ASREB National Test A-2 Questions and Answers 100% Verified
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Course
ASREB
Institution
ASREB
ASREB National Test A-2 Questions and Answers 100%
Verified
The highest form of an estate would be:
Fee simple
Defeasible fee
Fee conditional
Estate in remainder Answer-Fee Simple
A tenant is living without permission on the property after the lease expires. What type of
estate would the t...
ASREB National Test A-2 Questions and Answers 100%
Verified
The highest form of an estate would be:
Fee simple
Defeasible fee
Fee conditional
Estate in remainder Answer-Fee Simple
A tenant is living without permission on the property after the lease expires. What type of
estate would the tenant most likely hold?
Estate for years
Estate at sufferance
Estate for period
Estate at will Answer-Estate for years
A legal action by a court to review and distribute an estate is called: Answer-Probate
Which of the following tenancy would allow survivorship?
Tenancy in common
Joint tenancy
In severalty
Interval ownership Answer-Joint tenancy
, ASREB National Test A-2 Questions and Answers 100%
Verified
A property is held in joint tenancy and one of the parties dies testate, which of the following is
true?
Title would transfer according to the will
Divided between the spouse and children
Goes to the joint tenant survivor
Would pass to the heirs after probate Answer-Goes to the joint tenant survivor
J & R own property and R dies. R's children try but can't obtain the title from J. What type of
title did J & R hold?
Sole and Separate
Tenancy in common
Joint tenancy
Community property Answer-Joint tenancy
How would two buyers take title if they were not related?
Sole and separate
Tenancy in common
Interval
Community property Answer-Tenancy in common
What type of lease would the renter pay all expenses?
Net
, ASREB National Test A-2 Questions and Answers 100%
Verified
Gross
Index
Percentage Answer-Net
A husband and wife own property as tenants in common. If one dies the property would pass to
the:
Surviving spouse
State by escheat
Estate of the deceased
Joint tenant Answer-Estate of the deceased
Which of the following would have an interest in real estate but not an estate?
Lease
Life Tenant
Fee conditional ownership
Easement Answer-Easement
A lease where the lessee will pay a fixed rent plus a portion of the gross sales is called
Index
Percentage
Positive leasehold
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