SUPERIOR REAL ESTATE SCHOOL EXAM BANK NEWEST D. Reliction - CORRECT ANSWER-A. Accretion
EXAM WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS (100% GUARANTEED 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:
PASS!!!)
A. Severance
B. Annexation
Which of the following is considered to have the greatest impact on the value of a C. Immobility
property?
D. Indestructibility - CORRECT ANSWER-B. Annexation
A. Area Preference
A deed conveyed ownership to a grantee "so long as the existing building on the
B. Permanence of Investment property is not destroyed." Following the transfer, the original grantor has what
type of interest?
C. Scarcity
D. Uniqueness - CORRECT ANSWER-A. Area Preference
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
The concept by which land would increase automatically along a river or stream is
known as: C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER-D. Reversionary Estate
All of the following are physical characteristics of land except:
A. Accretion
B. Littoral Rights A. Indestructibility
C. Avulsion B. Uniqueness
,C. Immobility A person who acquired ownership that can be inherited, with the provision "that
the land must always be used for recreational purposes," has:
D. Scarcity - CORRECT ANSWER-D. Scarcity
A. a fee simple absolute estate
Under the doctrine of specific performance, the party harmed by breach of a real B. a defeasible fee
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. C. a fee simple to a condition subsequent estate
Which physical characteristic of land is the basis for the doctrine of specific
performance? D. an estate that cannot be sold - CORRECT ANSWER-B. a defeasible fee
A. Indestructibility 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:
B. Uniqueness
C. Immobility
A. as a joint tenant with right of survivorship with her brother's heirs
D. Permanence of Investment - CORRECT ANSWER-B. Uniqueness B. in severalty
C. as a tenant in common with her brother's heirs
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: D. as a life tenant with her brother's heirs having remainder interests - CORRECT
ANSWER-B. in severalty
A. Estate in Reversion
Co-owners of a fee simple interest in a small office building are neither related to
B. Estate in Remainder nor a creditor to each other. One owner dies intestate. The surviving owner would
C. Estate Pur Autre Vie become the sole owner of the property under which of the following rights?
D. Estate for the life of another - CORRECT ANSWER-B. Estate in Remainder
A. adverse possession
B. reversionary interest
,C. survivorship
D. foreclosure - CORRECT ANSWER-C. survivorship A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
Three joint tenants with rights of survivorship own a parcel of land. One owner C. provide evidence that the owner is married
sells his interest to a long-time friend. After the conveyance, the remaining
original owners: D. subordinate the wife's signature to the buyer - CORRECT ANSWER-A.
terminate any rights the wife may have in the property
A. become tenants in common with each other
B. become tenants in common with each other and the newest owner 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.
C. become joint tenants with the newest owner 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
D. remain joint tenants with each other - CORRECT ANSWER-D. remain joint deed?
tenants with each other
A. tenancy by the entirety
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: B. tenancy in severalty
C. joint tenancy
A. a lien can be filed against the condominium complex D. tenancy in common - CORRECT ANSWER-D. tenancy in common
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 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
D. the taxing authority can order the condominium be dissolved - CORRECT property at the same time.
ANSWER-B. a lien can be filed against the neighbor's unit
A. I only
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: B. II only
, C. Both I and II 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
D. Neither I nor II - CORRECT ANSWER-C. Both I and II lot:
Which of the following would be considered real property? I. Electrical switch A. is the dominant tenement
plate covers II. Gas logs attached to a fireplace
B. serves as the servient tenement
C. can be cleared of the easement when it is sold to a third party
A. I only
D. is subject to an easement in gross - CORRECT ANSWER-A. is the dominant
B. II only
tenement
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II Which of the following liens generally holds first priority?
Jason's property is adjacent to a navigable river in North Carolina and Jason wants A. mortgage lien
to sell his property. Which of the following statements is true?
B. purchase money lien
C. ad valorem real estate tax lien
A. Jason can restrict the public from using that portion of the river that is next to
his property D. federal income tax lien - CORRECT ANSWER-C. ad valorem real estate tax
B. An owner can sell the property and retain his rights to access the river once it is lien
sold
C. Jason's land ends at the center of the waterway Title to real estate passes when a valid deed is:
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
A. signed and recorded
owner
can sell the property and retain his rights to access the river once it is sold B. signed, delivered and accepted
C. filed and microfilmed
EXAM WITH ACTUAL QUESTIONS AND
CORRECT VERIFIED ANSWERS (100% GUARANTEED 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:
PASS!!!)
A. Severance
B. Annexation
Which of the following is considered to have the greatest impact on the value of a C. Immobility
property?
D. Indestructibility - CORRECT ANSWER-B. Annexation
A. Area Preference
A deed conveyed ownership to a grantee "so long as the existing building on the
B. Permanence of Investment property is not destroyed." Following the transfer, the original grantor has what
type of interest?
C. Scarcity
D. Uniqueness - CORRECT ANSWER-A. Area Preference
A. Life Estate
B. ongoing ownership in the property that lasts as long as the condition
The concept by which land would increase automatically along a river or stream is
known as: C. Fee Simple Estate
D. Reversionary Estate - CORRECT ANSWER-D. Reversionary Estate
All of the following are physical characteristics of land except:
A. Accretion
B. Littoral Rights A. Indestructibility
C. Avulsion B. Uniqueness
,C. Immobility A person who acquired ownership that can be inherited, with the provision "that
the land must always be used for recreational purposes," has:
D. Scarcity - CORRECT ANSWER-D. Scarcity
A. a fee simple absolute estate
Under the doctrine of specific performance, the party harmed by breach of a real B. a defeasible fee
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. C. a fee simple to a condition subsequent estate
Which physical characteristic of land is the basis for the doctrine of specific
performance? D. an estate that cannot be sold - CORRECT ANSWER-B. a defeasible fee
A. Indestructibility 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:
B. Uniqueness
C. Immobility
A. as a joint tenant with right of survivorship with her brother's heirs
D. Permanence of Investment - CORRECT ANSWER-B. Uniqueness B. in severalty
C. as a tenant in common with her brother's heirs
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: D. as a life tenant with her brother's heirs having remainder interests - CORRECT
ANSWER-B. in severalty
A. Estate in Reversion
Co-owners of a fee simple interest in a small office building are neither related to
B. Estate in Remainder nor a creditor to each other. One owner dies intestate. The surviving owner would
C. Estate Pur Autre Vie become the sole owner of the property under which of the following rights?
D. Estate for the life of another - CORRECT ANSWER-B. Estate in Remainder
A. adverse possession
B. reversionary interest
,C. survivorship
D. foreclosure - CORRECT ANSWER-C. survivorship A. terminate any rights the wife may have in the property
B. defeat any curtsey rights
Three joint tenants with rights of survivorship own a parcel of land. One owner C. provide evidence that the owner is married
sells his interest to a long-time friend. After the conveyance, the remaining
original owners: D. subordinate the wife's signature to the buyer - CORRECT ANSWER-A.
terminate any rights the wife may have in the property
A. become tenants in common with each other
B. become tenants in common with each other and the newest owner 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.
C. become joint tenants with the newest owner 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
D. remain joint tenants with each other - CORRECT ANSWER-D. remain joint deed?
tenants with each other
A. tenancy by the entirety
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: B. tenancy in severalty
C. joint tenancy
A. a lien can be filed against the condominium complex D. tenancy in common - CORRECT ANSWER-D. tenancy in common
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 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
D. the taxing authority can order the condominium be dissolved - CORRECT property at the same time.
ANSWER-B. a lien can be filed against the neighbor's unit
A. I only
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: B. II only
, C. Both I and II 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
D. Neither I nor II - CORRECT ANSWER-C. Both I and II lot:
Which of the following would be considered real property? I. Electrical switch A. is the dominant tenement
plate covers II. Gas logs attached to a fireplace
B. serves as the servient tenement
C. can be cleared of the easement when it is sold to a third party
A. I only
D. is subject to an easement in gross - CORRECT ANSWER-A. is the dominant
B. II only
tenement
C. Both I and II
D. Neither I nor II - CORRECT ANSWER-C. Both I and II Which of the following liens generally holds first priority?
Jason's property is adjacent to a navigable river in North Carolina and Jason wants A. mortgage lien
to sell his property. Which of the following statements is true?
B. purchase money lien
C. ad valorem real estate tax lien
A. Jason can restrict the public from using that portion of the river that is next to
his property D. federal income tax lien - CORRECT ANSWER-C. ad valorem real estate tax
B. An owner can sell the property and retain his rights to access the river once it is lien
sold
C. Jason's land ends at the center of the waterway Title to real estate passes when a valid deed is:
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
A. signed and recorded
owner
can sell the property and retain his rights to access the river once it is sold B. signed, delivered and accepted
C. filed and microfilmed
