Real Estate License Property and Ownership Laws 3

Question 1

When a person dies without a will and with no heirs, their property passes to the state through:

Accepted Answer

Escheat

Answer

Escheat transfers property to the state when an owner dies intestate with no legal heirs.

Question 2

A life estate gives the holder the right to use property:

Accepted Answer

Only for the duration of a specified person's life

Answer

A life estate lasts only for the lifetime of a named person and cannot be inherited.

Question 3

A neighbor builds a fence two feet onto the adjoining owner's land. This is an example of:

Accepted Answer

An encroachment

Answer

An encroachment is an unauthorized intrusion of an improvement onto another's property.

Question 4

Acquiring legal title by openly and continuously occupying another's land for a statutory period is:

Accepted Answer

Adverse possession

Answer

Adverse possession transfers title through open, notorious, continuous, and hostile occupation for the statutory period.

Question 5

A private agreement that restricts how property in a subdivision may be used is called a:

Accepted Answer

Deed restriction or restrictive covenant

Answer

Deed restrictions, or restrictive covenants, are private limitations placed on property use by an owner or developer.

Real Estate License Practice Test