NJ Real Estate Broker's Exam 2023/2024 passed

NJ Real Estate Broker's ExamThe right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain (D.) a prescriptive easement - correct answer (A.) An easement in gross Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the parties? (A.) Phil replaces Linda as a joint tenant with 25% interest in the property. (B.) Phil owns a 25% interest as a tenant in common with Mark, Susanne, and George who remain joint tenants with a 75% interest in the property (C.) Phil owns a 25% interest in severalty. Mark, Susanne and George remain joint tenants for a 75% interest in the property. (D.) Phil, Mark, Susanne, and George are now tenants in common, each with a 25% interest in the property. - correct answer (B.) Phil owns a 25% interest as a tenant in common with Mark, Susanne, and George who remain joint tenants with a 75% interest in the property The form of estate which gives an owner the most control over there property is a(n)