Chapter 2 - NCRE

Question

Personal property attached to real property is prevented from becoming real property by which of the following?

Answer 1

an appurtenance

Answer 2

security agreement and financing statement

Answer 3

mineral rights

Answer 4

easement in gross

Answer 5

appurtenant easement

Answer 6

condemnation

Answer 7

An easement provides a nonpossessory interest in land.

Answer 8

The land on which an easement exists is the dominant tenement.

Answer 9

The land that benefits from an easement is the servient tenement.

Answer 10

All of the above

Answer 11

condemnation.

Answer 12

dedication.

Answer 13

prescription.

Answer 14

assessment.

Answer 15

when the purpose for which the easement was created ceases to exist.

Answer 16

when the adjoining dominant and servient tenements are combined into one tract of land.

Answer 17

by abandonment of the easement by the dominant owner.

Answer 18

all of the above.

Answer 19

easement in gross.

Answer 20

easement appurtenant.

Answer 21

encroachment.

Answer 22

prescription

Answer 23

eminent domain

Answer 24

dedication

Answer 25

implication

Answer 26

is an example of a nonfreehold estate.

Answer 27

typically stipulates the conveyance is “as long as” it is used for a particular purpose.

Answer 28

is an example of pur autre vie (for the life of another).

Answer 29

is an example of freehold rights until the original owner’s rights are determined to be invalid.

Answer 30

an inheritable freehold estate.

Answer 31

a life estate with remainder.

Answer 32

a life estate pur autre vie.

Answer 33

none of the above.

Answer 34

appurtenant easement

Answer 35

defeasible fee

Answer 36

life estate in reversion

Answer 37

fee simple absolute

Answer 38

are leasehold estates

Answer 39

create a legal relationship between the parties of landlord and tenant

Answer 40

are nonfreehold estates

Answer 41

all of the above

Answer 42

severalty.

Answer 43

joint tenancy.

Answer 44

tenancy in common.

Answer 45

tenancy by entireties.

Answer 46

cooperative

Answer 47

tenancy in common

Answer 48

joint tenancy

Answer 49

condominium

Answer 50

tenancy in common.

Answer 51

tenancy by the entirety.

Answer 52

life estate.

Answer 53

joint tenancy.

Answer 54

tenant by the entirety.

Answer 55

tenant in common.

Answer 56

joint tenant.

Answer 57

tenant at sufferance.

Answer 58

takes title for a specified time period (or periods) each calendar year.

Answer 59

may not convey title to anyone else.

Answer 60

has a 30-day right to rescind the purchase contract.

Answer 61

all of the above.

Answer 62

the owner owns his unit in severalty.

Answer 63

each owner owns an interest in the common areas.

Answer 64

the owners own the building as tenants in common.

Answer 65

none of the above.

Answer 66

may sell her interest in the property.

Answer 67

may pledge the entire property as security for a mortgaged loan.

Answer 68

may not bring legal action to partition the property.

Answer 69

has the right of survivorship in the property.

Answer 70

the right of one owner to convey title to his share of ownership without the participation of the other owner

Answer 71

the right of survivorship

Answer 72

ownership of an unequal interest in the property with another

Answer 73

conversion to ownership as joint tenants if the owners are divorced

Answer 74

has a positive effect on property value.

Answer 75

has a negative effect on property value.

Answer 76

is a lien.

Answer 77

none of the above.

Answer 78

income tax liens.

Answer 79

mortgage liens.

Answer 80

mechanic’s liens.

Answer 81

real property tax liens.

Answer 82

Judgment liens will not attach to property to which title is held by a husband and wife as tenants by the entirety unless both participated in the creation of the debt and are both named as defendants in the judgment.

Answer 83

Judgment liens have a priority over the real property tax assessment.

Answer 84

Judgment liens have a priority over all liens other than property tax liens.

Answer 85

None of the above.

Answer 86

emblements

Answer 87

encumbrances

Answer 88

estate at will

Answer 89

life estate

Answer 90

estate from year to year

Answer 91

estate for years

Answer 92

the developer to have a real estate license before sales are made.

Answer 93

project registration with the Commission before marketing the units for sale.

Answer 94

all time-share salespersons must have a time-share license in NC.

Answer 95

the purchaser to be given a right of rescission for 3 days from purchase.

Answer 96

must be for a residential use.

Answer 97

is considered personal property.

Answer 98

is the right to occupy a property during five or more separated time periods over five or more years.

Answer 99

allows a bona-fide employee of the developer to sell the units without a real estate license.

Answer 100

city water and sewer easement.

Answer 101

easement for a neighbor friend to cross a nearby property to access the beach.

Answer 102

an easement for the adjoining property to have a driveway over the subject property.

Answer 103

a railroad right-of-way easement.

Answer 104

cooperatives.

Answer 105

condominiums.

Answer 106

townhouses.

Answer 107

time-shares.

Answer 108

standing timber.

Answer 109

underground minerals.

Answer 110

readily movable items.

Answer 111

naturally growing vegetation.

Answer 112

a built-in microwave.

Answer 113

all of the above.

Answer 114

personal property.

Answer 115

real property.

Answer 116

an improvement.

Nächster

Chapter 2 - NCRE

Beschreibung

Zusammenfassung der Ressource

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