ASREB National Test A-2 Questions
and Answers A+ Graded
The .highest .form .of .an .estate .would .be:
Fee .simple
Defeasible .fee
Fee .conditional
Estate .in .remainder .- .CORRECT .ANSWER-Fee .Simple
A .tenant .is .living .without .permission .on .the .property .after .the .lease .expires.
.What .type .of .estate .would .the .tenant .most .likely .hold?
Estate .for .years
Estate .at .sufferance
Estate .for .period
Estate .at .will .- .CORRECT .ANSWER-Estate .for .years
A .legal .action .by .a .court .to .review .and .distribute .an .estate .is .called: .-
.CORRECT .ANSWER-Probate
Which .of .the .following .tenancy .would .allow .survivorship?
Tenancy .in .common
Joint .tenancy
In .severalty
Interval .ownership .- .CORRECT .ANSWER-Joint .tenancy
A .property .is .held .in .joint .tenancy .and .one .of .the .parties .dies .testate, .which .of
.the .following .is .true?
Title .would .transfer .according .to .the .will
Divided .between .the .spouse .and .children
Goes .to .the .joint .tenant .survivor
Would .pass .to .the .heirs .after .probate .- .CORRECT .ANSWER-Goes .to .the .joint
.tenant .survivor
J .& .R .own .property .and .R .dies. .R's .children .try .but .can't .obtain .the .title .from .J.
.What .type .of .title .did .J .& .R .hold?
Sole .and .Separate
Tenancy .in .common
Joint .tenancy
Community .property .- .CORRECT .ANSWER-Joint .tenancy
, How .would .two .buyers .take .title .if .they .were .not .related?
Sole .and .separate
Tenancy .in .common
Interval
Community .property .- .CORRECT .ANSWER-Tenancy .in .common
What .type .of .lease .would .the .renter .pay .all .expenses?
Net
Gross
Index
Percentage .- .CORRECT .ANSWER-Net
A .husband .and .wife .own .property .as .tenants .in .common. .If .one .dies .the
.property .would .pass .to .the:
Surviving .spouse
State .by .escheat
Estate .of .the .deceased
Joint .tenant .- .CORRECT .ANSWER-Estate .of .the .deceased
Which .of .the .following .would .have .an .interest .in .real .estate .but .not .an .estate?
Lease
Life .Tenant
Fee .conditional .ownership
Easement .- .CORRECT .ANSWER-Easement
A .lease .where .the .lessee .will .pay .a .fixed .rent .plus .a .portion .of .the .gross .sales
.is .called
Index
Percentage
Positive .leasehold
Graduated .- .CORRECT .ANSWER-Percentage
When .a .lease .is .assigned, .all .of .the .following .are .true .EXCEPT:
The .original .lessee .is .free .from .responsibility
A .new .lessee .is .created
The .original .lessor .remains .the .same
An .assignment .can .be .done .without .the .lessor's .approval .- .CORRECT
.ANSWER-An .assignment .can .be .done .without .the .lessor's .approval
When .a .lease .is .inherited .the .estate .would .be .known .as:
Fee .simple
Leasehold
Sufferance
At .will .- .CORRECT .ANSWER-Leasehold
If .at .the .end .of .a .lease, .the .tenant .is .allowed .to .remain .for .an .indefinite .length
.of .time, .this .is .best .described .as:
Estate .at .sufferance
and Answers A+ Graded
The .highest .form .of .an .estate .would .be:
Fee .simple
Defeasible .fee
Fee .conditional
Estate .in .remainder .- .CORRECT .ANSWER-Fee .Simple
A .tenant .is .living .without .permission .on .the .property .after .the .lease .expires.
.What .type .of .estate .would .the .tenant .most .likely .hold?
Estate .for .years
Estate .at .sufferance
Estate .for .period
Estate .at .will .- .CORRECT .ANSWER-Estate .for .years
A .legal .action .by .a .court .to .review .and .distribute .an .estate .is .called: .-
.CORRECT .ANSWER-Probate
Which .of .the .following .tenancy .would .allow .survivorship?
Tenancy .in .common
Joint .tenancy
In .severalty
Interval .ownership .- .CORRECT .ANSWER-Joint .tenancy
A .property .is .held .in .joint .tenancy .and .one .of .the .parties .dies .testate, .which .of
.the .following .is .true?
Title .would .transfer .according .to .the .will
Divided .between .the .spouse .and .children
Goes .to .the .joint .tenant .survivor
Would .pass .to .the .heirs .after .probate .- .CORRECT .ANSWER-Goes .to .the .joint
.tenant .survivor
J .& .R .own .property .and .R .dies. .R's .children .try .but .can't .obtain .the .title .from .J.
.What .type .of .title .did .J .& .R .hold?
Sole .and .Separate
Tenancy .in .common
Joint .tenancy
Community .property .- .CORRECT .ANSWER-Joint .tenancy
, How .would .two .buyers .take .title .if .they .were .not .related?
Sole .and .separate
Tenancy .in .common
Interval
Community .property .- .CORRECT .ANSWER-Tenancy .in .common
What .type .of .lease .would .the .renter .pay .all .expenses?
Net
Gross
Index
Percentage .- .CORRECT .ANSWER-Net
A .husband .and .wife .own .property .as .tenants .in .common. .If .one .dies .the
.property .would .pass .to .the:
Surviving .spouse
State .by .escheat
Estate .of .the .deceased
Joint .tenant .- .CORRECT .ANSWER-Estate .of .the .deceased
Which .of .the .following .would .have .an .interest .in .real .estate .but .not .an .estate?
Lease
Life .Tenant
Fee .conditional .ownership
Easement .- .CORRECT .ANSWER-Easement
A .lease .where .the .lessee .will .pay .a .fixed .rent .plus .a .portion .of .the .gross .sales
.is .called
Index
Percentage
Positive .leasehold
Graduated .- .CORRECT .ANSWER-Percentage
When .a .lease .is .assigned, .all .of .the .following .are .true .EXCEPT:
The .original .lessee .is .free .from .responsibility
A .new .lessee .is .created
The .original .lessor .remains .the .same
An .assignment .can .be .done .without .the .lessor's .approval .- .CORRECT
.ANSWER-An .assignment .can .be .done .without .the .lessor's .approval
When .a .lease .is .inherited .the .estate .would .be .known .as:
Fee .simple
Leasehold
Sufferance
At .will .- .CORRECT .ANSWER-Leasehold
If .at .the .end .of .a .lease, .the .tenant .is .allowed .to .remain .for .an .indefinite .length
.of .time, .this .is .best .described .as:
Estate .at .sufferance
