Real Estate License Property and Ownership Laws 2 — Questions and Answers
Question 1: A homeowner sells a property but reserves the right to harvest crops already planted before closing. This right is known as:
- Emblements (Correct answer)
- Riparian rights
- Littoral rights
- Escheat
Correct answer: Emblements
Emblements are annual crops that a tenant or seller may harvest even after the property interest ends.
Question 2: Two people own property with the right of survivorship and equal, undivided interests. This form of ownership is:
- Tenancy in common
- Joint tenancy (Correct answer)
- Severalty
- Tenancy at will
Correct answer: Joint tenancy
Joint tenancy requires the four unities and includes the right of survivorship.
Question 3: Which of the following is an example of real property rather than personal property?
- A leased copier in an office
- A built-in dishwasher attached to cabinetry (Correct answer)
- A car parked in the garage
- Furniture staged for sale
Correct answer: A built-in dishwasher attached to cabinetry
A built-in dishwasher attached to the structure is a fixture and therefore real property.
Question 4: A government's power to take private property for public use with just compensation is called:
- Escheat
- Police power
- Eminent domain (Correct answer)
- Taxation
Correct answer: Eminent domain
Eminent domain allows government to take private property for public use with just compensation.
Question 5: An easement that benefits an adjacent parcel of land and transfers with ownership is an:
- Easement in gross
- Easement appurtenant (Correct answer)
- License
- Encroachment
Correct answer: Easement appurtenant
An easement appurtenant runs with the land and benefits the dominant tenement.
Question 6: Which document is used to transfer property without any warranties or guarantees of title?
- General warranty deed
- Special warranty deed
- Quitclaim deed (Correct answer)
- Bargain and sale deed
Correct answer: Quitclaim deed
A quitclaim deed conveys whatever interest the grantor has with no warranties of title.
Question 7: A bundle of rights in real property does NOT typically include the right to:
- Possess the property
- Exclude others
- Violate local zoning laws (Correct answer)
- Dispose of the property
Correct answer: Violate local zoning laws
Ownership rights are limited by government powers like zoning, so violating zoning is not a right.
Real Estate License Property and Ownership Laws 2
A homeowner sells a property but reserves the right to harvest crops already planted before closing.
This right is known as: