Maine real estate exam prep()Questions & Answers 100% UPDATED(RATED A+)

All of the following are real property EXCEPT - ANSWERA Portable Basketball hoop A metes and bounds description of real property relies on - ANSWERA point of beginning, measurement of distances, and directions on a compass Fee simple ownership describes - ANSWERCurrent ownership A life estate interest describes - ANSWERFuture ownership Which of the following statements about Susan, the tenant of a life estate, is TRUE? - ANSWERShe may sell her interest to Phillip, who would then hold the life estate until Susan dies Which of the following is NOT and element of the bundle of rights an owner of property in fee simple absolute? - ANSWERThe right to start a foreclosure process One way that an easement in gross is extinguished is when - ANSWERThe party that benefits dies. One way that an appurtenant easement is extinguished when - ANSWERThe dominant and servient tenement merge Jill owns a house at 82 Willow Road. She has young children and wants to build a fence around an area of the backyard. Once it is built the fence becomes part of the real property through - ANSWERAnnexation Lawrence gets behind in his mortgage payments and the lender forecloses on his property. The property is in a state where Lawrence has the right to regain the property within a certain period of time. What is the name of this right? - ANSWERredemption Paul chops down a tree and splits it into firewood. This example of real property being changed into personal property is an illustration of: - ANSWERseverance. The legal tests for determining if an item is a fixture or personal property include all of the following EXCEPT: - ANSWERquiet enjoyment A municipality wants to build a public parking garage on Leila's land. Which of the following statements about the municipality is True? - ANSWERIt may take Leila's property under eminent domain and must pay fair market value to do so. Pablo inherits real property from his mother Juanita. Thirty years ago, Juanita granted an appurtenant easement to the adjacent property allowing access to the lakefront. Which of the following statements is True? - ANSWERPablo cannot stop the neighbor from using the easement to access the lakefront because an appurtenant easement