REE 3043 FINAL EXAM QUESTIONS AND ANSWERS
2026
What are improvements "on" and "to" the land? - Answers - Surface rights
What are rights to minerals, oils, and gas? - Answers - Subsurface rights
What are the rights to air space to height of the tallest man-made improvements and
public fly-over rights? - Answers - Air rights
Refers to land and anything permanently affixed to the land - Answers - Real Property
Refers to all tangabile property - Answers - Personal Property
Refers to something that was once personal property, but has become a part of some
real property - Answers - Fixtures
Owners have the legal right to control entry to their property, to collect damages, and to
use the property as collateral for a loan - Answers - The Right of Exclusive Possession
and Control
Owners have a legal claim to their property without unfounded disturbances from those
claiming defects in the title - Answers - The right of Quiet Enjoyment
Allows owners to transfer ownership to others - Answers - The Right of Disposition
The Physical rights to real estate generally include all of the following excepts: -
Answers - Easement Rights
States which follow the traditional ownership-in-place concept: - Answers - Recognize
the ownership of oil and gas as part of land ownership
Which of the following is not a test of the court used to resolve disputes about fixtures? -
Answers - The Test of Expectation
An owners legal right to control entry to real property and to use the property as
collateral for loans is a part of an owner's right of - Answers - Exclusive possession
An Estate having duration set by private contract is known as? - Answers - Non-freehold
estate
The future interest in an ordinary life estate is called the: - Answers - Remainder
, __________ exist when right of possession transfer with oral instead of written
agreements - Answers - Tenancies at will
If one co-owner dies and that owner's rights become divided among the surviving
partners, rather than passed to their heirs of the deceased, the ownership interest has a
- Answers - Right of Survivorship
A form of ownership of real estates with free simple ownership of individual units, and
ownership as tenants in common areas is termed: - Answers - A Condominium
The right of government to enforce zoning and growth control measures come under the
government's authority known as: - Answers - Police Power
The rights of the utility company to use a particular part of an individual's property for
installation of their utility lines is an example of an easement appurtenant - Answers -
False
- It is an example of easement in growth
If a 20ft wide easement crosses another property allowing the Smiths to gain access to
their otherwise landlocked property, the Smith's have what is termed a servient estate -
Answers - False
- The Smith's hold the Dominant Estate
If Bill verbally gives Eddie the right to fish on Bill's pong. This right is termed a license. -
Answers - True
The physical rights of real estate owners theoretically extend to the center of the Earth
in the shape of an inverted pyramid - Answers - True
All states recognize that oil and gas are personal business property and cannot be
transferred with land ownership transfers. - Answers - False
A party with a determinable fee estate receives, for example, through sale, gift, or will,
an interest in real property that lasts for as long as some stipulation remains satisfied -
Answers - True
Joint tenancy does not include the right of survivorship - Answers - False
Which of the following jurisdictions typically levy real property taxes? - Answers - School
districts
All of the following were taxes in common use in the British colonies of North America
Except? - Answers - The Consumption Tax
Taxes on property, in addition to ad valorem taxes, often used to finance streets,
gutters, sewers, and sidewalks are often temered - Answers - Special assessments
2026
What are improvements "on" and "to" the land? - Answers - Surface rights
What are rights to minerals, oils, and gas? - Answers - Subsurface rights
What are the rights to air space to height of the tallest man-made improvements and
public fly-over rights? - Answers - Air rights
Refers to land and anything permanently affixed to the land - Answers - Real Property
Refers to all tangabile property - Answers - Personal Property
Refers to something that was once personal property, but has become a part of some
real property - Answers - Fixtures
Owners have the legal right to control entry to their property, to collect damages, and to
use the property as collateral for a loan - Answers - The Right of Exclusive Possession
and Control
Owners have a legal claim to their property without unfounded disturbances from those
claiming defects in the title - Answers - The right of Quiet Enjoyment
Allows owners to transfer ownership to others - Answers - The Right of Disposition
The Physical rights to real estate generally include all of the following excepts: -
Answers - Easement Rights
States which follow the traditional ownership-in-place concept: - Answers - Recognize
the ownership of oil and gas as part of land ownership
Which of the following is not a test of the court used to resolve disputes about fixtures? -
Answers - The Test of Expectation
An owners legal right to control entry to real property and to use the property as
collateral for loans is a part of an owner's right of - Answers - Exclusive possession
An Estate having duration set by private contract is known as? - Answers - Non-freehold
estate
The future interest in an ordinary life estate is called the: - Answers - Remainder
, __________ exist when right of possession transfer with oral instead of written
agreements - Answers - Tenancies at will
If one co-owner dies and that owner's rights become divided among the surviving
partners, rather than passed to their heirs of the deceased, the ownership interest has a
- Answers - Right of Survivorship
A form of ownership of real estates with free simple ownership of individual units, and
ownership as tenants in common areas is termed: - Answers - A Condominium
The right of government to enforce zoning and growth control measures come under the
government's authority known as: - Answers - Police Power
The rights of the utility company to use a particular part of an individual's property for
installation of their utility lines is an example of an easement appurtenant - Answers -
False
- It is an example of easement in growth
If a 20ft wide easement crosses another property allowing the Smiths to gain access to
their otherwise landlocked property, the Smith's have what is termed a servient estate -
Answers - False
- The Smith's hold the Dominant Estate
If Bill verbally gives Eddie the right to fish on Bill's pong. This right is termed a license. -
Answers - True
The physical rights of real estate owners theoretically extend to the center of the Earth
in the shape of an inverted pyramid - Answers - True
All states recognize that oil and gas are personal business property and cannot be
transferred with land ownership transfers. - Answers - False
A party with a determinable fee estate receives, for example, through sale, gift, or will,
an interest in real property that lasts for as long as some stipulation remains satisfied -
Answers - True
Joint tenancy does not include the right of survivorship - Answers - False
Which of the following jurisdictions typically levy real property taxes? - Answers - School
districts
All of the following were taxes in common use in the British colonies of North America
Except? - Answers - The Consumption Tax
Taxes on property, in addition to ad valorem taxes, often used to finance streets,
gutters, sewers, and sidewalks are often temered - Answers - Special assessments
