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Real Estate Section 3: Ownership of Real Property

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

Which of these is NOT a right included in a real property owner’s bundle of rights?

a)

Control

b)

Encroachment

c)

Enjoyment

d)

  Possession

2.

Property owners may keep, sell, or lease their rights. Which of the following do those rights include?

a)

Collusion

b)

  Encroachment

c)

Profit and license

d)

Tax-free status

3.

Kyle owns six acres of land with 400 feet of river frontage. He wants to build a beach along the river bank to make it easier to swim in the river. He can do this because as the owner of river frontage, he has ________ rights.

a)

Alluvial

b)

Erosion

c)

  Littoral

d)

  Riparian

4.

Which of the following is true about air rights?

a)

They allow the owner to use the open space above buildings.

b)

  They allow the owner to use the space directly below buildings

c)

They cannot be bought or sold.

d)

  They include mineral rights.

5.

Which of the following refers to rights that come with the land?

a)

Adverse possession

b)

  Appurtenance

c)

  Lis pendens

d)

Servient

6.

Hal and Sara own a 212-acre farm. Their property is landlocked, but they have permitted water rights to use the stream located six miles away for irrigation purposes. What kind of water rights do they hold?

a)

Alluvial

b)

Littoral

c)

  Prior appropriation

d)

  Riparian

7.

Non-lawful possession after the expiration of a lease is called ______.

a)

Estate at sufferance

b)

  Estate at will

c)

Estate for years

d)

Leasehold estate

8.

Jess has permission to live on his father's property as long as Jess' grandmother is alive. This is an example of which type of life estate?

a)

Conventional

b)

  Life estate with remainder

c)

Pur autre vie

d)

  Reversionary

9.

If a buyer purchases a property as an estate in severalty, how many co-owners might be involved?

a)

None, because a corporate entity owns the property

b)

None, because only one person owns the property

c)

  One or more co-owners

d)

Only one: the buyer’s spouse

10.

Which of the following is a life estate in property held by a widow?

a)

Curtesy

b)

  Dower

c)

  Estate at will

d)

  Homestead

11.

Which form of real property ownership requires five unities to create and gives owners the right of survivorship, but doesn’t allow owners the right to sell the fractional interest owned?

a)

  Estate in severalty

b)

Joint tenancy

c)

  Tenancy by the entirety

d)

Tenancy in common

12.

Once Greg and Caitlin were married, they decided to purchase a home together. Since it was a shotgun wedding after a weekend in Vegas, they made sure that their ownership included the right of survivorship as well as protection from the other spouse attempting to sell the house from under them. Though not recognized in all states, the most likely form of co-ownership under which they would make this purchase is ______.

a)

  Estate in severalty

b)

  Joint tenancy

c)

Tenancy by the entirety

d)

Tenancy in common

13.

Rhonda and Oliver bought an old schoolhouse with the hope of transforming it into a residence. They owned the property as joint tenants. After Oliver died, how did Rhonda own the building?

a)

As a joint tenant with rights of survivorship

b)

  As a tenant in common with Oliver’s heirs

c)

In severalty

d)

In trust

14.

Which form of ownership gives the owner full control over the entire property, and doesn’t share the property with co-owners?

a)

Estate in severalty

b)

Joint tenancy

c)

  Tenancy by the entirety

d)

Tenancy in common

15.

Mark has been openly using a property without the owner’s permission for the last 30 years. What else must he do to meet the adverse possession requirements?

a)

File a quitclaim deed.

b)

Have a reasonable belief in his right to possess the property.

c)

  Notify the owner of his intent to continue to use the property.

d)

Obtain a mechanic’s lien against the owner.

16.

In which form of co-ownership is a person's ownership inheritable?

a)

Joint tenancy

b)

Tenancy by the entirety

c)

Tenancy in common

d)

  Tenancy in severalty

17.

Which of these is the best example of an estate from period to period?

a)

After Morgan's one-year lease expired, he continued to lease the property with no defined end date.

b)

John's lease terminated automatically and was inheritable.

c)

Peggy's lease expired, but she wouldn't leave the apartment.

d)

Ricardo's lease had no specified end date and required reasonable notice to terminate.

18.

Sam and Bridget are cousins who jointly own property. They are both named on the deed, they received title at the same time, they have the right of survivorship, and they each have equal interest and undivided rights of possession. What type of ownership do they have?

a)

Estate in severalty

b)

Joint tenancy

c)

  Tenancy by the entirety

d)

  Tenancy in common

19.

Which of the following is an example of a fee simple freehold estate?

a)

  You are entitled to possess the property for two years.

b)

You pay rent.

c)

Your heirs cannot inherit the property.

d)

Your ownership can be passed on to your children.

20.

In which form of co-ownership is a person's ownership inheritable?

a)

  Joint tenancy

b)

Tenancy by the entirety

c)

  Tenancy in common

d)

Tenancy in severalty

21.

If the Bakers allow their neighbors, the Crandalls, an easement or right of way through their owned field, the Bakers are the _________ tenement in this example.

a)

Appurtenant

b)

Dominant

c)

Gross

d)

Servient

22.

A fence that's placed two feet onto a neighbor’s property line meets the legal definition of _______.

a)

A conveyance

b)

An easement

c)

  An encroachment

d)

A seisin

23.

A property has just been foreclosed on. Which of the following describes the rules regarding lien priority?

a)

Junior and senior lien holders take priority and must prorate the amount they receive based on amount owed

b)

Largest liens are paid first, then in order of priority: property taxes, mechanic’s liens, all others by date of filing

c)

  Mechanic’s liens take priority, with all others dependent on date filed.

d)

Property tax liens take priority, with all others following a “first in time” rule.

24.

Will was sued for damages related to a car accident in which he was involved last year. As part of the proceedings, the court placed a lien against his primary residence. What type of lien is this?

a)

  Attachment

b)

  General

c)

  Mechanic's

d)

Voluntary

25.

Which of the following is an easement?

a)

A path providing neighborhood access to a pond cuts through part of Bill’s property.

b)

  Jeff installed a sidewalk next to his driveway, six inches outside his property.

c)

The city seized a formerly private parcel of land for public use.

d)

  The state took ownership of Dawn’s property when no heirs could be located following her death.

26.

An easement dictates that property owner A gives the right to property owner B to use a portion of the property. Which term describes property A?

a)

Domain estate

b)

Dominant estate

c)

Service estate

d)

Servient estate

27.

Kurt bought a vacant lot in a development that was 85% completed. When he started working with the builder to lay out where the house and driveway would be, they found he would need an easement because his driveway would spill over onto the adjacent lot by a few feet. Kurt owns the _______ estate or tenement.

a)

Dominant

b)

Gross

c)

Prescriptive

d)

  Servient

28.


Your client, Darnell, is interested in buying a rental property that has current tenants. He plans to rent the property to friends the month after he buys it. Which of the following statements is true and could affect Darnell’s decision to buy the property?

a)

As the new owner and landlord, Darnell has the right to terminate the lease so his friends can move in

b)

  As the new owner, Darnell can change the lease term so that the current tenants have to leave 30 days before his friends to move in.

c)

If the existing tenants pre-paid the rent for a year to the former owner, they will also have to pay rent to Darnell.

d)

Unless stated otherwise in the lease, the existing tenants usually have the right to retain possession of a property, even if it’s sold during their lease term.

29.

Eric didn’t have direct access to the small lake in his subdivision; he had an easement arranged with his neighbor. Ten months ago, the developer built a public access road to the lake, so Eric stopped using the easement. What type of easement termination is this?

a)

Abandonment

b)

  Express

c)

Merger

d)

  Necessity

30.

What is it called when one party has the right to use land owned by another party for a special purpose?

a)

Control

b)

  Disposition

c)

Easement

d)

  Enjoyment

31.

Brent and Kathy recently bought a property in a gated community. While doing some landscaping they noticed that their neighbor’s shed seems to be over the lot line and on their property. What should they consult to determine if the shed is an encroachment?

a)

Deed

b)

HOA covenant

c)

Mortgage

d)

Survey

32.

Elaine owns a home on a flag lot behind James. Her easement for a common driveway runs through James's property. What kind of ownership rights does Elaine have of the driveway that runs through James’s property?

a)

  Absolute

b)

Non-possessory

c)

Possessory

d)

Temporary

33.

What type of lien funds public property improvements?

a)

First mortgage

b)

  Judgment

c)

Mechanic’s

d)

Special assessment

34.

Which type of easement is acquired through years of use, with one person acquiring the permanent right to use another’s property by doing so for an extended period of time?

a)

  Easement appurtenant

b)

  Easement by way of necessity

c)

  Easement in gross

d)

Prescriptive easement

35.

Tina has fee simple ownership of her timeshare unit. Which of these is NOT an example of the type of ownership she may have?

a)

  Interval ownership

b)

Right-to-use

c)

Tenancy in common

d)

Timeshare estate

36.

What type of timeshare involves a buyer agreeing to pay a one-time purchase price and an annual maintenance fee, and in return selecting an accommodation time and having the right to use the unit for a specified number of years?

a)

Lifelong

b)

Permanent

c)

  Renewable

d)

Vacation

37.

If a buyer purchases real property that includes the unit in a building, all of the space in the unit, and shared ownership of the common areas in the building, what type of real estate did the buyer purchase?

a)

A condo

b)

  A co-op

c)

An apartment

d)

A timeshare

38.

Brandon has a right-to-use timeshare. What can he NOT do with this type of timeshare?

a)

Allow a friend to use his week.

b)

Pass the timeshare on to an heir.

c)

  Purchase an additional week if it becomes available.

d)

Try to exchange weeks with another timeshare holder.

39.

Vicky and Lee vacation in Cancun, Mexico every year. They purchased the right to stay in a beach condo for the first two weeks in May, and their agreement continues for the next 10 years. They don’t actually own the unit. What did they purchase?

a)

Condo estate

b)

Cooperative unit

c)

Timeshare estate

d)

Timeshare use

40.

Sheila owns a timeshare that gives her ownership of the property for a certain number of weeks per year in perpetuity. What type of timeshare is this?

a)

Eternal timeshare

b)

  Timeshare estate

c)

Timeshare in perpetuity

d)

  Timeshare use interest