COLORADO REAL ESTATE FINAL EXAM 2026 ACTUAL
QUESTIONS AND SOLUTIONS RATED A+
✔✔the government must meet all of the following requirements in order to exercise its
rights of eminent domain during condemnation except: - ✔✔
✔✔a person who has complete control over a parcel of real estate is said to own a: -
✔✔
✔✔when a life estate terminates a new person inherits whatever remains in the new
estate. the name of the estate which remains is referred to: - ✔✔
✔✔the remnant of an estate that the grantor holds after he's granted a life estate to
another person, if the estate will return to the Grantor, is: - ✔✔
✔✔which of the following is not a police power? - ✔✔
✔✔joint tenancy is created by: - ✔✔
✔✔the most comprehensive type of ownership of land is: - ✔✔
✔✔Sandy Jacobs and Eva Cole bought a store building and took the title as joint
tenants. Cole died testate. Jacob's now owns the store: - ✔✔
✔✔all of the ownership rights that transfer with a fee simplest day are known as: - ✔✔
✔✔Herman sold his unit and had to pay a stock transfer fee. he sold his: - ✔✔
✔✔one important element of an estate held in joint tenancy is: - ✔✔Ownership must be
equal
✔✔an estate of inheritance or a life estate is known as: - ✔✔
✔✔Mr acreman least a property for 5 years to Mr bones. during this term Mr Ackerman
died and then Mr Bones discovered that Mr ackerman's interest was a life estate. the
owner of the property was correct in advocating which of the following? - ✔✔
✔✔TAX BILL - ✔✔ASSESED VALUE x TAX RATE (MILL LEVY)
✔✔ASSESSED VALUE - ✔✔MARKET VALUE OF A PROPERTY x ASSESSMENT
✔✔MILL - ✔✔ONE-TENTH OF ONE CENT OR .001
,✔✔Special Assessment - ✔✔LIEN AGAINST SPECIFIC PROPERTIES WHICH
BENEFIT FROM PUBLIC IMPROVEMENTS
✔✔Mechanic's Lien - ✔✔FOR A SERVICE OR WORK DONE ON A PROPERTY
✔✔JUDGEMENT LIEN - ✔✔GENERAL LEIN, APPLIED BY A COURT OF LAW,
ATTACHES TO EVERYTHING THAT YOU OWN
✔✔VENDOR'S LEIN - ✔✔FROM A SUPPLIER RATHER THAN CONTRACTOR,
SPECIFIC LIEN WHICH ATTACHES TO ONE PROPERTY
✔✔VENDEE'S LIEN - ✔✔FILES BY THE HOMEOWNER AGAINST A CONTRACTOR
OR VENDOR FOR POOR WORK, GENERAL LIEN APPLY TO EVERYTHING THAT
THEY OWN.
✔✔INCOME TAX LIEN - ✔✔GENERAL LIEN, JUDGEMENT AGAINST ALL
PROPERTY FOR FAILUR TO PAY REAL ESTATE TAXES
✔✔MUNICIPAL UTILITIES LIEN - ✔✔FAILURE TO PAY MUNICIPAL UTILITY BILLS
✔✔LIS PENDENS - ✔✔PENDING LIEN WITH INTENTION TO FILE WHICH COULD
PREVENT THE TRANSFER OR SALE OF PROPERTY.
✔✔A lien is a monetary claim that if unpaid awards the lien holder the right of: -
✔✔foreclosure
✔✔The easement that is not created for the benefit of the land owned by the owner of
the easement, but that attaches personally to the easement owner is known as an: -
✔✔easement in gross
✔✔A mechanic's lien is properly classified as a(n): - ✔✔EQUITABLE, INVOLUNTARY,
SPEC
✔✔The permanent right to use another's land for the benefit of a neighboring parcel is
known as: - ✔✔An appurtenant easement
✔✔A charge levied by a local government to finance improvements such as repairing
sidewalks in a neighborhood is: - ✔✔an assessment
✔✔Special assessment - ✔✔Tax only on property directly benefiting from an
improvement
✔✔This type of lien is created by law. It is known as: - ✔✔a statutory lien
, ✔✔Statutory liens - ✔✔are mandates by law and as such do not require a court order to
enforce.
✔✔A lien that covers all real and personal property of the debtor within the county
where recorded is a: - ✔✔judgment lien
✔✔Judgment Lien - ✔✔(a general lien) is a lien that covers all real and personal
property of the debtor.
✔✔The easement that is not created for the benefit of the land owned by the owner of
the easement, but that attaches personally to the easement owner is known as an: -
✔✔easement in gross
✔✔The term for something that grants the right to use another's land for a specific
purpose, and is considered an incorporeal interest in land is: - ✔✔an easement
✔✔Real estate property taxes are: - ✔✔specific - involuntary liens
✔✔Property taxes are also referred to as: - ✔✔ad valorem
✔✔Ad valorem means - ✔✔according to value.
✔✔The type of lien which takes priority over all other liens, and has the first claim
against a property is called: - ✔✔a property tax lien
✔✔A tax lien is a lien imposed: - ✔✔By law upon a property to secure the payment of
taxes
✔✔What kind of liens come from judgments (i.e. courts)? - ✔✔general liens (against
everything the lienee owns)
✔✔A lien placed on the property without the consent of the owner is known as a(n): -
✔✔involuntary lien
✔✔Which of the following is true regarding easements? - ✔✔An easement is an
encumbrance
✔✔Condemnation of private property for public use is called the right of: - ✔✔eminent
domain
✔✔Which of the following is a lien on real estate? - ✔✔Mortgage
QUESTIONS AND SOLUTIONS RATED A+
✔✔the government must meet all of the following requirements in order to exercise its
rights of eminent domain during condemnation except: - ✔✔
✔✔a person who has complete control over a parcel of real estate is said to own a: -
✔✔
✔✔when a life estate terminates a new person inherits whatever remains in the new
estate. the name of the estate which remains is referred to: - ✔✔
✔✔the remnant of an estate that the grantor holds after he's granted a life estate to
another person, if the estate will return to the Grantor, is: - ✔✔
✔✔which of the following is not a police power? - ✔✔
✔✔joint tenancy is created by: - ✔✔
✔✔the most comprehensive type of ownership of land is: - ✔✔
✔✔Sandy Jacobs and Eva Cole bought a store building and took the title as joint
tenants. Cole died testate. Jacob's now owns the store: - ✔✔
✔✔all of the ownership rights that transfer with a fee simplest day are known as: - ✔✔
✔✔Herman sold his unit and had to pay a stock transfer fee. he sold his: - ✔✔
✔✔one important element of an estate held in joint tenancy is: - ✔✔Ownership must be
equal
✔✔an estate of inheritance or a life estate is known as: - ✔✔
✔✔Mr acreman least a property for 5 years to Mr bones. during this term Mr Ackerman
died and then Mr Bones discovered that Mr ackerman's interest was a life estate. the
owner of the property was correct in advocating which of the following? - ✔✔
✔✔TAX BILL - ✔✔ASSESED VALUE x TAX RATE (MILL LEVY)
✔✔ASSESSED VALUE - ✔✔MARKET VALUE OF A PROPERTY x ASSESSMENT
✔✔MILL - ✔✔ONE-TENTH OF ONE CENT OR .001
,✔✔Special Assessment - ✔✔LIEN AGAINST SPECIFIC PROPERTIES WHICH
BENEFIT FROM PUBLIC IMPROVEMENTS
✔✔Mechanic's Lien - ✔✔FOR A SERVICE OR WORK DONE ON A PROPERTY
✔✔JUDGEMENT LIEN - ✔✔GENERAL LEIN, APPLIED BY A COURT OF LAW,
ATTACHES TO EVERYTHING THAT YOU OWN
✔✔VENDOR'S LEIN - ✔✔FROM A SUPPLIER RATHER THAN CONTRACTOR,
SPECIFIC LIEN WHICH ATTACHES TO ONE PROPERTY
✔✔VENDEE'S LIEN - ✔✔FILES BY THE HOMEOWNER AGAINST A CONTRACTOR
OR VENDOR FOR POOR WORK, GENERAL LIEN APPLY TO EVERYTHING THAT
THEY OWN.
✔✔INCOME TAX LIEN - ✔✔GENERAL LIEN, JUDGEMENT AGAINST ALL
PROPERTY FOR FAILUR TO PAY REAL ESTATE TAXES
✔✔MUNICIPAL UTILITIES LIEN - ✔✔FAILURE TO PAY MUNICIPAL UTILITY BILLS
✔✔LIS PENDENS - ✔✔PENDING LIEN WITH INTENTION TO FILE WHICH COULD
PREVENT THE TRANSFER OR SALE OF PROPERTY.
✔✔A lien is a monetary claim that if unpaid awards the lien holder the right of: -
✔✔foreclosure
✔✔The easement that is not created for the benefit of the land owned by the owner of
the easement, but that attaches personally to the easement owner is known as an: -
✔✔easement in gross
✔✔A mechanic's lien is properly classified as a(n): - ✔✔EQUITABLE, INVOLUNTARY,
SPEC
✔✔The permanent right to use another's land for the benefit of a neighboring parcel is
known as: - ✔✔An appurtenant easement
✔✔A charge levied by a local government to finance improvements such as repairing
sidewalks in a neighborhood is: - ✔✔an assessment
✔✔Special assessment - ✔✔Tax only on property directly benefiting from an
improvement
✔✔This type of lien is created by law. It is known as: - ✔✔a statutory lien
, ✔✔Statutory liens - ✔✔are mandates by law and as such do not require a court order to
enforce.
✔✔A lien that covers all real and personal property of the debtor within the county
where recorded is a: - ✔✔judgment lien
✔✔Judgment Lien - ✔✔(a general lien) is a lien that covers all real and personal
property of the debtor.
✔✔The easement that is not created for the benefit of the land owned by the owner of
the easement, but that attaches personally to the easement owner is known as an: -
✔✔easement in gross
✔✔The term for something that grants the right to use another's land for a specific
purpose, and is considered an incorporeal interest in land is: - ✔✔an easement
✔✔Real estate property taxes are: - ✔✔specific - involuntary liens
✔✔Property taxes are also referred to as: - ✔✔ad valorem
✔✔Ad valorem means - ✔✔according to value.
✔✔The type of lien which takes priority over all other liens, and has the first claim
against a property is called: - ✔✔a property tax lien
✔✔A tax lien is a lien imposed: - ✔✔By law upon a property to secure the payment of
taxes
✔✔What kind of liens come from judgments (i.e. courts)? - ✔✔general liens (against
everything the lienee owns)
✔✔A lien placed on the property without the consent of the owner is known as a(n): -
✔✔involuntary lien
✔✔Which of the following is true regarding easements? - ✔✔An easement is an
encumbrance
✔✔Condemnation of private property for public use is called the right of: - ✔✔eminent
domain
✔✔Which of the following is a lien on real estate? - ✔✔Mortgage
