SUPERIOR SCHOOL OF REAL ESTATE FINAL EXAM
QUESTIONS WITH 100% CORRECT ANSWERS
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity -
E.
F. Answer-D. Scarcity
Under the doctrine of specific performance, the party harmed by breach of a
real estate contract can ask a judge to force the breaching party to carry out
the terms of the contract rather than order the breaching party to pay
monetary damages. Which physical characteristic of land is the basis for the
doctrine of specific performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment -
E.
F. Answer-B. Uniqueness
Which of the following is considered to have the greatest impact on the value
of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness -
E.
F. Answer-A. Area Preference
The concept by which land would increase automatically along a river or
stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction -
E.
,F. Answer-A. Accretion
The owner of a house wants to fence the yard for a dog. When the fence is
erected, the fencing materials are converted to real estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility -
E.
F. Answer-B. Annexation
,A deed conveyed ownership to a grantee "so long as the existing building on
the property is not destroyed." Following the transfer, the original grantor
has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate -
E.
F. Answer-D. Reversionary Estate
A woman conveys a life estate to her son-in-law and stipulates that upon his
death the estate will pass to her grandson. The grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another -
E.
F. Answer-B. Estate in Remainder
A person who acquired ownership that can be inherited, with the provision
"that the land must always be used for recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold -
E.
F. Answer-B. a defeasible fee
A brother and sister bought a commercial building and took title as joint
tenants with right of survivorship. The brother died. The sister now owns the
building:
A. as a joint tenant with right of survivorship with her brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remainder interests -
E.
F. Answer-B. in severalty
Co-owners of a fee simple interest in a small office building are neither related
to nor a creditor to each other. One owner dies intestate. The surviving owner
, would become the sole owner of the property under which of the following
rights?
A. adverse possession
B. reversionary interest
C. survivorship
D. foreclosure -
E.
F. Answer-C. survivorship
Three joint tenants with rights of survivorship own a parcel of land. One
owner sells his interest to a long-time friend. After the conveyance, the
remaining original owners:
QUESTIONS WITH 100% CORRECT ANSWERS
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity -
E.
F. Answer-D. Scarcity
Under the doctrine of specific performance, the party harmed by breach of a
real estate contract can ask a judge to force the breaching party to carry out
the terms of the contract rather than order the breaching party to pay
monetary damages. Which physical characteristic of land is the basis for the
doctrine of specific performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment -
E.
F. Answer-B. Uniqueness
Which of the following is considered to have the greatest impact on the value
of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness -
E.
F. Answer-A. Area Preference
The concept by which land would increase automatically along a river or
stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction -
E.
,F. Answer-A. Accretion
The owner of a house wants to fence the yard for a dog. When the fence is
erected, the fencing materials are converted to real estate by:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility -
E.
F. Answer-B. Annexation
,A deed conveyed ownership to a grantee "so long as the existing building on
the property is not destroyed." Following the transfer, the original grantor
has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate -
E.
F. Answer-D. Reversionary Estate
A woman conveys a life estate to her son-in-law and stipulates that upon his
death the estate will pass to her grandson. The grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another -
E.
F. Answer-B. Estate in Remainder
A person who acquired ownership that can be inherited, with the provision
"that the land must always be used for recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold -
E.
F. Answer-B. a defeasible fee
A brother and sister bought a commercial building and took title as joint
tenants with right of survivorship. The brother died. The sister now owns the
building:
A. as a joint tenant with right of survivorship with her brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remainder interests -
E.
F. Answer-B. in severalty
Co-owners of a fee simple interest in a small office building are neither related
to nor a creditor to each other. One owner dies intestate. The surviving owner
, would become the sole owner of the property under which of the following
rights?
A. adverse possession
B. reversionary interest
C. survivorship
D. foreclosure -
E.
F. Answer-C. survivorship
Three joint tenants with rights of survivorship own a parcel of land. One
owner sells his interest to a long-time friend. After the conveyance, the
remaining original owners:
