Pearson Vue Exam Questions &
Answers (Grade A+)
Real property interests include... -
correct answer ✅an appurtenance that goes with the land.
Examples: buildings, fences, trees, water rights, the ground below,
mineral rights, air rights, easements
What is a form of ownership that is restricted to husbands and
wives? -
correct answer ✅Tenancy by the entirety.
Each owns the entire parcel. Neither can separately convey and
interest during the other's life time. On the death of a spouse, the
survivor owns the property
Divorce would change this ownership to a tenancy in common
What would result from a condition in a deed?
a. fee simple
b. defeasible fee
c. chattels real.
,Pearson Vue Exam Questions &
Answers (Grade A+)
d. nonfreehold estate -
correct answer ✅B. Defeasible Fee
Fee simple determinable is a defeasible estate that could be lost
lost upon the happening of a specified condition.
If a deed specifies that a grant shall be only "for as long as"; or
while a property is in a particular use, the length of the estate is
really determined by the deed
J installed central air-conditioning in his home. the compressor unit,
which was located outside the home, would be regarded as what? -
correct answer ✅Real property
an investor's personal assets could be subject to a creditor's claim
in a... -
correct answer ✅General Partnership
An active partner and has unlimited personal liability for the debts
of the partnership. One general partner can personally obligate the
other general partners (Part of Tenancy in Partnership)
, Pearson Vue Exam Questions &
Answers (Grade A+)
How does an S corporation differ from other corporations? -
correct answer ✅Its investors have no personal liability
A tenant in a commercial building installed a large sign that was
anchored to the building with steel rods. Which term properly
describes the sign?
A.Fixture
B. Trade fixture
C. Real Property
D. Emblement -
correct answer ✅B. Trade Fixture
Installed by a tenant for the purpose of conducting a business or
trade.
A tenant can remove a trade fixture but is liable for removal
damage to real property .
What type of real property description would include reference to
an iron stake? -
correct answer ✅Metes and bounds (aka measurements and
directions)
Answers (Grade A+)
Real property interests include... -
correct answer ✅an appurtenance that goes with the land.
Examples: buildings, fences, trees, water rights, the ground below,
mineral rights, air rights, easements
What is a form of ownership that is restricted to husbands and
wives? -
correct answer ✅Tenancy by the entirety.
Each owns the entire parcel. Neither can separately convey and
interest during the other's life time. On the death of a spouse, the
survivor owns the property
Divorce would change this ownership to a tenancy in common
What would result from a condition in a deed?
a. fee simple
b. defeasible fee
c. chattels real.
,Pearson Vue Exam Questions &
Answers (Grade A+)
d. nonfreehold estate -
correct answer ✅B. Defeasible Fee
Fee simple determinable is a defeasible estate that could be lost
lost upon the happening of a specified condition.
If a deed specifies that a grant shall be only "for as long as"; or
while a property is in a particular use, the length of the estate is
really determined by the deed
J installed central air-conditioning in his home. the compressor unit,
which was located outside the home, would be regarded as what? -
correct answer ✅Real property
an investor's personal assets could be subject to a creditor's claim
in a... -
correct answer ✅General Partnership
An active partner and has unlimited personal liability for the debts
of the partnership. One general partner can personally obligate the
other general partners (Part of Tenancy in Partnership)
, Pearson Vue Exam Questions &
Answers (Grade A+)
How does an S corporation differ from other corporations? -
correct answer ✅Its investors have no personal liability
A tenant in a commercial building installed a large sign that was
anchored to the building with steel rods. Which term properly
describes the sign?
A.Fixture
B. Trade fixture
C. Real Property
D. Emblement -
correct answer ✅B. Trade Fixture
Installed by a tenant for the purpose of conducting a business or
trade.
A tenant can remove a trade fixture but is liable for removal
damage to real property .
What type of real property description would include reference to
an iron stake? -
correct answer ✅Metes and bounds (aka measurements and
directions)
