Real Estate Property Ownership & Rights 2

Question 1

Adverse possession requires continuous, open, hostile possession for a statutory period in order to:

Accepted Answer

Acquire title to another's land

Answer

Obtain a mortgage

Answer

Create an easement by necessity

Answer

Record a deed

Question 2

Which type of deed offers the highest level of protection to a buyer?

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Bargain and sale deed

Answer

Special warranty deed

Question 3

Eminent domain allows the government to:

Accepted Answer

Take private property for public use with just compensation

Answer

Tax property owners annually

Answer

Zone land for residential use only

Answer

Enforce deed restrictions

Question 4

Police power in real estate refers to the government's right to:

Accepted Answer

Regulate land use through zoning and building codes

Answer

Arrest trespassers

Answer

Tax property transfers

Answer

Manage foreclosure proceedings

Question 5

In a joint tenancy, when one co-owner dies, their share:

Accepted Answer

Automatically transfers to the surviving co-owners

Answer

Passes to their heirs via will

Answer

Is sold to the remaining owners

Answer

Reverts to the state

Question 6

What distinguishes real property from personal property?

Accepted Answer

Real property includes land and permanently attached improvements

Answer

Real property can be moved; personal property cannot

Answer

Personal property is permanently attached to land; real property is not

Answer

Personal property includes buildings and fixtures