NEW JERSEY PRACTICE EXAM | NJ TITLE FINAL EXAM | TITLE
New Jersey Practice Exam
INSURANCE TEST BANK NJ | ALL QUESTIONS AND CORRECT
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ANSWERS | VERIFIED ANSWERS | LATEST VERSION 2025 | GRADED
A+1. A farmer temporarily installs produce coolers in a Trade fixtures that are per-
leased farm stand in order to prevent spoilage. sonal property.
The coolers would be considered which of the follow-
ing?
a. Trade fixtures that are real property.
b. Trade fixtures that are personal property.
c. Temporary real property.
d. Emblements.
2. Property can be converted from real to personal prop- Severance and affixing.
erty and from personal property to real property by
means of which processes, respectively?
a. Assemblage and plottage.
b. Application and dissolution.
c. Severance and affixing.
d. Planting and harvesting.
3. The highest form of ownership interest one can ac- absolute fee simple es-
quire in real estate is the tate.
a. legal life estate.
b. conventional life estate.
c. defeasible fee simple estate.
d. absolute fee simple estate.
4. The distinguishing feature of a defeasible fee simple the estate may revert to a
estate is that grantor or heirs if the pre-
scribed use changes.
a. it can be passed on to heirs.
b. it has no restrictions on use.
c. the estate may revert to a grantor or heirs if the
, New Jersey Practice Exam
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prescribed use changes.
d. it is of unlimited duration.
5. Maria acquires a property from her uncle Alfonso. conventional life estate.
When Maria dies, the estate will pass to Alfonso's oth-
er niece, Serena. The type of estate that Maria has in
the property is a
a. conventional life estate.
b. legal life estate.
c. fee simple defeasible estate.
d. tenancy by the entireties.
6. One difference between a cooperative estate and a a condominium owner
condominium estate is that owns a unit of air space
whereas the co-op owner
a. a condominium owner owns a unit of air space owns a proprietary lease.
whereas the co-op owner owns a proprietary lease.
b. a condominium sale adversely affects other unit
owners.
c. the coop owner owns stock and a freehold real es-
tate interest whereas the condominium owner simply
a proprietary lease.
d. the condominium owner owns the common ele-
ments and the airspace whereas the coop owner only
owns the apartment.
7. Who are the essential parties involved in an estate in Trustor, trustee and bene-
trust? ficiary.
a. Owner, trustor and lawyer.
b. Owner, trustor and trustee.
, New Jersey Practice Exam
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c. Trustee, title company, and beneficiary.
d. Trustor, trustee and beneficiary.
8. A condominium owner enjoys a fee simple ownership of
the airspace in a unit and
a. share in an association that owns one's apartment. an undivided share of the
b. tenancy in common interest in airspace and com- entire property's common
mon areas of the property. areas.
c. fee simple ownership of the airspace in a unit and
an undivided share of the entire property's common
areas.
d. fee simple ownership of a pro rata share of the
entire property.
9. With various types of junior liens, the order of pay- the date of recordation.
ment priority is generally established according to
a. the date of recordation.
b. what form of tax is in question.
c. the order of disbursement.
d. whether the lien was subordinated.
10. What is a lien-theory state in contrast to a title-theory A state in which a mort-
state? gagor retains title to the
property when a mort-
a. A state in which liens are given priority over other gage lien is created.
encumbrances.
b. A state in which a mortgagor retains title to the
property when a mortgage lien is created.
c. A state in which the holder of a mortgage lien re-
ceives title to the mortgaged property until the debt
is satisfied.
, New Jersey Practice Exam
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d. A state in which liens must be recorded to be en-
forceable.
11. A property owner has an easement appurtenant on transfers with the proper-
her property. One day the property is sold to another ty.
party who is opposed to the easement. Following the
closing, this particular form of easement
a. terminates.
b. transfers with the property.
c. transfers with the owner to a new property.
d. becomes a license on the property.
12. What fundamental legal purpose is fulfilled by title Giving constructive notice
records? of one's rights and inter-
ests in the property.
a. Keeping the county apprised of tax payments.
b. Preventing identity theft.
c. Giving constructive notice of one's rights and inter-
ests in the property.
d. Assembling all relevant documents in a single place.
13. What is "chain of title?" A chronology of successive
owners of record of a par-
a. The list of all parties who have ever owned real cel of real estate.
estate.
b. The bundle of rights linked to the recorded title to
a parcel.
c. A chronology of successive owners of record of a
parcel of real estate.
d. Involuntary conveyance of title by statutory rules of
descent.
New Jersey Practice Exam
INSURANCE TEST BANK NJ | ALL QUESTIONS AND CORRECT
Study online at https://quizlet.com/_dgox30
ANSWERS | VERIFIED ANSWERS | LATEST VERSION 2025 | GRADED
A+1. A farmer temporarily installs produce coolers in a Trade fixtures that are per-
leased farm stand in order to prevent spoilage. sonal property.
The coolers would be considered which of the follow-
ing?
a. Trade fixtures that are real property.
b. Trade fixtures that are personal property.
c. Temporary real property.
d. Emblements.
2. Property can be converted from real to personal prop- Severance and affixing.
erty and from personal property to real property by
means of which processes, respectively?
a. Assemblage and plottage.
b. Application and dissolution.
c. Severance and affixing.
d. Planting and harvesting.
3. The highest form of ownership interest one can ac- absolute fee simple es-
quire in real estate is the tate.
a. legal life estate.
b. conventional life estate.
c. defeasible fee simple estate.
d. absolute fee simple estate.
4. The distinguishing feature of a defeasible fee simple the estate may revert to a
estate is that grantor or heirs if the pre-
scribed use changes.
a. it can be passed on to heirs.
b. it has no restrictions on use.
c. the estate may revert to a grantor or heirs if the
, New Jersey Practice Exam
Study online at https://quizlet.com/_dgox30
prescribed use changes.
d. it is of unlimited duration.
5. Maria acquires a property from her uncle Alfonso. conventional life estate.
When Maria dies, the estate will pass to Alfonso's oth-
er niece, Serena. The type of estate that Maria has in
the property is a
a. conventional life estate.
b. legal life estate.
c. fee simple defeasible estate.
d. tenancy by the entireties.
6. One difference between a cooperative estate and a a condominium owner
condominium estate is that owns a unit of air space
whereas the co-op owner
a. a condominium owner owns a unit of air space owns a proprietary lease.
whereas the co-op owner owns a proprietary lease.
b. a condominium sale adversely affects other unit
owners.
c. the coop owner owns stock and a freehold real es-
tate interest whereas the condominium owner simply
a proprietary lease.
d. the condominium owner owns the common ele-
ments and the airspace whereas the coop owner only
owns the apartment.
7. Who are the essential parties involved in an estate in Trustor, trustee and bene-
trust? ficiary.
a. Owner, trustor and lawyer.
b. Owner, trustor and trustee.
, New Jersey Practice Exam
Study online at https://quizlet.com/_dgox30
c. Trustee, title company, and beneficiary.
d. Trustor, trustee and beneficiary.
8. A condominium owner enjoys a fee simple ownership of
the airspace in a unit and
a. share in an association that owns one's apartment. an undivided share of the
b. tenancy in common interest in airspace and com- entire property's common
mon areas of the property. areas.
c. fee simple ownership of the airspace in a unit and
an undivided share of the entire property's common
areas.
d. fee simple ownership of a pro rata share of the
entire property.
9. With various types of junior liens, the order of pay- the date of recordation.
ment priority is generally established according to
a. the date of recordation.
b. what form of tax is in question.
c. the order of disbursement.
d. whether the lien was subordinated.
10. What is a lien-theory state in contrast to a title-theory A state in which a mort-
state? gagor retains title to the
property when a mort-
a. A state in which liens are given priority over other gage lien is created.
encumbrances.
b. A state in which a mortgagor retains title to the
property when a mortgage lien is created.
c. A state in which the holder of a mortgage lien re-
ceives title to the mortgaged property until the debt
is satisfied.
, New Jersey Practice Exam
Study online at https://quizlet.com/_dgox30
d. A state in which liens must be recorded to be en-
forceable.
11. A property owner has an easement appurtenant on transfers with the proper-
her property. One day the property is sold to another ty.
party who is opposed to the easement. Following the
closing, this particular form of easement
a. terminates.
b. transfers with the property.
c. transfers with the owner to a new property.
d. becomes a license on the property.
12. What fundamental legal purpose is fulfilled by title Giving constructive notice
records? of one's rights and inter-
ests in the property.
a. Keeping the county apprised of tax payments.
b. Preventing identity theft.
c. Giving constructive notice of one's rights and inter-
ests in the property.
d. Assembling all relevant documents in a single place.
13. What is "chain of title?" A chronology of successive
owners of record of a par-
a. The list of all parties who have ever owned real cel of real estate.
estate.
b. The bundle of rights linked to the recorded title to
a parcel.
c. A chronology of successive owners of record of a
parcel of real estate.
d. Involuntary conveyance of title by statutory rules of
descent.
