Pearson Vue Exam Questions with complete solution

Pearson Vue Exam Questions with complete solution Real property interests include... -Correct Answer-an appurtenance that goes with the land. Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements What is a form of ownership that is restricted to husbands and wives? -Correct Answer-Tenancy by the entirety. Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivor owns the property Divorce would change this ownership to a tenancy in common What would result from a condition in a deed? a. fee simple b. defeasible fee c. chattels real. d. nonfreehold estate -Correct Answer-B. Defeasible Fee Fee simple determinable is a defeasible estate that could be lost lost upon the happening of a specified condition. If a deed specifies that a grant shall be only "for as long as"; or while a property is in a particular use, the length of the estate is really determined by the deed J installed central air-conditioning in his home. the compressor unit, which was located outside the home, would be regarded as what? -Correct Answer-Real property an investor's personal assets could be subject to a creditor's claim in a... -Correct Answer-General Partnership