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Superior School of Real Estate Final Exam
Questions With 100% Correct Answers
All of the following are physical characteristics of land
except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - .....ANSWER ...✔✔ D. Scarcity
Under the doctrine of specific performance, the party
harmed by breach of a real estate contract can ask a
judge to force the breaching party to carry out the
terms of the contract rather than order the breaching
party to pay monetary damages. Which physical
characteristic of land is the basis for the doctrine of
specific performance?
A. Indestructibility
B. Uniqueness
C. Immobility
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D. Permanence of Investment - .....ANSWER ...✔✔ B.
Uniqueness
Which of the following is considered to have the
greatest impact on the value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - .....ANSWER ...✔✔ A. Area
Preference
The concept by which land would increase automatically
along a river or stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - .....ANSWER ...✔✔ A. Accretion
The owner of a house wants to fence the yard for a
dog. When the fence is erected, the fencing materials
are converted to real estate by:
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A. Severance
B. Annexation
C. Immobility
D. Indestructibility - .....ANSWER ...✔✔ B. Annexation
A deed conveyed ownership to a grantee "so long as
the existing building on the property is not destroyed."
Following the transfer, the original grantor has what
type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long
as the condition
C. Fee Simple Estate
D. Reversionary Estate - .....ANSWER ...✔✔ D.
Reversionary Estate
A woman conveys a life estate to her son-in-law and
stipulates that upon his death the estate will pass to her
grandson. The grandson has an:
A. Estate in Reversion
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B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - .....ANSWER ...✔✔
B. Estate in Remainder
A person who acquired ownership that can be inherited,
with the provision "that the land must always be used for
recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - .....ANSWER ...✔✔
B. a defeasible fee
A brother and sister bought a commercial building and
took title as joint tenants with right of survivorship. The
brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her
brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
Superior School of Real Estate Final Exam
Questions With 100% Correct Answers
All of the following are physical characteristics of land
except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - .....ANSWER ...✔✔ D. Scarcity
Under the doctrine of specific performance, the party
harmed by breach of a real estate contract can ask a
judge to force the breaching party to carry out the
terms of the contract rather than order the breaching
party to pay monetary damages. Which physical
characteristic of land is the basis for the doctrine of
specific performance?
A. Indestructibility
B. Uniqueness
C. Immobility
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D. Permanence of Investment - .....ANSWER ...✔✔ B.
Uniqueness
Which of the following is considered to have the
greatest impact on the value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - .....ANSWER ...✔✔ A. Area
Preference
The concept by which land would increase automatically
along a river or stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - .....ANSWER ...✔✔ A. Accretion
The owner of a house wants to fence the yard for a
dog. When the fence is erected, the fencing materials
are converted to real estate by:
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A. Severance
B. Annexation
C. Immobility
D. Indestructibility - .....ANSWER ...✔✔ B. Annexation
A deed conveyed ownership to a grantee "so long as
the existing building on the property is not destroyed."
Following the transfer, the original grantor has what
type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long
as the condition
C. Fee Simple Estate
D. Reversionary Estate - .....ANSWER ...✔✔ D.
Reversionary Estate
A woman conveys a life estate to her son-in-law and
stipulates that upon his death the estate will pass to her
grandson. The grandson has an:
A. Estate in Reversion
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B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another - .....ANSWER ...✔✔
B. Estate in Remainder
A person who acquired ownership that can be inherited,
with the provision "that the land must always be used for
recreational purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - .....ANSWER ...✔✔
B. a defeasible fee
A brother and sister bought a commercial building and
took title as joint tenants with right of survivorship. The
brother died. The sister now owns the building:
A. as a joint tenant with right of survivorship with her
brother's heirs
B. in severalty
C. as a tenant in common with her brother's heirs
