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Real Estate Study
13 Questions
|
By Janetmm | Updated: Jan 10, 2013
| Attempts: 277
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1.
A portion of the homeowners real estate is protected from creditors through which lega life estate
Dower
Curtesty
Special assesment
Homestead
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About This Quiz
Here is some more study guide questions for real estate exam
2.
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2.
In states that recognize a homestead exemption the homeowner is protected against
Mechanics lien
Unsecured creditors
Real estate tax liens
Zoing changes
Submit
3.
Which of the following most likely would be considered community property if a couple lived in a community property state
Property owned by either sopuse prior to the marrige
Property purchased after they were married
Property inherited by either spouse
Property that was a gift to either spouse
Submit
4.
If Amy grants a life estate to Bob and specifies that the property shall be transferred to Charley on the death of BOb, then
Amy has a revesionary right
Bob is the remainderman
Charley is the remainderman
Charley has a reviseionary right
Submit
5.
Bob deeded a property to Katy and provied in the deed that if Katy ever uses the propety for the sale of alcholich beverages, title would revert to Mary. The esate created by Bob is a
Life estate
Fee simple absolute
Defeasible estate
Leasehold estate
Submit
6.
Kevin still has five months left remaing as a one year apt lease. When kevin moves to another city he transfers possesion of the apt to lois fo the entire remaining term of the lease. Lois pays rent directly to Kevin. in this situation kevin is
Sublessor
Assignor
Sublessee
Lessor
Submit
7.
A tenants lease requires that the payment of all the propertys opertating expenses in addition to the rent. The type of lease is called
Net lease
Gross lease
Variable lease
Percentage lease
Submit
8.
The right of surviorship is a characteristic of
A coopertative
Tenancny in common
Joint tenancy
Condominuim
Submit
9.
In which of the following situations would ownership in severalty occur
A husband and wife sharing ownership in the same property
Two or more people with the same ownership interest in the propetrty
Propety owned by one perosn
Two or more people holding the same form of ownership in a property
Submit
10.
Ellen, Jane, and Tom were concurrent owners of a parcel of real estate. Jane died and her interest passed acorrding to her will to become part of her estate jane was a...
Joint tenant
Tenant by the entirety
Limited partner
Tenant in common
Submit
11.
A tenants lease requires that the amount of rent be based on the gross revenue of the buisness occupying the property. This type of lease is a
Net lease
Gross lease
Percentage lease
Renegotiated lease
Submit
12.
If Sarah owns a life estate she could be prohibited from doing which of the following?
Selling her ownership interest
Leasing her ownership interest
Leaving her interest in a will
Living on the property
Submit
13.
Two days after a tenants lease expired the owner discovered that the tenant was still in the possession of the property, which of the following describes the current occupancy
Encroachment
Tenancy in common
Periodic tenancy
A defeasible estate
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All (13)
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Answered (
)
A portion of the homeowners real estate is protected from creditors...
In states that recognize a homestead exemption the homeowner is...
Which of the following most likely would be considered community...
If Amy grants a life estate to Bob and specifies that the property...
Bob deeded a property to Katy and provied in the deed that if Katy...
Kevin still has five months left remaing as a one year apt lease. When...
A tenants lease requires that the payment of all the propertys...
The right of surviorship is a characteristic of
In which of the following situations would ownership in severalty...
Ellen, Jane, and Tom were concurrent owners of a parcel of real...
A tenants lease requires that the amount of rent be based on the gross...
If Sarah owns a life estate she could be prohibited from doing which...
Two days after a tenants lease expired the owner discovered that the...
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