Fee simple determinable - Study guides, Class notes & Summaries

Real Property (Barbri) Exam Questions & Answers 2023/2024 The Present Estates/Freehold Estates - ANSWER-1. Fee Simple Absolute 2. Fee Tail 3. Defeasible Fees (3 types) a. Fee Simple Determinable b. Fee Simple Subj. to Cond.Subsequent c. Fee Simple Subj. to Executory Limitation 4. The Life Estate The Present Estates/Freehold Estates - ANSWER-The Bar will expect you know three things with respect to each estate 1) What language creates it? 2) What are the estate's distinguishin...

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...

The right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain (D.) a prescriptive easement - Answer- (A.) An easement in gross Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the parties? (A.) Phil replaces Linda as a joint tenant with 25% interest in the ...

GA MLS midterm review Exam Study Guide With Verified Solutions. Conditions of terminating a contract - answerREEP SAD -Revocation (client) or Renunciation (agent) -Expiration -Extinction -Performance (BEST WAY TO TERMINATE CONTRACT!!) -Supervening Illegality (eminent domain) -Agreement -Death Bundle of Legal rights - answerOwnership rights to real property DEEP-C disposition enjoyment exclusion Possession control Economic Characteristics of Real Estate - answerSLIP: Scarcity, ...

Fee Simple Estate - ANSWER An estate only limited by government; no other restrictions of ownership Fee Simple Estate - ANSWER also called indefeasible fee estate Freehold estates - ANSWER All fee estates are Qualified fee estate - ANSWER A fee estate that is subject to limitations other than gov't Qualified Fee estate - ANSWER also called fee simple estate Fee Simple Determinable - ANSWER Fee estate which will terminate if a condition stated in the deed comes into being or is te...

limited partnership - A partnership composed of general and limited partners whose contribution and liability are limited and specifically defined joint tenancy - a form of co-ownership between two or more persons of an interest in real property whereby such persons own the interest together and each person has exactly the same rights in that interest as his co-tenants. Joint tenancy is created by the act of the parties. The key is the right of survivorship. easement in necessity - Arises ...

Life Estates The Four Main Types of Estates - Answer Freehold Estates Leasehold Estates Equitable Estates Concurrent Estates Freehold Estates - Answer Three Types of Freehold Estates Okay, so now you know what a freehold estate is. Let's break it down further into three categories: Fee simple absolute estate Defeasible fee estate (also called qualified fee or fee simple defeasible) Life Estate Fee Simple Estate/Fee Simple Absolute - Answer the highest interest in real ...

Pearson Vue Exam Questions with complete solution Real property interests include... -Correct Answer-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? -Correct Answer-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, t...

The word "Ownership" means the same thing as the word A.Freehold B.Leasehold C.Possession D.Both A & C - Answer D. Both A & C The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer C.Fee Simple Absolute The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer C.Fee Simple A...

GEORGIA REAL ESTATE EXAM REVIEW QUESTIONS | ANSWERED. GRADED A+/ Easement by prescription - -Easement acquired by continuous open and hostile use of the property for the period of time prescribed by state law Easement by necessity - -Easement allowed by law as necessary for the full enjoyment of parcel of real estate .(right of ingress and egress over a grantors land) Rescission - -The practice of one party canceling or terminating a contract. Mortgagee - -The bank(receiving the house)...