Gold Coast Real Estate Chapter 8 Exam Questions And
Answers Verified 100% Correct
Which of the following is the best description of real property?
(a) Items which are attached to a building
(b) Air, water, surface, and sub-surface rights
(c) Surface, sub-surface, and air rights, along with anything that is permanently attached
to the property
(d) Items which are attached to the property for the purposes of conducting a specific
business - ANSWER (c) Surface, sub-surface, and air rights, along with anything that is
permanently attached to the property
Four friends own a parcel of vacant land with equal rights of use and possession.
Although they each enjoy 25% interests, they acquired their interests at different times.
What type of ownership did they acquire?
(a) Tenancy in common
(b) Tenancy by the entireties
(c) Joint tenancy
(d) Non-freehold tenancy - ANSWER (a) Tenancy in common
Which type of estate is a written agreement creating a non-freehold estate in real
property that provides for occupancy of a specific property for a specific time period?
(a) Tenancy at will
(b) Tenancy at sufferance
(c) Tenancy for years
(d) Tenancy in common - ANSWER (c) Tenancy for years
Which statement is most correct concerning a property owned by a married couple as
tenants by the entirety?
, (a) When one spouse dies, the other spouse receives a life estate.
(b) If the couple divorces, the tenancy would be terminated, and the owners would be
tenants in common, unless a court determined otherwise.
(c) Liens against one party only can result in the foreclosure of the property.
(d) The owners can take title to the property at different times. - ANSWER (b) If the
couple divorces, the tenancy would be terminated, and the owners would be tenants
in common, unless a court determined otherwise.
Four partners purchase a property together, at the same time, and on the same deed,
without the right of survivorship. What type of estate have they formed?
(a) Non-freehold tenancy
(b) Tenancy in common
(c) Joint tenancy
(d) Tenancy for years - ANSWER (b) Tenancy in common
In a community property state, property acquired during the marriage is called
community property. What is property called that was acquired by one spouse prior to
the marriage?
(a) Exclusive Property
(b) Separate Property
(c) Joint Property
(d) Protected Property - ANSWER (b) Separate Property
A photographer mounts removable lighting on the ceiling of leased property being used
as a photography studio. At the end of the lease, the landlord claims that the lighting is
now a fixture and must be left as part of the real property. Which of the following
statements is correct?
(a) If the value of the lighting is less than $250 it should stay, but if it is more than $250
the tenant has the right to remove it.
Answers Verified 100% Correct
Which of the following is the best description of real property?
(a) Items which are attached to a building
(b) Air, water, surface, and sub-surface rights
(c) Surface, sub-surface, and air rights, along with anything that is permanently attached
to the property
(d) Items which are attached to the property for the purposes of conducting a specific
business - ANSWER (c) Surface, sub-surface, and air rights, along with anything that is
permanently attached to the property
Four friends own a parcel of vacant land with equal rights of use and possession.
Although they each enjoy 25% interests, they acquired their interests at different times.
What type of ownership did they acquire?
(a) Tenancy in common
(b) Tenancy by the entireties
(c) Joint tenancy
(d) Non-freehold tenancy - ANSWER (a) Tenancy in common
Which type of estate is a written agreement creating a non-freehold estate in real
property that provides for occupancy of a specific property for a specific time period?
(a) Tenancy at will
(b) Tenancy at sufferance
(c) Tenancy for years
(d) Tenancy in common - ANSWER (c) Tenancy for years
Which statement is most correct concerning a property owned by a married couple as
tenants by the entirety?
, (a) When one spouse dies, the other spouse receives a life estate.
(b) If the couple divorces, the tenancy would be terminated, and the owners would be
tenants in common, unless a court determined otherwise.
(c) Liens against one party only can result in the foreclosure of the property.
(d) The owners can take title to the property at different times. - ANSWER (b) If the
couple divorces, the tenancy would be terminated, and the owners would be tenants
in common, unless a court determined otherwise.
Four partners purchase a property together, at the same time, and on the same deed,
without the right of survivorship. What type of estate have they formed?
(a) Non-freehold tenancy
(b) Tenancy in common
(c) Joint tenancy
(d) Tenancy for years - ANSWER (b) Tenancy in common
In a community property state, property acquired during the marriage is called
community property. What is property called that was acquired by one spouse prior to
the marriage?
(a) Exclusive Property
(b) Separate Property
(c) Joint Property
(d) Protected Property - ANSWER (b) Separate Property
A photographer mounts removable lighting on the ceiling of leased property being used
as a photography studio. At the end of the lease, the landlord claims that the lighting is
now a fixture and must be left as part of the real property. Which of the following
statements is correct?
(a) If the value of the lighting is less than $250 it should stay, but if it is more than $250
the tenant has the right to remove it.
