Comprehensive Study 1 Up to Date Content
National Real Estate Exam: Pearson
Vue Latest Questions and Graded
Answers
Maria acquires a property from her uncle Alfonso. When
Maria dies, the estate will pass to Alfonso's other niece
Serena. The type of estate that Maria has in the property is:
A. conventional life estate
B. legal life estate
C. fee simple defeasible estate
D. tenancy by the entireties
Ans: conventional life estate
One difference between a cooperative estate and a
condominium estate is that:
A. a condo owner owns a unit of air space whereas the coop
owner owns a proprietary lease
B. a condo sale adversely affects the other units
C. the coop owner owns stock and a freehold estate interest
whereas the condo owner simply a proprietary lease
D. the condo owner owns the common elements and the
airspace whereas the coop owner only owns the apartment
Ans: a condo owner owns a unit of air space whereas
the coop owner owns a proprietary lease
With various types of junior liens, the order of payment
priority is generally established according to:
A. the date of recordation
Up to Date Content
, Comprehensive Study 2 Up to Date Content
B. what form of tax is in question
C. the order of disbursement
D. whether the lien was subordinated
Ans: the date of recordation
What is a lien theory state in contrast to a title theory state?
A.a state in which liens are given priority over other
encumbrances
B. a state in which a mortgagor retains title to the property
when a mortgage lien is created
C. a state in which the holder of a mortgage lien is receives
total to the mortgaged property until the debt is satisfied
D. a state in which liens must be recorded to be enforceable
Ans: a state in which a mortgagor retains title to the
property when a mortgage lien is created
A property owner has an easement appurtenant on her
property. One day the property is sold to another party who
is opposed to the easement. Following the closing, this
particular form of easement:
A. terminates
B. transfers with the property
C. transfers with the owner to a new property
D. becomes a license on the property
Ans: transfers with the property
Which of the following provides the strongest evidence of
marketable title?
Up to Date Content
National Real Estate Exam: Pearson
Vue Latest Questions and Graded
Answers
Maria acquires a property from her uncle Alfonso. When
Maria dies, the estate will pass to Alfonso's other niece
Serena. The type of estate that Maria has in the property is:
A. conventional life estate
B. legal life estate
C. fee simple defeasible estate
D. tenancy by the entireties
Ans: conventional life estate
One difference between a cooperative estate and a
condominium estate is that:
A. a condo owner owns a unit of air space whereas the coop
owner owns a proprietary lease
B. a condo sale adversely affects the other units
C. the coop owner owns stock and a freehold estate interest
whereas the condo owner simply a proprietary lease
D. the condo owner owns the common elements and the
airspace whereas the coop owner only owns the apartment
Ans: a condo owner owns a unit of air space whereas
the coop owner owns a proprietary lease
With various types of junior liens, the order of payment
priority is generally established according to:
A. the date of recordation
Up to Date Content
, Comprehensive Study 2 Up to Date Content
B. what form of tax is in question
C. the order of disbursement
D. whether the lien was subordinated
Ans: the date of recordation
What is a lien theory state in contrast to a title theory state?
A.a state in which liens are given priority over other
encumbrances
B. a state in which a mortgagor retains title to the property
when a mortgage lien is created
C. a state in which the holder of a mortgage lien is receives
total to the mortgaged property until the debt is satisfied
D. a state in which liens must be recorded to be enforceable
Ans: a state in which a mortgagor retains title to the
property when a mortgage lien is created
A property owner has an easement appurtenant on her
property. One day the property is sold to another party who
is opposed to the easement. Following the closing, this
particular form of easement:
A. terminates
B. transfers with the property
C. transfers with the owner to a new property
D. becomes a license on the property
Ans: transfers with the property
Which of the following provides the strongest evidence of
marketable title?
Up to Date Content
