COLIBRI REAL ESTATE FINAL EXAM / LATEST CALIBRI REA
u u u u u u u u
L ESTATE ACTUAL FINAL EXAM COMPLETE REAL EXAM Q
u u u u u u u u
UESTIONS AND WELL ELABORATED ANSWERS (100% CO
u u u u u u
RRECT VERIFIED ANSWERS) LATEST UPDATES |GUARAN
u u u u u
TEED PASS. (FULL REVISED EXAM)
u u u u
TheuRitchieufamilyuhasupututheiruhomeuonutheumarket.uTheuSampsonsumakeuanuofferuon
utheuRitchies'uhome.uSuddenly,utheuRitchiesudecideunotutousellutheiruhome.uTheyuexplai
nutouSara,utheiruagent,uthatutheuSampsonsu"aren'tuquiteuright"uforutheuneighborhood.u
WhatushoulduSaraudo?u-
uANSWER:uSaraumustuexplainutoutheuRichiesuthatusheucannotuethicallyuremoveuauproper
tyufromutheumarket,uafteruanuofferuhasubeenumade,utousidestepuaupurchaseubyuauparty.
SaraumustuwithdrawuherselfufromutheurelationshipuwithutheuRitchiesuorufromuanyusituat
ionuwhereuclientudiscriminationuoccurs.
JohnuisustudyinguforuhisuCaliforniaurealuestateulicense.uHeuisustudyingufederalulaw,ustateu
law,uandulocalulaw.uNow,uheuisutryingutougetuauhandleuonusomethingucalledu"Professiona
luCode."uWhatusourceuhasunouinputuonutheutopicuJohnuisucurrentlyustudying?u-
uANSWER:uTheuBetteruBusinessuBureau®
MarthauanduLizuhaveuapplieduforuaumortgage.uTheyubothuhaveuexcellentucredituanduvery
usuccessfulucareersuandutheyuareuperfectuonupaper.uMarthauanduLizuareupartnersuanduar
euexpectingutheubirthuofutheirufirstuchildutogether.uTheyuareudenieduauloan.uWhat'sutheuv
iolationuhere?u-
uANSWER:uMarthauanduLizuhaveubeenudeniedutheufulluprotectionuofutheuEqualuCredituOp
portunityuActu(ECOA).uTheuECOAuisuaupartuofutheuFairuFinancinguLaws.
Jenniferuisuausingleumotherulookinguforuauplaceutoulive.uSheuseesuanuaduonuFacebookubyu
auprivateuowneruwhichustatesu"Nouyounguchildrenubecauseuofupool".uWoulduthisubeuauF
airuHousinguViolation?u-
uANSWER:uYes.uPrivateuownersucannotuadvertiseuagainstuauprotecteduclass.
WhileuwaitinguinutheulobbyuofutheuFairuRealuEstateuCompany'suoffice,uSamiruanduRhadik
auoverhearuanuagentutelluclients,u"Youuwouldn'tubeuhappyuinuTHATuneighborhood.uIt'suv
eryu"colorful,"uifuyouuknowuwhatuIumean."uWhichurulingubyutheuSupremeuCourtudealtuwi
thuthisuissue?u-
uANSWER:uAlludiscriminationuanduappearancesuofudiscriminationuinusellinguorurentingur
esidentialupropertyubaseduonuraceuanducoloruisuprohibiteduunderutheuprovisionsuofutheu
CiviluRightsuActuofu1866,uJonesuv.uMayer.
Janeufeelsusheuhasubeenudiscriminateduagainstuinuherusearchuforuaunewuhome.uShe'suausi
ngleumotheruofutwouwhouworksufullutime.uWhereudoesusheugouwithuaucomplaint?u-
uANSWER:uTheuOfficeuofuFairuHousinguanduEqualuOpportunityu(OFHEO)
,JohnuisustillustudyinguforuhisuCaliforniaurealuestateulicense.uOnceuagain,uheuisuhavinguaudi
fficultutimeukeepinguareasustraight.uHelpuJohnuwithutheulargestuareauofutheuNARuCodeuo
fuEthicsuStandardsuanduPractices.u-uANSWER:uArticleu16u-
uEthicsuanduAgencyuRelationships
Johnuisutryingutoukeeputhingsustraightuwhileuheustudies.uHe'suhavinguauroughutimeudistin
guishingufederaluandustateulegislation.uHelpuJohnuwithutheuprimaryufocusuofufederalulegi
slation.u-uANSWER:uAnti-discriminationulawsuandufairutradeupractices
Janeuhasufileduherucomplaintuofudiscrimination.uSheualsouwantsutouseekusomeusortuofupu
nitiveudamages.uWhatuareuheruoptions,uifuany?u-
uANSWER:uJaneumayufileusuituwithinutwouyearsuofutheuviolation.uSheumayuseekuaurestrai
ninguorder,uactualudamages,uandupunitiveudamagesuofuuputou$1,000.
AgentuSmithutellsutheuJacobufamilyutheuFernwooduneighborhooduisubeautiful,uattractiv
e,uanduhighlyudesirable.uTheunextuday,uAgentuSmithutellsutheuMillerufamilyuthatuFernwo
oduisudeteriorating,uvaluesuareufalling,uandutheuschooludistrictuisulessuthanustellar.uName
utheuformuofuillegaludiscrimination.u-uANSWER:uSteering
Jonathanudecidesutouselluhisuhomeuandutransferualluofuhisupropertyuownershipurightsutou
theunewubuyer.uThisubundlinguandusellinguofurightsuisuknownuas:u-
uANSWER:uLiveryuofuSeisin
Johnulivesuinuanuapartmentuandueachumonthupaysuhisurentalupayments.uHeuisualsouconsi
dereduaustockholderuinuhisubuildinguanduownsuproperty.uInuwhatutypeuofuapartmentudo
esuJohnulive?u-uANSWER:uCooperative
Toutakeuprivateupropertyuthroughueminentudomain,uthreeustepsumustubeutakenubyutheu
stateuorulocalugovernment.uWhatuareuthey?u-
uANSWER:uTheupropertyuownerumustubeupaiducompensationuforutheuproperty.uTheupro
pertyumustubeuforupublicugooduoruuse.uTheuownerumustuhaveudueuprocessuinutheucourtu
system.
TheuPercyufamilyuhaveupurchaseduauheavilyuwoodedupropertyuinuNorthernuCalifornia.uT
heyuareuplanningutoubuilduauguestuhouseuoffutheumainuhouseuforuentertaining.uInutheupr
ocess,umanyutreesuwilluneedutoubeucleared.uTheufamilyuisuplanningutousellutheuwoodutout
heuneighborsuasufirewood.uWhichuprocessuapplies?u-uANSWER:uSeverance
Melinda'sumotherurecentlyupasseduaway.uSheuisuthinkinguofusellinguherubelongingsuinua
nuestateusale.uDuringuheruresearch,usheucameuacrossurealuandupersonalupropertyuregula
tionsuandulaws.uPleaseuhelpuMelindauunderstandutheulegaludifference(s)ubetweenurealu
andupersonaluproperty.u-
uANSWER:uTaxulawsuoftenudistinguishubetweenurealuandupersonaluproperty.
Anuagreementuforuausaleuofurealupropertyumustubeuinuwritinguandusignedubyutheupartyut
oubeucharged.uIfutheuamountuoruvalueuisu$500uorumore,uanuagreementuforutheusaleuofupe
rsonalupropertyumustubeuinuwriting.
,Whichuofutheufollowinguisunotuconsidereduoneuofutheufiveueconomicucharacteristicsuoful
and?u-
uANSWER:uEachuparceluofulanduhasuitsuownunonhomogeneousucharacteristics.uNoutwou
propertiesuareutheusame.
Auviolentustormucomesuinufromutheuocean,uhittingutheubeachfrontupropertiesuwithudest
ructiveuforce.uWhenutheuMeyersureturnutoutheiruhome,utheyufindutheubeachuhasudisapp
earedufromutheiruproperty.uWhichutermudescribesutheudamage?u-uANSWER:uAvulsion
JeremyuopeneduaucoffeehouseuinuauspaceuleasedufromuMariauanduRenaldo.uAuweekubef
oreuhisuleaseuexpired,uJeremyumovedutouaunewulocationuwithoutuhisucommercialumicro
waveuwhichuwasuattachedutoutheucounter.uEighteenudaysufollowingunoticeuofuJeremy'su
rightutoureclaimutheumicrowave,uMariauanduRenaldousoldutheumicrowaveuatuauction.uJe
remyuisufuriousuanduthreateningulegaluaction.uDoesuheuhaveuausuit?u-
uANSWER:uNo,uJeremyudoesunotuhaveuaucase.uSinceutheumicrowaveuwasunotureclaimedu
duringutheuperioduallowedubyulaw.
GaryuanduPauluhaveuwoodenushuttersuinstalleduthroughoututheiruhome.uAufewuyearsulat
er,uPauluisupromotedubyuhisuemployeruandutransferredutouanotherucity.uGaryuwantsutout
akeutheuwoodenushuttersutoutheirunewuhome.uPauluinsistsutheyumusturemainuwithutheuh
ome.uWhichuofutheufiveutestsuforurealuandupersonalupropertyuapplies?u-
uANSWER:uMethoduofuAttachment
Adaptability
Intent
Whichuofutheufollowinguisunotuauwateruright?u-uANSWER:uAlluvialuRight
SuzetteuisuleasinguaucondoufromutheuGarcias.uSheuhasubeenurentingutheucondouforuoveru
threeuyears.uSheurenewsutheuleaseueachuyearuand,ubecauseuofuheruloyaltyuanduexempla
rilyurentaluhistory,utheuGarcia'suallowuherutoumakeuanyudécoruchangesusheuwishes.uWhic
huofutheufollowingustatementsuisutrueuaboututheurelationshipubetweenutheuGarciasuandu
Suzette?u-
uANSWER:uTheuGarciasuownutheucondouinufreeholdubuturentuitutouSuzetteuinuleasehold.
PatriceuanduMichaeluareuinutheuprocessuofurefinancingutheirutownhouse.uTheumortgageu
companyucallsuandugivesutheucoupleutheunewsutheyuhaveuaulienuonutheiruhomeuforunon-
paymentuofutheupreviousuyear'supropertyutaxes.uWhatutypeuofulienuisuonutheiruproperty
?uWhatudoutheyuneedutoudoutouremedyutheirusituation?u-
uANSWER:uPatriceuanduMichaeluhaveuanuinvoluntaryulienuplaceduonutheiruhomeuforudeli
nquentupropertyutaxes.uTheucoupleuneedsutoupayutheutaxes,uanyuinterestuand/orulateufe
es,uanduhaveutheulienuremoved.
Whichuofutheufollowinguisunotuconsidereduoneuofutheusixudistinctuformsuofuownershipuinu
California?u-uANSWER:uVoluntaryuTenancy
ChristineuanduScottuhaveubeenumarrieduforufifteenuyears.uTheyuhaveuthreeuchildren,uauh
ome,uanduauvacationuhome.uTheucoupleupurchasedutheiruhomeutogetheruafterutheiruma
, rriage,ubutuScottuownedutheuvacationupropertyupriorutoutheuunion.uChristineuanduScottu
areunowugettingudivorced.uChristineuwantsuhalfuofutheiruresidenceuanduhalfuofutheuown
ershipuofutheuvacationuproperty.uAtutimesutheyuhaveurentedutheuvacationuhomeuanduth
euproceedsuhaveugoneutoutheirujointubankuaccount.uDoesuChristineuhaveuanyulegalurightu
toutheuownershipuofutheuvacationuhome?u-
uANSWER:uNo,uScottucameutoutheumarriageuwithutheuvacationuproperty,uthereforeuitum
ayuremainuauseparateuproperty.uHowever,udueutoutheucomminglinguofutheurentaluproce
edsufromutheupropertyuinutheujointuaccount,usheudoesuhaveuaurightutouhalfutheuproceeds.
TeduanduJackuareusellingutheiruhomeutouDuncanuanduGary.uUponutheutitleusearch,utheutit
leucompanyudiscoversuTeduanduJack'suhomeuisufreeuofuanyuliensuoruproblemsuanducanube
ueasilyusold.uTeduanduJack'supropertyuholdsuwhichutypeuofutitle?u-
uANSWER:uMarketableuTitle
HEH,uInc.uownsuaulargeuparceluofulanduwhichuwillubeuuseduforucommercialudevelopment
.uUponutheusaleuofutheupropertyutouHEH,uInc.,utheugrantoruinuauwrittenuagreementuestab
lishedutheulakeumayuneverubeutoucheduandutheupropertyumayuonlyubeuuseduforucommer
cialupurposes.uWhichutypeuofuprivateudeedurestrictionuisuinuplaceuforuHEH,uInc.'suproper
ty?u-uANSWER:uCovenant
Penelopeuisuinteresteduinubuyinguau150-year-
olduhistoricaluhomeuinuSanuFrancisco.uIfuPenelopeudecidesutoupurchaseutheuhome,uitumu
stubeuonutheuconditionutheuoriginaluarchitecturalufeaturesuareuneveruremovedufromuthe
uhome.uAdditionally,uifuPenelopeubuysutheuhomeuanduthenusellsuituatusomeupoint,utheusa
meuconditionumustubeuinutheusalesucontract,uandusouon.uWhatutypeuofufreeholduestateui
suthisuhistoricuhome?u-uANSWER:uFeeuSimpleuDefeasible
AllupropertyuinutheuUniteduStatesufallsuunderuwhichusystemuofulanduownership?u-
uANSWER:uAllodialuSystem
TBH,uInc.uownsulanduforudevelopmentuadjacentutoutheirucorporateuheadquarters.uTBH,u
Inc.uisutheusoleuowneruofutheuproperty.uTheulanduwillubeudevelopeduasuaushoppinguandur
estaurantuarea.uWhichuformuofuownershipudoesuthisupropertyufalluunder?u-
uANSWER:uSeveralty
TheuMoltasantoufamilyuhasuowneduauvineyarduinuSonomauforuoveruoneuhundreduyears.u
Theyuhaveuowneduallurightsutoutheupropertyusinceutheufirstudayuofuownership.uTheuprop
ertyuisualwaysuinheritedubyutheuoldestuchilduafterutheudeathuofutheupreviousuowner.uWh
ichutypeuofuestateuisutheuMoltasantoufamilyuvineyard?u-uANSWER:uFeeuSimpleuAbsolute
TheuAhmedufamilyuhaveusigneduaucontractutoubuyutheuMillerufamily'suhome.uHowever,ut
heucontractustatesutheuAhmedsumustufirstucloseuonutheusaleuofutheirucurrentuhomeuwith
inuthirtyudays.uIfuthisuclosingudoesunotuoccur,utheucontractuisunoulongerubindinguforueithe
ruparty.uWhichucontractutermuapplies?u-uANSWER:uContingency
Ginny,uaulicensee,uusesuaupreprinteducontractuinuTim'supurchaseuofuaunewuloftuapartme
nt.uThereuisuaudiscrepancyuinutheucontractubetweenuaupreprinteduclauseuanduauhandwri
u u u u u u u u
L ESTATE ACTUAL FINAL EXAM COMPLETE REAL EXAM Q
u u u u u u u u
UESTIONS AND WELL ELABORATED ANSWERS (100% CO
u u u u u u
RRECT VERIFIED ANSWERS) LATEST UPDATES |GUARAN
u u u u u
TEED PASS. (FULL REVISED EXAM)
u u u u
TheuRitchieufamilyuhasupututheiruhomeuonutheumarket.uTheuSampsonsumakeuanuofferuon
utheuRitchies'uhome.uSuddenly,utheuRitchiesudecideunotutousellutheiruhome.uTheyuexplai
nutouSara,utheiruagent,uthatutheuSampsonsu"aren'tuquiteuright"uforutheuneighborhood.u
WhatushoulduSaraudo?u-
uANSWER:uSaraumustuexplainutoutheuRichiesuthatusheucannotuethicallyuremoveuauproper
tyufromutheumarket,uafteruanuofferuhasubeenumade,utousidestepuaupurchaseubyuauparty.
SaraumustuwithdrawuherselfufromutheurelationshipuwithutheuRitchiesuorufromuanyusituat
ionuwhereuclientudiscriminationuoccurs.
JohnuisustudyinguforuhisuCaliforniaurealuestateulicense.uHeuisustudyingufederalulaw,ustateu
law,uandulocalulaw.uNow,uheuisutryingutougetuauhandleuonusomethingucalledu"Professiona
luCode."uWhatusourceuhasunouinputuonutheutopicuJohnuisucurrentlyustudying?u-
uANSWER:uTheuBetteruBusinessuBureau®
MarthauanduLizuhaveuapplieduforuaumortgage.uTheyubothuhaveuexcellentucredituanduvery
usuccessfulucareersuandutheyuareuperfectuonupaper.uMarthauanduLizuareupartnersuanduar
euexpectingutheubirthuofutheirufirstuchildutogether.uTheyuareudenieduauloan.uWhat'sutheuv
iolationuhere?u-
uANSWER:uMarthauanduLizuhaveubeenudeniedutheufulluprotectionuofutheuEqualuCredituOp
portunityuActu(ECOA).uTheuECOAuisuaupartuofutheuFairuFinancinguLaws.
Jenniferuisuausingleumotherulookinguforuauplaceutoulive.uSheuseesuanuaduonuFacebookubyu
auprivateuowneruwhichustatesu"Nouyounguchildrenubecauseuofupool".uWoulduthisubeuauF
airuHousinguViolation?u-
uANSWER:uYes.uPrivateuownersucannotuadvertiseuagainstuauprotecteduclass.
WhileuwaitinguinutheulobbyuofutheuFairuRealuEstateuCompany'suoffice,uSamiruanduRhadik
auoverhearuanuagentutelluclients,u"Youuwouldn'tubeuhappyuinuTHATuneighborhood.uIt'suv
eryu"colorful,"uifuyouuknowuwhatuIumean."uWhichurulingubyutheuSupremeuCourtudealtuwi
thuthisuissue?u-
uANSWER:uAlludiscriminationuanduappearancesuofudiscriminationuinusellinguorurentingur
esidentialupropertyubaseduonuraceuanducoloruisuprohibiteduunderutheuprovisionsuofutheu
CiviluRightsuActuofu1866,uJonesuv.uMayer.
Janeufeelsusheuhasubeenudiscriminateduagainstuinuherusearchuforuaunewuhome.uShe'suausi
ngleumotheruofutwouwhouworksufullutime.uWhereudoesusheugouwithuaucomplaint?u-
uANSWER:uTheuOfficeuofuFairuHousinguanduEqualuOpportunityu(OFHEO)
,JohnuisustillustudyinguforuhisuCaliforniaurealuestateulicense.uOnceuagain,uheuisuhavinguaudi
fficultutimeukeepinguareasustraight.uHelpuJohnuwithutheulargestuareauofutheuNARuCodeuo
fuEthicsuStandardsuanduPractices.u-uANSWER:uArticleu16u-
uEthicsuanduAgencyuRelationships
Johnuisutryingutoukeeputhingsustraightuwhileuheustudies.uHe'suhavinguauroughutimeudistin
guishingufederaluandustateulegislation.uHelpuJohnuwithutheuprimaryufocusuofufederalulegi
slation.u-uANSWER:uAnti-discriminationulawsuandufairutradeupractices
Janeuhasufileduherucomplaintuofudiscrimination.uSheualsouwantsutouseekusomeusortuofupu
nitiveudamages.uWhatuareuheruoptions,uifuany?u-
uANSWER:uJaneumayufileusuituwithinutwouyearsuofutheuviolation.uSheumayuseekuaurestrai
ninguorder,uactualudamages,uandupunitiveudamagesuofuuputou$1,000.
AgentuSmithutellsutheuJacobufamilyutheuFernwooduneighborhooduisubeautiful,uattractiv
e,uanduhighlyudesirable.uTheunextuday,uAgentuSmithutellsutheuMillerufamilyuthatuFernwo
oduisudeteriorating,uvaluesuareufalling,uandutheuschooludistrictuisulessuthanustellar.uName
utheuformuofuillegaludiscrimination.u-uANSWER:uSteering
Jonathanudecidesutouselluhisuhomeuandutransferualluofuhisupropertyuownershipurightsutou
theunewubuyer.uThisubundlinguandusellinguofurightsuisuknownuas:u-
uANSWER:uLiveryuofuSeisin
Johnulivesuinuanuapartmentuandueachumonthupaysuhisurentalupayments.uHeuisualsouconsi
dereduaustockholderuinuhisubuildinguanduownsuproperty.uInuwhatutypeuofuapartmentudo
esuJohnulive?u-uANSWER:uCooperative
Toutakeuprivateupropertyuthroughueminentudomain,uthreeustepsumustubeutakenubyutheu
stateuorulocalugovernment.uWhatuareuthey?u-
uANSWER:uTheupropertyuownerumustubeupaiducompensationuforutheuproperty.uTheupro
pertyumustubeuforupublicugooduoruuse.uTheuownerumustuhaveudueuprocessuinutheucourtu
system.
TheuPercyufamilyuhaveupurchaseduauheavilyuwoodedupropertyuinuNorthernuCalifornia.uT
heyuareuplanningutoubuilduauguestuhouseuoffutheumainuhouseuforuentertaining.uInutheupr
ocess,umanyutreesuwilluneedutoubeucleared.uTheufamilyuisuplanningutousellutheuwoodutout
heuneighborsuasufirewood.uWhichuprocessuapplies?u-uANSWER:uSeverance
Melinda'sumotherurecentlyupasseduaway.uSheuisuthinkinguofusellinguherubelongingsuinua
nuestateusale.uDuringuheruresearch,usheucameuacrossurealuandupersonalupropertyuregula
tionsuandulaws.uPleaseuhelpuMelindauunderstandutheulegaludifference(s)ubetweenurealu
andupersonaluproperty.u-
uANSWER:uTaxulawsuoftenudistinguishubetweenurealuandupersonaluproperty.
Anuagreementuforuausaleuofurealupropertyumustubeuinuwritinguandusignedubyutheupartyut
oubeucharged.uIfutheuamountuoruvalueuisu$500uorumore,uanuagreementuforutheusaleuofupe
rsonalupropertyumustubeuinuwriting.
,Whichuofutheufollowinguisunotuconsidereduoneuofutheufiveueconomicucharacteristicsuoful
and?u-
uANSWER:uEachuparceluofulanduhasuitsuownunonhomogeneousucharacteristics.uNoutwou
propertiesuareutheusame.
Auviolentustormucomesuinufromutheuocean,uhittingutheubeachfrontupropertiesuwithudest
ructiveuforce.uWhenutheuMeyersureturnutoutheiruhome,utheyufindutheubeachuhasudisapp
earedufromutheiruproperty.uWhichutermudescribesutheudamage?u-uANSWER:uAvulsion
JeremyuopeneduaucoffeehouseuinuauspaceuleasedufromuMariauanduRenaldo.uAuweekubef
oreuhisuleaseuexpired,uJeremyumovedutouaunewulocationuwithoutuhisucommercialumicro
waveuwhichuwasuattachedutoutheucounter.uEighteenudaysufollowingunoticeuofuJeremy'su
rightutoureclaimutheumicrowave,uMariauanduRenaldousoldutheumicrowaveuatuauction.uJe
remyuisufuriousuanduthreateningulegaluaction.uDoesuheuhaveuausuit?u-
uANSWER:uNo,uJeremyudoesunotuhaveuaucase.uSinceutheumicrowaveuwasunotureclaimedu
duringutheuperioduallowedubyulaw.
GaryuanduPauluhaveuwoodenushuttersuinstalleduthroughoututheiruhome.uAufewuyearsulat
er,uPauluisupromotedubyuhisuemployeruandutransferredutouanotherucity.uGaryuwantsutout
akeutheuwoodenushuttersutoutheirunewuhome.uPauluinsistsutheyumusturemainuwithutheuh
ome.uWhichuofutheufiveutestsuforurealuandupersonalupropertyuapplies?u-
uANSWER:uMethoduofuAttachment
Adaptability
Intent
Whichuofutheufollowinguisunotuauwateruright?u-uANSWER:uAlluvialuRight
SuzetteuisuleasinguaucondoufromutheuGarcias.uSheuhasubeenurentingutheucondouforuoveru
threeuyears.uSheurenewsutheuleaseueachuyearuand,ubecauseuofuheruloyaltyuanduexempla
rilyurentaluhistory,utheuGarcia'suallowuherutoumakeuanyudécoruchangesusheuwishes.uWhic
huofutheufollowingustatementsuisutrueuaboututheurelationshipubetweenutheuGarciasuandu
Suzette?u-
uANSWER:uTheuGarciasuownutheucondouinufreeholdubuturentuitutouSuzetteuinuleasehold.
PatriceuanduMichaeluareuinutheuprocessuofurefinancingutheirutownhouse.uTheumortgageu
companyucallsuandugivesutheucoupleutheunewsutheyuhaveuaulienuonutheiruhomeuforunon-
paymentuofutheupreviousuyear'supropertyutaxes.uWhatutypeuofulienuisuonutheiruproperty
?uWhatudoutheyuneedutoudoutouremedyutheirusituation?u-
uANSWER:uPatriceuanduMichaeluhaveuanuinvoluntaryulienuplaceduonutheiruhomeuforudeli
nquentupropertyutaxes.uTheucoupleuneedsutoupayutheutaxes,uanyuinterestuand/orulateufe
es,uanduhaveutheulienuremoved.
Whichuofutheufollowinguisunotuconsidereduoneuofutheusixudistinctuformsuofuownershipuinu
California?u-uANSWER:uVoluntaryuTenancy
ChristineuanduScottuhaveubeenumarrieduforufifteenuyears.uTheyuhaveuthreeuchildren,uauh
ome,uanduauvacationuhome.uTheucoupleupurchasedutheiruhomeutogetheruafterutheiruma
, rriage,ubutuScottuownedutheuvacationupropertyupriorutoutheuunion.uChristineuanduScottu
areunowugettingudivorced.uChristineuwantsuhalfuofutheiruresidenceuanduhalfuofutheuown
ershipuofutheuvacationuproperty.uAtutimesutheyuhaveurentedutheuvacationuhomeuanduth
euproceedsuhaveugoneutoutheirujointubankuaccount.uDoesuChristineuhaveuanyulegalurightu
toutheuownershipuofutheuvacationuhome?u-
uANSWER:uNo,uScottucameutoutheumarriageuwithutheuvacationuproperty,uthereforeuitum
ayuremainuauseparateuproperty.uHowever,udueutoutheucomminglinguofutheurentaluproce
edsufromutheupropertyuinutheujointuaccount,usheudoesuhaveuaurightutouhalfutheuproceeds.
TeduanduJackuareusellingutheiruhomeutouDuncanuanduGary.uUponutheutitleusearch,utheutit
leucompanyudiscoversuTeduanduJack'suhomeuisufreeuofuanyuliensuoruproblemsuanducanube
ueasilyusold.uTeduanduJack'supropertyuholdsuwhichutypeuofutitle?u-
uANSWER:uMarketableuTitle
HEH,uInc.uownsuaulargeuparceluofulanduwhichuwillubeuuseduforucommercialudevelopment
.uUponutheusaleuofutheupropertyutouHEH,uInc.,utheugrantoruinuauwrittenuagreementuestab
lishedutheulakeumayuneverubeutoucheduandutheupropertyumayuonlyubeuuseduforucommer
cialupurposes.uWhichutypeuofuprivateudeedurestrictionuisuinuplaceuforuHEH,uInc.'suproper
ty?u-uANSWER:uCovenant
Penelopeuisuinteresteduinubuyinguau150-year-
olduhistoricaluhomeuinuSanuFrancisco.uIfuPenelopeudecidesutoupurchaseutheuhome,uitumu
stubeuonutheuconditionutheuoriginaluarchitecturalufeaturesuareuneveruremovedufromuthe
uhome.uAdditionally,uifuPenelopeubuysutheuhomeuanduthenusellsuituatusomeupoint,utheusa
meuconditionumustubeuinutheusalesucontract,uandusouon.uWhatutypeuofufreeholduestateui
suthisuhistoricuhome?u-uANSWER:uFeeuSimpleuDefeasible
AllupropertyuinutheuUniteduStatesufallsuunderuwhichusystemuofulanduownership?u-
uANSWER:uAllodialuSystem
TBH,uInc.uownsulanduforudevelopmentuadjacentutoutheirucorporateuheadquarters.uTBH,u
Inc.uisutheusoleuowneruofutheuproperty.uTheulanduwillubeudevelopeduasuaushoppinguandur
estaurantuarea.uWhichuformuofuownershipudoesuthisupropertyufalluunder?u-
uANSWER:uSeveralty
TheuMoltasantoufamilyuhasuowneduauvineyarduinuSonomauforuoveruoneuhundreduyears.u
Theyuhaveuowneduallurightsutoutheupropertyusinceutheufirstudayuofuownership.uTheuprop
ertyuisualwaysuinheritedubyutheuoldestuchilduafterutheudeathuofutheupreviousuowner.uWh
ichutypeuofuestateuisutheuMoltasantoufamilyuvineyard?u-uANSWER:uFeeuSimpleuAbsolute
TheuAhmedufamilyuhaveusigneduaucontractutoubuyutheuMillerufamily'suhome.uHowever,ut
heucontractustatesutheuAhmedsumustufirstucloseuonutheusaleuofutheirucurrentuhomeuwith
inuthirtyudays.uIfuthisuclosingudoesunotuoccur,utheucontractuisunoulongerubindinguforueithe
ruparty.uWhichucontractutermuapplies?u-uANSWER:uContingency
Ginny,uaulicensee,uusesuaupreprinteducontractuinuTim'supurchaseuofuaunewuloftuapartme
nt.uThereuisuaudiscrepancyuinutheucontractubetweenuaupreprinteduclauseuanduauhandwri
