QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GRADED
A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoila
B B B B B B B B B B B B B B B
ge. The coolers would be considered which of the following?
B B B B B B B B B
a) Trade fixtures that are real property.
B B B B B B
b) Trade fixtures that are personal property.
B B B B B B
c) Temporary real property.
B B B
d) Emblements. - ANSWER
B B B b) Trade fixtures that are personal property.
B B B B B B
Property can be converted from real to personal property and from personal property to real
B B B B B B B B B B B B B B B
property by means of which processes respectively?
B B B B B B
a) Assemblage and plottage.
B B B
b) Application and dissolution.
B B B
c) Severance and affixing.
B B B
d) Planting and harvesting. - ANSWER
B B B B B c) Severance and affixing.
B B B
The highest form of ownership interest one can acquire in real estate is the:
B B B B B B B B B B B B B
a) legal life estate.
B B B
b) Conventional life estate.
B B B
c) Defeasible fee simple estate.
B B B B
d) Absolute fee simple estate. - ANSWER
B B B B B B d) Absolute fee simple estate.
B B B B
The distinguishing feature of a defeasible fee simple estate is that:
B B B B B B B B B B
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,a) It could be passed onto heirs.
B B B B B B
b) It has no restrictions on use.
B B B B B B
c) The estate may revert to a grantor or heirs if the prescribed use changes.
B B B B B B B B B B B B B B
d) It is of unlimited duration. -
B B B B B B
B ANSWER c) The estate may revert to a grantor or heirs if the prescribed use changes.
B B B B B B B B B B B B B B
Maria acquires a property from her uncle Alfonso. When Maria dies the estate will pass to Alfo
B B B B B B B B B B B B B B B B
nso's other niece Serena. The type of
B B B B B B B
estate that Maria has in the property is:
B B B B B B B
a) conventional life estate.
B B B
b) Legal life estate.
B B B
c) Fee simple defeasible estate.
B B B B
d) Tenancy by the entirety's. - ANSWER
B B B B B B a) conventional life estate.
B B B
One difference between a cooperative estate and a condominium estate is that:
B B B B B B B B B B B
a) a condominium owner owns a unit of air space whereas the co-
B B B B B B B B B B B B
op owner owns a proprietary lease.
B B B B B
b) A condominium sale adversely affects other unit owners.
B B B B B B B B
c) The co-
B B
op owner owns stock and a freehold real estate interest whereas the condominium owner sim
B B B B B B B B B B B B B B
ply a proprietary lease.
B B B
d) The condominium owner owns the common elements and the air space whereas the co-
B B B B B B B B B B B B B B
op owner only owns the apartment. -
B B B B B B
ANSWER
B a) a condominium owner owns a unit of air space whereas the co- B B B B B B B B B B B B
op owner owns a proprietary lease.
B B B B B
Who are the essential parties involved in an estate and trust?
B B B B B B B B B B
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,a) Owner trustor, and lawyer.
B B B B
b) Owner, trustor, and trustee.
B B B B
c) Trustee, title company, and beneficiary.
B B B B B
d) Trustor, trustee, and beneficiary. - ANSWER
B B B B B B d) Trustor, trustee, and beneficiary.
B B B B
A condominium owner enjoys a:
B B B B
a) share in an association that owns one's apartment.
B B B B B B B B
b) Tenancy in common interest in air space and common areas of the property.
B B B B B B B B B B B B B
c) Fee simple ownership of the airspace in a unit and an undivided share of the entire property
B B B B B B B B B B B B B B B B B
's common areas.
B B
d) The simple ownership of a pro rata share of the entire property. -
B B B B B B B B B B B B B
ANSWER
B c) Fee simple ownership of the airspace in a unit and an undivided share of th
B B B B B B B B B B B B B B B
e entire property's common areas.
B B B B
With various types of junior liens, the order of payment priority is generally established accor
B B B B B B B B B B B B B B
ding to: B
a) the date of recordation.
B B B B
b) What form of tax is in question.
B B B B B B B
c) The order of disbursement.
B B B B
d) Whether the lien was subordinated. - ANSWER
B B B B B B B a) the date of recordation.
B B B B
What is a lien theory state in contrast to a title theory state?
B B B B B B B B B B B B
a) A state in which liens are given priority over other encumbrances
B B B B B B B B B B B
b) A state in which a mortgage retains title to the property when a mortgage lien is created.
B B B B B B B B B B B B B B B B B
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, c) A state in which the holder of a mortgage lien receives title to the mortgage and property u
B B B B B B B B B B B B B B B B B B
ntil the debt is satisfied.
B B B B
d) A state in which liens must be recorded to be enforceable. -
B B B B B B B B B B B B
ANSWER
B b) A state in which a mortgage retains title to the property when a mortgage li
B B B B B B B B B B B B B B B
en is created. B B
A property owner has an easement appurtenant on her property. One day the property is sold
B B B B B B B B B B B B B B B B
to another party who is opposed to the easement. Following the closing, this particular form o
B B B B B B B B B B B B B B B
f easement:
B
a) terminates.
B
b) Transfers with the property.
B B B B
c) Transfers with the owner to a new property.
B B B B B B B B
d) Becomes a license on the property. - ANSWER
B B B B B B B B b) Transfers with the property.
B B B B
What fundamental legal purpose is fulfilled by title records?
B B B B B B B B
a) Keeping the county apprised of tax payments.
B B B B B B B
b) Preventing identity theft.
B B B
c) Giving constructive notice of one's rights and interests in the property.
B B B B B B B B B B B
d) Assembling all relevant documents in a single place. -
B B B B B B B B B
B ANSWER c) Giving constructive notice of one's rights and interests in the property.
B B B B B B B B B B B
What is chain of title? B B B B
a) The list of all parties who have ever owned real estate.
B B B B B B B B B B B
b) The bundle of rights linked to the recorded title to a parcel.
B B B B B B B B B B B B
c) A chronology of successive owners of record of a parcel of real estate.
B B B B B B B B B B B B B
d) Involuntary conveyance of title by statutory roles of descent. -
B B B B B B B B B B
B ANSWER c) A chronology of successive owners of record of a parcel of real estate.
B B B B B B B B B B B B B
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ANSWERS|LATEST 2025/2026|GRADED
A farmer temporarily installs produce coolers in a leased farm stand in order to prevent spoila
B B B B B B B B B B B B B B B
ge. The coolers would be considered which of the following?
B B B B B B B B B
a) Trade fixtures that are real property.
B B B B B B
b) Trade fixtures that are personal property.
B B B B B B
c) Temporary real property.
B B B
d) Emblements. - ANSWER
B B B b) Trade fixtures that are personal property.
B B B B B B
Property can be converted from real to personal property and from personal property to real
B B B B B B B B B B B B B B B
property by means of which processes respectively?
B B B B B B
a) Assemblage and plottage.
B B B
b) Application and dissolution.
B B B
c) Severance and affixing.
B B B
d) Planting and harvesting. - ANSWER
B B B B B c) Severance and affixing.
B B B
The highest form of ownership interest one can acquire in real estate is the:
B B B B B B B B B B B B B
a) legal life estate.
B B B
b) Conventional life estate.
B B B
c) Defeasible fee simple estate.
B B B B
d) Absolute fee simple estate. - ANSWER
B B B B B B d) Absolute fee simple estate.
B B B B
The distinguishing feature of a defeasible fee simple estate is that:
B B B B B B B B B B
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,a) It could be passed onto heirs.
B B B B B B
b) It has no restrictions on use.
B B B B B B
c) The estate may revert to a grantor or heirs if the prescribed use changes.
B B B B B B B B B B B B B B
d) It is of unlimited duration. -
B B B B B B
B ANSWER c) The estate may revert to a grantor or heirs if the prescribed use changes.
B B B B B B B B B B B B B B
Maria acquires a property from her uncle Alfonso. When Maria dies the estate will pass to Alfo
B B B B B B B B B B B B B B B B
nso's other niece Serena. The type of
B B B B B B B
estate that Maria has in the property is:
B B B B B B B
a) conventional life estate.
B B B
b) Legal life estate.
B B B
c) Fee simple defeasible estate.
B B B B
d) Tenancy by the entirety's. - ANSWER
B B B B B B a) conventional life estate.
B B B
One difference between a cooperative estate and a condominium estate is that:
B B B B B B B B B B B
a) a condominium owner owns a unit of air space whereas the co-
B B B B B B B B B B B B
op owner owns a proprietary lease.
B B B B B
b) A condominium sale adversely affects other unit owners.
B B B B B B B B
c) The co-
B B
op owner owns stock and a freehold real estate interest whereas the condominium owner sim
B B B B B B B B B B B B B B
ply a proprietary lease.
B B B
d) The condominium owner owns the common elements and the air space whereas the co-
B B B B B B B B B B B B B B
op owner only owns the apartment. -
B B B B B B
ANSWER
B a) a condominium owner owns a unit of air space whereas the co- B B B B B B B B B B B B
op owner owns a proprietary lease.
B B B B B
Who are the essential parties involved in an estate and trust?
B B B B B B B B B B
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Wicky
,a) Owner trustor, and lawyer.
B B B B
b) Owner, trustor, and trustee.
B B B B
c) Trustee, title company, and beneficiary.
B B B B B
d) Trustor, trustee, and beneficiary. - ANSWER
B B B B B B d) Trustor, trustee, and beneficiary.
B B B B
A condominium owner enjoys a:
B B B B
a) share in an association that owns one's apartment.
B B B B B B B B
b) Tenancy in common interest in air space and common areas of the property.
B B B B B B B B B B B B B
c) Fee simple ownership of the airspace in a unit and an undivided share of the entire property
B B B B B B B B B B B B B B B B B
's common areas.
B B
d) The simple ownership of a pro rata share of the entire property. -
B B B B B B B B B B B B B
ANSWER
B c) Fee simple ownership of the airspace in a unit and an undivided share of th
B B B B B B B B B B B B B B B
e entire property's common areas.
B B B B
With various types of junior liens, the order of payment priority is generally established accor
B B B B B B B B B B B B B B
ding to: B
a) the date of recordation.
B B B B
b) What form of tax is in question.
B B B B B B B
c) The order of disbursement.
B B B B
d) Whether the lien was subordinated. - ANSWER
B B B B B B B a) the date of recordation.
B B B B
What is a lien theory state in contrast to a title theory state?
B B B B B B B B B B B B
a) A state in which liens are given priority over other encumbrances
B B B B B B B B B B B
b) A state in which a mortgage retains title to the property when a mortgage lien is created.
B B B B B B B B B B B B B B B B B
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, c) A state in which the holder of a mortgage lien receives title to the mortgage and property u
B B B B B B B B B B B B B B B B B B
ntil the debt is satisfied.
B B B B
d) A state in which liens must be recorded to be enforceable. -
B B B B B B B B B B B B
ANSWER
B b) A state in which a mortgage retains title to the property when a mortgage li
B B B B B B B B B B B B B B B
en is created. B B
A property owner has an easement appurtenant on her property. One day the property is sold
B B B B B B B B B B B B B B B B
to another party who is opposed to the easement. Following the closing, this particular form o
B B B B B B B B B B B B B B B
f easement:
B
a) terminates.
B
b) Transfers with the property.
B B B B
c) Transfers with the owner to a new property.
B B B B B B B B
d) Becomes a license on the property. - ANSWER
B B B B B B B B b) Transfers with the property.
B B B B
What fundamental legal purpose is fulfilled by title records?
B B B B B B B B
a) Keeping the county apprised of tax payments.
B B B B B B B
b) Preventing identity theft.
B B B
c) Giving constructive notice of one's rights and interests in the property.
B B B B B B B B B B B
d) Assembling all relevant documents in a single place. -
B B B B B B B B B
B ANSWER c) Giving constructive notice of one's rights and interests in the property.
B B B B B B B B B B B
What is chain of title? B B B B
a) The list of all parties who have ever owned real estate.
B B B B B B B B B B B
b) The bundle of rights linked to the recorded title to a parcel.
B B B B B B B B B B B B
c) A chronology of successive owners of record of a parcel of real estate.
B B B B B B B B B B B B B
d) Involuntary conveyance of title by statutory roles of descent. -
B B B B B B B B B B
B ANSWER c) A chronology of successive owners of record of a parcel of real estate.
B B B B B B B B B B B B B
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