PEARSON VUE COMPLETE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS
GUARANTEED PASS
◉ What is a form of ownership that is restricted to husbands and wives?
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.
d. nonfreehold estate 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?
Answer: Real property
◉ an investor's personal assets could be subject to a creditor's claim in
a... 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)
◉ How does an S corporation differ from other corporations? 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 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? Answer: Metes and bounds (aka measurements and
directions)
Shows the boundaries of parcel by measuring from point to point. The
measuring points in a metes-and-bounds description are known as
monuments.
Two types of monuments:
-natural monuments: tress, rocks, rivers
-artificial monuments: iron stakes, fences, roads
◉ A tenancy in common differs from a joint tenancy in that... Answer:
tenants in common may have unequal interests
◉ Chattels real differ from appurtenances in that they Answer: Are
personal property
The definition of chattel refers to all personal property (things you own
other than real estate).
FULL QUESTIONS AND SOLUTIONS
GUARANTEED PASS
◉ What is a form of ownership that is restricted to husbands and wives?
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.
d. nonfreehold estate 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?
Answer: Real property
◉ an investor's personal assets could be subject to a creditor's claim in
a... 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)
◉ How does an S corporation differ from other corporations? 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 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? Answer: Metes and bounds (aka measurements and
directions)
Shows the boundaries of parcel by measuring from point to point. The
measuring points in a metes-and-bounds description are known as
monuments.
Two types of monuments:
-natural monuments: tress, rocks, rivers
-artificial monuments: iron stakes, fences, roads
◉ A tenancy in common differs from a joint tenancy in that... Answer:
tenants in common may have unequal interests
◉ Chattels real differ from appurtenances in that they Answer: Are
personal property
The definition of chattel refers to all personal property (things you own
other than real estate).
