SUPERIOR REAL ESTATE SCHOOL EXAM WITH GUARANTEED ACCURATE ANSWERS
6 views 0 purchase
Course
SUPERIOR REAL ESTATE SCHOOL
Institution
SUPERIOR REAL ESTATE SCHOOL
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - ACCURATE ANSWERS 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 breach...
SUPERIOR REAL ESTATE SCHOOL
EXAM 2024\2025
SUPERIOR REAL ESTATE SCHOOL EXAM 2024\2025 WITH GUARANTEED
ACCURATE ANSWERS
All of the following are physical characteristics of land except:
A. Indestructibility
B. Uniqueness
C. Immobility
D. Scarcity - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 - ACCURATE ANSWERS✔✔ 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 -
ACCURATE ANSWERS✔✔ B. in severalty
Co-owners of a fee simple interest in a small office building are neither
related to nor a creditor to each other. One owner dies intestate. The
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 GRADEUNITS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
