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Legal Aspects of Real Estate: Online Exam (with Verified Answers

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1. Under the English legal system, legal disputes were settled: (Page 1) - ANSWER -b) on a case-by-case basis before a judge. 2. Under Spanish civil law, legal disputes were settled by: (Page 1) - ANSWER -d) pre- established s

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Legal Aspects of Real Estate: Online Exam (with Verified
Answers

1. Under the English legal system, legal disputes permanently attached to real estate. (Page 27) -
were settled: (Page 1) - ANSWER -b) on a ANSWER -a) fixture
case-by-case basis before a judge.

11. _____ is an ownership interest in real estate.
2. Under Spanish civil law, legal disputes were (Page 34) - ANSWER -c) A leasehold
settled by: (Page 1) - ANSWER -d) pre- estate
established statutes.

12. A person who holds a fee estate interest in
3. The federal and state governments are divided real estate has the right to: (Page 32) -
into the judicial and executive branches. (Page ANSWER -c) possess and control their
2) - ANSWER -c) legislative property indefinitely.


4. Eminent domain the right of the government 13. A(n) life estate is an interest in a parcel of
to: (Page 3) - ANSWER -a) take private real estate lasting: (Page 33) - ANSWER -
property for public use. d) the lifetime of a named individual, called a
controlling life.

5. Which of these is a violation of equal
protection laws? (Page 8) - ANSWER -c) 14. A _____ conveys to a tenant the right to
Restrictions on selling to nonminorities. possess a fee owner's real estate. (Page 34) -
ANSWER -b) leasehold estate

6. A choice-of-law clause: (Page 16) -
ANSWER -a) determines in advance which 15. A month-to-month tenancy is an example of
state's law applies in a dispute. a: (Page 34) - ANSWER -d) periodic
tenancy

7. The right to _____ is included in right to
possess and use property. (Page 21) - 16. A license grants its holder a(n): (Page 36) -
ANSWER -d) occupy the property ANSWER -b) exclusive privilege to use the
property.

8. _____ is/are characterized as immovable.
(Page 22) - ANSWER -c) Real estate 17. Improvements made to leased property to
meet the needs of the occupying tenant are
called: (Page 41) - ANSWER -c) tenant
9. Land includes: (Page 24) - ANSWER -d) improvements.
soil, rocks and reasonable airspace.

18. A _____ is a type of improvement required
10. A(n) is personal property which has become under the provisions of a lease agreement. (Page
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, Legal Aspects of Real Estate: Online Exam (with Verified
Answers

43) - ANSWER -c) mandatory improvement

27. A(n) _____ allows a tenant to possess real
19. A _____ is an improvement which is estate to the exclusion of others. (Page 69) -
authorized but not required by the landlord. ANSWER -c) lease
(Page 46) - ANSWER -d) permissive
improvement
28. A license becomes _____ if the licensee
makes substantial expenditures to improve or
20. A(n) is a conveyance the passage of real maintain the licensed property over a long period
estate fixtures from the tenant to landlord on of time. (Page 74) - ANSWER -c)
expiration of a lease. (Page 48) - irrevocable
ANSWER -d) reversion

29. A landowner's incidental property right to
21. is an improvement a tenant attaches to the withdraw water from an adjacent river for
real estate that unique to the operation of the beneficial use are called: (Page 78) -
tenant's business rather than the use of the ANSWER -d) riparian rights.
building. (Page 49) - ANSWER -a) A trade
fixture
30. The right to use _____ water is an
appurtenant right attached o the ownership of
22. A lease agreement sets the terms of a: (Page real estate. (Page 79) - ANSWER -c)
57) - ANSWER -b) fixed-term tenancy. riparian


23. A _____ sets the terms of a periodic tenancy. 31. Prescriptive water rights are considered
(Page 59) - ANSWER -b) rental agreement abandoned after _____ years. (Page 84) -
ANSWER -a) five

24. A _____ is a tenant who remains in
possession of a property on expiration of a lease, 32. The _____ doctrine can be used to establish
without an agreement or acceptance of rent by an agreed-to boundary when the true boundary
the landlord for the extended occupancy. (Page line is uncertain. (Page 90) - ANSWER -b)
62) - ANSWER -c) holdover tenant agreed-boundary


25. _____ can change a tenancy relationship. 33. A(n) is an improvement which extends onto
(Page 63) - ANSWER -b) Conduct property belonging to another person without that
person's consent. (Page 100) - ANSWER -
b) encroachment
26. An occupant of vacation property, motel or
hotel for _____ is classified a transient occupant.
(Page 64) - ANSWER -a) 30 days or less 34. To remedy an encroachment, an affected
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