner. 
A)  a mortgage. 
B)  unpaid real property taxes. 
C)  a restrictive covenant in a deed. 
D)  a judgment against the owner. C

Question 3

The type of lien used by someone who does work or supplies materials for a home and has not been paid is called a mechanic's lien.

Accepted Answer

A) True 
 B)False  True

Question 4

Choose the one most appropriate answer for each.
-any impediment to a clear title such as a lien, lease or easement

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 5

A government may acquire ownership of privately held land by patent.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a non-freehold estate?

Accepted Answer

A)  Tenancy by the entirety 
B)  Tenancy for years 
C)  estate held by a remainderman 
D)  Estate in reversion 
A)  Tenancy by the entirety 
B)  Tenancy for years 
C)  estate held by a remainderman 
D)  Estate in reversion

Question 7

The person who conveys a life estate to a life tenant controls who receives ____________________ after the death of the life tenant.

Accepted Answer

The answer of The person who conveys a life estate...

Question 8

If title to real property is said to be fee simple, it can NOT be alienated.

Accepted Answer

A) True 
 B)False

Question 9

An example of an encumbrance would be

Accepted Answer

A)  a servient estate. 
B)  a dominant estate. 
C)  a life estate. 
D)  an easement in gross. 
A)  a servient estate. 
B)  a dominant estate. 
C)  a life estate. 
D)  an easement in gross.

Question 10

Choose the one most appropriate answer for each.
-law that develops from custom and usage over long periods of time

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 11

An estate, which is indefinite in duration, inheritable and transferable, is called a _________________________ estate.

Accepted Answer

The answer of An estate, which is indefinite in duration,...

Question 12

An easement may be created by a written document granting the right to another.

Accepted Answer

A) True 
 B)False

Question 13

Deed restrictions are examples of

Accepted Answer

A)  government limitations on land. 
B)  private control of land. 
C)  police power. 
D)  Increased power in the hands of the zoning authority. 
A)  government limitations on land. 
B)  private control of land. 
C)  police power. 
D)  Increased power in the hands of the zoning authority.

Question 14

Choose the one most appropriate answer for each.
-an award to a property owner whose land is not taken but which suffers because of a nearby public land use

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 15

Termination of an easement appurtenant may be accomplished

Accepted Answer

A)  by the servient tenement when he has another use for the land. 
B)  when the purpose of the easement no longer exists. 
C)  by a court of law when no longer used. 
D)  unilaterally by the holder of the servient tenement. 
A)  by the servient tenement when he has another use for the land. 
B)  when the purpose of the easement no longer exists. 
C)  by a court of law when no longer used. 
D)  unilaterally by the holder of the servient tenement.

Question 16

A private road on Don's property has often been used by fishermen as a walkway to the lake. If Don wishes to break the fishermen's claim to an easement by prescription, while still allowing the use, he must give notice of his consent to their use of the property.

Accepted Answer

A) True 
 B)False

Question 17

Choose the one most appropriate answer for each.
-one in which individuals are given the right to own land

Accepted Answer

A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages 
A) allodial system 
B) chattel 
C) common law 
D) community property 
E) consequential damages
F)deed restrictions
G)easement
H)eminent domain
I)encroachment
J)encumbrance
K)fee simple
L)feudal system
M)freehold estate
N)homestead protection
O)lessor
P)life estate
Q)periodic tenancy
R)police power
S)property taxes
T)severance damages

Question 18

A holdover tenancy is most likely created after the expiration of a

Accepted Answer

A)  the tenancy in common. 
B)  joint tenancy. 
C)  tenancy by the entirety. 
D)  tenancy for years. 
A)  the tenancy in common. 
B)  joint tenancy. 
C)  tenancy by the entirety. 
D)  tenancy for years.

Question 19

The entitlements of fee simple ownership, which exclude those without rights from interfering, are the ____________________ of rights.

Accepted Answer

The answer of The entitlements of fee simple ownership, which...

Question 20

A power company wants to lay a service line across customer properties and must acquire an irrevocable right to do so. This right would be called

Accepted Answer

A)  an easement appurtenant. 
B)  an easement in gross. 
C)  a license. 
D)  an irrevocable lien. 
A)  an easement appurtenant. 
B)  an easement in gross. 
C)  a license. 
D)  an irrevocable lien.

Exam 2: Rights and Interests in Land

A property owner who holds fee simple title to land will have all of the following "sticks" in his bundle of rights EXCEPT the right to

All of the following may constitute a lien on real property EXCEPT

The type of lien used by someone who does work or supplies materials for a home and has not been paid is called a mechanic's lien.

Choose the one most appropriate answer for each. -any impediment to a clear title such as a lien, lease or easement

A government may acquire ownership of privately held land by patent.

Which of the following is a non-freehold estate?

The person who conveys a life estate to a life tenant controls who receives ____________________ after the death of the life tenant.

If title to real property is said to be fee simple, it can NOT be alienated.

An example of an encumbrance would be

Choose the one most appropriate answer for each. -law that develops from custom and usage over long periods of time

An estate, which is indefinite in duration, inheritable and transferable, is called a _________________________ estate.

An easement may be created by a written document granting the right to another.

Deed restrictions are examples of

Choose the one most appropriate answer for each. -an award to a property owner whose land is not taken but which suffers because of a nearby public land use

Termination of an easement appurtenant may be accomplished

A private road on Don's property has often been used by fishermen as a walkway to the lake. If Don wishes to break the fishermen's claim to an easement by prescription, while still allowing the use, he must give notice of his consent to their use of the property.

Choose the one most appropriate answer for each. -one in which individuals are given the right to own land

A holdover tenancy is most likely created after the expiration of a

The entitlements of fee simple ownership, which exclude those without rights from interfering, are the ____________________ of rights.

A power company wants to lay a service line across customer properties and must acquire an irrevocable right to do so. This right would be called

Nature and Description of Real Estate

Forms of Ownership

Transferring Title

Recordation Abstracts and Title Insurance

Contract Law

Real Estate Sales Contracts

Mortgage and Note

Deed of Trust

Lending Practices

The Loan and the Consumer

Sources of Financing

Types of Financing

Taxes and Assessments

Title Closing and Escrow

Real Estate Leases

Real Estate Appraisal

Licensing Laws and Professional Affiliation

The Principal-Broker Relationship: Employment

The Principal-Broker Relationship: Agency

Fair Housing, Ada, Equal Credit, and Community Reinvestment

Condominiums, Cooperatives, Puds, and Timeshares

Property Insurance

Land-Use Control

Real Estate and the Economy

Investing in Real Estate

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