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SUPERIOR REAL ESTATE SCHOOL EXAM WITH VERIFIED SOLUTIONS
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SUPERIOR REAL ESTATE SCHOOL EXAM WITH VERIFIED SOLUTIONS
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SUPERIOR REAL ESTATESCHOOL EXAM WITH VERIFIED
SOLUTIONS
All bof bthe bfollowing bare bphysical bcharacteristics bof bland bexcept:
,A. bIndestructibility
B. bUniqueness
C. bImmobility
D. bScarcity b- bcorrect banswer-D. bScarcity
Under bthe bdoctrine bof bspecific bperformance, bthe bparty bharmed bby bbreach bof ba
breal bestate bcontract bcan bask ba bjudge bto bforce bthe bbreaching bparty bto bcarry
bout bthe bterms bof bthe bcontract brather bthan border bthe bbreaching bparty bto bpay
bmonetary bdamages. bWhich bphysical bcharacteristic bof bland bis bthe bbasis bfor bthe
bdoctrine bof bspecific bperformance?
A. bIndestructibility
B. bUniqueness
C. bImmobility
D. bPermanence bof bInvestment b- bcorrect banswer-B. bUniqueness
Which bof bthe bfollowing bis bconsidered bto bhave bthe bgreatest bimpact bon bthe
bvalue bof ba bproperty?
A. bArea bPreference
B. bPermanence bof bInvestment
C. bScarcity
D. bUniqueness b- bcorrect banswer-A. bArea bPreference
The bconcept bby bwhich bland bwould bincrease bautomatically balong ba briver bor
bstream bis bknown bas:
A. bAccretion
B. bLittoral bRights
C. bAvulsion
D. bReliction b- bcorrect banswer-A. bAccretion
The bowner bof ba bhouse bwants bto bfence bthe byard bfor ba bdog. bWhen bthe bfence bis
berected, bthe bfencing bmaterials bare bconverted bto breal bestate bby:
A. bSeverance
B. bAnnexation
C. bImmobility
D. bIndestructibility b- bcorrect banswer-B. bAnnexation
A bdeed bconveyed bownership bto ba bgrantee b"so blong bas bthe bexisting bbuilding bon
bthe bproperty bis bnot bdestroyed." bFollowing bthe btransfer, bthe boriginal bgrantor bhas
bwhat btype bof binterest?
A. bLife bEstate
B. bongoing bownership bin bthe bproperty bthat blasts bas blong bas bthe bcondition
C. bFee bSimple bEstate
D. bReversionary bEstate b- bcorrect banswer-D. bReversionary bEstate
,A bwoman bconveys ba blife bestate bto bher bson-in-law band bstipulates bthat bupon bhis
bdeath bthe bestate bwill bpass bto bher bgrandson. bThe bgrandson bhas ban:
b
A. bEstate bin bReversion
B. bEstate bin bRemainder
C. bEstate bPur bAutre bVie
D. bEstate bfor bthe blife bof banother b- bcorrect banswer-B. bEstate bin bRemainder
A bperson bwho bacquired bownership bthat bcan bbe binherited, bwith bthe bprovision
b"that bthe bland bmust balways bbe bused bfor brecreational bpurposes," bhas:
A. ba bfee bsimple babsolute bestate
B. ba bdefeasible bfee
C. ba bfee bsimple bto ba bcondition bsubsequent bestate
D. ban bestate bthat bcannot bbe bsold b- bcorrect banswer-B. ba bdefeasible bfee
A bbrother band bsister bbought ba bcommercial bbuilding band btook btitle bas bjoint
btenants bwith bright bof bsurvivorship. bThe bbrother bdied. bThe bsister bnow bowns bthe
bbuilding:
A. bas ba bjoint btenant bwith bright bof bsurvivorship bwith bher bbrother's bheirs
B. bin bseveralty
C. bas ba btenant bin bcommon bwith bher bbrother's bheirs
D. bas ba blife btenant bwith bher bbrother's bheirs bhaving bremainder binterests b-
bcorrect banswer-B. bin bseveralty
Co-owners bof ba bfee bsimple binterest bin ba bsmall boffice bbuilding bare bneither
brelated bto bnor ba bcreditor bto beach bother. bOne bowner bdies bintestate. bThe
bsurviving bowner bwould bbecome bthe bsole bowner bof bthe bproperty bunder bwhich
bof bthe bfollowing brights?
A. badverse bpossession
B. breversionary binterest
C. bsurvivorship
D. bforeclosure b- bcorrect banswer-C. bsurvivorship
Three bjoint btenants bwith brights bof bsurvivorship bown ba bparcel bof bland. bOne
bowner bsells bhis binterest bto ba blong-time bfriend. bAfter bthe bconveyance, bthe
bremaining boriginal bowners:
A. bbecome btenants bin bcommon bwith beach bother
B. bbecome btenants bin bcommon bwith beach bother band bthe bnewest bowner
C. bbecome bjoint btenants bwith bthe bnewest bowner
D. bremain bjoint btenants bwith beach bother b- bcorrect banswer-D. bremain bjoint
btenants bwith beach bother
The bowner bof ba bcondominium bunit blearns bthat ba bneighbor bhas bfailed bto bpay
bhis bcondominium bassociation bdues. bIf bthe bneighbor bdoes bNOT bpay bthe bdues:
A. ba blien bcan bbe bfiled bagainst bthe bcondominium bcomplex
, B. ba blien bcan bbe bfiled bagainst bthe bneighbor's bunit
C. ba blien bcan bonly bbe bfiled bagainst bthe bcommon bareas bof bthe bcondominium
D. bthe btaxing bauthority bcan border bthe bcondominium bbe bdissolved b- bcorrect
banswer-B. ba blien bcan bbe bfiled bagainst bthe bneighbor's bunit
The bseveralty bowner bof ba bparcel bof bland bsells bit. bThe bbuyer binsists bthat bthe
bowner's bwife balso bsign bthe bdeed. bThe bpurpose bof bobtaining bthe bwife's
bsignature bis bto:
b
A. bterminate bany brights bthe bwife bmay bhave bin bthe bproperty
B. bdefeat bany bcurtsey brights
C. bprovide bevidence bthat bthe bowner bis bmarried
D. bsubordinate bthe bwife's bsignature bto bthe bbuyer b- bcorrect banswer-A. bterminate
bany brights bthe bwife bmay bhave bin bthe bproperty
Vonda bLee band bWilliam bpurchased ba bhome btogether bin b2003 bwith bthe bdeed
bsimply blisting bboth bof bthem bas b"grantees" bwithout bspecifying bhow bthey bwere bto
bhold btitle. bThey bmarried beach bother bin bearly b2004. bHow bdo bthey bnow blikely
bhold btitle bto bthe bhouse bpurchased bin b2003 bif bthey bhave bnot bmade bany bother
badjustments bto btheir bdeed?
A. btenancy bby bthe bentirety
B. btenancy bin bseveralty
C. bjoint btenancy
D. btenancy bin bcommon b- bcorrect banswer-D. btenancy bin bcommon
Which bof bthe bfollowing bstatements bis btrue? bI. bA blife bestate bis ba bfreehold
bestate. bII. bIt bis bpossible bto bhave ba bfreehold bestate band ba bnon-freehold bestate
bon bthe bsame bproperty bat bthe bsame btime.
A. bI bonly
B. bII bonly
C. bBoth bI band bII
D. bNeither bI bnor bII b- bcorrect banswer-C. bBoth bI band bII
Which bof bthe bfollowing bwould bbe bconsidered breal bproperty? bI. bElectrical bswitch
bplate bcovers bII. bGas blogs battached bto ba bfireplace
b
A. bI bonly
B. bII bonly
C. bBoth bI band bII
D. bNeither bI bnor bII b- bcorrect banswer-C. bBoth bI band bII
Jason's bproperty bis badjacent bto ba bnavigable briver bin bNorth bCarolina band bJason
bwants bto bsell bhis bproperty. bWhich bof bthe bfollowing bstatements bis btrue?
A. bJason bcan brestrict bthe bpublic bfrom busing bthat bportion bof bthe briver bthat bis
bnext bto bhis bproperty
B. bAn bowner bcan bsell bthe bproperty band bretain bhis brights bto baccess bthe briver
bonce bit bis bsold
C. bJason's bland bends bat bthe bcenter bof bthe bwaterway
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