Superior Real Estate School Exam| Questions and Answers, 100% Correct| Newly 2024
All of the following are physical characteristics of land except:
A.
... [Show More] Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity
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
D. Permanence of Investment
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
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
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:
A. Severance
B. Annexation
C. Immobility
D. Indestructibility
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
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
B. Estate in Remainder
C. Estate Pur Autre Vie
D. Estate for the life of another
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
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
D. as a life tenant with her brother's heirs having remainder interests
B. in severalty
Co-owners of a fee simple interest in a small office building are neither related to
nor a creditor to each other. One owner dies intestate. The surviving owner would
become the sole owner of the property under which of the following rights? [Show Less]