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Chapter 2 - NCRE

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Chapter 2 of the NCRE training
LeShaun McKenzie
Quiz by LeShaun McKenzie, updated more than 1 year ago
LeShaun McKenzie
Created by LeShaun McKenzie over 4 years ago
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Resource summary

Question 1

Question
Personal property attached to real property is prevented from becoming real property by which of the following?
Answer
  • value
  • an appurtenance
  • security agreement and financing statement
  • mineral rights

Question 2

Question
Which of the following is a right in the property of another that results from ownership in a particular parcel of real estate?
Answer
  • easement in gross
  • appurtenant easement
  • license
  • condemnation

Question 3

Question
Which of the following is (are) correct?
Answer
  • 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

Question 4

Question
Easements may be created in all of the following ways EXCEPT:
Answer
  • condemnation.
  • dedication.
  • prescription.
  • assessment.

Question 5

Question
An easement is terminated:
Answer
  • 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.

Question 6

Question
If a property owner gives a specific person permission to cross his property, this is a(n):
Answer
  • easement in gross.
  • easement appurtenant.
  • lease.
  • encroachment.

Question 7

Question
The creation of an easement by condemnation results from the exercise of which of the following?
Answer
  • prescription
  • eminent domain
  • dedication
  • implication

Question 8

Question
A fee simple determinable:
Answer
  • 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.

Question 9

Question
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:
Answer
  • an inheritable freehold estate.
  • a life estate with remainder.
  • a life estate pur autre vie.
  • none of the above.

Question 10

Question
The highest and best form of estate in real property is which of the following?
Answer
  • appurtenant easement
  • defeasible fee
  • life estate in reversion
  • fee simple absolute

Question 11

Question
Estate for years, estates from year to year, estates at will, and estates by sufferance:
Answer
  • are leasehold estates
  • create a legal relationship between the parties of landlord and tenant
  • are nonfreehold estates
  • all of the above

Question 12

Question
Title held in the name of a corporation with many stockholders is considered to be held as:
Answer
  • severalty.
  • joint tenancy.
  • tenancy in common.
  • tenancy by entireties.

Question 13

Question
Which of the following types of ownership requires unity of interest, title, time, and possession?
Answer
  • cooperative
  • tenancy in common
  • joint tenancy
  • condominium

Question 14

Question
None of the following includes the automatic right of survivorship in North Carolina EXCEPT:
Answer
  • tenancy in common.
  • tenancy by the entirety.
  • life estate.
  • joint tenancy.

Question 15

Question
The purchaser of a condominium unit receives title to the land on which the condominium is situated as a:
Answer
  • tenant by the entirety.
  • tenant in common.
  • joint tenant.
  • tenant at sufferance.

Question 16

Question
The purchaser of a condominium time-share:
Answer
  • 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.

Question 17

Question
In the cooperative form of ownership:
Answer
  • 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.

Question 18

Question
A tenant in common:
Answer
  • 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.

Question 19

Question
Ownership as tenants by the entirety includes which of the following?
Answer
  • 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

Question 20

Question
An encumbrance always:
Answer
  • has a positive effect on property value.
  • has a negative effect on property value.
  • is a lien.
  • none of the above.

Question 21

Question
All of the following are examples of specific liens EXCEPT:
Answer
  • income tax liens.
  • mortgage liens.
  • mechanic’s liens.
  • real property tax liens.

Question 22

Question
Which of the following statements regarding judgment liens is correct?
Answer
  • 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.

Question 23

Question
Liens, easements, encroachments, and restrictive covenants are examples of which of the following?
Answer
  • emblements
  • estovers
  • estates
  • encumbrances

Question 24

Question
Which of the following is an estate that automatically renews itself for consecutive periods?
Answer
  • estate at will
  • life estate
  • estate from year to year
  • estate for years

Question 25

Question
New construction time-share properties in North Carolina require:
Answer
  • 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.

Question 26

Question
Time-share property in North Carolina:
Answer
  • 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.

Question 27

Question
An example of an appurtenant easement would be:
Answer
  • 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.

Question 28

Question
All of the following involve ownership of real property EXCEPT:
Answer
  • cooperatives.
  • condominiums.
  • townhouses.
  • time-shares.

Question 29

Question
All of the following are real property EXCEPT:
Answer
  • standing timber.
  • underground minerals.
  • readily movable items.
  • naturally growing vegetation.

Question 30

Question
The item(s) included as real estate is (are):
Answer
  • trees.
  • fences.
  • a built-in microwave.
  • all of the above.

Question 31

Question
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:
Answer
  • personal property.
  • real property.
  • an improvement.
  • a fixture
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