BARNEY FLETCHER FINAL EXAM
PRACTICE SHELF WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
GRADED A+
Amalia owns property and gladly allows her friend Sophie to use
the land, reserving for herself the right to periodic inspections. In
order to maintain her interest, Amalia should give Sophie:
1. a right of way
2. an easement appurtenant
3. a license
4. an easement in gross Correct Answer A license
An easement appurtenant can be terminated by all of the
following EXCEPT:
1. the owner of the servient tenement, by executing a deed
releasing his easement interest
2. the owner of the dominant tenement, by executing a deed
releasing his easement interest
3. The dominant and servient tenements are merged
4. The owner of the dominant tenement abandons his easement
interest Correct Answer The owner of the servient tenement, by
executing a deed releasing his easement interest
,An offer is made to a seller and the seller makes a counteroffer.
prior to the buyer accepting the counteroffer, the seller receives a
better offer from another prospective buyer. Under these
circumstances, the seller:
1. is bound by the terms of the counteroffer
2. may withdraw the counteroffer
3. should advise the second offeror to wait
4. can accept the second offer without recourse Correct Answer
May withdraw the counteroffer
An owner lists a property with a broker. The broker shows the
property and receives an offer, but is unable to present the offer to
the owner. Two days later, the owner cancels the listing
agreement. What should be done with the earnest money deposit
received with the offer to purchase agreement?
1. returned to the buyer
2. given to the seller
3. split between broker and seller
4. split between broker and buyer Correct Answer Returned to the
buyer
Commercial property includes all but which of the following?
1. restaurants
,2. office buildings
3. vacant land suitable for commercial development
4. horse ranch Correct Answer Horse ranch
David owns property along the banks of the Little Big Horn River.
Scott owns property adjoining David's, and has access to the
highway, but not to the river.Scott and David grant each other
appurtenant easements to cross each others property to get to
the road and the river respectively. The riparian rights associated
with property ownership belong to:
1. Scott, because he has an easement to cross David's land
2. David, because his property borders the river
3. both Scott and David
4. Neither Correct Answer David, because his property borders
the river
Each of the following entities has the power of eminent domain,
EXCEPT:
1. religious schools
2. railroads
3. public utilities
4. school districts Correct Answer Religious schools
, Each of the following is an involuntary method of conveying
property EXCEPT:
1. escheat
2. adverse possession
3. quitclaim deed
4. condemnation Correct Answer Quitclaim deed
Harry sold his riverfront property to Sally, but reserved for himself
an easement whereby for the rest of his life, Harry will have the
right to cross the property to fish from the river. Which of the
following statements is correct about this situation?
1. Sally owns the servient estate
2. Harry owns the dominant estate
3. Sally owns the servient estate and Harry owns the dominant
estate
4. Sally owns the dominant estate and Harry owns the servient
estate Correct Answer Sally owns the servient estate
In a real estate contract, the legal description of the property
describes the:
1. land only
2. land and improvements
3. land, improvements, and all rights pertaining to the land
PRACTICE SHELF WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
GRADED A+
Amalia owns property and gladly allows her friend Sophie to use
the land, reserving for herself the right to periodic inspections. In
order to maintain her interest, Amalia should give Sophie:
1. a right of way
2. an easement appurtenant
3. a license
4. an easement in gross Correct Answer A license
An easement appurtenant can be terminated by all of the
following EXCEPT:
1. the owner of the servient tenement, by executing a deed
releasing his easement interest
2. the owner of the dominant tenement, by executing a deed
releasing his easement interest
3. The dominant and servient tenements are merged
4. The owner of the dominant tenement abandons his easement
interest Correct Answer The owner of the servient tenement, by
executing a deed releasing his easement interest
,An offer is made to a seller and the seller makes a counteroffer.
prior to the buyer accepting the counteroffer, the seller receives a
better offer from another prospective buyer. Under these
circumstances, the seller:
1. is bound by the terms of the counteroffer
2. may withdraw the counteroffer
3. should advise the second offeror to wait
4. can accept the second offer without recourse Correct Answer
May withdraw the counteroffer
An owner lists a property with a broker. The broker shows the
property and receives an offer, but is unable to present the offer to
the owner. Two days later, the owner cancels the listing
agreement. What should be done with the earnest money deposit
received with the offer to purchase agreement?
1. returned to the buyer
2. given to the seller
3. split between broker and seller
4. split between broker and buyer Correct Answer Returned to the
buyer
Commercial property includes all but which of the following?
1. restaurants
,2. office buildings
3. vacant land suitable for commercial development
4. horse ranch Correct Answer Horse ranch
David owns property along the banks of the Little Big Horn River.
Scott owns property adjoining David's, and has access to the
highway, but not to the river.Scott and David grant each other
appurtenant easements to cross each others property to get to
the road and the river respectively. The riparian rights associated
with property ownership belong to:
1. Scott, because he has an easement to cross David's land
2. David, because his property borders the river
3. both Scott and David
4. Neither Correct Answer David, because his property borders
the river
Each of the following entities has the power of eminent domain,
EXCEPT:
1. religious schools
2. railroads
3. public utilities
4. school districts Correct Answer Religious schools
, Each of the following is an involuntary method of conveying
property EXCEPT:
1. escheat
2. adverse possession
3. quitclaim deed
4. condemnation Correct Answer Quitclaim deed
Harry sold his riverfront property to Sally, but reserved for himself
an easement whereby for the rest of his life, Harry will have the
right to cross the property to fish from the river. Which of the
following statements is correct about this situation?
1. Sally owns the servient estate
2. Harry owns the dominant estate
3. Sally owns the servient estate and Harry owns the dominant
estate
4. Sally owns the dominant estate and Harry owns the servient
estate Correct Answer Sally owns the servient estate
In a real estate contract, the legal description of the property
describes the:
1. land only
2. land and improvements
3. land, improvements, and all rights pertaining to the land
