COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
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All of the following estates include legal title to real property, EXCEPT:
(a) Tenancy for years
(b) Fee simple estate
(c) Life estate
(d) Tenancy by the entireties - (a) Tenancy for years
Florida timeshare projects are regulated by which organization?
(a) Florida Real Estate Commission
(b) Department of Community Affairs
(c) Division of Florida Condominiums, Timeshares and Mobile Homes
,(d) Department of Housing and Urban Development - c) Division of Florida
Condominiums, Timeshares and Mobile Homes
Able, who holds title in fee simple, deeds land to Baker to enjoy until his death. At
that time, Charlie is to receive title to the land. Baker's interest in the land is
known as which of the following?
(a) Fee simple estate
(b) Life estate
(c) Remainder estate
(d) Estate for years - (b) Life estate
Able, who holds title in fee simple, deeds land to Baker to enjoy until his death.
Upon Baker's death, Charlie is to receive title to the land. Charlie's interest in the
land is which of the following?
(a) Reversion estate
(b) Remainder estate
(c) Estate for years
(d) Joint estate - (b) Remainder estate
What rights allow a property owner to have reasonable use of water flowing over
or through his or her land?
, (a) Riparian
(b) Littoral
(c) Flowage
(d) Aquifer - (a) Riparian
A potential purchaser of a new timeshare can cancel the contract without penalty
within how many days?
(a) 10
(b) 20
(c) 30
(d) 40 - (a) 10
Which statement best describes a tenancy at sufferance?
(a) The tenant suffers from the landlord's failure to maintain the property.
(b) The landlord suffers from the tenant's failure to pay rent.