Real Estate Law – Questions With All Correct
Solutions
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Practice questions for this set
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Interests, benefits, and rights associated with real estate ownership
Choose an answer
1 Counter Offer 2 Real Property
3 Estate by Survivorship Deed 4 Tenant's Fixture
Don't know?
Terms in this set (50)
Real Property Interests, benefits, and rights associated with real
estate ownership
Counter Offer A new offer made as a reply to an offer recieved. It
has the effect of rejecting the original offer, which
cannot be accepted thereafter unless revived by the
offeror.
, Improvement Any valuable addition made to real property that
goes beyond mere repair or replacements.
Tenancy in Common A form of joint ownership of property by 2 or more
persons with undevided shares; ownership passes by
devise or decent instead of by survivorship.
Small Claims Court a court in which a civil action for a small a amount,
typically up to $3,000, can be filed
Tenant's Fixture Fixture to remain personal property of a tenant upon
lease termination.
Recorder of Deeds the county office in which matters relating to the real
estate located within that county are filed.
Limited Warrenty Favors the grantor.
Transfer on Death Affidavit Beneficiary only owns if the grantor hasn't sold the
property before the grantor dies.
Civil Court disagreement or dispute between two people that
doesn't violate the law
Criminal Court When someone breaks or violates the law
Easement by Perscription when someone has made use of anothers land and
that person knows or should have known, but the use
happens for 10-21 years then that person gets the
land.
Sued by State 28 days to answer or you've lost the case.
Estate by Survivorship Deed No longer exists unless it was created before 1974.
Novation the substitution of a new contract in place of the
original
Solutions
Save Groups
Practice questions for this set
Learn 1 /7 Study using Learn
Interests, benefits, and rights associated with real estate ownership
Choose an answer
1 Counter Offer 2 Real Property
3 Estate by Survivorship Deed 4 Tenant's Fixture
Don't know?
Terms in this set (50)
Real Property Interests, benefits, and rights associated with real
estate ownership
Counter Offer A new offer made as a reply to an offer recieved. It
has the effect of rejecting the original offer, which
cannot be accepted thereafter unless revived by the
offeror.
, Improvement Any valuable addition made to real property that
goes beyond mere repair or replacements.
Tenancy in Common A form of joint ownership of property by 2 or more
persons with undevided shares; ownership passes by
devise or decent instead of by survivorship.
Small Claims Court a court in which a civil action for a small a amount,
typically up to $3,000, can be filed
Tenant's Fixture Fixture to remain personal property of a tenant upon
lease termination.
Recorder of Deeds the county office in which matters relating to the real
estate located within that county are filed.
Limited Warrenty Favors the grantor.
Transfer on Death Affidavit Beneficiary only owns if the grantor hasn't sold the
property before the grantor dies.
Civil Court disagreement or dispute between two people that
doesn't violate the law
Criminal Court When someone breaks or violates the law
Easement by Perscription when someone has made use of anothers land and
that person knows or should have known, but the use
happens for 10-21 years then that person gets the
land.
Sued by State 28 days to answer or you've lost the case.
Estate by Survivorship Deed No longer exists unless it was created before 1974.
Novation the substitution of a new contract in place of the
original
