Exam (elaborations)
Superior Real Estate School Exam 2024/2025
- Course
- Institution
Superior Real Estate School Exam 2024/2025
[Show more]
Content preview
Superior Real Estate School Exam2024/2025
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - Precise Answer ✔✔D. Scarcity
Under the doctrine of specific performance, the party harmed by
breach of a real estate contract can ask a judge to force the
breaching party to carry out the terms of the contract rather than
order the breaching party to pay monetary damages. Which
physical characteristic of land is the basis for the doctrine of
specific performance?
A. Indestructibility
B. Uniqueness
C. Immobility
D. Permanence of Investment - Precise Answer ✔✔B.
Uniqueness
,Which of the following is considered to have the greatest impact
on the value of a property?
A. Area Preference
B. Permanence of Investment
C. Scarcity
D. Uniqueness - Precise Answer ✔✔A. Area Preference
The concept by which land would increase automatically along a
river or stream is known as:
A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction - Precise Answer ✔✔A. Accretion
The owner of a house wants to fence the yard for a dog. When
the fence is erected, the fencing materials are converted to real
estate by:
A. Severance
,B. Annexation
C. Immobility
D. Indestructibility - Precise Answer ✔✔B. Annexation
A deed conveyed ownership to a grantee "so long as the existing
building on the property is not destroyed." Following the
transfer, the original grantor has what type of interest?
A. Life Estate
B. ongoing ownership in the property that lasts as long as the
condition
C. Fee Simple Estate
D. Reversionary Estate - Precise Answer ✔✔D. Reversionary
Estate
A woman conveys a life estate to her son-in-law and stipulates
that upon his death the estate will pass to her grandson. The
grandson has an:
A. Estate in Reversion
B. Estate in Remainder
C. Estate Pur Autre Vie
, D. Estate for the life of another - Precise Answer ✔✔B. Estate
in Remainder
A person who acquired ownership that can be inherited, with the
provision "that the land must always be used for recreational
purposes," has:
A. a fee simple absolute estate
B. a defeasible fee
C. a fee simple to a condition subsequent estate
D. an estate that cannot be sold - Precise Answer ✔✔B. a
defeasible fee
A brother and sister bought a commercial building and took title
as joint tenants with right of survivorship. The brother died. The
sister now owns the building:
A. as a joint tenant with right of survivorship with her brother's
heirs
B. in severalty
C. as a tenant in common with her brother's heirs
D. as a life tenant with her brother's heirs having remainder
interests - Precise Answer ✔✔B. in severalty
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now