Superior Real Estate School Exam
Questions With Correct Answers
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - CORRECT ANSWER✔✔-D. Scarcity
Under the doctrine of specific performance, the party harmed
by breach of a real estate contract can ask a judge to force the
breaching party to carry out the terms of the contract rather
than order the breaching party to pay monetary damages.
Which physical characteristic of land is the basis for the
doctrine of specific performance?
A. Indestructibility
B. Uniqueness
,C. Immobility
D. Permanence of Investment - CORRECT ANSWER✔✔-B.
Uniqueness
Which of the following is considered to have the greatest
impact on the value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - CORRECT ANSWER✔✔-A. Area Preference
The concept by which land would increase automatically along
a river or stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - CORRECT ANSWER✔✔-A. Accretion
,The owner of a house wants to fence the yard for a dog. When
the fence is erected, the fencing materials are converted to real
estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility - CORRECT ANSWER✔✔-B. Annexation
A deed conveyed ownership to a grantee "so long as the
existing building on the property is not destroyed." Following
the transfer, the original grantor has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the
condition
C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER✔✔-D. Reversionary
Estate
, A woman conveys a life estate to her son-in-law and stipulates
that upon his death the estate will pass to her grandson. The
grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - CORRECT ANSWER✔✔-B.
Estate in Remainder
A person who acquired ownership that can be inherited, with
the provision "that the land must always be used for
recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - CORRECT ANSWER✔✔-B. a
defeasible fee
Questions With Correct Answers
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - CORRECT ANSWER✔✔-D. Scarcity
Under the doctrine of specific performance, the party harmed
by breach of a real estate contract can ask a judge to force the
breaching party to carry out the terms of the contract rather
than order the breaching party to pay monetary damages.
Which physical characteristic of land is the basis for the
doctrine of specific performance?
A. Indestructibility
B. Uniqueness
,C. Immobility
D. Permanence of Investment - CORRECT ANSWER✔✔-B.
Uniqueness
Which of the following is considered to have the greatest
impact on the value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - CORRECT ANSWER✔✔-A. Area Preference
The concept by which land would increase automatically along
a river or stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - CORRECT ANSWER✔✔-A. Accretion
,The owner of a house wants to fence the yard for a dog. When
the fence is erected, the fencing materials are converted to real
estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility - CORRECT ANSWER✔✔-B. Annexation
A deed conveyed ownership to a grantee "so long as the
existing building on the property is not destroyed." Following
the transfer, the original grantor has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the
condition
C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER✔✔-D. Reversionary
Estate
, A woman conveys a life estate to her son-in-law and stipulates
that upon his death the estate will pass to her grandson. The
grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - CORRECT ANSWER✔✔-B.
Estate in Remainder
A person who acquired ownership that can be inherited, with
the provision "that the land must always be used for
recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - CORRECT ANSWER✔✔-B. a
defeasible fee
