Maine Real Estate Practice Exam #1 Questions & Answers(Graded A+)
All of the following are real property EXCEPT:
A. a chained link fence enclosing the backyard
B. the weathervane on top of the barn
C. the portable basketball hoop in the driveway
D. an antique chandelier in the dining room - ANSWER-C. the portable basketball hoop
in the driveway
A metes and bounds description of real property relies on: - ANSWER-a point of
beginning, measurement of distances, and directions on a compass.
Fee simple ownership describes: - ANSWER-current ownership.
A life estate interest describes: - ANSWER-future ownership.
Which of the following statements about Susan, the tenant of a life estate, is TRUE? -
ANSWER-She may sell her interest to Phillip, who would then hold the life estate until
Susan dies.
Which of the following is NOT an element of the bundle of rights of an owner of property
in fee simple absolute? - ANSWER-the right to start a foreclosure process
One way that an easement in gross is extinguished is when: - ANSWER-the party that
benefits dies.
One way that an appurtenant easement is extinguished when: - ANSWER-the dominant
and servient tenement merge
, Jill owns a house at 82 Willow Road. She has young children and wants to build a fence
around an area of the backyard. Once it is built the fence becomes part of the real
property through: - ANSWER-annexation.
Lawrence gets behind in his mortgage payments and the lender forecloses on his
property. The property is in a state where Lawrence has the right to regain the property
within a certain period of time. What is the name of this right? - ANSWER-redemption
Paul chops down a tree and splits it into firewood. This example of real property being
changed into personal property is an illustration of: - ANSWER-severance.
The legal tests for determining if an item is a fixture or personal property include all of
the following EXCEPT: - ANSWER-quiet enjoyment.
A municipality wants to build a public parking garage on Leila's land. Which of the
following statements about the municipality is True? - ANSWER-t may take Leila's
property under eminent domain and must pay fair market value to do so.
Pablo inherits real property from his mother Juanita. Thirty years ago, Juanita granted
an appurtenant easement to the adjacent property allowing access to the lakefront.
Which of the following statements is True? - ANSWER-Pablo cannot stop the neighbor
from using the easement to access the lakefront because an appurtenant easement
runs with the land.
Mike is remodeling his house. Mike's next door neighbor Gary says that Mike may store
a pallet of patio flagstones on a corner of Gary's property. Gary has granted Mike a: -
ANSWER-License
A mortgage is what type of lien on a property? - ANSWER-specific and voluntary
All of the following are real property EXCEPT:
A. a chained link fence enclosing the backyard
B. the weathervane on top of the barn
C. the portable basketball hoop in the driveway
D. an antique chandelier in the dining room - ANSWER-C. the portable basketball hoop
in the driveway
A metes and bounds description of real property relies on: - ANSWER-a point of
beginning, measurement of distances, and directions on a compass.
Fee simple ownership describes: - ANSWER-current ownership.
A life estate interest describes: - ANSWER-future ownership.
Which of the following statements about Susan, the tenant of a life estate, is TRUE? -
ANSWER-She may sell her interest to Phillip, who would then hold the life estate until
Susan dies.
Which of the following is NOT an element of the bundle of rights of an owner of property
in fee simple absolute? - ANSWER-the right to start a foreclosure process
One way that an easement in gross is extinguished is when: - ANSWER-the party that
benefits dies.
One way that an appurtenant easement is extinguished when: - ANSWER-the dominant
and servient tenement merge
, Jill owns a house at 82 Willow Road. She has young children and wants to build a fence
around an area of the backyard. Once it is built the fence becomes part of the real
property through: - ANSWER-annexation.
Lawrence gets behind in his mortgage payments and the lender forecloses on his
property. The property is in a state where Lawrence has the right to regain the property
within a certain period of time. What is the name of this right? - ANSWER-redemption
Paul chops down a tree and splits it into firewood. This example of real property being
changed into personal property is an illustration of: - ANSWER-severance.
The legal tests for determining if an item is a fixture or personal property include all of
the following EXCEPT: - ANSWER-quiet enjoyment.
A municipality wants to build a public parking garage on Leila's land. Which of the
following statements about the municipality is True? - ANSWER-t may take Leila's
property under eminent domain and must pay fair market value to do so.
Pablo inherits real property from his mother Juanita. Thirty years ago, Juanita granted
an appurtenant easement to the adjacent property allowing access to the lakefront.
Which of the following statements is True? - ANSWER-Pablo cannot stop the neighbor
from using the easement to access the lakefront because an appurtenant easement
runs with the land.
Mike is remodeling his house. Mike's next door neighbor Gary says that Mike may store
a pallet of patio flagstones on a corner of Gary's property. Gary has granted Mike a: -
ANSWER-License
A mortgage is what type of lien on a property? - ANSWER-specific and voluntary
