Real Estate Test

Question 1

When a deed does not specify the estate being conveyed, it is presumed to transfer

Accepted Answer

a fee simple absolute

Answer

a defeasible fee

Answer

an estate for years

Answer

a life estate

Question 2

Possession, control, and enjoyment are included in

Accepted Answer

the bundle of legal rights

Answer

deed restrictions

Answer

the statute of frauds

Answer

an appurtenance

Question 3

If Alycia deeds property to Bernice and her heirs, with the stipulation that if Bernice leaves no heirs the property will then go to Cynthia, then Cynthia now holds which type of estate?

Accepted Answer

Contingent remainder fee

Answer

Contingent life estate

Answer

Contingent reversion fee

Answer

Reversionary interest

Question 4

4.	In a deed that states “to Jonathon for his life,” the grantor has what type of interest?

Accepted Answer

Reversion

Answer

Life estate

Answer

Remainder

Answer

Right of reentry

Question 5

A life estate may be granted

Accepted Answer

for the duration of the life of someone other than the grantee

Answer

Only when it is for the duration of the grantee’s life

Answer

for a definite term

Answer

only to a grantee over the age of majority

Question 6

A freehold could be any of the following EXCEPT

Accepted Answer

an estate for years.

Answer

a life estate.

Answer

a fee simple estate.

Answer

a defeasible fee estate.

Question 7

Fee simple is all of the following EXCEPT

Accepted Answer

a less-than-freehold estate.

Answer

an estate of inheritance

Answer

a freehold estate

Answer

indefinite as to its duration.

Question 8

A hospital receives a gift of real property from an elderly couple who reserve to them- selves a life estate. The hospital is the

Accepted Answer

remainderman

Answer

grantor

Answer

reversionary party.

Answer

donor

Question 9

Which of these activities can the owner of a life estate NOT do?

Accepted Answer

Devise

Answer

Sell

Answer

Mortgage

Answer

Lease

Question 10

A widow who is willed the use of the family home for the rest of her natural life, with provision that title shall pass to the children upon her death, holds

Accepted Answer

a life estate

Answer

fee simple estate.

Answer

a leasehold.

Answer

an easement.