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COLIBRI REAL ESTATE (REAL ESTATE
EXPRESS) FINAL EXAM
PRACTICE QUESTION BANK | 250+
QUESTIONS WITH VERIFIED ANSWERS &
RATIONALES; 2026-2027 EDITION |
GRADED A+ | 100% VERIFIED
SOLUTIONS
## UNIT 1: PROPERTY OWNERSHIP & LAND USE
### Question 1
Which of the following is considered **real property**?
A. A dining table
B. A chandelier permanently installed in the ceiling
C. A stack of lumber in the garage
D. A refrigerator not built into cabinetry
**Correct Answer: B**
**Rationale:** A chandelier permanently installed in the ceiling is a **fixture**—an item that
was once personal property but has been attached to the land or building in such a way that it
becomes part of the real property. The key test for a fixture includes annexation (attachment),
adaptation (suitability to the property's use), and intention of the parties. A dining table, stack of
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lumber, and non-built-in refrigerator remain personal property (chattels) because they are not
permanently attached.
---
### Question 2
A homeowner owns the land and the building but leases the land to a farmer for crop production.
This is an example of:
A. A freehold estate
B. A leasehold estate
C. A life estate
D. A fee simple defeasible estate
**Correct Answer: B**
**Rationale:** When a property owner leases land to another party for a specific purpose (such
as crop production), the farmer holds a **leasehold estate**. A leasehold estate is a non-freehold
estate where the tenant has the right of possession for a specified period but does not own the
property. Freehold estates (fee simple, life estate) involve ownership of the property rather than
mere possession rights.
---
### Question 3
Which form of real property ownership is the **MOST comprehensive**?
A. Defeasible fee estate
B. Fee simple estate
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C. Leasehold estate
D. Life estate
**Correct Answer: B**
**Rationale:** A **fee simple estate** is the highest and most complete form of property
ownership. It grants the owner the full "bundle of rights"—the right to possess, use, transfer,
encumber, and exclude others from the property—without limitation as to duration. A defeasible
fee estate is a fee simple subject to a condition that could terminate the estate. A life estate lasts
only for the lifetime of a measuring life. A leasehold estate is merely a right of possession for a
limited time.
---
### Question 4
Alice conveys a life estate to her youngest daughter Bonnie for as long as her husband Chris
shall live, and then to niece Darlene. Whose life is the **measuring life**?
A. Alice
B. Bonnie
C. Chris
D. Darlene
**Correct Answer: C**
**Rationale:** The **measuring life** is the person whose life determines the duration of a life
estate. In this case, Bonnie's life estate lasts only as long as Chris lives. When Chris dies,
Bonnie's life estate terminates, and the property passes to Darlene (the remainderman). Bonnie's
interest is a "life estate pur autre vie" (for the life of another).
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### Question 5
Which of the following would **terminate an easement**?
A. Abandonment by the dominant tenement
B. Death of the servient owner
C. Sale of the dominant property
D. Lien placed on the property
**Correct Answer: A**
**Rationale:** An easement can be terminated by **abandonment** when the dominant estate
owner ceases use with the intent to abandon. The death of the servient owner does not terminate
an easement because easements run with the land. Sale of the dominant property does not
terminate the easement; it passes with the property. A lien on the property does not affect the
existence of an easement.
---
### Question 6
A buyer told broker Lena that she wants to move to a "Cuban neighborhood." The buyer then
asked if Lena could show her the best home in that area. How should Lena respond?
A. Lena should immediately refer the buyer to another broker.
B. Lena should only show properties in neighborhoods that are predominantly Cuban.
C. Lena should explain that she ethically and legally cannot recommend housing based on
national origin.
D. Lena should ask the buyer to sign a waiver of Fair Housing rights.
**Correct Answer: C**
COLIBRI REAL ESTATE (REAL ESTATE
EXPRESS) FINAL EXAM
PRACTICE QUESTION BANK | 250+
QUESTIONS WITH VERIFIED ANSWERS &
RATIONALES; 2026-2027 EDITION |
GRADED A+ | 100% VERIFIED
SOLUTIONS
## UNIT 1: PROPERTY OWNERSHIP & LAND USE
### Question 1
Which of the following is considered **real property**?
A. A dining table
B. A chandelier permanently installed in the ceiling
C. A stack of lumber in the garage
D. A refrigerator not built into cabinetry
**Correct Answer: B**
**Rationale:** A chandelier permanently installed in the ceiling is a **fixture**—an item that
was once personal property but has been attached to the land or building in such a way that it
becomes part of the real property. The key test for a fixture includes annexation (attachment),
adaptation (suitability to the property's use), and intention of the parties. A dining table, stack of
,Page 2 of 152
lumber, and non-built-in refrigerator remain personal property (chattels) because they are not
permanently attached.
---
### Question 2
A homeowner owns the land and the building but leases the land to a farmer for crop production.
This is an example of:
A. A freehold estate
B. A leasehold estate
C. A life estate
D. A fee simple defeasible estate
**Correct Answer: B**
**Rationale:** When a property owner leases land to another party for a specific purpose (such
as crop production), the farmer holds a **leasehold estate**. A leasehold estate is a non-freehold
estate where the tenant has the right of possession for a specified period but does not own the
property. Freehold estates (fee simple, life estate) involve ownership of the property rather than
mere possession rights.
---
### Question 3
Which form of real property ownership is the **MOST comprehensive**?
A. Defeasible fee estate
B. Fee simple estate
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C. Leasehold estate
D. Life estate
**Correct Answer: B**
**Rationale:** A **fee simple estate** is the highest and most complete form of property
ownership. It grants the owner the full "bundle of rights"—the right to possess, use, transfer,
encumber, and exclude others from the property—without limitation as to duration. A defeasible
fee estate is a fee simple subject to a condition that could terminate the estate. A life estate lasts
only for the lifetime of a measuring life. A leasehold estate is merely a right of possession for a
limited time.
---
### Question 4
Alice conveys a life estate to her youngest daughter Bonnie for as long as her husband Chris
shall live, and then to niece Darlene. Whose life is the **measuring life**?
A. Alice
B. Bonnie
C. Chris
D. Darlene
**Correct Answer: C**
**Rationale:** The **measuring life** is the person whose life determines the duration of a life
estate. In this case, Bonnie's life estate lasts only as long as Chris lives. When Chris dies,
Bonnie's life estate terminates, and the property passes to Darlene (the remainderman). Bonnie's
interest is a "life estate pur autre vie" (for the life of another).
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### Question 5
Which of the following would **terminate an easement**?
A. Abandonment by the dominant tenement
B. Death of the servient owner
C. Sale of the dominant property
D. Lien placed on the property
**Correct Answer: A**
**Rationale:** An easement can be terminated by **abandonment** when the dominant estate
owner ceases use with the intent to abandon. The death of the servient owner does not terminate
an easement because easements run with the land. Sale of the dominant property does not
terminate the easement; it passes with the property. A lien on the property does not affect the
existence of an easement.
---
### Question 6
A buyer told broker Lena that she wants to move to a "Cuban neighborhood." The buyer then
asked if Lena could show her the best home in that area. How should Lena respond?
A. Lena should immediately refer the buyer to another broker.
B. Lena should only show properties in neighborhoods that are predominantly Cuban.
C. Lena should explain that she ethically and legally cannot recommend housing based on
national origin.
D. Lena should ask the buyer to sign a waiver of Fair Housing rights.
**Correct Answer: C**
