Question 1

A transfer of real property is also known as a:

Accepted Answer

A)   commitment
B)   quitclaim
C)   conveyance
D)   recordingE) B) and D)
F) B) and C) C

Question 2

The owner of land that is subject to the easement cannot make any use of the land subject to the easement.

Accepted Answer

A) True 
 B)False

Question 3

A sale or conveyance is the least common method for transferring ownership rights in real property.

Accepted Answer

A) True 
 B)False

Question 4

In joint tenancy,any owner may transfer her interest without the consent of the other joint tenants.

Accepted Answer

A) True 
 B)False

Question 5

Fee simple defeasible can be thought of as complete ownership with a limitation,which if violated,results in the loss of the property.

Accepted Answer

A) True 
 B)False

Question 6

If Bob holds a life estate and sells it to Sally,the life estate will terminate upon Sally's death.

Accepted Answer

A) True 
 B)False

Question 7

Recording statutes for real property:

Accepted Answer

A)   are optional in most parts of the country
B)   allow potential buyers to check whether there are any liens or mortgages on a piece of property
C)   guarantee that buildings meet certain minimum standards as far as condition goes
D)   eliminate the need to acquire title insurance because the chain of title can be tracedE) None of the above
F) A) and B)

Question 8

In which of the following forms of concurrent ownership may one party unilaterally transfer her portion without the consent of the other party(ies) ?

Accepted Answer

A)   joint tenancy
B)   tenancy in common
C)   tenancy by the entirety
D)   A,B,and C
E)   A and B onlyF) A) and B)
G) All of the above

Question 9

A boat dock is a form of condominium-type ownership.

Accepted Answer

A) True 
 B)False

Question 10

Larry owns a life estate in a condominium in Clearwater,with the remainder going to Larry's nephew.Larry sells his life estate to Bob.Which is true?

Accepted Answer

A)   Bob's interest in the property will end when Larry dies.
B)   Bob will have the property for the rest of his life.
C)   Larry will get the property at Bob's death if Larry is still alive.
D)   The sale is ineffective because the holder of a life estate cannot sell it.E) B) and C)
F) All of the above

Question 11

The surface rights and the subsurface rights for the same parcel of real property can be owned by two different persons.

Accepted Answer

A) True 
 B)False

Question 12

If a reversion follows a life estate,upon the termination of the life estate,the property will transfer to someone other than the party who granted the life estate.

Accepted Answer

A) True 
 B)False

Question 13

The holder of a life estate can do all of the following with her life estate except:

Accepted Answer

A)   sell it
B)   give it away
C)   leave it to someone in her will
D)   mortgage it
E)   lease it to anotherF) A) and E)
G) All of the above

Question 14

Which types of property interests can be sold?

Accepted Answer

A)   fee simple absolute only
B)   fee simple absolute and fee simple defeasible
C)   fee simple defeasible and life estate
D)   fee simple absolute and life estate
E)   fee simple absolute,fee simple defeasible,and life estateF) None of the above
G) C) and D) E

Question 15

Which of the following would prevent someone from acquiring land by adverse possession?

Accepted Answer

A)   She lived on it secretly so that the original owner could not find out she was there.
B)   She never had to fight the original owner in order to remain on the land.
C)   She lived on the land without the original owner's permission.
D)   She was the only person who lived on the land in question.E) All of the above
F) A) and D)

Question 16

Remainders and remnants are two types of future interests.

Accepted Answer

A) True 
 B)False

Question 17

A lessee who is complying with terms of the lease cannot acquire the leased premises by adverse possession.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is true about a life estate?

Accepted Answer

A)   The holder of a life estate may sell that interest to another.
B)   The holder of a life estate may not lease the property to a tenant because it is uncertain when the holder of the life estate may die.
C)   The holder of a life estate may lose his right if the remainder person desires to re-enter the land.
D)   The holder of the life estate must be related to the remainder person.E) B) and C)
F) B) and D)

Question 19

Mary and Alice,friends,own a beachfront cottage as joint tenants.Because of gambling losses in Las Vegas,Alice must suddenly sell her half to Teri,which she does without telling Mary.The property is now owned by:

Accepted Answer

A)   Mary and Alice as joint tenants
B)   Mary and Alice as tenants in common
C)   Mary
D)   Teri and Mary as joint tenants
E)   Teri and Mary as tenants in commonF) B) and D)
G) A) and E)

Question 20

In a Torrens system,the owner of property has a certificate of title showing the ownership.

Accepted Answer

A) True 
 B)False  True

Exam 48: Real Property

A transfer of real property is also known as a:

Correct AnswerverifiedC

The owner of land that is subject to the easement cannot make any use of the land subject to the easement.

Correct AnswerverifiedShow Answer

A sale or conveyance is the least common method for transferring ownership rights in real property.

Correct AnswerverifiedShow Answer

In joint tenancy,any owner may transfer her interest without the consent of the other joint tenants.

Correct AnswerverifiedShow Answer

Fee simple defeasible can be thought of as complete ownership with a limitation,which if violated,results in the loss of the property.

Correct AnswerverifiedShow Answer

If Bob holds a life estate and sells it to Sally,the life estate will terminate upon Sally's death.

Correct AnswerverifiedShow Answer

Recording statutes for real property:

Correct AnswerverifiedShow Answer

In which of the following forms of concurrent ownership may one party unilaterally transfer her portion without the consent of the other party(ies) ?

Correct AnswerverifiedShow Answer

A boat dock is a form of condominium-type ownership.

Correct AnswerverifiedShow Answer

Larry owns a life estate in a condominium in Clearwater,with the remainder going to Larry's nephew.Larry sells his life estate to Bob.Which is true?

Correct AnswerverifiedShow Answer

The surface rights and the subsurface rights for the same parcel of real property can be owned by two different persons.

Correct AnswerverifiedShow Answer

If a reversion follows a life estate,upon the termination of the life estate,the property will transfer to someone other than the party who granted the life estate.

Correct AnswerverifiedShow Answer

The holder of a life estate can do all of the following with her life estate except:

Correct AnswerverifiedShow Answer

Which types of property interests can be sold?

Correct AnswerverifiedE

Which of the following would prevent someone from acquiring land by adverse possession?

Correct AnswerverifiedShow Answer

Remainders and remnants are two types of future interests.

Correct AnswerverifiedShow Answer

A lessee who is complying with terms of the lease cannot acquire the leased premises by adverse possession.

Correct AnswerverifiedShow Answer

Which of the following is true about a life estate?

Correct AnswerverifiedShow Answer

Mary and Alice,friends,own a beachfront cottage as joint tenants.Because of gambling losses in Las Vegas,Alice must suddenly sell her half to Teri,which she does without telling Mary.The property is now owned by:

Correct AnswerverifiedShow Answer

In a Torrens system,the owner of property has a certificate of title showing the ownership.

Correct AnswerverifiedTrue

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C

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E

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True