REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS
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Course
REE 3043
Institution
REE 3043
REE 3043 EXAM 1 CURCIO QUESTIONS WITH REVISED AND UPDATED ANSWERS
The total value of owner-occupied housing and investible commercial real estate in the United States is estimated to be approximately: - Answer-$26 trillion
Judgment liens against an owner of real estate may be nullified or limi...
REE 3043 EXAM 1 CURCIO QUESTIONS
WITH REVISED AND UPDATED
ANSWERS
The total value of owner-occupied housing and investible commercial real estate in the
United States is estimated to be approximately: - Answer-$26 trillion
Judgment liens against an owner of real estate may be nullified or limited by: - Answer-
State laws governing homesteads
In Florida, designating a principal residence as a homestead: - Answer-Protects the
residence from bankruptcy sale
Lien Priority in real estate is significant because of: - Answer-the "all or nothing"
treatment of creditors in the event of a property sale.
Items that were formerly personal property but have been converted to real property are
called: - Answer-fixtures
Which of the following marriage-related forms of co-ownership gives the surviving
spouse, one-third life estate in real property, but ignores personal property wealth, of
the decedent? - Answer-Dower/courtesy
Which type of ownership combines estate in severalty and tenancy in common? -
Answer-Condominium
Charles is 75 years old and has no heirs. While meeting with his lawyer about some
estate planning issues, the lawyer suggests that Charles donate his current home to his
church under condition that he be allowed to live there for the rest of his life. This is an
example of what type of ownership? - Answer-Ordinary life estate with remainder
interest.
Jeff owns 150 acres between a highway and a public beach. The state would like to
build a road directly from the highway to the beach across Jeff's property. The space for
this road would be considered: - Answer-An easement in gross
Wording in a deed such as "does hereby grant, bargain, sell and convey unto ..." would
satisfy the required element of: - Answer-words of conveyance
A seller can meet the requirement for "evidence of title" by - Answer-Providing a title
abstract with attorneys opinion
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