Question 1

Real property includes:

Accepted Answer

A)   land.
B)   shrubs,grass and tress.
C)   rights in the land of another.
D)   all of the above.

Question 2

Recording statutes provide that a person purchasing land from the last holder of record will take title free of any unrecorded claim to the land of which the purchaser does not have notice or knowledge.

Accepted Answer

A) True 
 B)False

Question 3

A covenant that passes with the land so that whoever owns the land is bound by or entitled to the benefit of the covenant

Accepted Answer

A)   is a covenant of seisin.
B)   is a covenant of further assurances.
C)   is a covenant of quiet enjoyment.
D)   is said to run with the land.

Question 4

Which statement is incorrect concerning mortgages?

Accepted Answer

A)   The mortgagee's interest terminates upon performance of the obligation secured by the mortgage.
B)   The mortgagee has the right to enforce the mortgage by foreclosure upon default by the mortgagor.
C)   The mortgagor must have complete or absolute ownership in the property.
D)   Generally,no particular form of language is required to create a mortgage.

Question 5

The right to cut firewood from another's property would constitute a profit.

Accepted Answer

A) True 
 B)False

Question 6

Which is not a correct statement about deeds?

Accepted Answer

A)   The grantor must sign the deed.
B)   A deed must be recorded to effectively pass title.
C)   The fact that a deed is recorded provides notice to the world about who holds title.
D)   A deed must be delivered to be effective.

Question 7

A deed is not effective to pass title unless it is properly recorded.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following represents a duty owed by a landowner to a trespasser?

Accepted Answer

A)   the duty to refrain from causing intentional harm once the presence of the trespasser is known
B)   the duty to warn the trespasser of dangers existing on the premises
C)   the duty to make the premises safe to protect the trespasser from harm
D)   none of the above,since a landowner has no legal duty to a trespasser

Question 9

Characteristics of the fee simple estate include all of the following except:

Accepted Answer

A)   it is alienable during life.
B)   it is not subject to rights of the owner's surviving spouse.
C)   it is alienable by will.
D)   it can be attached or used to satisfy the owner's debts before or after the owner's death.

Question 10

A license is different from an easement in that it is a personal,revocable privilege to do something on the land of another.

Accepted Answer

A) True 
 B)False

Question 11

Technically,land is considered as extending downward to the earth's center and upward indefinitely.

Accepted Answer

A) True 
 B)False

Question 12

An easement is a right to use another's property that belongs to the land that is benefited.

Accepted Answer

A) True 
 B)False

Question 13

If the parties involved agree that personal property will be considered a fixture,it will be deemed to be a fixture without the application of legal tests.

Accepted Answer

A) True 
 B)False  True

Question 14

Which of the following can constitute an effective delivery of a deed?

Accepted Answer

A)   a physical delivery
B)   a symbolic delivery
C)   a constructive delivery
D)   all of the above

Question 15

The rights of the mortgagor after default include the right to obtain a stay of foreclosure to prevent undue hardship and a right of redemption.

Accepted Answer

A) True 
 B)False

Question 16

A promise that the grantor of an interest in land will execute any additional documents required to perfect the title of the grantee is known as a covenant:

Accepted Answer

A)   of seisin.
B)   of further assurances.
C)   against encumbrances.
D)   of quiet enjoyment.

Question 17

A summarized report of title to property is called:

Accepted Answer

A)   title protection insurance.
B)   title assessment insurance.
C)   an abstract of title.
D)   an instrument of title.

Question 18

Personal property that has become a fixture is still classified as personal property.

Accepted Answer

A) True 
 B)False

Question 19

Equipment attached to a rented building by a tenant and used in business is:

Accepted Answer

A)   called a trade fixture.
B)   called a business fixture.
C)   called a commercial fixture.
D)   not a fixture. A

Question 20

Real property includes land and all rights in land.

Accepted Answer

A) True 
 B)False  True

Exam 49: Real Property

Real property includes:

Correct AnswerverifiedShow Answer

Recording statutes provide that a person purchasing land from the last holder of record will take title free of any unrecorded claim to the land of which the purchaser does not have notice or knowledge.

Correct AnswerverifiedShow Answer

A covenant that passes with the land so that whoever owns the land is bound by or entitled to the benefit of the covenant

Correct AnswerverifiedShow Answer

Which statement is incorrect concerning mortgages?

Correct AnswerverifiedShow Answer

The right to cut firewood from another's property would constitute a profit.

Correct AnswerverifiedShow Answer

Which is not a correct statement about deeds?

Correct AnswerverifiedShow Answer

A deed is not effective to pass title unless it is properly recorded.

Correct AnswerverifiedShow Answer

Which of the following represents a duty owed by a landowner to a trespasser?

Correct AnswerverifiedShow Answer

Characteristics of the fee simple estate include all of the following except:

Correct AnswerverifiedShow Answer

A license is different from an easement in that it is a personal,revocable privilege to do something on the land of another.

Correct AnswerverifiedShow Answer

Technically,land is considered as extending downward to the earth's center and upward indefinitely.

Correct AnswerverifiedShow Answer

An easement is a right to use another's property that belongs to the land that is benefited.

Correct AnswerverifiedShow Answer

If the parties involved agree that personal property will be considered a fixture,it will be deemed to be a fixture without the application of legal tests.

Correct AnswerverifiedTrue

Which of the following can constitute an effective delivery of a deed?

Correct AnswerverifiedShow Answer

The rights of the mortgagor after default include the right to obtain a stay of foreclosure to prevent undue hardship and a right of redemption.

Correct AnswerverifiedShow Answer

A promise that the grantor of an interest in land will execute any additional documents required to perfect the title of the grantee is known as a covenant:

Correct AnswerverifiedShow Answer

A summarized report of title to property is called:

Correct AnswerverifiedShow Answer

Personal property that has become a fixture is still classified as personal property.

Correct AnswerverifiedShow Answer

Equipment attached to a rented building by a tenant and used in business is:

Correct AnswerverifiedA

Real property includes land and all rights in land.

Correct AnswerverifiedTrue

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