Superior Real Estate School Exam Questions and Answers Rated A
All of the following are physical characteristics of land
except:
A. Indestructibility D. Scarcity
B. Uniqueness
C. Immobility
D. Scarcity
Under the doctrine of specific performance, the party
harmed by breach of a real estate contract can ask a judge
to force the breaching party to carry out the terms of
the contract rather than order the breaching party to pay
monetary damages. Which physical characteristic of land
is the basis for the doctrine of specific performance? B. Uniqueness
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment
Which of the following is considered to have the greatest
impact on the value of a property?
A. Area Preference A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness
The concept by which land would increase automatically
along a river or stream is known as:
A. Accretion
A. Accretion
B. Littoral Rights
, Superior Real Estate School Exam Questions and Answers Rated A
C. Avulsion
D. Reliction
The owner of a house wants to fence the yard for a dog.
When the fence is erected, the fencing materials are con-
verted to real estate by:
B. Annexation
A. Severance
B. Annexation
C. Immobility
D. Indestructibility
A deed conveyed ownership to a grantee "so long as
the existing building on the property is not destroyed."
Following the transfer, the original grantor has what type
of interest?
D. Reversionary Estate
A. Life Estate
B. ongoing ownership in the property that lasts as long as
the condition
C. Fee Simple Estate
D. Reversionary Estate
A woman conveys a life estate to her son-in-law and
stipulates that upon his death the estate will pass to her
grandson. The grandson has an:
B. Estate in Remainder
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another
A person who acquired ownership that can be inherited,
with the provision "that the land must always be used for
recreational purposes," has:
, Superior Real Estate School Exam Questions and Answers Rated A
A. a fee simple absolute estate
B. a defeasible fee B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold
A brother and sister bought a commercial building and
took title as joint tenants with right of survivorship. The
brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her
B. in severalty
brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remain-
der interests
Co-owners of a fee simple interest in a small oflce build-
ing are neither related to nor a creditor to each other. One
owner dies intestate. The surviving owner would become
the sole owner of the property under which of the follow-
ing rights?
C. survivorship
A. adverse possession
B. reversionary interest
C. survivorship
D. foreclosure
Three joint tenants with rights of survivorship own a parcel
of land. One owner sells his interest to a long-time friend.
After the conveyance, the remaining original owners:
D. remain joint tenants with each other
A. become tenants in common with each other
B. become tenants in common with each other and the
, Superior Real Estate School Exam Questions and Answers Rated A
newest owner
C. become joint tenants with the newest owner
D. remain joint tenants with each other
The owner of a condominium unit learns that a neighbor
has failed to pay his condominium association dues. If the
neighbor does NOT pay the dues:
A. a lien can be filed against the condominium complex
B. a lien can be filed against the neighbor's unit
B. a lien can be filed against the neighbor's unit
C. a lien can only be filed against the common areas of the
condominium
D. the taxing authority can order the condominium be
dissolved
The severalty owner of a parcel of land sells it. The buyer
insists that the owner's wife also sign the deed. The pur-
pose of obtaining the wife's signature is to:
A. terminate any rights the wife may have in the property
A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
C. provide evidence that the owner is married
D. subordinate the wife's signature to the buyer
Vonda Lee and William purchased a home together
in 2003 with the deed simply listing both of them as
"grantees" without specifying how they were to hold title.
They married each other in early 2004. How do they now
likely hold title to the house purchased in 2003 if they have D. tenancy in common
not made any other adjustments to their deed?
A. tenancy by the entirety
B. tenancy in severalty
All of the following are physical characteristics of land
except:
A. Indestructibility D. Scarcity
B. Uniqueness
C. Immobility
D. Scarcity
Under the doctrine of specific performance, the party
harmed by breach of a real estate contract can ask a judge
to force the breaching party to carry out the terms of
the contract rather than order the breaching party to pay
monetary damages. Which physical characteristic of land
is the basis for the doctrine of specific performance? B. Uniqueness
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment
Which of the following is considered to have the greatest
impact on the value of a property?
A. Area Preference A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness
The concept by which land would increase automatically
along a river or stream is known as:
A. Accretion
A. Accretion
B. Littoral Rights
, Superior Real Estate School Exam Questions and Answers Rated A
C. Avulsion
D. Reliction
The owner of a house wants to fence the yard for a dog.
When the fence is erected, the fencing materials are con-
verted to real estate by:
B. Annexation
A. Severance
B. Annexation
C. Immobility
D. Indestructibility
A deed conveyed ownership to a grantee "so long as
the existing building on the property is not destroyed."
Following the transfer, the original grantor has what type
of interest?
D. Reversionary Estate
A. Life Estate
B. ongoing ownership in the property that lasts as long as
the condition
C. Fee Simple Estate
D. Reversionary Estate
A woman conveys a life estate to her son-in-law and
stipulates that upon his death the estate will pass to her
grandson. The grandson has an:
B. Estate in Remainder
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another
A person who acquired ownership that can be inherited,
with the provision "that the land must always be used for
recreational purposes," has:
, Superior Real Estate School Exam Questions and Answers Rated A
A. a fee simple absolute estate
B. a defeasible fee B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold
A brother and sister bought a commercial building and
took title as joint tenants with right of survivorship. The
brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her
B. in severalty
brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remain-
der interests
Co-owners of a fee simple interest in a small oflce build-
ing are neither related to nor a creditor to each other. One
owner dies intestate. The surviving owner would become
the sole owner of the property under which of the follow-
ing rights?
C. survivorship
A. adverse possession
B. reversionary interest
C. survivorship
D. foreclosure
Three joint tenants with rights of survivorship own a parcel
of land. One owner sells his interest to a long-time friend.
After the conveyance, the remaining original owners:
D. remain joint tenants with each other
A. become tenants in common with each other
B. become tenants in common with each other and the
, Superior Real Estate School Exam Questions and Answers Rated A
newest owner
C. become joint tenants with the newest owner
D. remain joint tenants with each other
The owner of a condominium unit learns that a neighbor
has failed to pay his condominium association dues. If the
neighbor does NOT pay the dues:
A. a lien can be filed against the condominium complex
B. a lien can be filed against the neighbor's unit
B. a lien can be filed against the neighbor's unit
C. a lien can only be filed against the common areas of the
condominium
D. the taxing authority can order the condominium be
dissolved
The severalty owner of a parcel of land sells it. The buyer
insists that the owner's wife also sign the deed. The pur-
pose of obtaining the wife's signature is to:
A. terminate any rights the wife may have in the property
A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
C. provide evidence that the owner is married
D. subordinate the wife's signature to the buyer
Vonda Lee and William purchased a home together
in 2003 with the deed simply listing both of them as
"grantees" without specifying how they were to hold title.
They married each other in early 2004. How do they now
likely hold title to the house purchased in 2003 if they have D. tenancy in common
not made any other adjustments to their deed?
A. tenancy by the entirety
B. tenancy in severalty
