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CRE: Law and Practice 3 Exam
Terms in this set (32)
When a person dies intestate and no heirs can be found for intestate succession, his real property will revert to the state through a process known as:
Title to real property usually passes to the grantee when the deed is
delivered and accepted.
The utility company dug up Mr. Perch's garden to lay a gas line. The company claimed that it had a valid easement and proved it from the county records. Perch claimed that the easement was invalid because he didn't know about it. The easement:
was valid even if the owner didn't know about it
If a person lives in an apartment, and owns stock in the corporation possessing the proprietary lease, this is known as a:
Joint tenancy is created by:
By deed or will
Smith and Jones are joint tenants. Smith sells her interest to Brown. What is the relationship between Jones and Brown?
They are tenants in common
Which of the following is true regarding easements?
An easement is an encumbrance
Sandy Jacobs and Eva Cole bought a store building and took title as joint tenants. Cole died testate. Jacobs now owns the store:
The parts of a property that are normally in common use by all of the condo residents are known as:
All of the ownership rights that transfer with a fee simple estate are known as:
the bundle of rights
Acknowledgment (another term for "notarized) is required to:
validate the signatures on a deed for recording
The phrase "to have and to hold" would appear in a deed in the
Mr. Ackerman leased a property for five years to Mr. Bones. During this term, Mr. Ackerman died and then Mr. Bones discovered that Mr. Ackerman's interest was a life estate. The owner of the property was correct in advocating which of the following?
Mr. Bones' interest was terminated upon Mr. Ackerman's demise
Mr. Brown and Mrs. Brown held title as tenants in common to the family home. Mrs. Brown wanted a niece to inherit her share of the property when she died, but did not want to tell her husband. So she made out a proper deed conveying her interest to her niece, with her signature duly acknowledged, and gave it to a close friend who agreed to hand it over to the niece after Mrs. Brown's death. Mrs. Brown died, and the friend carried out the instructions. The deed was:
invalid, the deed needed to be directly delivered or recorded while Mrs. Brown was alive.
Sole ownership by an individual is ownership:
What is a life estate?
Property given for the duration of an individual's lifetime
The permanent right to use another's land for the benefit of a neighboring parcel is known as:
An appurtenant easement
A quitclaim deed:
does not insure against encumbrances and guarantees nothing
Which of the following would be considered community property?
Income earned by a spouse during the marriage
The government must meet all of the following requirements in order to exercise its right of eminent domain during condemnation except
obtain the consent of the property owner.
Which of the following must apply when land is taken under the right of eminent domain?
The taking of the property must be for public purpose.
Private property that is abandoned is taken by the local government. This is an example of:
When a spouse owns a piece of land separately, s/he owns the property:
The easement that is not created for the benefit of the land owned by the owner of the easement, but that attaches personally to the easement owner is known as an:
easement in gross
When a life estate terminates; a new person inherits whatever remains in a new estate. The name of the estate which remains is referred to as:
the remainder estate
The parents die and the three children want to purchase the home with the stipulation that the last child to survive will have 100% ownership of the house. How should they take title to facilitate this?
Which of the following is not a requirement in order for a deed to be valid?
The remnant of an estate that the grantor holds after he's granted a life estate to another person, if the estate will return to the grantor, is called:
Which of the following would not be included in a deed restriction?
Allowable racial or ethnic origins of purchasers
An estate of inheritance or a life estate, is known as:
The clauses in a deed that limit the future uses of a property are known as:
Your neighbors use your driveway to reach their garage on their property. Your attorney explains that ownership of the neighbors' real estate includes an easement appurtenant giving them the driveway right. Your property is the:
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