Asreb national test a - Study guides, Class notes & Summaries

ASREB National Test A-3 Questions and Answers Already Passed A buyer sees a worn path across the property he is interested in buying. The buyer should be concerned about: Easement in gross Easement by prescription Condemnation Police Power Easement by prescription A chronological summary of title is called Deed report Abstract of title ATLA policy Title insurance report Abstract of title A clause in a deed which specifies the degree of property conveyed is called: Defeasa...

ASREB National Test A-1 Questions and Answers Already Passed A lessee puts in a bookcase for commercial use; at the end of the lease the bookcase is removed. The bookcase would be considered: Real Property Trade Fixture Appurtenant Chattel Real Trade Fixture A party owns a parcel of real estate with mineral rights, who owns the mineral rights? The state Federal government Original property owner The property owner The property owner A person dies with no will and no heirs....

ASREB National Test A-3 Questions and Answers 100% Verified When a person receives real estate through a will, this is called: Demise Bequest Devise Legacy Answer-Devise A quit claim deed would do which of the following: Remove a cloud on a title Deny the spouse an interest Verify the tax liability Establish a homestead Answer-Remove the cloud on titl

ASREB National Test A-2 Questions and Answers 100% Verified The highest form of an estate would be: Fee simple Defeasible fee Fee conditional Estate in remainder Answer-Fee Simple A tenant is living without permission on the property after the lease expires. What type of estate would the tenant most likely hold? Estate for years Estate at sufferance Estate for period Estate at will Answer-Estate for years

ASREB National Test A-4 Questions and Answers 100% Verified Recording easements do which of the following? Place an encroachment on the property Place an encumbrance on the property Place a lien on the property Places a deed restriction on the property Answer-Place an encumbrance on the property

ASREB National Test A-5 Questions and Answers 100% Verified A property is sold but the legal title remains in the seller's name. What type of instrument was used to complete the sale? Mortgage Deed of Trust Agreement for sale Option Answer-Agreement for sale Seller does not give title to the buyer, but the buyer has use of the land. Title will be delivered when the debt is paid in full. This is called: Mortgage Deed of trust Land contract Exclusive contract Answer-Land contract

ASREB National Test A-1 Questions and Answers Latest (2024 / 2025) (Verified Answers)

ASREB National Test A-1 Questions and Answers 100% Verified The sale of personal property would include a: Answer-Bill of Sale What governmental right requires compensation to private property owners? AnswerEminent Domain If property is obtained by the state after a person dies, this is called: Answer-Escheat Transfer of real property requires a Answer-Deed

ASREB National Test A-3 Quizzes & Answers.

ASREB National Test A-3