Superior Real Estate School Exam
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All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - CORRECT ANSWER-D. Scarcity
Under the doctrine of specific performance, the party harmed by breach of a real
estate contract can ask a judge to force the breaching party to carry out the terms
of the contract rather than order the breaching party to pay monetary damages.
Which physical characteristic of land is the basis for the doctrine of specific
performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment - CORRECT ANSWER-B. Uniqueness
Which of the following is considered to have the greatest impact on the value of a
property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - CORRECT ANSWER-A. Area Preference
The concept by which land would increase automatically along a river or stream
is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - CORRECT ANSWER-A. Accretion
The owner of a house wants to fence the yard for a dog. When the fence is
erected, the fencing materials are converted to real estate by:
,A. Severance
B. Annexation
C. Immobility
D. Indestructibility - CORRECT ANSWER-B. Annexation
A deed conveyed ownership to a grantee "so long as the existing building on the
property is not destroyed." Following the transfer, the original grantor has what
type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER-D. Reversionary Estate
A woman conveys a life estate to her son-in-law and stipulates that upon his
death the estate will pass to her grandson. The grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - CORRECT ANSWER-B. Estate in Remainder
A person who acquired ownership that can be inherited, with the provision "that
the land must always be used for recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - CORRECT ANSWER-B. a defeasible fee
A brother and sister bought a commercial building and took title as joint tenants
with right of survivorship. The brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remainder interests - CORRECT
ANSWER-B. in severalty
Co-owners of a fee simple interest in a small office building are neither related to
nor a creditor to each other. One owner dies intestate. The surviving owner would
become the sole owner of the property under which of the following rights?
A. adverse possession
B. reversionary interest
C. survivorship
,D. foreclosure - CORRECT ANSWER-C. survivorship
Three joint tenants with rights of survivorship own a parcel of land. One owner
sells his interest to a long-time friend. After the conveyance, the remaining
original owners:
A. become tenants in common with each other
B. become tenants in common with each other and the newest owner
C. become joint tenants with the newest owner
D. remain joint tenants with each other - CORRECT ANSWER-D. remain joint
tenants with each other
The owner of a condominium unit learns that a neighbor has failed to pay his
condominium association dues. If the neighbor does NOT pay the dues:
A. a lien can be filed against the condominium complex
B. a lien can be filed against the neighbor's unit
C. a lien can only be filed against the common areas of the condominium
D. the taxing authority can order the condominium be dissolved - CORRECT
ANSWER-B. a lien can be filed against the neighbor's unit
The severalty owner of a parcel of land sells it. The buyer insists that the owner's
wife also sign the deed. The purpose of obtaining the wife's signature is to:
A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
C. provide evidence that the owner is married
D. subordinate the wife's signature to the buyer - CORRECT ANSWER-A.
terminate any rights the wife may have in the property
Vonda Lee and William purchased a home together in 2003 with the deed simply
listing both of them as "grantees" without specifying how they were to hold title.
They married each other in early 2004. How do they now likely hold title to the
house purchased in 2003 if they have not made any other adjustments to their
deed?
A. tenancy by the entirety
B. tenancy in severalty
C. joint tenancy
D. tenancy in common - CORRECT ANSWER-D. tenancy in common
Which of the following statements is true? I. A life estate is a freehold estate. II. It
is possible to have a freehold estate and a non-freehold estate on the same
property at the same time.
A. I only
, B. II only
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II
Which of the following would be considered real property? I. Electrical switch
plate covers II. Gas logs attached to a fireplace
A. I only
B. II only
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II
Jason's property is adjacent to a navigable river in North Carolina and Jason
wants to sell his property. Which of the following statements is true?
A. Jason can restrict the public from using that portion of the river that is next to
his property
B. An owner can sell the property and retain his rights to access the river once it
is sold
C. Jason's land ends at the center of the waterway
D. If Jason obtains proper permits and builds a dock on the river, the dock will
automatically become owned by the public - CORRECT ANSWER-B. An owner
can sell the property and retain his rights to access the river once it is sold
The owner of two acres of land sold one acre but retained an appurtenant
easement over that land for ingress and egress to his retained lot. The retained
lot:
A. is the dominant tenement
B. serves as the servient tenement
C. can be cleared of the easement when it is sold to a third party
D. is subject to an easement in gross - CORRECT ANSWER-A. is the dominant
tenement
Which of the following liens generally holds first priority?
A. mortgage lien
B. purchase money lien
C. ad valorem real estate tax lien
D. federal income tax lien - CORRECT ANSWER-C. ad valorem real estate tax lien
Title to real estate passes when a valid deed is:
A. signed and recorded
B. signed, delivered and accepted
C. filed and microfilmed
Questions and Answers Best rated A+
Guaranteed Success Latest Update
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - CORRECT ANSWER-D. Scarcity
Under the doctrine of specific performance, the party harmed by breach of a real
estate contract can ask a judge to force the breaching party to carry out the terms
of the contract rather than order the breaching party to pay monetary damages.
Which physical characteristic of land is the basis for the doctrine of specific
performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment - CORRECT ANSWER-B. Uniqueness
Which of the following is considered to have the greatest impact on the value of a
property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - CORRECT ANSWER-A. Area Preference
The concept by which land would increase automatically along a river or stream
is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - CORRECT ANSWER-A. Accretion
The owner of a house wants to fence the yard for a dog. When the fence is
erected, the fencing materials are converted to real estate by:
,A. Severance
B. Annexation
C. Immobility
D. Indestructibility - CORRECT ANSWER-B. Annexation
A deed conveyed ownership to a grantee "so long as the existing building on the
property is not destroyed." Following the transfer, the original grantor has what
type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER-D. Reversionary Estate
A woman conveys a life estate to her son-in-law and stipulates that upon his
death the estate will pass to her grandson. The grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - CORRECT ANSWER-B. Estate in Remainder
A person who acquired ownership that can be inherited, with the provision "that
the land must always be used for recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - CORRECT ANSWER-B. a defeasible fee
A brother and sister bought a commercial building and took title as joint tenants
with right of survivorship. The brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remainder interests - CORRECT
ANSWER-B. in severalty
Co-owners of a fee simple interest in a small office building are neither related to
nor a creditor to each other. One owner dies intestate. The surviving owner would
become the sole owner of the property under which of the following rights?
A. adverse possession
B. reversionary interest
C. survivorship
,D. foreclosure - CORRECT ANSWER-C. survivorship
Three joint tenants with rights of survivorship own a parcel of land. One owner
sells his interest to a long-time friend. After the conveyance, the remaining
original owners:
A. become tenants in common with each other
B. become tenants in common with each other and the newest owner
C. become joint tenants with the newest owner
D. remain joint tenants with each other - CORRECT ANSWER-D. remain joint
tenants with each other
The owner of a condominium unit learns that a neighbor has failed to pay his
condominium association dues. If the neighbor does NOT pay the dues:
A. a lien can be filed against the condominium complex
B. a lien can be filed against the neighbor's unit
C. a lien can only be filed against the common areas of the condominium
D. the taxing authority can order the condominium be dissolved - CORRECT
ANSWER-B. a lien can be filed against the neighbor's unit
The severalty owner of a parcel of land sells it. The buyer insists that the owner's
wife also sign the deed. The purpose of obtaining the wife's signature is to:
A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
C. provide evidence that the owner is married
D. subordinate the wife's signature to the buyer - CORRECT ANSWER-A.
terminate any rights the wife may have in the property
Vonda Lee and William purchased a home together in 2003 with the deed simply
listing both of them as "grantees" without specifying how they were to hold title.
They married each other in early 2004. How do they now likely hold title to the
house purchased in 2003 if they have not made any other adjustments to their
deed?
A. tenancy by the entirety
B. tenancy in severalty
C. joint tenancy
D. tenancy in common - CORRECT ANSWER-D. tenancy in common
Which of the following statements is true? I. A life estate is a freehold estate. II. It
is possible to have a freehold estate and a non-freehold estate on the same
property at the same time.
A. I only
, B. II only
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II
Which of the following would be considered real property? I. Electrical switch
plate covers II. Gas logs attached to a fireplace
A. I only
B. II only
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II
Jason's property is adjacent to a navigable river in North Carolina and Jason
wants to sell his property. Which of the following statements is true?
A. Jason can restrict the public from using that portion of the river that is next to
his property
B. An owner can sell the property and retain his rights to access the river once it
is sold
C. Jason's land ends at the center of the waterway
D. If Jason obtains proper permits and builds a dock on the river, the dock will
automatically become owned by the public - CORRECT ANSWER-B. An owner
can sell the property and retain his rights to access the river once it is sold
The owner of two acres of land sold one acre but retained an appurtenant
easement over that land for ingress and egress to his retained lot. The retained
lot:
A. is the dominant tenement
B. serves as the servient tenement
C. can be cleared of the easement when it is sold to a third party
D. is subject to an easement in gross - CORRECT ANSWER-A. is the dominant
tenement
Which of the following liens generally holds first priority?
A. mortgage lien
B. purchase money lien
C. ad valorem real estate tax lien
D. federal income tax lien - CORRECT ANSWER-C. ad valorem real estate tax lien
Title to real estate passes when a valid deed is:
A. signed and recorded
B. signed, delivered and accepted
C. filed and microfilmed
