Unit 3: Interests in Real Estate Practice Quiz

Question 1

The right of a government body to take ownership of real estate for public use us called…

Answer 1

Eminent domain

Question 2

One who has ownership rights of real estate that could continue forever and which provide that no other person can claim to be the owner of or have any onwership control over the property has

Answer 2

Fee simple absolute

Question 3

The owner of fee simple title to a vacant lot adjacent to a hospital decided to make a gift of the lot to the hospital. The deed conveyed ownership of the lot to the hospital “so long as it is used for hospital purposes.” After completion of the gift,the hospital will own

Answer 3

Fee simple determinable

Question 4

Your neighbors use your driveway to reach the garage on their property. Your attorney explains that the neighbors’ real estate includes an easement appurtenant giving them the right to do this. Your property is…

Answer 4

the servient tenement

Question 5

A license is an example of…

Answer 5

a personal privilege

Question 6

An easement appurtenent

Answer 6

runs with the land

Question 7

A property on Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government’s power of ….

Answer 7

Eminent domain

Question 8

Which of the following is NOT an example of governmental power?

Answer 8

Remainder

Question 9

A property owner who has the legal right to use a neighbor’s land holds…

Answer 9

an easement

Question 10

Which of the following is a legal life estate?

Answer 10

homestead

Question 11

An owner conveys ownership of a residence to a church but reserves a life estate in the residence. The future interest held by the church is

Answer 11

a remainder

Question 12

The new owner of a property installs a fence on the property. By mistake, the fence extends one foot over the lot line onto a neighbor’s property. The fence is an example of

Answer 12

encroachment

Question 13

A homeowner may be allowed certain protection from judgements of creditors as a result of the state’s

Answer 13

homestead rights

Question 14

A person has permission from a property owner to hike on the owner’s property during the autumn months. The hiker has

Answer 14

license

Question 15

A homestead is a legal life estate in real estate that is

Answer 15

occupied as a family home

Question 16

Bc a homeowner failed to pay the real estate taxes on time, the taxing authority imposed a claim against the homeowner’s property This claim is known as..

Answer 16

a lien

Question 17

The type of easement that is a right-of-way for a utility company’s power lines is

Answer 17

easement in gross

Question 18

The process by which government takes control of a property after the owner dies without a will or lawful heir is

Answer 18

escheat

Question 19

A landowner has divided a large parcel of land into smaller parcels and has recently sold a tract near a nature preserve that is landlocked and cannot be entered except through one of the other tracts. The buyer of that property will probably be granted what type of easement by court action?

Answer 19

easement by necessity

Question 20

All of the following will terminate an easement EXCEPT:

Answer 20

release of the right of easement to the dominant tenement