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National Real Estate Exam Prep Practice Questions and answers 2025 latest update Qs Condemnation - n Ans The PROCESS of the government taking a property by eminent domain. Qs Escheat - n Ans The state takes property upon an owners death if there is

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National Real Estate Exam Prep Practice Questions and answers 2025 latest update Qs Condemnation - n Ans The PROCESS of the government taking a property by eminent domain. Qs Escheat - n Ans The state takes property upon an owners death if there is no will & no heirs exist. Qs Adverse Possession - n Ans A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. Qs Abstract of Title - n Ans A complete history of ownership.

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Institution
National Real uestions
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National Real uestions

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Uploaded on
June 13, 2025
Number of pages
22
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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National Real Estate Exam Prep
Practice Questions and answers 2025
latest update


Qs
Condemnation - n
Ans✔
The PROCESS of the government taking a property by eminent domain.


Qs
Escheat - n
Ans✔
The state takes property upon an owners death if there is no will & no heirs exist.


Qs
Adverse Possession - n
Ans✔
A person takes possession & use of a property belonging to another. Possession
must be open, notorious, hostile & uninterrupted for a certain period of time.


Qs
Abstract of Title - n
Ans✔
A complete history of ownership.


Qs
Encumbrance - n
Ans✔

,A claim or liability that attaches to the land & is held by one who is NOT the fee
owner.


Qs
Examples of Specific Liens - n
Ans✔
real estate taxes, mortgages, mechanics liens


Qs
Easement - n
Ans✔
Right to use a property for a specific use


Qs
Easement in Gross - n
Ans✔
An entity's personal right to use property. The receiver DOES NOT own the adjoining
property. Example: utility easement


Qs
Easement Appurtenant - n
Ans✔
Runs with the land.


Qs
Easement by Necessity - n
Ans✔
Created when no other access to land exists...right of ingress & egress


Qs

, Easement by Prescription - n
Ans✔
Created through continual use over a certain period of time. It must be continual,
visible, & w/o approval. Example - a private road becomes public.


Qs
License - n
Ans✔
A privilege granted to an individual for a specific purpose. It is NOT assignable to
others.


Qs
Accretion - n
Ans✔
Physical addition to the land by natural forces.


Qs
Alluvium (also Alluvion) - n
Ans✔
The soil on a shore or bank of a river


Qs
Lis Pendens - n
Ans✔
A pending notice of a lawsuit giving notice of a possible claim to the property


Qs
Writ of Attachment - n
Ans✔
A document filed during a lawsuit that prevents a debtor from conveying the
property
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