Ohio Title Licensing Exam 2026
Questions and Answers
Types of Real Property (5) - Correct answer-1) Residential, 2) commercial, 3)
Industrial, 4) Agricultural, 5) Special-purpose.
Two Types of Real Property Ownership - Correct answer-1. Legal
2. Equitable
**Most people have BOTH**
Legal Title - Correct answer-Actual Ownership of property
Equitable Title - Correct answer-When someone holds title for the benefit of others
(Trustee of a trust holds title. The Trustee holds legal title to the property, but the
beneficiaries hold equitable title)
Estates - Correct answer-Have different duration rights of use, right of possession,
and right to transfer.
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,Tenant - Correct answer-term used to describe the person enjoying a type of estate
Types of Estates - Correct answer-Freehold Estate and Non Freehold Estate
Freehold Estate Definition - Correct answer-an interest in property, the duration
which is not fixed by a certain period of time
5 Types of Freehold Estates - Correct answer-1. Fee Simple
2. Qualified Fee (Two Types)
3. Leasehold for 99 years Renewable forever
4. Life Estate
5. Condo Unit Ownership
Fee simple - Correct answer-The highest interest in real estate recognized by the
law; the holder is entitled to all rights to the property. Can potentially last forever
and is fully alienable
Qualified Fee - Correct answer-Conveyance terminated upon the occurrence of a
stated event **Two Types
Fee Simple Determinable - Correct answer-"So long as", "While" or "Until"
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, Fee Simple on Conditional Subsequent - Correct answer-"Provided" "However"
"But if" or "Upon Condition that"
Lease Hold For 99 years Renewable forever - Correct answer-Leases of any kind
are typically a non-freehold estate, but this type is conveyed as Fee Simple Title
Condominium Unit Ownership - Correct answer-created only by statue. You own
what you own then have joint ownership of common areas
Non-Freehold Estate - Correct answer-an interest in property, the duration which is
fixed by a specific
Life Estate - Correct answer-Right to possession of the land during the life of the
estate holder
Life Estate per Autre Vie - Correct answer-Th measuring life is the life of another
person other than Grantee
Life Estate vs Life Estate per Autre Vie - Correct answer-Need ask:
1. Who is the measuring life
2. Who is the life tenant
3. Who is the remainder
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Questions and Answers
Types of Real Property (5) - Correct answer-1) Residential, 2) commercial, 3)
Industrial, 4) Agricultural, 5) Special-purpose.
Two Types of Real Property Ownership - Correct answer-1. Legal
2. Equitable
**Most people have BOTH**
Legal Title - Correct answer-Actual Ownership of property
Equitable Title - Correct answer-When someone holds title for the benefit of others
(Trustee of a trust holds title. The Trustee holds legal title to the property, but the
beneficiaries hold equitable title)
Estates - Correct answer-Have different duration rights of use, right of possession,
and right to transfer.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Tenant - Correct answer-term used to describe the person enjoying a type of estate
Types of Estates - Correct answer-Freehold Estate and Non Freehold Estate
Freehold Estate Definition - Correct answer-an interest in property, the duration
which is not fixed by a certain period of time
5 Types of Freehold Estates - Correct answer-1. Fee Simple
2. Qualified Fee (Two Types)
3. Leasehold for 99 years Renewable forever
4. Life Estate
5. Condo Unit Ownership
Fee simple - Correct answer-The highest interest in real estate recognized by the
law; the holder is entitled to all rights to the property. Can potentially last forever
and is fully alienable
Qualified Fee - Correct answer-Conveyance terminated upon the occurrence of a
stated event **Two Types
Fee Simple Determinable - Correct answer-"So long as", "While" or "Until"
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, Fee Simple on Conditional Subsequent - Correct answer-"Provided" "However"
"But if" or "Upon Condition that"
Lease Hold For 99 years Renewable forever - Correct answer-Leases of any kind
are typically a non-freehold estate, but this type is conveyed as Fee Simple Title
Condominium Unit Ownership - Correct answer-created only by statue. You own
what you own then have joint ownership of common areas
Non-Freehold Estate - Correct answer-an interest in property, the duration which is
fixed by a specific
Life Estate - Correct answer-Right to possession of the land during the life of the
estate holder
Life Estate per Autre Vie - Correct answer-Th measuring life is the life of another
person other than Grantee
Life Estate vs Life Estate per Autre Vie - Correct answer-Need ask:
1. Who is the measuring life
2. Who is the life tenant
3. Who is the remainder
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