Maine real estate exam prep questions with correct answers

All of the following are real property EXCEPT CORRECT ANSWER A Portable Basketball hoop A metes and bounds description of real property relies on CORRECT ANSWER A point of beginning, measurement of distances, and directions on a compass Fee simple ownership describes CORRECT ANSWER Current ownership A life estate interest describes CORRECT ANSWER Future ownership Which of the following statements about Susan, the tenant of a life estate, is TRUE? CORRECT ANSWER She may sell her interest to Phillip, who would then hold the life estate until Susan dies Which of the following is NOT and element of the bundle of rights an owner of property in fee simple absolute? CORRECT ANSWER The right to start a foreclosure process One way that an easement in gross is extinguished is when CORRECT ANSWER The party that benefits dies.