REAL ESTATE U COMPREHENSIVE REVIEW
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉Easement. Answer: - A right to cross or otherwise use someone
else's property for a specified purpose.
- An easement is a nonpossessory interest in land owned by another.
◉Easement in Gross. Answer: - A right of use in the land of another
without the requirement that the holder of the right own adjoining
land.
- Also known as a commercial easement in gross.
A utility company uses/owns this type of easement.
◉Mechanic's Lien. Answer: - A security interest in the title to
property for the benefit of those who have supplied labor or
materials that improve the property.
- A mortgage lien is an example of a specific lien.
- Example: You hired a contractor to renovate your home but refused
the pay the contractor. The contractor can file a mechanic's lien
against your property as a means to ultimately get paid.
,◉Fee Simple Estates. Answer: - Absolute ownership of real property;
a person has this type of estate where the person is entitled to the
entire property with unconditional power of disposition during the
person's life and descending to the person's heirs or distributees.
- Most properties in New York have a Fee Simple Absolute deed,
unless specified otherwise!
◉Conveyance. Answer: - The transfer of the title of land from one to
another. The means or medium by which title of real estate is
transferred.
- A deed is a document used to convey title legally to real property. A
deed is also called an instrument of conveyance.
◉Legal description. Answer: - The deed must contain as adequate
formal legal description.
- The legal description describes where the property is located and
the size of the lot.
- There are 3 acceptable types of property descriptions:
1) Metes and bounds
2) Description by reference, lot and block
3) Monuments
◉Full Covenant and Warranty Deed. Answer: - The Full Covenant
and Warranty deed contains the broadest form of guarantee of title
, of any type of deed and provides the greatest protection to the
grantee.
- The Full Covenant and Warranty deed includes the following
covenants:
1) Covenant of seisin - assures the grantee that the grantor holds the
title specified in the deed.
2) Covenant of right to convey - assures the grantee that the grantor
has the legal capacity to convey the title and has the title to convey.
3) Covenant against encumbrances - assures the grantee that no
encumbrances against the title except those set forth in the deed
itself exist.
4) Covenant of quiet enjoyment - assures the grantee that they will
have quiet enjoyment and possession of the property.
5) Covenant for further assurances
6) Covenant of warranty
◉Abstract of Title. Answer: A summary of all of the recorded
instruments and proceedings which affect the title to property,
arranged in the order in which they were recorded
◉Contracts. Answer: - In New York State, an individual must be at
least 18 years of age to enter into a contract.
- Minors (less than 18 years old) CANNOT enter into a contract. The
contract is voidable if signed by a minor.
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉Easement. Answer: - A right to cross or otherwise use someone
else's property for a specified purpose.
- An easement is a nonpossessory interest in land owned by another.
◉Easement in Gross. Answer: - A right of use in the land of another
without the requirement that the holder of the right own adjoining
land.
- Also known as a commercial easement in gross.
A utility company uses/owns this type of easement.
◉Mechanic's Lien. Answer: - A security interest in the title to
property for the benefit of those who have supplied labor or
materials that improve the property.
- A mortgage lien is an example of a specific lien.
- Example: You hired a contractor to renovate your home but refused
the pay the contractor. The contractor can file a mechanic's lien
against your property as a means to ultimately get paid.
,◉Fee Simple Estates. Answer: - Absolute ownership of real property;
a person has this type of estate where the person is entitled to the
entire property with unconditional power of disposition during the
person's life and descending to the person's heirs or distributees.
- Most properties in New York have a Fee Simple Absolute deed,
unless specified otherwise!
◉Conveyance. Answer: - The transfer of the title of land from one to
another. The means or medium by which title of real estate is
transferred.
- A deed is a document used to convey title legally to real property. A
deed is also called an instrument of conveyance.
◉Legal description. Answer: - The deed must contain as adequate
formal legal description.
- The legal description describes where the property is located and
the size of the lot.
- There are 3 acceptable types of property descriptions:
1) Metes and bounds
2) Description by reference, lot and block
3) Monuments
◉Full Covenant and Warranty Deed. Answer: - The Full Covenant
and Warranty deed contains the broadest form of guarantee of title
, of any type of deed and provides the greatest protection to the
grantee.
- The Full Covenant and Warranty deed includes the following
covenants:
1) Covenant of seisin - assures the grantee that the grantor holds the
title specified in the deed.
2) Covenant of right to convey - assures the grantee that the grantor
has the legal capacity to convey the title and has the title to convey.
3) Covenant against encumbrances - assures the grantee that no
encumbrances against the title except those set forth in the deed
itself exist.
4) Covenant of quiet enjoyment - assures the grantee that they will
have quiet enjoyment and possession of the property.
5) Covenant for further assurances
6) Covenant of warranty
◉Abstract of Title. Answer: A summary of all of the recorded
instruments and proceedings which affect the title to property,
arranged in the order in which they were recorded
◉Contracts. Answer: - In New York State, an individual must be at
least 18 years of age to enter into a contract.
- Minors (less than 18 years old) CANNOT enter into a contract. The
contract is voidable if signed by a minor.
