Chapter 9.2 Quiz Buying a Home

Ownership of property can come about by deed, inheritance, or law

• True

• False

An easement is the right to cross someone else’s property for a particular purpose.

• True

• False

A license is a permanent, irrevocable right to the use of another person’s land or property.

• True

• False

A deed is different than a lease because a deed actually transfers title of ownership, whereas a lease does not.

• True

• False

A freehold estate is one in which the holder owns the land

for _____________.

• life or forever

• 10 years

• 100 years

• 50 years

A type of co-ownership in which a person's heirs inherit that person's share of a property is known as ___________________.

• tenancy by the entirety.

• tenancy in common.

• joint tenancy.

• adverse possession.

A deed that transfers a seller's interest in property but does not warrant that the seller owns any interest is a __________.

• general warranty deed.

• mortgage deed.

• quitclaim deed.

• special warranty deed.

A type of co-ownership in which each owner’s share goes to the surviving co-owner(s) upon death is called _______________.

• joint tenancy

• community property

• common

• tenancy by the entirety

In 2005, the U.S. Supreme Court ruled that the government can take someone’s property to ______________.

• build low-income housing.

• promote economic development

• create a wildlife sanctuary

• prevent new developments from being built

Most cities and towns have ____________________ laws to regulate the use of property in specified areas.

• minor

• major

• zoning

• district