Unit 3 Review Exam

Unit 3 Review Exam

Professional Development

20 Qs

quiz-placeholder

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Unit 3 Review Exam

Unit 3 Review Exam

Assessment

Quiz

Business

Professional Development

Practice Problem

Easy

Created by

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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