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Flashcards in UNIT 2 Deck (52)
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1

Which of the following is generally considered real property?
a. Emblements
b. Annual crops
c. A shrub planted in a decorative pot
d. A perennial shrub planted in
the backyard

d. A perennial shrub planted in
the backyard

2

The phrase, bundle of legal rights
a. is part of the definition of real property.
b. is another name for legal description.
c. refers to the legal documents used in real estate transactions.
d. refers to the tenant’s rights in a lease.

a. is part of the definition of real property.

3

A trade fixture is considered
a. a fixture.
b. an easement.
c. personalty.
d. a license.

c. personalty.

4

Which of the following is considered personal property?
a. Masonry fireplace
b. Porch and window awnings
c. Bathtubs
d. Patio furniture

d. Patio furniture

5

Real property can become personal property by
a. severance.
b. purchase.
c. hypothecation.
d. attachment.

a. severance.

6

A seller is under contract to sell a property using the NCBA/NCAR 2-T Offer to Purchase and Contract. The elegantly decorated master bedroom has vertical window blinds, hand-painted light switches and electrical outlet covers, and draperies fashioned from fabric coordinated with the wallpaper. Which of the following items may the seller legally remove before the close of the transaction?
a. None of the items
b. The draperies and blinds
c. The hand-painted items
d. The draperies

d. The draperies

7

A rancher owns a parcel of land with all subsurface, air, and water rights intact. If oil is discovered on the parcel of land, who owns the oil?
a. The rancher
b. The tenant farmer to whom the property has been leased
c. The state government
d. The federal government

a. The rancher

8

A commercial tenant attaches several items to the rental property during the term of the lease. Those items are considered
a. fixtures and become part of the landlord’s real property.
b. emblements and are treated as personal property of the tenant.
c. trade fixtures and may be removed by the tenant by the end of the lease.
d. easements and increase the value of the property.

c. trade fixtures and may be removed by the tenant by the end of the lease.

9

Personal property includes all of the following EXCEPT
a. chattels.
b. trade fixtures.
c. emblements.
d. fixtures.

d. fixtures.

10

Fixtures are
a. real property.
b. chattels.
c. removable by a tenant before the expiration of the lease.
d. removable by a tenant after the expiration of the lease.

a. real property.

11

After construction of a building over a railroad right-of-way, the trains may
a. operate as usual.
b. no longer use the tracks under the building.
c. use the tracks under the building only if they cause no problem for the building's occupants.
d. use the tracks under the building as long as they first obtain the building owner's permission.

a. operate as usual.

12

Generally, personal property can be distinguished from real property by its
a. size.
b. mobility.
c. value.
d. multiplicity of use.

b. mobility.

13

A business owner rents an empty building to use as an ice cream parlor. The tenant subsequently installs large freezer units and several service counters. These additions
a. are considered permanent improvements to the property.
b. became the landlord’s property once attached to the building.
c. can be legally removed by the tenant at the termination of the lease.
d. can only be removed by the tenant with the landlord’s permission.

c. can be legally removed by the tenant at the termination of the lease.

14

All of the following are tests for determining a fixture EXCEPT
a. intent of the parties.
b. size of the item.
c. method of attachment of the item.
d. adaptation of the item to the real estate.

b. size of the item.

15

The owner of a house wants to fence the yard for a dog. When the fence is erected, the fencing materials are converted to real estate by
a. severance.
b. annexation.
c. immobility.
d. indestructibility.

b. annexation.

16

The rights of ownership of real property include all of the following EXCEPT
a. disposition.
b. exclusivity.
c. control.
d. compatibility.

d. compatibility.

17

A person who has complete control over a parcel of real estate is said to own a
a. leasehold estate.
b. fee simple estate.
c. life estate.
d. defeasible fee estate.

b. fee simple estate.

18

A North Carolina beachfront property owner owns the land on the ocean side of the property to the
a. average high tide line.
b. average low tide line.
c. international waters line.
d. middle of the foreshore.

a. average high tide line.

19

Which of the following has an indefinite ownership period?
a. Freehold estate
b. Nonfreehold estate
c. Estate for years
d. Estate at will

a. Freehold estate

20

A homeowner acquired the ownership of land that was deposited by a river running through her property by
a. reliction.
b. succession.
c. avulsion.
d. accretion.

d. accretion.

21

A woman wishes to donate a vacant lot that she owns in fee simple absolute to a hospital that is located next to her lot. An attorney prepares a deed that conveys the ownership of the lot to the hospital “as long as it is used for medical purposes.” After the completion of the gift, the hospital will hold a
a. pur autre vie estate.
b. fee simple absolute estate.
c. fee simple determinable estate.
d. fee simple to a condition subsequent estate.

c. fee simple determinable estate.

22

The most all-inclusive type of real property ownership is a
a. fee simple estate.
b. conventional life estate.
c. qualified fee estate.
d. reversionary interest.

a. fee simple estate.

23

The rights of the owner of property located along the banks of a small stream are called
a. littoral rights.
b. subjacent rights.
c. riparian rights.
d. hereditaments.

c. riparian rights.

24

The ownership rights to real estate include all of the following EXCEPT
a. buildings located on the property.
b. air space above the property.
c. easements running with the land.
d. navigable rivers running through the property.

d. navigable rivers running through the property.

25

A deed that conveys ownership to the grantee as long as the existing building is NOT destroyed creates a
a. life estate.
b. non-destructible estate.
c. fee simple estate.
d. defeasible fee estate.

d. defeasible fee estate.

26

The North Carolina owner of a secluded area adjacent to the Atlantic Ocean noticed that people from town walked along the shore in front of this property. The owner learned that the local citizens had been walking along this beach for years. The owner went to court to try to stop people from walking along the water's edge in front of the property. The owner is likely to be
a. unsuccessful, because the local citizens have been doing this for years and thus have an easement.
b. unsuccessful, because the owner's property extends only to the high-water mark and the public can use the land beyond this point.
c. successful, because the owner's property extends to the middle of the water bed.
d. successful, because the owner can control access to his own property.

b. unsuccessful, because the owner's property extends only to the high-water mark and the public can use the land beyond this point.

27

A woman conveys a life estate to her son-in-law and stipulates that upon his death the estate will pass to her grandson. The grandson has an
a. estate in reversion.
b. estate in remainder.
c. estate pur autre vie.
d. estate for the life of another.

b. estate in remainder.

28

A life estate conveys to the life tenant
a. a leasehold for life.
b. a reversionary interest.
c. an estate pur autre vie.
d. ownership for life.

d. ownership for life.

29

A property owner conveys the ownership of his apartment building to a nursing home, anticipating that the rental income will help pay for his father's care at the home. When his father dies, the original owner will recapture the ownership of the apartment building. This is an example of a
a. remainder life estate.
b. conventional life estate.
c. life estate pur autre vie.
d. leasehold estate.

c. life estate pur autre vie.

30

A buyer contracts to purchase real property with the intention of having title transfer to her children upon her death. Which of the following is the best way for the buyer to take title to the purchased property?
a. A conventional life estate
b. A fee estate
c. A joint tenancy
d. An estate with reversionary interest

b. A fee estate