Community Property Law Final Exam Preparation
Newest With Complete Questions And Correct
Detailed Answers| Just Released!!
Words of purchase - ANSWER-Describe who takes the
real property by grant, gift, inheritance or bequest
Words of limitation - ANSWER-Describe the type and
duration of the estate taken by the transferee
FEE SIMPLE ABSOLUTE - ANSWER-"To Grantee and
their heirs"
,FEE SIMPLE DETERMINABLE - ANSWER-"To Grantee
and their heirs for so long as" or "while" or "during" or
"until" (the occurrence of an event). Automotically
terminates upon the happening of stated event
FEE SIMPLE SUBJECT TO A CONDITION - ANSWER-
"To Grantee and their heirs upon the condition that" or
"provided that" or "but if" or "if it happens that" (the
occurrence of an event).
right of re-entry- termination is not automatic
FEE SIMPLE SUBJECT TO AN EXECUTORY INTEREST
- ANSWER-A Defeasible Estate that AUTOMATICALLY
divests in favor of a THIRD PERSON upon the happening
of a stated event
,RULE AGAINST PERPETUITIES - ANSWER-(21 years
plus lives in being) 3 generations limitations go away and
revert back to fee simple absolute- so people arent
controlling property from the grave
Fee Tail - ANSWER-"To Grantee and heirs of their body"
estate limited to the grantee and his or her family-
automatically revenrts to grantor if not owned by heir now
considered fee simple absolute
Life estate - ANSWER-" To grantee for life"
1. by marital right (dower and curtsey)
2. for life of grantee
, 3. Pur Autre Vie (life of another)
Dower and Curtsey - ANSWER-marital right
Pur Autre Vie - ANSWER-Life of another
Tenancy in the Entirety - ANSWER-- By Marital Right -
only between husband and wife
- Right of Survivorship - by operation of law
- Severance Limited (Death, divorce, agreement, joint
creditor execution)
A real estate licensee has a buyer agency agreement.
What is the seller in this situation? - ANSWER-A customer.
Newest With Complete Questions And Correct
Detailed Answers| Just Released!!
Words of purchase - ANSWER-Describe who takes the
real property by grant, gift, inheritance or bequest
Words of limitation - ANSWER-Describe the type and
duration of the estate taken by the transferee
FEE SIMPLE ABSOLUTE - ANSWER-"To Grantee and
their heirs"
,FEE SIMPLE DETERMINABLE - ANSWER-"To Grantee
and their heirs for so long as" or "while" or "during" or
"until" (the occurrence of an event). Automotically
terminates upon the happening of stated event
FEE SIMPLE SUBJECT TO A CONDITION - ANSWER-
"To Grantee and their heirs upon the condition that" or
"provided that" or "but if" or "if it happens that" (the
occurrence of an event).
right of re-entry- termination is not automatic
FEE SIMPLE SUBJECT TO AN EXECUTORY INTEREST
- ANSWER-A Defeasible Estate that AUTOMATICALLY
divests in favor of a THIRD PERSON upon the happening
of a stated event
,RULE AGAINST PERPETUITIES - ANSWER-(21 years
plus lives in being) 3 generations limitations go away and
revert back to fee simple absolute- so people arent
controlling property from the grave
Fee Tail - ANSWER-"To Grantee and heirs of their body"
estate limited to the grantee and his or her family-
automatically revenrts to grantor if not owned by heir now
considered fee simple absolute
Life estate - ANSWER-" To grantee for life"
1. by marital right (dower and curtsey)
2. for life of grantee
, 3. Pur Autre Vie (life of another)
Dower and Curtsey - ANSWER-marital right
Pur Autre Vie - ANSWER-Life of another
Tenancy in the Entirety - ANSWER-- By Marital Right -
only between husband and wife
- Right of Survivorship - by operation of law
- Severance Limited (Death, divorce, agreement, joint
creditor execution)
A real estate licensee has a buyer agency agreement.
What is the seller in this situation? - ANSWER-A customer.
