
Principals 1 Unit 13 Interest in Real Estate
Authored by James Marshall
Other
12th Grade
Used 36+ times

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20 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the following terms
transfer of ownership
Encroachment
illegal use of another land
Conveyance
right to use another individuals land
Restriction
rules of what you can or can't do
Easement
any claim or right against a property
Encumbrance
2.
MATCH QUESTION
1 min • 1 pt
Match the following
owned by two or more individuals
Statutory Estate
house in the process of being sold
Leasehold Estate
individual has some degree of ownership
Equitable Estate
created as a matter of state law
Freehold Estate
one person owns, another person lives in
Concurrent State
3.
MATCH QUESTION
1 min • 1 pt
Match the following
Lien for real estate & personal property
Lis Pendens
owner fails to pay for materials or work
Mechanic's Lien
lien against only the real estate
Specific Lien
lien brought by the government
General Lien
notice of lawsuit pending
Statutory Lien
4.
MATCH QUESTION
1 min • 1 pt
Match the following
gradual decrease in land by water
Pur Autre Vie
primary residence
Avulsion
gradual increase in land by water
Accretion
ones interest in property
Estate
duration of another persons life
Homestead
5.
MATCH QUESTION
1 min • 1 pt
Match the following
must go to court to retake ownership
Remainderman
retake ownership automatically
Probate
estate will end upon death of tenant
fee simple determinable estate
legal process to decide who inherits
Fee Simple subject to condition subsequent
recipient of a life estate
Life Estate
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two rights refer to waterfront properties?
riparian and littoral
coastal and riparian
littoral and lakefront
littoral and coastal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Juan is in contract to purchase a house, but the sale has not yet closed. The seller, Anthony, still has ownership interest, but Juan, by entering into a sales contract with Anthony, now has what type of estate?
equitable estate
leasehold estate
life estate
fee simple defeasible estate
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