22786456
Descripción
Test por LeShaun McKenzie, actualizado hace más de 1 año
|
Creado por LeShaun McKenzie
hace más de 4 años
|
|
Pregunta 1
Pregunta
Personal property attached to real property is prevented from becoming real property by which of the following?
Respuesta
-
value
-
an appurtenance
-
security agreement and financing statement
-
mineral rights
Pregunta 2
Pregunta
Which of the following is a right in the property of another that results from ownership in a particular parcel of real estate?
Respuesta
-
easement in gross
-
appurtenant easement
-
license
-
condemnation
Pregunta 3
Pregunta
Which of the following is (are) correct?
Respuesta
-
An easement provides a nonpossessory interest in land.
-
The land on which an easement exists is the dominant tenement.
-
The land that benefits from an easement is the servient tenement.
-
All of the above
Pregunta 4
Pregunta
Easements may be created in all of the following ways EXCEPT:
Respuesta
-
condemnation.
-
dedication.
-
prescription.
-
assessment.
Pregunta 5
Pregunta
An easement is terminated:
Respuesta
-
when the purpose for which the easement was created ceases to exist.
-
when the adjoining dominant and servient tenements are combined into one tract of land.
-
by abandonment of the easement by the dominant owner.
-
all of the above.
Pregunta 6
Pregunta
If a property owner gives a specific person permission to cross his property, this is a(n):
Respuesta
-
easement in gross.
-
easement appurtenant.
-
lease.
-
encroachment.
Pregunta 7
Pregunta
The creation of an easement by condemnation results from the exercise of which of the following?
Respuesta
-
prescription
-
eminent domain
-
dedication
-
implication
Pregunta 8
Pregunta
A fee simple determinable:
Respuesta
-
is an example of a nonfreehold estate.
-
typically stipulates the conveyance is “as long as” it is used for a particular purpose.
-
is an example of pur autre vie (for the life of another).
-
is an example of freehold rights until the original owner’s rights are determined to be invalid.
Pregunta 9
Pregunta
If a widow inherits an estate by will granting her the right of use and possession of a parcel of land for the rest of her life, with the provision that the estate will go to her children in fee simple upon her death, she has received:
Respuesta
-
an inheritable freehold estate.
-
a life estate with remainder.
-
a life estate pur autre vie.
-
none of the above.
Pregunta 10
Pregunta
The highest and best form of estate in real property is which of the following?
Respuesta
-
appurtenant easement
-
defeasible fee
-
life estate in reversion
-
fee simple absolute
Pregunta 11
Pregunta
Estate for years, estates from year to year, estates at will, and estates by sufferance:
Respuesta
-
are leasehold estates
-
create a legal relationship between the parties of landlord and tenant
-
are nonfreehold estates
-
all of the above
Pregunta 12
Pregunta
Title held in the name of a corporation with many stockholders is considered to be held as:
Respuesta
-
severalty.
-
joint tenancy.
-
tenancy in common.
-
tenancy by entireties.
Pregunta 13
Pregunta
Which of the following types of ownership requires unity of interest, title, time, and possession?
Respuesta
-
cooperative
-
tenancy in common
-
joint tenancy
-
condominium
Pregunta 14
Pregunta
None of the following includes the automatic right of survivorship in North Carolina EXCEPT:
Respuesta
-
tenancy in common.
-
tenancy by the entirety.
-
life estate.
-
joint tenancy.
Pregunta 15
Pregunta
The purchaser of a condominium unit receives title to the land on which the condominium is situated as a:
Respuesta
-
tenant by the entirety.
-
tenant in common.
-
joint tenant.
-
tenant at sufferance.
Pregunta 16
Pregunta
The purchaser of a condominium time-share:
Respuesta
-
takes title for a specified time period (or periods) each calendar year.
-
may not convey title to anyone else.
-
has a 30-day right to rescind the purchase contract.
-
all of the above.
Pregunta 17
Pregunta
In the cooperative form of ownership:
Respuesta
-
the owner owns his unit in severalty.
-
each owner owns an interest in the common areas.
-
the owners own the building as tenants in common.
-
none of the above.
Pregunta 18
Pregunta
A tenant in common:
Respuesta
-
may sell her interest in the property.
-
may pledge the entire property as security for a mortgaged loan.
-
may not bring legal action to partition the property.
-
has the right of survivorship in the property.
Pregunta 19
Pregunta
Ownership as tenants by the entirety includes which of the following?
Respuesta
-
the right of one owner to convey title to his share of ownership without the participation of the other owner
-
the right of survivorship
-
ownership of an unequal interest in the property with another
-
conversion to ownership as joint tenants if the owners are divorced
Pregunta 20
Pregunta
An encumbrance always:
Respuesta
-
has a positive effect on property value.
-
has a negative effect on property value.
-
is a lien.
-
none of the above.
Pregunta 21
Pregunta
All of the following are examples of specific liens EXCEPT:
Respuesta
-
income tax liens.
-
mortgage liens.
-
mechanic’s liens.
-
real property tax liens.
Pregunta 22
Pregunta
Which of the following statements regarding judgment liens is correct?
Respuesta
-
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.
-
Judgment liens have a priority over the real property tax assessment.
-
Judgment liens have a priority over all liens other than property tax liens.
-
None of the above.
Pregunta 23
Pregunta
Liens, easements, encroachments, and restrictive covenants are examples of which of the following?
Respuesta
-
emblements
-
estovers
-
estates
-
encumbrances
Pregunta 24
Pregunta
Which of the following is an estate that automatically renews itself for consecutive periods?
Respuesta
-
estate at will
-
life estate
-
estate from year to year
-
estate for years
Pregunta 25
Pregunta
New construction time-share properties in North Carolina require:
Respuesta
-
the developer to have a real estate license before sales are made.
-
project registration with the Commission before marketing the units for sale.
-
all time-share salespersons must have a time-share license in NC.
-
the purchaser to be given a right of rescission for 3 days from purchase.
Pregunta 26
Pregunta
Time-share property in North Carolina:
Respuesta
-
must be for a residential use.
-
is considered personal property.
-
is the right to occupy a property during five or more separated time periods over five or more years.
-
allows a bona-fide employee of the developer to sell the units without a real estate license.
Pregunta 27
Pregunta
An example of an appurtenant easement would be:
Respuesta
-
city water and sewer easement.
-
easement for a neighbor friend to cross a nearby property to access the beach.
-
an easement for the adjoining property to have a driveway over the subject property.
-
a railroad right-of-way easement.
Pregunta 28
Pregunta
All of the following involve ownership of real property EXCEPT:
Respuesta
-
cooperatives.
-
condominiums.
-
townhouses.
-
time-shares.
Pregunta 29
Pregunta
All of the following are real property EXCEPT:
Respuesta
-
standing timber.
-
underground minerals.
-
readily movable items.
-
naturally growing vegetation.
Pregunta 30
Pregunta
The item(s) included as real estate is (are):
Respuesta
-
trees.
-
fences.
-
a built-in microwave.
-
all of the above.
Pregunta 31
Pregunta
A manufactured home that is towed to the land and placed upon a permanent foundation but still has the wheels, axles, and towing hitch attached will be considered:
Respuesta
-
personal property.
-
real property.
-
an improvement.
-
a fixture
¿Quieres crear tus propios Tests gratis con GoConqr? Más información.