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Rockwell Real Estate Questions and Correct
Answers/ Latest Update / Already Graded
What are the two types of Freehold Estates?
Ans: Fee Simple & Life
What are the four types of Leasehold Estates?
Ans: (1) Estate for Years, (2) Estate from Period to Period, (3) Estate at Will,
(4) Estate at Sufferance.
What is the most common type of estate?
Ans: Fee Simple Estate
Fee Simple Absolute
Ans: Title Transfer(deed) conveyed without qualifications or conditions.
Defeasible Fee Estate
Ans: The deed states that the new owner will own the property until or unless
a specified act or event takes place. (qualified fee estate, or a conditional fee
estate)
Fee Simple Determinable
Ans: Automatic forfeiture of title. The act or event prohibited in the deed
occurs, title automatically reverts to the person who imposed the limitation, or to
his heirs. (possibility of reverter)
Condition Subsequent
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Ans: If a prohibited act or event occurs, the person who imposed the limitation
(or his heirs) will regain title only if he takes legal action to do so.
Fee Simple
Ans: A fee simple estate is the highest and most complete form of real property
ownership. It is perpetual, transferable, and inheritable.A fee simple is classified
either as a fee simple absolute or as a defeasible fee estate.
Estate In Land
Ans: A possessory interest, which is an interest in property that includes the
right to possess and occupy the property.
Life Estate
Ans: A life estate is an ownership interest that lasts only as long as a specified
person, the measuring life, lives.
When that person dies, the property reverts to the reversioners or passes to the
remainderman
Measuring Life
Ans: The measuring life is the person upon whose death the life estate will
terminate.It's usually the person who owns the life estate, but not always.
Estate In Reversion
Ans: An estate in reversion is held by the grantor's heirs, who receive the
estate after the end of the measuring life.The heirs are known as reversioners.
Estate In Remainder
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Ans: An estate in remainder is held by a designated third party who receives the
estate after the end of the measuring life.The third party is known as a
remainderman.
Leasehold Estate
Ans: A leasehold estate gives a tenant exclusive possession and use of the
property for a limited period. The tenant does not have title.
Estate For Years
Ans: An estate for years is a lease for a fixed term, which ends automatically
when the term is over.The parties may mutually agree to end the tenancy sooner
by surrender.An estate for years is assignable to a third party.
Periodic Estate
Ans: A periodic estate is not limited to a specific term, but automatically
continues from period to period until one party gives the other proper notice of
termination.
Estate At Will
Ans: An estate at will has no specific term or rental interval.Rent is not paid on
a regular basis, or else it takes some form other than money.A landlord has to
give notice to terminate an estate at will.
Estate At Sufferance
Ans: An estate at sufferance arises when a tenant who lawfully took possession
of the property stays on after the lease ends, without the permission of the
landlord.
Severalty
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Ans: Ownership in severalty is ownership by one individual (either one natural
person or one artificial person).
Concurrent Ownership
Ans: Property is owned concurrently (co-owned) when two or more persons
have undivided interests in it.The forms of concurrent ownership recognized in
Washington are tenancy in common, joint tenancy, and community property.
Tenancy In Common
Ans: In a tenancy in common, the co-tenants' undivided interests may be equal
or unequal.There is no right of survivorship, so a tenant in common's interest may
be willed.
Joint Tenancy
Ans: Joint tenants have equal undivided interests in the property.The key
characteristic of a joint tenancy is the right of survivorship.When a joint tenant
dies, her interest automatically passes to the surviving joint tenants.
Four Unities
Ans: To establish or maintain a joint tenancy, there must be unity of interest,
time, title, and possession.
Unity Of Possession
Ans: Both joint tenancy and tenancy in common involve unity of possession.This
means that all of the co-tenants have a right to possess the entire property.
Community Property
© 2025/ 2026 | ® All rights reserved
Rockwell Real Estate Questions and Correct
Answers/ Latest Update / Already Graded
What are the two types of Freehold Estates?
Ans: Fee Simple & Life
What are the four types of Leasehold Estates?
Ans: (1) Estate for Years, (2) Estate from Period to Period, (3) Estate at Will,
(4) Estate at Sufferance.
What is the most common type of estate?
Ans: Fee Simple Estate
Fee Simple Absolute
Ans: Title Transfer(deed) conveyed without qualifications or conditions.
Defeasible Fee Estate
Ans: The deed states that the new owner will own the property until or unless
a specified act or event takes place. (qualified fee estate, or a conditional fee
estate)
Fee Simple Determinable
Ans: Automatic forfeiture of title. The act or event prohibited in the deed
occurs, title automatically reverts to the person who imposed the limitation, or to
his heirs. (possibility of reverter)
Condition Subsequent
© 2025/ 2026 | ® All rights reserved
, 2 | Page
Ans: If a prohibited act or event occurs, the person who imposed the limitation
(or his heirs) will regain title only if he takes legal action to do so.
Fee Simple
Ans: A fee simple estate is the highest and most complete form of real property
ownership. It is perpetual, transferable, and inheritable.A fee simple is classified
either as a fee simple absolute or as a defeasible fee estate.
Estate In Land
Ans: A possessory interest, which is an interest in property that includes the
right to possess and occupy the property.
Life Estate
Ans: A life estate is an ownership interest that lasts only as long as a specified
person, the measuring life, lives.
When that person dies, the property reverts to the reversioners or passes to the
remainderman
Measuring Life
Ans: The measuring life is the person upon whose death the life estate will
terminate.It's usually the person who owns the life estate, but not always.
Estate In Reversion
Ans: An estate in reversion is held by the grantor's heirs, who receive the
estate after the end of the measuring life.The heirs are known as reversioners.
Estate In Remainder
© 2025/ 2026 | ® All rights reserved
, 3 | Page
Ans: An estate in remainder is held by a designated third party who receives the
estate after the end of the measuring life.The third party is known as a
remainderman.
Leasehold Estate
Ans: A leasehold estate gives a tenant exclusive possession and use of the
property for a limited period. The tenant does not have title.
Estate For Years
Ans: An estate for years is a lease for a fixed term, which ends automatically
when the term is over.The parties may mutually agree to end the tenancy sooner
by surrender.An estate for years is assignable to a third party.
Periodic Estate
Ans: A periodic estate is not limited to a specific term, but automatically
continues from period to period until one party gives the other proper notice of
termination.
Estate At Will
Ans: An estate at will has no specific term or rental interval.Rent is not paid on
a regular basis, or else it takes some form other than money.A landlord has to
give notice to terminate an estate at will.
Estate At Sufferance
Ans: An estate at sufferance arises when a tenant who lawfully took possession
of the property stays on after the lease ends, without the permission of the
landlord.
Severalty
© 2025/ 2026 | ® All rights reserved
, 4 | Page
Ans: Ownership in severalty is ownership by one individual (either one natural
person or one artificial person).
Concurrent Ownership
Ans: Property is owned concurrently (co-owned) when two or more persons
have undivided interests in it.The forms of concurrent ownership recognized in
Washington are tenancy in common, joint tenancy, and community property.
Tenancy In Common
Ans: In a tenancy in common, the co-tenants' undivided interests may be equal
or unequal.There is no right of survivorship, so a tenant in common's interest may
be willed.
Joint Tenancy
Ans: Joint tenants have equal undivided interests in the property.The key
characteristic of a joint tenancy is the right of survivorship.When a joint tenant
dies, her interest automatically passes to the surviving joint tenants.
Four Unities
Ans: To establish or maintain a joint tenancy, there must be unity of interest,
time, title, and possession.
Unity Of Possession
Ans: Both joint tenancy and tenancy in common involve unity of possession.This
means that all of the co-tenants have a right to possess the entire property.
Community Property
© 2025/ 2026 | ® All rights reserved
