FSU REE3043 Final Exam2024 Correct Question and Answers

FSU REE3043 Final Exam2024 Correct Question and Answers The physical rights to real estate generally include all of the following, except: A. air rights B. mineral rights C. surface rights D. easement rights D. easement rights States which follow the traditional ownership-in-place concept: Recognize the ownership of oil and gas a part of land ownership Which of the following is NOT a test of the court used to resolving disputes about fixtures? A. The Annexation Test B. The Intent Test C. The Test of Expectation D. The Adaptation Test C. The Test of Expectation An owner's legal right to control entry to real property and to use the property as collateral for loans is a part of an owner's right of: Exclusive possession An estate having a duration set by private contract is known as a: Non-freehold estate The future interest in an ordinary life estate is called the: Remainder (A future interest, called the remainder, vests in the grantor of the ordinary life estate) ________ exist when rights of possession transfer with oral instead of written agreements. Tenancies at will If one co-owner dies and that owner's rights become divided among the surviving partners, rather than passed to the heirs of the deceased, the ownership interest: Has a right of survivorship (The right of survivorship mean that if one co-owner dies, that owner's rights become divided among the surviving partners) A form of ownership of real estate with fee simple ownership of individual units, and ownership as tenants in common of the common areas is termed: A condominium The right of government to enforce zoning and growth control measures come under the government's authority known as: Police power True or False: The rights of the utility company to use a particular part of an individual's property for the installation of their utility lines is an example of an easement appurtenant. False (This is an example of easement in gross) True or False: If a 20-foot wide easement crosses another property allowing the Smiths to gain access to their otherwise landlocked property, the Smiths have what is termed a servient estate. False (The Smith's property holds a dominant estate. The property which is crossed has what is termed the servient estate) True or False: If Bill verbally gives Eddie the right to fish in Bill's pond, this right is termed a li