Ga Real Estate Final Exam Questions and Correct Answers
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Course
GA REAL ESTATE
Institution
GA REAL ESTATE
Ga Real Estate Final Exam Questions and
Correct Answers
Ga Real Estate Final Exam Questions and
Correct Answers
Ga Real Estate Final Exam Questions and
Correct Answers
Ga Real Estate Final Exam Questions and
Correct Answers
Ga Real Estate Final Exam Questions and
Correct Answers
Ga R...
Ga Real Estate Final Exam Questions and
Correct Answers
How would an unmarried couple take ownership to real property if they want a full
ownership immediately upon the death of the other Co-Owner?
A. Tenancy By The Entirety
B. Joint Tenancy
C. Tenancy In Common
D. Severalty
✓ ~~~ Joint Tenancy
In a trust, legal title to real property is transferred to a person to be held and
managed by the person *for the benefit of the:*
A. Trustee
B. Trustor
C. Beneficary
D. Grantor
✓ ~~~ Beneficiary
A person who purchases shares of stock in a corporation that owns a building and
recievs a proprietary lease to specific unit within the building has purchased a
A. Timeshare
B. Cooperative
C. Condominium
D. Limited Partnership
✓ ~~~ Cooperative
Several persons own a property as tenants in common. One of the owner dies and
the heirs want to sell the property, where as the other owners prefer to retain the
property. If the parties cannot reach an agreement, which of the following actions
would most likely be taken by the heirs who want to sell?
A. File a partition Action
B. File a foreclosure Action
C. File a Quiet Title Action
D. Force the remaining owners to buy his or her interest
✓ ~~~ File a partition action
A father conveyed the family property to his daughter by will as a pur autre vie estate
for the life of her mother. If the daughter should die before the mother, who gains
possession of the property?
A. Remainderman
B. Mother
C. Father
D. Daughters Heirs
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