Real Estate Unit 3 Quiz

Real Estate Unit 3 Quiz

Professional Development

20 Qs

quiz-placeholder

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Real Estate Unit 3 Quiz

Real Estate Unit 3 Quiz

Assessment

Quiz

Others

Professional Development

Easy

Created by

Jevon Barwari

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The right of a government body to take ownership of real estate for public use is called

escheat

eminent domain

condemnation

police power

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One who has ownership rights of real estate that could continue forever and which provide that no other person can claim to be the owner or have any ownership control over the property has

fee simple absolute

life estate

determinable fee

condition subsequent

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner of fee simple title to a vacant lot adjacent to a hospital decided to make a gift of the lot to the hospital. The deed conveyed ownership of the lot to the hospital "so long as it is used for hospital purposes." After completion of the gift, the hospital will own

a fee simple absolute estate

a license

a fee simple determinable

a leasehold estate

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your neighbors use your driveway to reach the garage on their property. Your attorney explains that the neighbors' real estate includes an easement appurtenant giving them the right to do this. Your property is

the leasehold interest

the dominant tenement

the servient tenement

the license property

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A license is an example of

an easement appurtenant

an encroachment

a personal privilege

a restriction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An easement appurtenant

terminates with the sale of the property

is a right-of-way for a utility company

is revocable

runs with the land

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A property on Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government's power of

escheat

possibility of reverter

eminent domain

taxation

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