Joint tenancy Study guides, Class notes & Summaries
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CRPC Sample Tests Questions & Answers(GRADED A)
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Gift splitting - ANSWER Allows a married couple to double their allowable annual exclusions is only allowed for married couples 
 
Ownership limited to spouses only - ANSWER Joint tenancy tenancy by the entirety community property 
 
Grantor retained interest Trust Grit - ANSWER Grantor can receive all income earned by the trust 
 
Qualified terminable interest Property Trust Q-tip -
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PSI Real Estate Salesperson Exam 1 Actual Update 2024/2025
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All of the following would be considered 
real property EXCEPT 
1. mineral rights. 
2. a leasehold estate. 
3. fixtures. 
4. air. - a leasehold estate. 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord. 
2. on which the easement is placed. 
3. owned by the tenant. 
4. that benefits from the easement. - that benefits from the easement. 
Which of the following statements concerning encumbrances is NOT true? 
1. All encumbrances are liens. 
2. All liens are e...
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MD Real Estate Salesperson Exam Review with Certified Solutions
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MD Real Estate Salesperson Exam 
Review with Certified Solutions 
 
Which of the following would NOT be considered real property? 
1. mineral rights 
2. a leasehold estate 
 
3. fixtures 
 
4. air 2. a leasehold estate 
 
- a leasehold estate is a non-freehold estate involving the tenant's right to occupy the real estate 
during the term of the lease 
 
The servient estate in an easement appurtenant is the property 
1. owned by the landlord 
2. on which the easement is placed 
3. owned by the...
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+
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Pearson Vue Exam Questions & Answers, 100% Accurate, rated A+ 
 
 
Real property interests include... - -an appurtenance that goes with the land. 
 
Examples: buildings, fences, trees, water rights, the ground below, mineral rights, air rights, easements 
 
What is a form of ownership that is restricted to husbands and wives? - -Tenancy by the entirety. 
 
Each owns the entire parcel. Neither can separately convey and interest during the other's life time. On the death of a spouse, the survivo...
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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Questions and Answers(A+ Solution guide)
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Define a 'Dwelling Unit' - Answer-A self-contained housing unit with one or more habitable rooms 
containing at minimum a kitchen, bathroom facilities and an exit from the building. 
What is the difference between a semi-detached structure and a vertically divided duplex? - Answer-- A 
duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out 
- The 2 dwelling units in a semi-detached structure are each owned separately (under 2 titles) 
Define ...
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Oklahoma Real Estate Practice Questions Solved 100% Correct
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Tenancy in severalty - Answer sole ownership of a freehold estate 
CO-OWNERSHIP - Answer ownership by two or more owners 
Tenancy in common - Answer -co-tenants enjoy an individually owned, undivided 
interest; any ownership share possible; no survivorship 
Joint tenancy - Answer equal, undivided interest jointly owned by two or more parties, 
with survivorship; requires four unities to create: time, title, interest, possession; joint 
tenants can sell their interest, but the interest becomes a ...
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Tennessee National Portion Real Estate Exam Questions and Answers Already Passed
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Tennessee National Portion Real Estate 
Exam Questions and Answers Already 
 
Passed 
 
A corporation is a legal entity that can buy and sell real estate as set out in its charter. 
 
Ownership in severalty is property owned by one individual or corporation. 
 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells 
that interest to a new owner. The result is a tenancy in common between the new owner and 
the remaining joint tenants 
 
The owner of a con...
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PSI Real Estate Salesperson Exam Actual Update Questions with Correct Answers and 2024/2025
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All of the following would be considered real property except 
1. Mineral rights 
2. A leasehold estate 
3. Fixtures 
4. Air - 2. A leasehold estate 
The servient estate in an easement appurtenant is the property 
1. Owned by the landlord 
2. On which the easement is placed 
3. Owned by the tenant 
4. That benefits from the easement - 2. On which the easement is placed 
Which of the following statements concerning encumbrances is not true? 
1. All encumbrances are lien 
2. All liens are encumbra...
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FINAL EXAM - Real Estate Principles Correct 100%
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When discussing the concept of total square footage with your client, what is the BEST way to describe how the total square footage is measured? 
 
A. 
Total area of the property measured from the inside walls of the home. 
B. 
Total Area Under Roof (TAUR) 
C. 
Measure all square footage of included real property, including both attached and detached structures. 
D. 
Living area square footage only. - ANSWER Correct!! Answer: 
Total Area Under Roof (TAUR) 
 
(This question covers Property Owners...
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Florida Real Estate Exam / Florida Real Estate Exam 2024 - 2025 with 100% correct answers GRADED A+
- Exam (elaborations) • 166 pages • 2024
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Florida Real Estate 
Exam / Florida Real 
Estate Exam 2024 - 
2025 with 100% 
correct answers 
GRADED A+ 
Samuel wants to do a 1031 exchange. He sold his 
investment property and has identified the property he'd like 
to buy next. Within how many days must he close on this 
property in order for it to qualify as part of the exchange? - 
ANS-a. 180 
b. 30 
c.45 
d.60 
a. He has 45 days to identify a property he would like to 
purchase and 180 days to close on it, from time of sale. 
In which for...
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