REE Ch. 8 Exam Questions With Revised Answers

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REE Ch. 8 Exam Questions With Revised
Answers

Which right allows a property owner to prosecute trespassers?


- Right to encumber


- Right to exclude


- Right to join


- Right to transfer - answer✔✔Right to exclude
Upon the death of the owner, a life estate passes to whom?


- The original owner or other named person


- The owner's heirs


- The state


- The owner's spouse - answer✔✔The original owner or other named person
Which of the following is NOT a real property right?


- Transfer

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- Encumber


- Exclude


- Expand - answer✔✔Expand
Mary wants to indicate that her property will serve as a camp for foster children. What type of
estate does Mary want?


- Fee Assigned


- Qualified Fee Simple


- Life Estate


- No Unity Estate - answer✔✔Qualified Fee Simple
Sally, Jake, and Bill hold a property in joint tenancy. How are their property shares divided?


- One person must hold at least 50% of ownership


- Each person holds equal shares


- Each owner holds a 20% share


- Shares are not divided in joint tenancy - answer✔✔Each person holds equal shares
If the real estate interest-holder enjoys the right of possession, the party is considered to have
a(n)