Real Estate Knowledge Quiz

What type of ownership allows multiple people to share ownership but with rights of survivorship?

• Tenancy in common

• Joint tenancy

• Tenancy at will

• Fee simple

What is an encroachment?

• A government taking of property

• Unauthorized use of another’s land

• A zoning violation

• A type of easement

What is the highest form of property ownership?

• Life estate

• Fee simple

• Leasehold estate

• Tenancy in common

What is the purpose of zoning laws?

• To regulate the use of land

• To determine ownership

• To issue real estate licenses

• To set interest rates

What is a metes and bounds description?

• A system using natural and artificial landmarks

• A government rectangular survey system

• A description using latitude and longitude

• A system based on street names

What type of easement benefits a neighboring property?

• Easement in gross

• Appurtenant easement

• License

• Encroachment

What is an example of personal property?

• A tree planted in the yard

• A built-in dishwasher

• A dining room table

• A swimming pool

What type of leasehold estate has no specific termination date?

• Estate for years

• Periodic tenancy

• Tenancy at will

• Tenancy at sufferance

What does the term 'eminent domain' refer to?

• The government’s power to regulate zoning

• The government’s power to take private property for public use

• A type of mortgage foreclosure

• A deed restriction

What is the primary purpose of a deed?

• To prove ownership

• To transfer title from one party to another

• To serve as a sales contract

• To act as an easement agreement