ALL RIGHTS RESERVED. THIS BOOKLET OR PARTS THEREOF, MAY NOT BE REPRODUCED IN ANY FORM WITHOUT PERMISSION IN WRITING FROIVI THE PUBLISHER. 1. An easementthatwould remain with 5. Thementionoftheterm"unitdeed" the property when title to the property would suggest what type of is transferred is known as an: ownership? A. Easementinfee A. Cooperative 8. Easementingros§ B. Condominium C. Attached easement a. Severalty D. Easement appurtenant D. Jointtenancy 2, When ownership isheld byoneperson 6. Kathiexplainsthatsheholdsfoo it is referred to as what type of simple title in severalty to her office ownership? unit and has an undivided interest in common in all of the common elements A. Severally of the property with other unit owners. 8. Undivided What she is describing is a: C. Joint D. Independent A. cooperative 8. tenancy bythe entirety 3. When a person dies inte§tateand has C. tenancyin common no heirs capable of inheriting, their D. condominium property reverts to the state by virtue of: 7. The rightthatthe state orother governing authority has to restrict the A. Eminentdomain use of real property is known as: 8. Dedication C. Adverse possession A. Eminentdomain D. Escheat 8. Regulatory power C. Zoning ordinance 4. Which of the following is a freehold D. Police power estate? 8. John Jones and Jim smith own a A. An estateatwill parcel of land as joint tenants. Jones 8. Alifee§tate dies and his will specifies that his C. Anoption interest will pass to his wife, and upon D. Alease her death, to his children. What type of estate do the children have? A. Estate in reversion I. Estate in the remainder C. Lifeestate D. Noneoftheabove 14. When a person entersintoasale 9. Nick's neighboral]o\h/s him to enjoythe agreement to purchase real estate the use of his swimming pool anytime he type of estate he has is: desires. After having a disagreement with Nick, the neighbor revokes this A. Curtesy Estate right. Nick had a(n): 8. Estateatwill C. Estate at sufferance A. easementingross D. Equitable Estate a. license C. estate atsufferance 15. Which of the following applies to D. easement appurtenant property owned by Tenants in the Entirety? 10. Leasehold estates include which of the following? A. Eitherowner may will his rights 8. Eitherowner may sell his rights A. Estateforyeare C. Theremaybemorethant`^ro 8. Estateatwill owners C. Estate from period to period D. The owners must be married D. Alloftheabove 16. Whichofthefollowingwould bean 11. The highestor largest possible degree example of a defeasible fee? of ownership of real property is: A. Anne's fathergrants title to herso A. Estateatwill long as she does not marry 8. LifeEstate a. Maggie dies and leaves a property C. E§tatein Feesimple to Jack for the dLiration of Jack's D. Equitable Estate life C. Upon the death ofa life tenant, 12. The lowest possible degree of estate title reverts to the original grantor is: D. A]easethatwillexpireonapre- determined date A. Estatein Feesimple 17. All ofthefollowing would apply to a. Estateatwil[ ownership only by husband and/or wife C. DowerEstate EXCEPT: D. E§tate atsufferance A. Dowerrights 13. When propertyjsowned bytwoor a. Curtesyrights more persons and upon the death of C. Tenancy bythe entirety one his interest passes to the survivor D. Tenancyincommon it is known as: A. Tenancyin common 8. Severally ownership C. JointTenancy D. Estatein Feesimple 18. Mr[ Brown was devised a life estate 22. Whichoneofthefollowing is NOTone from his father. Since he had no Lise of the four unities of Joint Tenancy? for the property he sold his interest to Wanda Newhouse. Which of the A. Unity of possession following is FALSE? 8. Unityoftime C. Unityof equity A. When Mr, Brown dies, Wanda's D. Unityof interest interest would terminate 8. Mr. Brown cannotsell his interest 23, The parcel of land that benefits from an C. Ifwanda wereto pre-decease Mr. easement may be referred to as a/an: Brown, her interest would pass to her heirs. A. dominantestate D. Wanda is said to have a life estate 8. appurtenantestate pur autre vie. C. servientestate D. equitable estate 19. Amandiesand hi§willstipulatesthat title to his property is to pass to his 24. Thetyi]e of estate a holdovertenant wife, with the provision that upon her would have is known as a/an: death title is to pass to two of their three children. The type of estate that A. estateatwill the wife has is known as: 8. conditional estate C. periodic estate A. Estate in reversion D. estate atsufferance 8. Lifeestate C. Estate inthe remainder 25. The rightthatthe government has to D. Estateatwill promulgate and enforce laws necessary for the protection of the 20. Mary was forced to sell her propertyto general public is known as: a government agency for $95,000. Her property was taken under the A. protective zoning government's right of: 8. restrictive zoning C. building codes A. eminentdomain D, police power 8. escheat C. policepower 26. Indicatethe INCORRECT statement(s): D. commercial frustration 1. An owner who wishes to convert a 21. John, Maryandsueown20,30and multiple dwelling into a condo or co-op 50% respectively Of White Oak Acres. must give the tenants 60 days notice of Based on that information, they must the intention to convert own the property as: 2. A tenant in occupaincy at the time of conversion does not have the A. jointtenants exclusive right to purchase his unit oi. 8. tenantsincommon shares of stock, as the case may be C. tenancy bythe entirety D. severalty A. 1 Only a. 2 Only C. Both 1 and 2 D. Neither 1 nor 2 27. Indicate the Statement which is FALSE: 31. Ofthefollowing, selectthestatement that is TRUE? A, Condominium owners may take a deduction for property taxes A. Littoral Rights pertain to nan- 8. To convert an apartment building to a navigable waters cooperative incorporation papers must a. Riparian Rights pertain to be filed with the state navigable waters C. Condominium owners occupy their C. Riparian owners may changethe units under a proprietary lease course of a stream if they wish D. All of the above D. Littoral Rights owners own up to the .'mean high water mark 28. Condominiumownersmay: 32. In regardtocondomjnjumsand A. take a tax deduction for mortgage cooperatives, which of the following interest statements is TRUE? 8. take a tax deduction for property taxes C. mortgage their unit A. Ownership ofa condominium is D. all of the above conveyed by a Unit Deed 8. In a cooperative, ownership i§ evidenced by stock 29. Whichofthefollowing isTRUE in C. Condominium owners have an regard to an easement appurtenant? interest in the common elements of the property A. It"runswitlitheland" D. Alloftheabove 8. It benefits a person, ratherthan a tract of land C. It i§ not automaticallyconveyed with the land D. With this type ofeasemen(, there must be at least three parcels of land 30. Whichofthefollowing is NOTtruein regard to a license to enter the land of another? A. itcan berevoked atanytime 8. It benefits a person ratherthan a tract of land C. it is notautomatically conveyed with the land D. with this type ofea§ement, there must be at least three parcels of land.