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NCEES PS EXAM QUESTIONS WITH CORRECT ANSWERS.

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NCEES PS EXAM QUESTIONS WITH CORRECT ANSWERS.

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Aantal pagina's
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NCEES PS EXAM QUESTIONS WITH
CORRECT ANSWERS.
Negative Easements - ANSWER-the dominant estate can prevent the servient estate
from doing something e.g. scenic views

Appurtenant Easements - ANSWER-"run with the land" and are not terminated by the
sale of either the servient or dominant tenement

Easements in Gross - ANSWER-attaches to a person

Easements by estoppel - ANSWER-If a person's actions led someone to believe they
had an easement they would be estopped from denting the use

Similar to adverse possession. The use is
1. Adverse use without permission
2. Open and notorious
3. Continuous
4. For a specific purpose
5. Lasts for the statutory period - ANSWER-Prescriptive Easements

Covenant - ANSWER-is an agreement between entities to restrict use. Usually within
the same subdivision or complex

Torrens Title System - ANSWER-Areas that use: Chicago, Mass and Minn.

The owner of the title is registered through the land court.Title cannot be acquired
through prescription.

1. Actual possession
2. Open Possession
2a. Notorious Possession
4. Claim of title
5. Continuous Possession
6. Hostile Possession
7. Exclusive Possession - ANSWER-Elements of Adverse Rights

Color of Title - ANSWER-That which appears to be good title but which is not title in
fact.

The general presumption is that the rights you acquire in an estate extend from the
center of the earth to the heavens above. However, the owner may hold that entire
bundle or not. One can only convey the quantity and quality of interest they have. -
ANSWER-Bundle of Rights

, Real property - ANSWER-Real property is fixed and immovable

Personal Property - ANSWER-Personal property is consumable

Fee Simple Absolute - ANSWER-an estate in land that provides the owner with a
complete set of legal rights, limited only by the powers of government

Fee - ANSWER-an estate that can inherited or divested by will or other document

Simple - ANSWER-not fee tail (a fee tail estate must be inherited by a specific person)

Absolute - ANSWER-no limitations on time, estate can continue forever

Defeasible fee simple estate - ANSWER-a future event must be met for the estate to
continue. There are conditions on the estate

Life Estates - ANSWER-Ownership, possession and control for someone's lifetime

Estate per Autrie Vie - ANSWER-Measured life is other than that of the holder:
"to Jones for the life of Brown and then to Smith in fee simple"

Easements - ANSWER-an interest that one may have in the lands of another

Affirmative Easements - ANSWER-Allows the dominant estate (the one the easement
benefits) to do some physical act over the servient estate (where the easement is
located).


Feoffment - ANSWER-requires delivery of possession.

Livery Seisin - ANSWER-in front of a witness some symbolic item of the land is
delivered

Deed - ANSWER-is a conveyance of realty whereby title to real property is transferred
from one party to another. It is the instrument by which title is conveyed.

Bargain and Sale Deed - ANSWER-Historically was a deed where a conveyance is
made free of any covenants. Now there is such a thing as a Bargain and Sale Deed with
Covenants. There is not a personal guaranty of ownership, there
is a good faith bargain and sale.

Quit Claim Deed - ANSWER-Release any interest the grantor may have at the time of
conveyance. No personal guaranty or implication that the title is "good."
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