Charles Barnes Real estate (2025-
2026) exam prep with correct verified
and Well Analyzed Answers Graded
A+
Littoral Rights
Navigable, lakes, seas, ocean
Describe "fixture"
An item of personal property that has been converted to real property
Four Unities of Joint Tenancy
Unity of Time
Unity of Title
Unity of Interest
Unity of Possession
Condo owners share of maintenance &operations expenses are based
on?
The unit’s pro rata share of the property's value as defined in the
declaration
Define Real estate vs. real property
Wells, driveways and signs on a parcel of land is Real estate
ordinary life estate
life of the tenant
tenancy in common
form of co-ownership in which the shares may be unequal and there
is no right of survivorship they can sell or transfer rights at anytime
w/O consent of others
,Time shares free hold
Undivided interests in the property as tenants in common
Estate from period to period
Type of lease with no fixed duration and continuously renews, like a
month-to-month.
Legal life estate
a life estate created by the action of law
Estate at sufferance
Type of "lease" created when a lessee wrongfully retains possession
after the lease term has ended.
Encumber a property
Pledge the property for collateral for debt
Personal Property vs real property
If owner intended to remove it after a period of time
Joint Tenancy
2 or more ownership holders own a fraction of UNDIVIDED interest.
Rights of survivorship apply. One title
Cooperatives (n)
a business or organization owned equally by all the people working
there [=co-op] a proprietary lease in a physical unit
The Bundle of Rights
Possession, Use or Control, Enjoyment, Disposition enjoyed by the
owner of the property
An estate at will
terminates on the death of lessor or lessee.
estate in land
A real property interest that includes the right to possess
Improvements to the land
Include fences, streets buildings, Wells, streets, sidewalks and piers
Personal Property
, Movables, which are not annexed to or part of, the land; also referred
to as chattels.
In accordance with the statute of frauds,
The buyer
: Wayne and Leota obtain an insurance policy that protects them from
liabilities and losses resulting from title defects. The kind of policy
they bought is a
: standard owner's title insurance policy
An owner transfers title to a property to a buyer in exchange for a
motorcycle. This is an example of
Voluntary alienation
: The purpose of a deed restriction is to enable an owner to specify
: how a property may be used and what improvements may be built
on it.
A tenancy at will can usually be terminated
either party giving proper notice.
Which of the following circumstances is the most likely scenario for a
ground lease?
An owner-developer wants to retain ownership of the land portion of
the improved real property.
A court might grant an easement by prescription if
a trespasser has been using an owner's property for a certain period
with the owner's knowledge but without permission.
: A homeowner defaults on his mortgage loan. In the subsequent
foreclosure action, the lender takes title to the liened property directly
instead of initiating a court-ordered public sale. This is an example of
A Strict foreclosure
A person wishes to convey any and all interests in a property to
another without assurance of the propertyG??s marketability. This
party would most likely use which of the following types of deed
A quit claim deed
The Uniform Residential Landlord and Tenant Act generally does not
apply to
2026) exam prep with correct verified
and Well Analyzed Answers Graded
A+
Littoral Rights
Navigable, lakes, seas, ocean
Describe "fixture"
An item of personal property that has been converted to real property
Four Unities of Joint Tenancy
Unity of Time
Unity of Title
Unity of Interest
Unity of Possession
Condo owners share of maintenance &operations expenses are based
on?
The unit’s pro rata share of the property's value as defined in the
declaration
Define Real estate vs. real property
Wells, driveways and signs on a parcel of land is Real estate
ordinary life estate
life of the tenant
tenancy in common
form of co-ownership in which the shares may be unequal and there
is no right of survivorship they can sell or transfer rights at anytime
w/O consent of others
,Time shares free hold
Undivided interests in the property as tenants in common
Estate from period to period
Type of lease with no fixed duration and continuously renews, like a
month-to-month.
Legal life estate
a life estate created by the action of law
Estate at sufferance
Type of "lease" created when a lessee wrongfully retains possession
after the lease term has ended.
Encumber a property
Pledge the property for collateral for debt
Personal Property vs real property
If owner intended to remove it after a period of time
Joint Tenancy
2 or more ownership holders own a fraction of UNDIVIDED interest.
Rights of survivorship apply. One title
Cooperatives (n)
a business or organization owned equally by all the people working
there [=co-op] a proprietary lease in a physical unit
The Bundle of Rights
Possession, Use or Control, Enjoyment, Disposition enjoyed by the
owner of the property
An estate at will
terminates on the death of lessor or lessee.
estate in land
A real property interest that includes the right to possess
Improvements to the land
Include fences, streets buildings, Wells, streets, sidewalks and piers
Personal Property
, Movables, which are not annexed to or part of, the land; also referred
to as chattels.
In accordance with the statute of frauds,
The buyer
: Wayne and Leota obtain an insurance policy that protects them from
liabilities and losses resulting from title defects. The kind of policy
they bought is a
: standard owner's title insurance policy
An owner transfers title to a property to a buyer in exchange for a
motorcycle. This is an example of
Voluntary alienation
: The purpose of a deed restriction is to enable an owner to specify
: how a property may be used and what improvements may be built
on it.
A tenancy at will can usually be terminated
either party giving proper notice.
Which of the following circumstances is the most likely scenario for a
ground lease?
An owner-developer wants to retain ownership of the land portion of
the improved real property.
A court might grant an easement by prescription if
a trespasser has been using an owner's property for a certain period
with the owner's knowledge but without permission.
: A homeowner defaults on his mortgage loan. In the subsequent
foreclosure action, the lender takes title to the liened property directly
instead of initiating a court-ordered public sale. This is an example of
A Strict foreclosure
A person wishes to convey any and all interests in a property to
another without assurance of the propertyG??s marketability. This
party would most likely use which of the following types of deed
A quit claim deed
The Uniform Residential Landlord and Tenant Act generally does not
apply to
