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ASREB Exam with complete solutions
latest version
43560 sq feet - CORRECT ANSWER-A grantor conveyed a vacant one acre tract of
land to a grantee. The grantee receives:
Condominium - CORRECT ANSWER-Fee simple title to a designated unit of air space
with a percentage ownership of common elements in the property is called:
Life Estate - CORRECT ANSWER-When a woman has an interest in land that will
continue as long as she lives, she has:
Joint Tenancy - CORRECT ANSWER-Tom and Sally are not married, but own a rental
property together. Because they also have a right of survivorship, they most likely own
the property in:
Tenancy in Severalty - CORRECT ANSWER-ABC Remodeling, Inc. buys a new
warehouse for their trucks and excess building materials. How will they take title?
Escheat - CORRECT ANSWER-Ann has lots of real property and dies intestate, leaving
no legal heirs. At her death, all real property will pass to the government by the process
of:
Fee Simple Defeasible Estate - CORRECT ANSWER-A deed used to transfer title
states that the conveyance will remain in effect "so long as the property is not used for
the sale of alcoholic beverages." The buyer would receive what kind of estate?
Eminent Domain - CORRECT ANSWER-The City of Largeville wishes to obtain title to
privately owned property, in order to expand a highway. If the owner is unwilling to sell,
the government can proceed by exercising its right of:
Setback requirements in the subdivision regulations - CORRECT ANSWER-All of the
homes in Prairie Acres Subdivision appear to be built a uniform distance of 30 feet from
the street. The probable reason is
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Leave her son a life estate, naming the grandchildren as a remainder interest -
CORRECT ANSWER-Sally wishes to guarantee that her grandchildren receive her
home and farm after her son dies. She should then:
An interval ownership in real property - CORRECT ANSWER-An investor buys two
weeks of a timeshare in Miami. What has she purchased?
Property Usage - CORRECT ANSWER-What do covenants, conditions and restrictions
limit?
Seizin - CORRECT ANSWER-What warrant indicates that the grantee is the owner of
the property?
Disclaimer Deed - CORRECT ANSWER-If a spouse does not want to enter into an
agreement for the purchase of a property as community property which of the following
documents would apply?
Warranty Deed - CORRECT ANSWER-What deed would contain 3 promises and 2
warranties?
Trade Fixture - CORRECT ANSWER-Attached clothing rack is considered?
An owner installs a patio cover on his property. The patio cover is in violation of the
associations CC&Rs but is allowable under local zoning code. True or False- Would
CC&Rs would take priority over zoning? - CORRECT ANSWER-True
Whatever interest the grantor held - CORRECT ANSWER-When a Quit Claim deed is
used, what type of interest does the grantee have?
True - CORRECT ANSWER-The owners' association usually has liability insurance
coverage for the common area in condominium project, true or false?
Tenancy in common - CORRECT ANSWER-The owner of a undivided interest in land
with no rights of survivorship owns it by:
Dedication - CORRECT ANSWER-A new developer is giving some of the land in the
subdivision to the city for the construction of new streets. The developer's act of giving
land to a public agency is called:
Sheriff's cost of sale - CORRECT ANSWER-A home is sold at public auction
(foreclosure sale). The proceeds of this sale will first be used to pay:
Special Assessment Tax - CORRECT ANSWER-A tax levy on real property for
government improvements (i.e. curbs, sewers and sidewalks) is known as:
Means "runs with the land" - CORRECT ANSWER-The term appurtenance:
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Bill of Sale - CORRECT ANSWER-An instrument in writing that transfers ownership of
tangible property is called a/an:
A deed and bill of sale - CORRECT ANSWER-A buyer decides to buy a house and all
the furniture in it. The buyer and seller should execute?
Buffer Zone - CORRECT ANSWER-A parcel of land that separates two other parcels
(i.e. a parcel between a residential and commercial strip of land) is called a/an:
Buffer Zone - CORRECT ANSWER-A city decides to create a park to separate a
residential neighborhood from a commercial strip of land. The area that the park
occupies would be known as a:
Bundle of Rights - CORRECT ANSWER-The right to use, enjoy, possess and dispose
of real property is commonly referred to as:
Bundle of Rights - CORRECT ANSWER-One of the appurtenances to a parcel of land
would be a/an:
Building Codes - CORRECT ANSWER-Government regulations that specify minimum
construction and building standards to safeguard health, safety and welfare of the public
are known as:
Chattel - CORRECT ANSWER-Goods or other items of personal property which have
not been annexed to the real property is considered a:
True - CORRECT ANSWER-A valid exercise of the government's police power to
restrict an owner's use and enjoyment of his property can include building codes? True
or False?
Chattel - CORRECT ANSWER-A commercial tenant installs a pizza oven in his new
restaurant. The pizza oven would be deemed a/an:
A chattel mortgage - CORRECT ANSWER-A commercial tenant offers a bank his
showcase, furniture, paintings and other items that he has placed in the rental property.
The tenant would execute a ____________ favor of the bank?
Reversion - CORRECT ANSWER-Alex gives a life estate to Bill and upon Bill's death it
reverts back to Alex. What best represents Alex?
The right of Emblements - CORRECT ANSWER-The tenant's right to harvest crops
after a lease expires is called:
Schedule B - CORRECT ANSWER-Where would the exceptions and reservations
appear on a title report?
BRAINSCAPE1
ASREB Exam with complete solutions
latest version
43560 sq feet - CORRECT ANSWER-A grantor conveyed a vacant one acre tract of
land to a grantee. The grantee receives:
Condominium - CORRECT ANSWER-Fee simple title to a designated unit of air space
with a percentage ownership of common elements in the property is called:
Life Estate - CORRECT ANSWER-When a woman has an interest in land that will
continue as long as she lives, she has:
Joint Tenancy - CORRECT ANSWER-Tom and Sally are not married, but own a rental
property together. Because they also have a right of survivorship, they most likely own
the property in:
Tenancy in Severalty - CORRECT ANSWER-ABC Remodeling, Inc. buys a new
warehouse for their trucks and excess building materials. How will they take title?
Escheat - CORRECT ANSWER-Ann has lots of real property and dies intestate, leaving
no legal heirs. At her death, all real property will pass to the government by the process
of:
Fee Simple Defeasible Estate - CORRECT ANSWER-A deed used to transfer title
states that the conveyance will remain in effect "so long as the property is not used for
the sale of alcoholic beverages." The buyer would receive what kind of estate?
Eminent Domain - CORRECT ANSWER-The City of Largeville wishes to obtain title to
privately owned property, in order to expand a highway. If the owner is unwilling to sell,
the government can proceed by exercising its right of:
Setback requirements in the subdivision regulations - CORRECT ANSWER-All of the
homes in Prairie Acres Subdivision appear to be built a uniform distance of 30 feet from
the street. The probable reason is
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Leave her son a life estate, naming the grandchildren as a remainder interest -
CORRECT ANSWER-Sally wishes to guarantee that her grandchildren receive her
home and farm after her son dies. She should then:
An interval ownership in real property - CORRECT ANSWER-An investor buys two
weeks of a timeshare in Miami. What has she purchased?
Property Usage - CORRECT ANSWER-What do covenants, conditions and restrictions
limit?
Seizin - CORRECT ANSWER-What warrant indicates that the grantee is the owner of
the property?
Disclaimer Deed - CORRECT ANSWER-If a spouse does not want to enter into an
agreement for the purchase of a property as community property which of the following
documents would apply?
Warranty Deed - CORRECT ANSWER-What deed would contain 3 promises and 2
warranties?
Trade Fixture - CORRECT ANSWER-Attached clothing rack is considered?
An owner installs a patio cover on his property. The patio cover is in violation of the
associations CC&Rs but is allowable under local zoning code. True or False- Would
CC&Rs would take priority over zoning? - CORRECT ANSWER-True
Whatever interest the grantor held - CORRECT ANSWER-When a Quit Claim deed is
used, what type of interest does the grantee have?
True - CORRECT ANSWER-The owners' association usually has liability insurance
coverage for the common area in condominium project, true or false?
Tenancy in common - CORRECT ANSWER-The owner of a undivided interest in land
with no rights of survivorship owns it by:
Dedication - CORRECT ANSWER-A new developer is giving some of the land in the
subdivision to the city for the construction of new streets. The developer's act of giving
land to a public agency is called:
Sheriff's cost of sale - CORRECT ANSWER-A home is sold at public auction
(foreclosure sale). The proceeds of this sale will first be used to pay:
Special Assessment Tax - CORRECT ANSWER-A tax levy on real property for
government improvements (i.e. curbs, sewers and sidewalks) is known as:
Means "runs with the land" - CORRECT ANSWER-The term appurtenance:
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Bill of Sale - CORRECT ANSWER-An instrument in writing that transfers ownership of
tangible property is called a/an:
A deed and bill of sale - CORRECT ANSWER-A buyer decides to buy a house and all
the furniture in it. The buyer and seller should execute?
Buffer Zone - CORRECT ANSWER-A parcel of land that separates two other parcels
(i.e. a parcel between a residential and commercial strip of land) is called a/an:
Buffer Zone - CORRECT ANSWER-A city decides to create a park to separate a
residential neighborhood from a commercial strip of land. The area that the park
occupies would be known as a:
Bundle of Rights - CORRECT ANSWER-The right to use, enjoy, possess and dispose
of real property is commonly referred to as:
Bundle of Rights - CORRECT ANSWER-One of the appurtenances to a parcel of land
would be a/an:
Building Codes - CORRECT ANSWER-Government regulations that specify minimum
construction and building standards to safeguard health, safety and welfare of the public
are known as:
Chattel - CORRECT ANSWER-Goods or other items of personal property which have
not been annexed to the real property is considered a:
True - CORRECT ANSWER-A valid exercise of the government's police power to
restrict an owner's use and enjoyment of his property can include building codes? True
or False?
Chattel - CORRECT ANSWER-A commercial tenant installs a pizza oven in his new
restaurant. The pizza oven would be deemed a/an:
A chattel mortgage - CORRECT ANSWER-A commercial tenant offers a bank his
showcase, furniture, paintings and other items that he has placed in the rental property.
The tenant would execute a ____________ favor of the bank?
Reversion - CORRECT ANSWER-Alex gives a life estate to Bill and upon Bill's death it
reverts back to Alex. What best represents Alex?
The right of Emblements - CORRECT ANSWER-The tenant's right to harvest crops
after a lease expires is called:
Schedule B - CORRECT ANSWER-Where would the exceptions and reservations
appear on a title report?
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