
Unit 3 Review Exam
Quiz
•
Business
•
Professional Development
•
Practice Problem
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Easy
Alberto De Leon
Used 6+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A recently married couple each owned a home before getting married. Now the homes are owned as:
Joint tenants
Tenants by the entirety
Life tenants
Separate property
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a form of ownership:
Tenancy-by-the-entireties
Tenancy-in-common
Tenancy-in-severalty
Tenancy-at-will
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The default form of ownership when a married couple purchases Florida real estate is tenancy:
By the entireties
In common
At sufferance
In severalty
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The four conditions required for a joint-tenancy are:
time, title, tenancy, term
Time, possession, title, interest
Term, rate, interest, reversion
Investment, use, deed, delivery
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In selecting the form of ownership , two people would NOT consider:
Their marital status
The right of survivorship
The amount of land they are purchasing
The existence of a will
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an ownership characteristic of real estate?
Performance
Use
Disposition
Exclusion
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buyer purchased the back 40 acres from Seller. Shortly after purchasing, Buyer discovered that there was no public access to her property. Buyer's right to cross Seller's property is an easement:
By prescription
In gross
Appurtenant
By necessity
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