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Exam (elaborations)

CT Real Estate Exam Questions and Answers 100% Pass

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CT Real Estate Exam Questions and Answers 100% Pass Deed vs Bill of Sale - -Deed is receipt for Real Property -Bill of Sale is for Personal Property Real Estate vs Property - Both include land + improvements, real property includes benefits and interests Estate Time - how long you own it -Forever, freehold (fee simple) -Lifetime (ordinary) -<Lifetime (Leasehold) Fee simple - highest type of interest in real estate recognized by law. the owner is entitled to all rights in the property Freehold Estate - An estate in land in which ownership is for an indeterminate length of time, in contrast to a leasehold estate. -May be defeasible with special limitations or conditional provisions 2Brittie Donald, All Rights Reserved © 2025 Life Estate - An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons. Pur Autre Vie - "For the life of another." A life estate pur autre vie is a life estate that is measured by the life of a person other than the grantee Dower vs Curtesy - Dower -husbands life estate from deceased wife Curtesy -wife's life estate from deceased husband Homestead - a family home and its surrounding lands Lease vs Rental - Rental is <= 2 yrs, lease > 2 yrs What Areas of R.E. Specialization need a License? - -Brokerage -Broker -Salesperson -Property Manager -Developer -Appraiser -Home Inspector 3Brittie Donald, All Rights Reserved © 2025 Encumbrances - A charge, claim, or liability that attaches to and is binding on real estate -unless cleared prior to sale, it continues in effect -Types: --Deed restrictions --Easements --Encroachments Lien - A charge against property that provides security for a debt or an obligation of the property owner. Specific vs General Lien - specific - relates to specific property general - relates to all of the debtors property Easement - right required by one party to use land of ano

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Institution
CT Real Estate
Course
CT Real Estate

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Uploaded on
February 2, 2025
Number of pages
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Written in
2024/2025
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CT Real Estate Exam Questions and
Answers 100% Pass

Deed vs Bill of Sale - ✔✔-Deed is receipt for Real Property


-Bill of Sale is for Personal Property


Real Estate vs Property - ✔✔Both include land + improvements, real property

includes benefits and interests


Estate Time - ✔✔how long you own it


-Forever, freehold (fee simple)


-Lifetime (ordinary)


-<Lifetime (Leasehold)


Fee simple - ✔✔highest type of interest in real estate recognized by law. the owner is

entitled to all rights in the property


Freehold Estate - ✔✔An estate in land in which ownership is for an indeterminate

length of time, in contrast to a leasehold estate.


-May be defeasible with special limitations or conditional provisions




Brittie Donald, All Rights Reserved © 2025 1

,Life Estate - ✔✔An interest in real or personal property that is limited in duration to

the lifetime of its owner or some other designated person or persons.


Pur Autre Vie - ✔✔"For the life of another." A life estate pur autre vie is a life estate

that is measured by the life of a person other than the grantee


Dower vs Curtesy - ✔✔Dower


-husbands life estate from deceased wife


Curtesy


-wife's life estate from deceased husband


Homestead - ✔✔a family home and its surrounding lands


Lease vs Rental - ✔✔Rental is <= 2 yrs, lease > 2 yrs


What Areas of R.E. Specialization need a License? - ✔✔-Brokerage


-Broker


-Salesperson


-Property Manager


-Developer


-Appraiser


-Home Inspector




Brittie Donald, All Rights Reserved © 2025 2

, Encumbrances - ✔✔A charge, claim, or liability that attaches to and is binding on real

estate


-unless cleared prior to sale, it continues in effect


-Types:


--Deed restrictions


--Easements


--Encroachments


Lien - ✔✔A charge against property that provides security for a debt or an obligation

of the property owner.


Specific vs General Lien - ✔✔specific - relates to specific property


general - relates to all of the debtors property


Easement - ✔✔right required by one party to use land of another for specific purpose


Easement Appurtenant - ✔✔Easement annexed to ownership & "run with the land".

An easement created to benefit adjacent land. Tract over which easement runs is

called servient tenement, tract that benefits is called dominant tenement


Easement in Gross - ✔✔mere personal interest or right to use land of another, no

dominant tenement, just servient


-i.e. utilities



Brittie Donald, All Rights Reserved © 2025 3

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