REAL ESTATE FUNDAMENTALS FINAL EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2026
d. fee simple on condition subsequent
Property conveyed "for educational purposes only" or some
other condition creates a fee simple estate qualified by a
"condition subsequent." If the condition is broken, the former
owner can initiate legal action to reclaim ownership.
Property deeded to a school "for educational purposes only"
conveys a
a. fee simple absolute.
b. fee simple on condition precedent.
c. leasehold interest.
d. fee simple on condition subsequent.
b. a future interest
the man has conveyed a future interest to his daughter, known as
a remainder interest. During his life, the man owns the life estate
and is the life tenant. upon his death, ownership passes to the
daughter as the remainderman.
A man conveys ownership of his residence to his daughter but
reserves for himself a life estate in the residence. The interest the
daughter owns during her father's lifetime is
a. pur autre vie.
b. a future interest.
c. a current interest.
d. a leasehold.
, The definition of real property
Bundle of Legal Rights is property included in
Possession,Enjoyment,Exclusion,Disposition,control
Bundle of rights concept
Subsurface rights
In Pennsylvania, mine activities refers to
indestructible
Land is considered to be
Is not a regulatory document
The Comprehensive Plan
, Deed restrictions
Zoning does not affect such things as
A planning tool used to separate industry and business from
residential neighborhoods.
Zoning
A law that limits the permitted uses of land and maximum density
of development in a community.
Zoning Ordinance
A strip of land, usually used as a park or designated for a similar
use, separating land dedicated to one use from land dedicated to
another use.
buffer zones
action, initiated by a property owner against the government, to
recover the loss in property value
Inverse Condemnation
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2026
d. fee simple on condition subsequent
Property conveyed "for educational purposes only" or some
other condition creates a fee simple estate qualified by a
"condition subsequent." If the condition is broken, the former
owner can initiate legal action to reclaim ownership.
Property deeded to a school "for educational purposes only"
conveys a
a. fee simple absolute.
b. fee simple on condition precedent.
c. leasehold interest.
d. fee simple on condition subsequent.
b. a future interest
the man has conveyed a future interest to his daughter, known as
a remainder interest. During his life, the man owns the life estate
and is the life tenant. upon his death, ownership passes to the
daughter as the remainderman.
A man conveys ownership of his residence to his daughter but
reserves for himself a life estate in the residence. The interest the
daughter owns during her father's lifetime is
a. pur autre vie.
b. a future interest.
c. a current interest.
d. a leasehold.
, The definition of real property
Bundle of Legal Rights is property included in
Possession,Enjoyment,Exclusion,Disposition,control
Bundle of rights concept
Subsurface rights
In Pennsylvania, mine activities refers to
indestructible
Land is considered to be
Is not a regulatory document
The Comprehensive Plan
, Deed restrictions
Zoning does not affect such things as
A planning tool used to separate industry and business from
residential neighborhoods.
Zoning
A law that limits the permitted uses of land and maximum density
of development in a community.
Zoning Ordinance
A strip of land, usually used as a park or designated for a similar
use, separating land dedicated to one use from land dedicated to
another use.
buffer zones
action, initiated by a property owner against the government, to
recover the loss in property value
Inverse Condemnation
