Superior Real Estate School Exam
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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 - ✔✔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 - ✔✔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 - ✔✔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 surviving owner would
become the sole owner of the property under which of the following rights?
A. adverse possession
B. reversionary interest
C. survivorship
D. foreclosure - ✔✔C. survivorship
Three joint tenants with rights of survivorship own a parcel of land. One
owner sells his interest to a long-time friend. After the conveyance, the
remaining original owners:
A. become tenants in common with each other
B. become tenants in common with each other and the newest owner
C. become joint tenants with the newest owner
, D. remain joint tenants with each other - ✔✔D. remain joint tenants with
each other
The owner of a condominium unit learns that a neighbor has failed to pay his
condominium association dues. If the neighbor does NOT pay the dues:
A. a lien can be filed against the condominium complex
B. a lien can be filed against the neighbor's unit
C. a lien can only be filed against the common areas of the condominium
D. the taxing authority can order the condominium be dissolved - ✔✔B. a lien
can be filed against the neighbor's unit
The severalty owner of a parcel of land sells it. The buyer insists that the owner's
wife also sign the deed. The purpose of obtaining the wife's signature is to:
A. terminate any rights the wife may have in the property
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