NCEES PS Exam with all Correct & 100% Verified Answers
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Bundle of Rights ✔Correct Answer-The general presumption is that the rights you acquire in
an estate extend from the center of the earth to the heavens above. However, the owner may
hold that entire bundle or not. One can only convey the quantity and quality of interest they
have.
Real property is fixed and immovable ✔Correct Answer-Real property
Personal property is consumable ✔Correct Answer-Personal Property
an estate in land that provides the owner with a complete set of legal rights, limited only by the
powers of government ✔Correct Answer-Fee Simple Absolute
an estate that can inherited or divested by will or other document ✔Correct Answer-Fee
not fee tail (a fee tail estate must be inherited by a specific person) ✔Correct Answer-Simple
no limitations on time, estate can continue forever ✔Correct Answer-Absolute
a future event must be met for the estate to continue. There are conditions on the estate
✔Correct Answer-Defeasible fee simple estate
Ownership, possession and control for someone's lifetime ✔Correct Answer-Life Estates
Measured life is other than that of the holder:
"to Jones for the life of Brown and then to Smith in fee simple" ✔Correct Answer-Estate per
Autrie Vie
an interest that one may have in the lands of another ✔Correct Answer-Easements
Allows the dominant estate (the one the easement benefits) to do some physical act over the
servient estate (where the easement is located). ✔Correct Answer-Affirmative Easements
the dominant estate can prevent the servient estate from doing something e.g. scenic views
✔Correct Answer-Negative Easements
"run with the land" and are not terminated by the sale of either the servient or dominant
tenement ✔Correct Answer-Appurtenant Easements
attaches to a person ✔Correct Answer-Easements in Gross
, If a person's actions led someone to believe they had an easement they would be estopped
from denting the use ✔Correct Answer-Easements by estoppel
Prescriptive Easements ✔Correct Answer-Similar to adverse possession. The use is
1. Adverse use without permission
2. Open and notorious
3. Continuous
4. For a specific purpose
5. Lasts for the statutory period
is an agreement between entities to restrict use. Usually within the same subdivision or
complex ✔Correct Answer-Covenant
Areas that use: Chicago, Mass and Minn.
The owner of the title is registered through the land court.Title cannot be acquired through
prescription. ✔Correct Answer-Torrens Title System
Elements of Adverse Rights ✔Correct Answer-1. Actual possession
2. Open Possession
2a. Notorious Possession
4. Claim of title
5. Continuous Possession
6. Hostile Possession
7. Exclusive Possession
That which appears to be good title but which is not title in fact. ✔Correct Answer-Color of
Title
requires delivery of possession. ✔Correct Answer-Feoffment
in front of a witness some symbolic item of the land is delivered ✔Correct Answer-Livery
Seisin
is a conveyance of realty whereby title to real property is transferred from one party to another.
It is the instrument by which title is conveyed. ✔Correct Answer-Deed
Historically was a deed where a conveyance is made free of any covenants. Now there is such a
thing as a Bargain and Sale Deed with Covenants. There is not a personal guaranty of ownership,
there
is a good faith bargain and sale. ✔Correct Answer-Bargain and Sale Deed
|Actual Complete Update |Already Graded A+
Bundle of Rights ✔Correct Answer-The general presumption is that the rights you acquire in
an estate extend from the center of the earth to the heavens above. However, the owner may
hold that entire bundle or not. One can only convey the quantity and quality of interest they
have.
Real property is fixed and immovable ✔Correct Answer-Real property
Personal property is consumable ✔Correct Answer-Personal Property
an estate in land that provides the owner with a complete set of legal rights, limited only by the
powers of government ✔Correct Answer-Fee Simple Absolute
an estate that can inherited or divested by will or other document ✔Correct Answer-Fee
not fee tail (a fee tail estate must be inherited by a specific person) ✔Correct Answer-Simple
no limitations on time, estate can continue forever ✔Correct Answer-Absolute
a future event must be met for the estate to continue. There are conditions on the estate
✔Correct Answer-Defeasible fee simple estate
Ownership, possession and control for someone's lifetime ✔Correct Answer-Life Estates
Measured life is other than that of the holder:
"to Jones for the life of Brown and then to Smith in fee simple" ✔Correct Answer-Estate per
Autrie Vie
an interest that one may have in the lands of another ✔Correct Answer-Easements
Allows the dominant estate (the one the easement benefits) to do some physical act over the
servient estate (where the easement is located). ✔Correct Answer-Affirmative Easements
the dominant estate can prevent the servient estate from doing something e.g. scenic views
✔Correct Answer-Negative Easements
"run with the land" and are not terminated by the sale of either the servient or dominant
tenement ✔Correct Answer-Appurtenant Easements
attaches to a person ✔Correct Answer-Easements in Gross
, If a person's actions led someone to believe they had an easement they would be estopped
from denting the use ✔Correct Answer-Easements by estoppel
Prescriptive Easements ✔Correct Answer-Similar to adverse possession. The use is
1. Adverse use without permission
2. Open and notorious
3. Continuous
4. For a specific purpose
5. Lasts for the statutory period
is an agreement between entities to restrict use. Usually within the same subdivision or
complex ✔Correct Answer-Covenant
Areas that use: Chicago, Mass and Minn.
The owner of the title is registered through the land court.Title cannot be acquired through
prescription. ✔Correct Answer-Torrens Title System
Elements of Adverse Rights ✔Correct Answer-1. Actual possession
2. Open Possession
2a. Notorious Possession
4. Claim of title
5. Continuous Possession
6. Hostile Possession
7. Exclusive Possession
That which appears to be good title but which is not title in fact. ✔Correct Answer-Color of
Title
requires delivery of possession. ✔Correct Answer-Feoffment
in front of a witness some symbolic item of the land is delivered ✔Correct Answer-Livery
Seisin
is a conveyance of realty whereby title to real property is transferred from one party to another.
It is the instrument by which title is conveyed. ✔Correct Answer-Deed
Historically was a deed where a conveyance is made free of any covenants. Now there is such a
thing as a Bargain and Sale Deed with Covenants. There is not a personal guaranty of ownership,
there
is a good faith bargain and sale. ✔Correct Answer-Bargain and Sale Deed
