Maine Real Estate Practice Exam -1 questions with answers

Maine Real Estate Practice Exam /| /| /| /| /|




#1 questions with answers /| /| /|




All of the following are real property EXCEPT:
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A. a chained link fence enclosing the backyard
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B. the weathervane on top of the barn
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C. the portable basketball hoop in the driveway
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D. an antique chandelier in the dining room - CORRECT ANSWERS
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✔✔C. the portable basketball hoop in the driveway
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A metes and bounds description of real property relies on: -
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CORRECT ANSWERS ✔✔a point of beginning, measurement of /| /| /| /| /| /| /| /|



distances, and directions on a compass. /| /| /| /| /|




Fee simple ownership describes: - CORRECT ANSWERS ✔✔current
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ownership.


A life estate interest describes: - CORRECT ANSWERS ✔✔future
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ownership.


Which of the following statements about Susan, the tenant of a
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life estate, is TRUE? - CORRECT ANSWERS ✔✔She may sell her
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interest to Phillip, who would then hold the life estate until Susan
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dies.

, Which of the following is NOT an element of the bundle of rights of
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an owner of property in fee simple absolute? - CORRECT
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ANSWERS ✔✔the right to start a foreclosure process/| /| /| /| /| /| /|




One way that an easement in gross is extinguished is when: -
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CORRECT ANSWERS ✔✔the party that benefits dies.
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One way that an appurtenant easement is extinguished when: -
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CORRECT ANSWERS ✔✔the dominant and servient tenement
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merge


Jill owns a house at 82 Willow Road. She has young children and
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wants to build a fence around an area of the backyard. Once it is
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built the fence becomes part of the real property through: -
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CORRECT ANSWERS ✔✔annexation. /| /|




Lawrence gets behind in his mortgage payments and the lender
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forecloses on his property. The property is in a state where
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Lawrence has the right to regain the property within a certain
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period of time. What is the name of this right? - CORRECT
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ANSWERS ✔✔redemption /|




Paul chops down a tree and splits it into firewood. This example of
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real property being changed into personal property is an
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illustration of: - CORRECT ANSWERS ✔✔severance. /| /| /| /| /|




The legal tests for determining if an item is a fixture or personal
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property include all of the following EXCEPT: - CORRECT ANSWERS
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✔✔quiet enjoyment. /|