Barney Fletcher Principles of Real Estate: Section 2
Study Guide questions with verified answers
Ans✓✓✓ ______ do not create an ownership interest in land, but the
right to use it
Ans✓✓✓ Amalia owns property and gladly allows her friend Sophie to
use the land, reserving for herself the right to periodic inspections. In
order to maintain her interest, Amalia should give Sophie:
A. a license
B. a right of way
C. an easement appurtenant
D. an easement in gross
1970 Ans✓✓✓ Environmental legislation began in earnest at the
federal level in ____ with the passage of the NEPA
40 to 60 Ans✓✓✓ the title searcher begins the examination with the
original source of title, or ___ to ___ years prior depending on local
custom and circumstances
a judgment lien Ans✓✓✓ Which of the following is NOT a specific lien?
A. a recorded property tax lien
B. a mechanic's lien
C. a judgment lien
,D. a mortgage lien
a land trust agreement Ans✓✓✓ can be used to shield the identity of
the property owner(s)
abstract of title Ans✓✓✓ a condensed history of title which shows the
original owner of the land and all subsequent transfers of any type as
well as any encumbrances which might affect title
abstract of title Ans✓✓✓ a condensed history or summary of the
documents affecting a property
accretion Ans✓✓✓ when soil is washed from one owner's property to
another's property
Acknowledgement Ans✓✓✓ When the grantor of a deed swears that
he is conveying title of his own free will, his action is referred to as:
administrator Ans✓✓✓ a person appointed by the court to carry out
the terms of the will in the event there is no executor, or to oversee the
distribution of assets of a person who dies intestate
adverse possession Ans✓✓✓ The creation of an easement by
prescription is most similar to?
A. adverse possession
,B. unlawful detainer action
C. accretion
D. police power
agreement Ans✓✓✓ If easements exist pursuant to ______, the
easement must be in writing because the statute of frauds requires that
conveyances of interests in land be in writing
alienation Ans✓✓✓ a term referring to any type of transfer of
ownership of real property
alienation Ans✓✓✓ to sell or convey title to property (conveyance of
property)
All joint tenants must be names at the same time; New names may not
be added later; If joint tenants wish to expand, they must create a new
joint tenancy with all new/current names Ans✓✓✓ Explain 'Unity of
time' in joint estates
all joint tenants own one single interest together, equally Ans✓✓✓
Explain 'Unity of Interest' in joint estates
all owners of property affected by the restrictive covenants Ans✓✓✓
enforcement of deed restrictions is the responsibility of _____
, an attorney Ans✓✓✓ Any transaction involving a defeasible fee should
be referred to ______
attachment liens Ans✓✓✓ the result of a legal process involving the
seizure of a defendant's real and personal property and holding it in the
custody of the court as security, while a lawsuit is being decided
automatically becomes liable as a general partner Ans✓✓✓ What
happens when a limited partner takes part in the control of the
business?
avulsion Ans✓✓✓ while erosion is generally slow, _______ is the
sudden removal of large amounts of soil by an act of nature such as an
earthquake or a mudslide.
bargain and sale deed; seisin Ans✓✓✓ _______: deed/conveyance by
which the grantor conveys property but foes not agree to warrant or
defend the title in any way. However, the grantor implies that the title
he is transferring is valid by his actions, thereby implying the warranty
of _______
bequest Ans✓✓✓ a gift of personal property by will
both a statutory lien and an involuntary lien Ans✓✓✓ A lien that is
established by the state legislature is
Study Guide questions with verified answers
Ans✓✓✓ ______ do not create an ownership interest in land, but the
right to use it
Ans✓✓✓ Amalia owns property and gladly allows her friend Sophie to
use the land, reserving for herself the right to periodic inspections. In
order to maintain her interest, Amalia should give Sophie:
A. a license
B. a right of way
C. an easement appurtenant
D. an easement in gross
1970 Ans✓✓✓ Environmental legislation began in earnest at the
federal level in ____ with the passage of the NEPA
40 to 60 Ans✓✓✓ the title searcher begins the examination with the
original source of title, or ___ to ___ years prior depending on local
custom and circumstances
a judgment lien Ans✓✓✓ Which of the following is NOT a specific lien?
A. a recorded property tax lien
B. a mechanic's lien
C. a judgment lien
,D. a mortgage lien
a land trust agreement Ans✓✓✓ can be used to shield the identity of
the property owner(s)
abstract of title Ans✓✓✓ a condensed history of title which shows the
original owner of the land and all subsequent transfers of any type as
well as any encumbrances which might affect title
abstract of title Ans✓✓✓ a condensed history or summary of the
documents affecting a property
accretion Ans✓✓✓ when soil is washed from one owner's property to
another's property
Acknowledgement Ans✓✓✓ When the grantor of a deed swears that
he is conveying title of his own free will, his action is referred to as:
administrator Ans✓✓✓ a person appointed by the court to carry out
the terms of the will in the event there is no executor, or to oversee the
distribution of assets of a person who dies intestate
adverse possession Ans✓✓✓ The creation of an easement by
prescription is most similar to?
A. adverse possession
,B. unlawful detainer action
C. accretion
D. police power
agreement Ans✓✓✓ If easements exist pursuant to ______, the
easement must be in writing because the statute of frauds requires that
conveyances of interests in land be in writing
alienation Ans✓✓✓ a term referring to any type of transfer of
ownership of real property
alienation Ans✓✓✓ to sell or convey title to property (conveyance of
property)
All joint tenants must be names at the same time; New names may not
be added later; If joint tenants wish to expand, they must create a new
joint tenancy with all new/current names Ans✓✓✓ Explain 'Unity of
time' in joint estates
all joint tenants own one single interest together, equally Ans✓✓✓
Explain 'Unity of Interest' in joint estates
all owners of property affected by the restrictive covenants Ans✓✓✓
enforcement of deed restrictions is the responsibility of _____
, an attorney Ans✓✓✓ Any transaction involving a defeasible fee should
be referred to ______
attachment liens Ans✓✓✓ the result of a legal process involving the
seizure of a defendant's real and personal property and holding it in the
custody of the court as security, while a lawsuit is being decided
automatically becomes liable as a general partner Ans✓✓✓ What
happens when a limited partner takes part in the control of the
business?
avulsion Ans✓✓✓ while erosion is generally slow, _______ is the
sudden removal of large amounts of soil by an act of nature such as an
earthquake or a mudslide.
bargain and sale deed; seisin Ans✓✓✓ _______: deed/conveyance by
which the grantor conveys property but foes not agree to warrant or
defend the title in any way. However, the grantor implies that the title
he is transferring is valid by his actions, thereby implying the warranty
of _______
bequest Ans✓✓✓ a gift of personal property by will
both a statutory lien and an involuntary lien Ans✓✓✓ A lien that is
established by the state legislature is
