California Real Estate Principles Exam Questions and Answers

California Real Estate Principles Exam Questions and Answers (3) 1. A fee simple estate and life estate are a. freehold estates b. fee simple estates c. leasehold estates d. estates of tenancy - Answer-freehold estates (3) 2. The highest form of ownership is the a. life estate b. real estate syndicate c. fee simple absolute d. estate at will - Answer-fee simple absolute (3) 3. Victor and Karen are not married but together own community property because they are a. brother and sister b. joint tenants c. registered domestic partners d. holders of a life estate - Answer-registered domestic partners (3) 4. A fee simple estate that may be lost when some act is performed is a a. life estate b. fees simple absolute c. remainder d. fee simple on condition subsequent - Answer-fee simple on condition subsequent (3) 5. A fee simple estate that has no conditions is a a. life estate b. remainder c. fee simple on condition subsequent d. fee simple absolute - Answer-fee simple absolute (3) 6. If Greenacre is deeded by Lou to Mary for Mary's life, Mary has a. a life estate b. an estate in remainder c. an estate in reversion d. no interest - Answer-a life estate (3) 7. If Greenacre is deeded by Lou to Mary for Mary's life, Lou has