Exam (elaborations)
PA RE Fundamentals Quiz -5 (1).
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- Pennsylvania Real Estate Fundamentals
PA RE Fundamentals Quiz -5 (1).
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PA RE Fundamentals Quiz #5Unlike the rights of ownership, government powers are absolute.
a. True
b. False - ANS-B. FALSE
Like the rights of ownership, government powers are not absolute. Laws must be uniform and
nondiscriminatory; they may not operate to the advantage or disadvantage of any one particular
owner or owners.
Taxation is a charge on real estate to raise funds to meet the needs of public schools.
a. True
b. False - ANS-B. FALSE
Taxation is a charge on real estate to raise funds to meet the public needs of a government.
Escheat, which is intended to prevent property from being ownerless, does NOT occur in
Pennsylvania.
a. True
b. False - ANS-B. FALSE
State laws provide for ownership to transfer, or escheat, to the state when an owner dies leaving
no heirs (as defined by the law) and no will that directs how the property is to be distributed. In
Pennsylvania, both real and personal unclaimed property must be turned over to the state.
Both historically and now, freehold and leasehold estates are distinguished primarily by their
duration and the manner in which they are created.
a. True
b. False - ANS-A. TRUE
Historically, according to English common law, freehold estates were real estate, while
leasehold estates were merely contracts, and thus personal property. Both then and now, the
two types of estates are distinguished primarily by their duration and the manner in which they
are created.
A fee simple estate may NOT be qualified by a special limitation.
a. True
, b. False - ANS-B. FALSE
A fee simple estate may be qualified by a special limitation. In this case, the estate ends
automatically upon the current owner's failure to comply with the limitation.
A legal life estate is NOT created voluntarily by an owner, but a statutory life estate is.
a. True
b. False - ANS-B. FALSE
A legal life estate (or statutory life estate) is not created voluntarily by an owner. Rather, it is a
form of life estate established by state law.
Restrictive covenants are private agreements that affect the use of land, imposed by an owner
of real estate and included in the seller's deed to the buyer.
a. True
b. False - ANS-A. TRUE
Deed restrictions as well as restrictive covenants are private agreements that affect the use of
land. They may be imposed by an owner of real estate and included in the seller's deed to the
buyer.
When improvements on the land straddle property boundaries, easements may only be created
by written agreement.
a. True
b. False - ANS-B. FALSE
Easements may be created when the improvements on the land straddle property boundaries.
These rights are usually addressed by written agreement.
A personal privilege to enter the land of another for a particular purpose is called a license; it
can be terminated or canceled by the licensor.
a. True
b. False - ANS-A. TRUE
A license is a personal privilege to enter the land of another for a specific purpose. A license
differs from an easement in that it can be terminated or canceled by the licensor. If a right to use
another's property is given informally, it generally is considered a license rather than a personal
easement in gross.
Riparian rights are common-law rights granted to owners of land surrounding a lake or a pond.
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