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Oregon Real Estate Exam Questions and Verified Solutions 100% Correct Answers Already Graded A+

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Oregon Real Estate Exam Questions and Verified Solutions 100% Correct Answers Already Graded A+

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Oregon Real Estate Exam Questions and
Verified Solutions 100% Correct Answers
Already Graded A+
QUESTIONS AND ANSWERS

When an easement appurtenant exists between two parcels of land that are owned by
different owners:


a. the servient tenement is given the right to cross the land of the dominant tenement.
b. the dominant tenement is burdened by the easement.
c. the servient tenement can revoke the use of the easement by giving proper notice.
d. the dominant tenement is benefited by the easement.. ANSWER -d. the dominant
tenement is benefited by the easement.


A factor that distinguishes a license from an easement is that a license:


a. must be contained in a deed.
b. can be assigned.
c. is a permanent right
d. is revocable. ANSWER -d. is revocable


An __________ is a possessory right or ownership interest in real estate.


a. ad valorem
b. abstract of title
c. fief
d. estate. ANSWER -d. estate

,Jenn Hudson willed a piece of property to Willamette University for so long as the property
was used for educational purposes. Ten years after Jenn's death and the transfer of the
property to the university, the land became very valuable and the university sold the
property to a developer who built an arcade on the property.


Jenn's heirs challenged the legality of the transfer and sued.


As a result, the development company was found to have


a. a fee simple interest in the property.
b. a reversionary interest in the property.
c. a tenancy in common with Hudson's heirs in the property.
d. no interest at all in the property.. ANSWER -d. no interest at all in the property.


Which of the following statements regarding an easement in gross is NOT TRUE?


a. Most easements in gross are usually used by a utility company to install service lines over
private property.
b. An easement in gross has a dominant estate.
c. An easement in gross transfers when an owner of a property sells the property to another.
d. An easement in gross does not have a dominant estate.. ANSWER -b. An easement in
gross has a dominant estate.


Which of the following statements concerning a life estate is false?




a. A person holding a life estate can sell their life estate.
b. A life estate can never extend beyond the life of the life tenant.
c. All conveyances for a life estate have to be in writing to be enforceable.
d. A life estate is a freehold estate.. ANSWER -b. A life estate can never extend beyond the
life of the life tenant.

,Which of the following gives a legal right to use land which belongs to someone else?


1. easement appurtenant
2. easement in gross
3. license
4. mortgage


a. 1 and 2 only
b. 1 only
c. 1, 2, 3, and 4
d. 1, 2, and 3 only. ANSWER -d. 1, 2, and 3 only


The maximum estate that a person can hold in land is called:


a. a fee simple estate.
b. estate in severalty.
c. an estate for years.
d. a life estate.. ANSWER -a. a fee simple estate.


Jennifer holds a life estate in a parcel of property. Jennifer may do all of the following
EXCEPT:


a. sell it.
b. devise it.
c. rent it.
d. mortgage it.. ANSWER -b. devise it.


An estate in real property


A. can exist simultaneously with another person who holds an estate in the same property.

, B. can involve a present or future right of possession.
C. can be of definite, indefinite, or unlimited duration.


a. A only
b. A and B only
c. A, B, and C
d. B and C only. ANSWER -d. B and C only


Which of the following is NOT a characteristic of a fee simple estate?


a. It must be transferable.
b. It must be free of all encumbrances.
c. It is of indefinite duration.
d. It must be inheritable.. ANSWER -b. It must be free of all encumbrances.


Which of the following is a freehold estate?


a. Leasehold estate
b. Estate at will
c. Life estate
d. Estate for years. ANSWER -c. Life estate


To obtain an easement by prescription, the use of the property must be in a manner which
is:


1. open and notorious
2. hostile to the owner
3. continuous for the statutory period of time
4. with the owners passive consent to use

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