Question

Mary is interested in real and estate and wants to work for a local government, what would be her ideal career?

Select one:

a. Land use planner

b. Real estate attorney

c. Property manager

d. Real estate agent

------

Rights included in a fee simple estate do NOT normally include:

Select one:

a. The right to dump in the river behind your house

b. The right to lease the property

c. The right to decide who will inherit the property

d. The right to use the property

------

Which of the following does not form part of the four unities necessary for joint tenancy?

Select one:

a. Time – interests of each tenant start at the same time

b. Title – all parties on the title

c. Severability – any party can leave their tenancy to any heir they choose

d. Possession – each joint tenant is entitled to undivided possession of the whole property

-------

Which of the following fees must be paid by real estate buyer?

Select one:

a. Loan origination fee

b. Escrow fees

c. Natural hazard disclosure report

d. Title insurance premium

-----

Your neighbor's property is directly behind yours and they have the right to cross a portion of your property to access their land. What kind of tenement dose your neighbor has?

Select one:

a. Dominant

b. Extraordinary

c. Simple

d. Servient

-----

Your neighbor's property is directly behind yours and they have the right to cross a portion of your property to access their land. What kind of tenement do you have?

Select one:

a. Simple

b. Dominant

c. Servient

d. Extraordinary

Answer 1

Ans.1. Option. B

Real Estate Attorney is a ideal career for Mary. In this career, she can work for government. Real Estate Attorney is a person who reviews all the documents related to purchase and allow them to complete the deal.

Ans.2. Option.A.

The Right to dump in a river behind your house is not a right mention in simple fee real estate.

Ans.3. Option.C.

This is not part of requirements of joints tenancy.

Ans.4. Option.B

Escrow fees must be paid to the real estate buyer. It include costs associated with paper works, documentation etc.

Ans.5. Option.A

My neighours has a Dominant tenanment as it has right to use my land.

Ans.6. Option.C.

I have a survient tenanment as my neighours has a right to use my land.

I hope that this answer is helpful to you