Colibri California CH 6 Ownership of
Real Property Exam 2025 With 100%
Correct Answers
Estate in land - correct answers ✔✔degree of ownership one holds in the land.
Feudal system - correct answers ✔✔all land was once owned by the king/government
Allodial System (USA) - correct answers ✔✔although the
government detains some rights, individuals own property without proprietary control of
government.
Freehold estate - correct answers ✔✔the estate lasts at least a lifetime; leasehold estate -
renting or leasing.
Types of
freehold: - correct answers ✔✔Fee simple (fee simple absolute), fee simple defeasible, fee tail,
and life estate
Fee Simple (Fee Simple Absolute) - correct answers ✔✔Owns the bundle of rights - unlimited
duration; inheritable.
Fee Simple Defeasible - correct answers ✔✔based on an occurrence of a specified event -
conditions.
Fee Tail - correct answers ✔✔Property that is inherited by a monarch and is illegal in the United
States
, Life Estate - correct answers ✔✔"I rent the property." It is what we think of as "renting" or
"leasing." There is usually a definite ending date. Sometimes, these are referred to as "less than
freehold estates."
Estate in Reversion - correct answers ✔✔A life estate that is deeded to a life tenant - incomplete
bundle of rights during lifetime. Once the life tenant dies, the life estate portion reverts to the
grantor, who once again has the complete bundle of rights.
Grantor - correct answers ✔✔After death of life tenant, this person has
complete bundle of rights.
Estate in Remainder - correct answers ✔✔When the life estate is deeded to a life tenant and
the remainder estate is given to a third party who is known as the remainderman
Pur Autre Vie - correct answers ✔✔When the life tenant has the incomplete bundle of rights
until a third party dies
Involuntary Life Estates - correct answers ✔✔legal life estates or marital right where it is not
possible to sell the property without the consent of the partner, or to own property in one
name only.
Dower - correct answers ✔✔a wife's interest in the husband's property
Curtesy - correct answers ✔✔a husband's interest in a wife's property
Homestead - correct answers ✔✔protection against unsecured debts for the party who did not
sign for the loan
Real Property Exam 2025 With 100%
Correct Answers
Estate in land - correct answers ✔✔degree of ownership one holds in the land.
Feudal system - correct answers ✔✔all land was once owned by the king/government
Allodial System (USA) - correct answers ✔✔although the
government detains some rights, individuals own property without proprietary control of
government.
Freehold estate - correct answers ✔✔the estate lasts at least a lifetime; leasehold estate -
renting or leasing.
Types of
freehold: - correct answers ✔✔Fee simple (fee simple absolute), fee simple defeasible, fee tail,
and life estate
Fee Simple (Fee Simple Absolute) - correct answers ✔✔Owns the bundle of rights - unlimited
duration; inheritable.
Fee Simple Defeasible - correct answers ✔✔based on an occurrence of a specified event -
conditions.
Fee Tail - correct answers ✔✔Property that is inherited by a monarch and is illegal in the United
States
, Life Estate - correct answers ✔✔"I rent the property." It is what we think of as "renting" or
"leasing." There is usually a definite ending date. Sometimes, these are referred to as "less than
freehold estates."
Estate in Reversion - correct answers ✔✔A life estate that is deeded to a life tenant - incomplete
bundle of rights during lifetime. Once the life tenant dies, the life estate portion reverts to the
grantor, who once again has the complete bundle of rights.
Grantor - correct answers ✔✔After death of life tenant, this person has
complete bundle of rights.
Estate in Remainder - correct answers ✔✔When the life estate is deeded to a life tenant and
the remainder estate is given to a third party who is known as the remainderman
Pur Autre Vie - correct answers ✔✔When the life tenant has the incomplete bundle of rights
until a third party dies
Involuntary Life Estates - correct answers ✔✔legal life estates or marital right where it is not
possible to sell the property without the consent of the partner, or to own property in one
name only.
Dower - correct answers ✔✔a wife's interest in the husband's property
Curtesy - correct answers ✔✔a husband's interest in a wife's property
Homestead - correct answers ✔✔protection against unsecured debts for the party who did not
sign for the loan
