Unit 3: Kaplan Exam Flashcards
This is the test taken in Kaplan (not in textbook).
The property Sam bought 30 years ago had an appurtenant easement for access. Then, 20 years ago, the county built a new road, and Sam has not used the easement since that time. When Sam sells the property, the easement…
remains in place and will transfer with the property
The right of the government to establish zoning and land-use laws is an exercise of…
Police Power
A holder of a life estate has all of the following interests EXCEPT..
remainder
All of the following are governmental powers EXCEPT
Deed restrictions
All of the following are considered real property rights EXCEPT…
Natural Rights
The process by which the government exercises its power to take private land for public use is..
Condemnation
A property owner passed away, having no heirs and leaving no will. Ownership of the property may revert to the state through the gov’s right of …
Escheat
Protection on a primary home against certain creditors is known as…
Homestead rights
Which government right is exercised when the state acquires private property through condemnation and pays just compensation?
Eminent Domain
An estate refers to…
the rights held by someone who has a possessory interest in real estate
What is the difference between a freehold estate and a leasehold estate?
Freeholds have an indefinite duration, but leaseholds can terminate
All of the following could be encumbrances on real estate EXCEPT
a fixture
Which estate usually does NOT terminate upon the death of the holder of the estate?
Estate for years
Public restrictions on private land use is an example of…
Police Power
A month-to-month lease is an example of…
A periodic estate
Which is NOT an estate of ownership?
Estate for years
The grantor of a life estate retains
A reversionary interest
All of the following would be considered to have an interest in land EXCEPT
a hunter who has been given permission to hunt in a field
Which of the following liens has first priority?
Property tax
A holder of a freehold estate has rights of…
Ownership
Which of the following would be used to reveal encroachments?
Survey
Private restrictions on private land use are BEST described as
deed restrictions
An estate that lasts only so long as a specified condition is met is known as…
a qualified fee
The grantor of a qualified fee has set the requirment that the property “must be used only as a school” This requirement is known as…
a deed condition
Life tenants in most life estates have all of the following rights EXCEPT
they may place the property in their will
When an individual or entity holds a claim against another’s property, it is..
a lien
An irrevocable right to use the lands of another is called…
an easement
If Ann grants a life estate to Ben and specifies that title will be transferred to Carl upon the death of Ben, which of the following is FALSE?
Carl has reversionary interest
A leasehold estate with a definite expiration date that does NOT require notice of termination by either party is…
An estate for years
