Real Estate Final (Test Bank) Actual Exam
With Questions And Correct Verified Answers
An easement is the right to use land for a specific and limited
purpose. Which of the following easements involves a relationship
between two parcels of land, is a permanent feature of both parcels
involved, and gives the dominant parcel some intrusive use of the
servient parcel?
A. Affirmative easement appurtenant
B. Negative easement appurtenant
C. Easement in gross
D. License -Answer:-Affirmative easement
Which of the following is an example of a negative easement
appurtenant?
A. A driveway easement across one parcel to another.
B. Rights-of-way for roads.
C. A common drive easement where owners of adjoining lots must
permit each other to use a driveway lying on their shaped property
line.
,D. A scenic easement used to restrict construction on adjacent
parcels so as to preserve a valued view. -Answer:-D. A scenic
easement used to restrict construction on adjacent parcels so as to
preserve a valued view.
An important distinction both practically and conceptually is the
difference between an easement and a license. All of the following
characteristics pertain to a license EXCEPT:
A. A license is revocable by the grantor.
B. A license can be granted orally.
C. A license is enduring.
D. A license grants permission to use another's land for a specific
and limited purpose. -Answer:-C. A license is enduring.
. A lien is an interest in real property that serves as security for an
obligation. Which of the following is an example of a general lien?
A. Property tax and assessment lien
,B. Mortgage lien
C. Lien arising from a court judgment unrelated to ownership of the
property
D. Mechanics' lien -Answer:-Lien arising from a court judgment
unrelated to ownership of the property
Which of the following types of liens is automatically superior to any
other lien?
A. Property tax and assessment lien
B. Mortgage lien
C. Lien arising from a court judgment unrelated to ownership of the
property
D. Mechanics' lien -Answer:-Property tax and assessment lien
Co-ownership can occur in a variety of ways, with significant
variation in how the bundle of rights is jointly held. All of the
following entities are forms of direct co-ownership
EXCEPT:
, A. Tenancy in common
B. Tenancy by the entirety
C. Condominium
D. Partnership -Answer:-D. Partnership
Direct co-ownership implies that each co-owner holds a titled
interest in the property, but without exclusive possession with
respect to the other co-owners. Which of the following types of
direct co-ownership is considered the closest to the fee simple
absolute estate?
A. Tenancy in common
B. Tenancy by the entirety
C. Condominium
D. Tenancy at Will -Answer:-A. Tenancy in common
Which of the following types of direct co-ownership is a form of joint
tenancy for husband and wife created by marriage that protects
each spouse from liens arising from either spouse alone?
A. Tenancy in common
With Questions And Correct Verified Answers
An easement is the right to use land for a specific and limited
purpose. Which of the following easements involves a relationship
between two parcels of land, is a permanent feature of both parcels
involved, and gives the dominant parcel some intrusive use of the
servient parcel?
A. Affirmative easement appurtenant
B. Negative easement appurtenant
C. Easement in gross
D. License -Answer:-Affirmative easement
Which of the following is an example of a negative easement
appurtenant?
A. A driveway easement across one parcel to another.
B. Rights-of-way for roads.
C. A common drive easement where owners of adjoining lots must
permit each other to use a driveway lying on their shaped property
line.
,D. A scenic easement used to restrict construction on adjacent
parcels so as to preserve a valued view. -Answer:-D. A scenic
easement used to restrict construction on adjacent parcels so as to
preserve a valued view.
An important distinction both practically and conceptually is the
difference between an easement and a license. All of the following
characteristics pertain to a license EXCEPT:
A. A license is revocable by the grantor.
B. A license can be granted orally.
C. A license is enduring.
D. A license grants permission to use another's land for a specific
and limited purpose. -Answer:-C. A license is enduring.
. A lien is an interest in real property that serves as security for an
obligation. Which of the following is an example of a general lien?
A. Property tax and assessment lien
,B. Mortgage lien
C. Lien arising from a court judgment unrelated to ownership of the
property
D. Mechanics' lien -Answer:-Lien arising from a court judgment
unrelated to ownership of the property
Which of the following types of liens is automatically superior to any
other lien?
A. Property tax and assessment lien
B. Mortgage lien
C. Lien arising from a court judgment unrelated to ownership of the
property
D. Mechanics' lien -Answer:-Property tax and assessment lien
Co-ownership can occur in a variety of ways, with significant
variation in how the bundle of rights is jointly held. All of the
following entities are forms of direct co-ownership
EXCEPT:
, A. Tenancy in common
B. Tenancy by the entirety
C. Condominium
D. Partnership -Answer:-D. Partnership
Direct co-ownership implies that each co-owner holds a titled
interest in the property, but without exclusive possession with
respect to the other co-owners. Which of the following types of
direct co-ownership is considered the closest to the fee simple
absolute estate?
A. Tenancy in common
B. Tenancy by the entirety
C. Condominium
D. Tenancy at Will -Answer:-A. Tenancy in common
Which of the following types of direct co-ownership is a form of joint
tenancy for husband and wife created by marriage that protects
each spouse from liens arising from either spouse alone?
A. Tenancy in common
