REAL 4000: UGA Martin -Final Exam
with Correct Answers 2026 updated.
Suppose that Bruce sold a property to Steve. Bruce gave Steve an interest in the property so
long as Steve is alive. Once Steve dies the property will pass to Dave as a fee simple absolute
estate. Dave's interest in the property after the sale to Steve and while Steve remains alive is
known as a :
life estate.
fee simple conditional estate.
reverter.
fee simple absolute estate.
remainder. - Answer Remainder Estate
A type of development that is evaluated based on its overall site plan and not on whether it
complies with all of the requirements of a zoning ordinance is known as a:
planned unit development.
flex-concept development.
community-based development.
new urbanist development. - Answer Planned Unit Development
Suppose that a certain property is located in a state that uses the government rectangular
survey system for legal descriptions of property. If the property is located 49 miles north and 32
miles west of the starting point for property descriptions, which township is it located in?
T9N R5W
T9N R6W
T8N R6W
T8N R5W - Answer T9N R5W
Brent and Troy own adjacent properties. Troy holds an easement that gives him the right to use
a portion of Brent's property as a driveway. This is an example of an easement ____ in which
Troy holds the ____ estate.
appurtenant, dominant
in gross, servient
in gross, dominant
appurtenant, servient - Answer Appurtenant, Dominant
, Which ONE of the following is a true statement regarding what is required for a deed to be
valid?
Neither the grantee nor the grantor need to be of legal age.
Only the grantee needs to be of legal age.
Only the grantor need to be of legal age.
Both the grantor and the grantee must be of legal age. - Answer Only the Grantor Needs to
be of Legal Age
Which ONE of the following is an example of a voluntary conveyance with a deed?
The typical real estate transaction.
When an individual gains possession of a property via adverse possession.
When the government uses its power of eminent domain against a property owner.
An implied easement. - Answer The Typical Real Estate Transaction
Property owners frequently want to sell property that they own while placing restrictions on
how future owners can use the property. In class we covered two methods for achieving this
goal. The two methods that we covered:
Placing a lien on the property and creating a life estate.
Creating a deed restriction and placing a lien on the property.
Creating a fee simple conditional estate and placing a lien on the property.
Creating a life estate and creating deed restrictions.
Creating a fee simple conditional estate and creating deed restrictions. - Answer Creating a
FEE SIMPLE CONDITIONAL ESTATE & CREATING DEED RESTRICTIONS
The right of ____________________ refers to the right to get rid of any interest that you may
have in a piece of real estate.
disposition.
quiet enjoyment.
discernment.
exclusive possession.
use and enjoyment. - Answer Diposition
An item that starts off as personal property but becomes real property through annexation to
the existing real property. - Answer Fixture
Which ONE of the following options most accurately states the year that the U.S. housing prices
hit their LOWEST level during the real estate boom and bust that occurred between 2000 and
2015?
with Correct Answers 2026 updated.
Suppose that Bruce sold a property to Steve. Bruce gave Steve an interest in the property so
long as Steve is alive. Once Steve dies the property will pass to Dave as a fee simple absolute
estate. Dave's interest in the property after the sale to Steve and while Steve remains alive is
known as a :
life estate.
fee simple conditional estate.
reverter.
fee simple absolute estate.
remainder. - Answer Remainder Estate
A type of development that is evaluated based on its overall site plan and not on whether it
complies with all of the requirements of a zoning ordinance is known as a:
planned unit development.
flex-concept development.
community-based development.
new urbanist development. - Answer Planned Unit Development
Suppose that a certain property is located in a state that uses the government rectangular
survey system for legal descriptions of property. If the property is located 49 miles north and 32
miles west of the starting point for property descriptions, which township is it located in?
T9N R5W
T9N R6W
T8N R6W
T8N R5W - Answer T9N R5W
Brent and Troy own adjacent properties. Troy holds an easement that gives him the right to use
a portion of Brent's property as a driveway. This is an example of an easement ____ in which
Troy holds the ____ estate.
appurtenant, dominant
in gross, servient
in gross, dominant
appurtenant, servient - Answer Appurtenant, Dominant
, Which ONE of the following is a true statement regarding what is required for a deed to be
valid?
Neither the grantee nor the grantor need to be of legal age.
Only the grantee needs to be of legal age.
Only the grantor need to be of legal age.
Both the grantor and the grantee must be of legal age. - Answer Only the Grantor Needs to
be of Legal Age
Which ONE of the following is an example of a voluntary conveyance with a deed?
The typical real estate transaction.
When an individual gains possession of a property via adverse possession.
When the government uses its power of eminent domain against a property owner.
An implied easement. - Answer The Typical Real Estate Transaction
Property owners frequently want to sell property that they own while placing restrictions on
how future owners can use the property. In class we covered two methods for achieving this
goal. The two methods that we covered:
Placing a lien on the property and creating a life estate.
Creating a deed restriction and placing a lien on the property.
Creating a fee simple conditional estate and placing a lien on the property.
Creating a life estate and creating deed restrictions.
Creating a fee simple conditional estate and creating deed restrictions. - Answer Creating a
FEE SIMPLE CONDITIONAL ESTATE & CREATING DEED RESTRICTIONS
The right of ____________________ refers to the right to get rid of any interest that you may
have in a piece of real estate.
disposition.
quiet enjoyment.
discernment.
exclusive possession.
use and enjoyment. - Answer Diposition
An item that starts off as personal property but becomes real property through annexation to
the existing real property. - Answer Fixture
Which ONE of the following options most accurately states the year that the U.S. housing prices
hit their LOWEST level during the real estate boom and bust that occurred between 2000 and
2015?
